PermianChain signifies the recognition of the Permian Era, by harnessing blockchain technology to capitalize on the world’s fossil fuels by turning exploration and production campaigns into investable digital-assets. The PermianChain team is made up of ethical and competent professionals with expertise and backgrounds in Oil & Gas, Finance, Law, Investment Banking, IT & ICT, Blockchain, Data Science and Marketing. See website for more details...
|Soft cap||1,500,000 USD|
|Hard cap||32,000,000 USD|
|Accepting||ETH, BTC, FIAT|
|Restricted countries||No restrictions|
|Know Your Customer||Yes|
The Permian Token (XPR) idea is initiated to democratize direct oil & gas investments and Tokenize proven oil reserves.
Launch of Permian Token Dashboard and e-Wallet.
June - July 2018
Deployment of Permian Token (XPR) smart contract as ERC 20 token on the Ethereum network.
Partnered with Gulf Energy Corporation Ltd. and Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP stages.
Completed Permian website with new branding. Started with technical architecture for platform development.
October - December 2018
Completion of PermianChain platform prototype, commencing of MVP development stages and appointing legal counsel for finalizing all disclosure documents.
Commence due diligence on already identified proven oil campaigns.
Finalized developer training with IBM Hyperledger Fabric team for development of MVP stages.
Finalizing all disclosure documents for investment process and filing with regulators.
Produced dedicated hard vaults for storing Permian Tokens (XPR) for secure transaction process.
Signed Memorandum of Understanding with Schedule 1 licensed bank for digital custody integration on the Permian Platform.
Deploy capital towards approved acquisition targets with over 2,000,000 Barrels of Oil Equivalent (BOE) in proven reserves.
open submission for upstream exploration & production companies to list their proven oil reserves and issue Security Tokens on the PermianChain platform.
Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing users and investors to track investment activity and development progress.
Q1 2020 - Q2 2020
Secure partnership with gas stations globally to accept Permian Token (XPR) as a form of payment. Create 'PermianCard' for the XPR community to use as payment at gas stations globally.
|Whitelist/KYC||Whitelist & KYC|
|Token price||0.1 USD|
|Alexa rank||5,829,280 th|
|Promotional video views||1,132|
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