bitcoin

XPetroleum and blockchain

by Menthil85 Maret 11, 2019



Oil can be called one of the most important things in the life of a modern person; of course, it is not as vital as air, water or food, but the importance of oil is not much lower than theirs. After all, everything that surrounds us was somehow extracted, delivered, processed thanks to oil, most of the things around us were plastic - the product of oil refining, bread was delivered to the store thanks to fuel obtained from oil, the kettle can be boiled using gas which is also a product of their oil . The list of the merits of black gold can be continued for thousands of points, but there is no particular need for this, because everyone already knows about the role oil plays in our lives, in what set of industries it is used and in what quantity it is consumed.

The extreme importance of such an exhaustible substance forces users to take a more responsible approach to the use of this product, entire states develop various programs aimed at this, private initiatives are used, but one of the best solutions for transforming the oil market was proposed by the XPetroleum project.

The Importance Of XPetroleum
The importance of the XPetroleum project lies in the area it intends to improve - the oil industry. As has already been said, everything that exists around us was somehow produced or delivered thanks to oil, without it, cars and buses do not drive, they need an internal combustion engine, they make many, many other things from rubber, plastic, polyethylene. What can I say, if in some countries oil is the main source of wealth of the country and the people.

This importance of this natural substance is also supported by numbers, because the oil market is estimated at $ 1.7 trillion a year, these are simply incredible numbers that indicate a high demand, an incredible number of participants in this market and a developed infrastructure to meet the needs of this industry. That's exactly what XPetroleum is going to improve, starting from the stage of extraction, delivery and processing of crude oil into the finished product XPetroleum using the blockchain technology will offer the market completely different possibilities, which can significantly reduce the cost of delivery and refining, increase trust between market participants the level of security in transactions with oil and all this on a single platform from XPetroleum.


In order to better imagine the cargo that the XPetroleum project has assumed, it is necessary to make comparisons of the volume of the oil market with other markets, so the oil market is about $ 1.7 trillion a year, the gold market is $ 170 billion, iron is $ 115 billion, aluminum is $ 90 billion As you can see, the oil market is many times larger than other markets.
The fact that the XPetroleum project is ready to take on such a large market speaks about the professionalism of its team, a clear vision of the problems of the current market and the ways to solve them.

XPetroleum and blockchain
To improve one of the most important branches of our life, you need to use only the most reliable and proven methods, preferably also innovative ones that give a certain technical advantage. XPetroleum will change the rules of the game thanks to the introduction of blockchain and smart contracts.
Using the blockchain and smart contracts will help build a transparent and secure platform for oil transactions, financial transactions, to track oil prices, the relevance of contracts, and so on.
Certainly, the introduction of new technologies into such an important and voluminous market will certainly bring results, among which we will see: The 


possibility of paying for oil in XPL tokens, thanks to which all market participants can make transactions without having to convert one currency into another, which significantly reduces the speed of the operation, eliminates the risks associated with currency fluctuations and increases the convenience of the payment itself.


Qualitative changes in the largest market, on which each of us depends without exaggeration.


Fast and cheap transactions, due to the use of the XPL token, all transactions will take a few seconds, instead of several days as it is today. This will significantly increase the speed of operations in the market.


Security of transactions and payments made is one of the main tasks on which the attention of the project team is focused.

XPL token and ICO
As already mentioned, all payments on the platform will be made in XPL tokens, no doubt market participants will appreciate fast transactions using XPL, low commissions and usability, but you also need to remember that the XPL token will be the main means of payment on the market with a capitalization of 1.7 trillion dollars it is difficult to imagine what demand this platform will have from the users of the platform, it can be safely predicted that it will be extremely large. There is no doubt that the high demand for a token can significantly increase its initial cost.
The price of one XPL token at the ICO stage is only $ 0.15, so the potential for growth is huge, and considering the total number of tokens of only 80 million units, we can assume a price of thousands of dollars.

It is also important that out of 80 million tokens on ICO, only 62% of the total number of tokens will be available for sale, and all unsold tokens will be burned, which will further reduce the number of tokens in circulation.

The purpose of raising funds from the project is very interesting, because they want to collect minimally 500 thousand dollars, and they need as much as $ 5 million, a very modest amount by ICO market standards, and this is very good, because it means that the project team wants to make a really new and useful product and this is the main goal of the project, and not to collect the maximum amount of money.

XPetroleum Project Plans
The roadmap of the project is simply amazing, because as an idea the project appeared only in September 2018, and already in the first months of 2019 he conducts an ICO and finishes the development of the main components of his platform. The conclusion of significant partnership agreements is already scheduled for February 2019, and in April the token will be available on the exchanges.

XPetroleum team


Liam evans
The project's CEO has extensive experience, including in the oil industry.


Bradley robson
in the project he is a service station, has extensive knowledge in this industry.


Jacob Howarth
Responsible in the project for marketing and drawing attention to the project.


Harley north
Responsible for Web design and development of the project site.


Philipp Tavares
Editor and research manager.

The project team included experts with extensive experience and a great desire to bring their ideas to life, but there is no doubt that they will succeed.
findings

The XPetroleum project aimed at creating a service capable of improving the largest of all markets, making it more transparent, safe and user-friendly. The extensive experience of the project team allows them to know what problems there really are in this sector and how they can be eliminated.

Connection with the project

Author (Menthil85)
Tags:

0 Komentar