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Total supply - 2 000 000 000 000

Token name-OIL

1 OIL = 1 barrel of oil

Contract:

  0xaE6eb6F6c0A1694968b9f78a4316319C27B0964b 

Each month, the right amount of OIL tokens will be burned, corresponding to the monthly oil consumption in the world.

The total value of 2,000,000,000,000 OIL tokens is equal to the sum of world oil reserves.

PETROLEUM is the first oil utility token based on Blockchain Ethereum.

PETROLEUM Ethereum -based ERC-20 token is a convenient and instant way to store, buy, sell or transfer investment.

Oil, due to its use in manufacturing, transport and energy production, as well as variable and limited supply, has a strong impact on the global economy, making it one of the fastest changing markets.

Industry networks become more complex as the number of participants in them increases. They also reorganize constantly through restructuring initiatives, mergers, acquisitions or regulatory actions.

Assets, goods and services are exchanged within these supply chain networks, and value is created through transactions governed by contracts. For a network to function properly, transactions must be recorded accurately in a system of record and be accessible to all participants. This system of record is often referred to as a ledger even though it is usually a digital record.