FAQ

OilXCoin tokens will be launched once all regulatory processes are completed and listed on selected major DEXs. This is expected to occur in Q1/25. If you want to stay informed, please subscribe to our email list.

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OilXCoin generates revenue through multiple independent yet complementary streams, namely, sales generated in the O&G upstream and OilXCoin transaction fees incurred through the trading of the token. The majority of these revenues are reinvested to increase the token's tangible asset base — acquiring additional O&G reserves — and to ensure market liquidity and the token´s  growth potential.

1. Tradable
- Investors can trade OilXCoin peer-to-peer, saving costs on intermediaries such as banks or brokers.
  - Trading is available 24/7 as blockchains do not close, unlike traditional securities exchanges.
  - Faster trading speeds compared to the traditional financial market. Trades occurs almost instantaneously due to blockchain infrastructure.

2. Scalability of OilXCoin Tokens
Unlike asset classes such as real estate, artworks, or stocks, where individual unit costs are often too high for private investors to enter, the tokenization of assets allows for their downsizing into individual much more affordable tokens. Providing investors with fewer financial resources access to markets that were previously closed to them, such as the oil and gas market.

3. Accessibility
Purchasing OilXCoin is much more straightforward compared to trading on a regular exchange and accesible to anybody having access to internet and a crypto wallet.

1. As a regulated financial product, OilXCoin provides investors with higher fraud protection
2. OilXCoin is listed under its real name and business address with the relevant securities regulator, significantly reducing the possiblity of exit scams
3.  As a security token OilXCoin combines the regulatoy compliance of the TradFi with the dynamic of the Crypto scene offering one of the first fully regulated investment cases with blockchain application.

The term "value chain digital asset" reflects the digital incorporation of the upstream sector of the oil and gas industry as a vlaue chain in to the OilXCoin token. In the case of OilXCoin the upstream sector includes extracting oil and gas from underground reserves and selling it to refineries. This value chain is implemented as a digital contractual framework into the smart contract of each OilXCoin token. 

As a value chain digital asset OXC is backed by a continuously growing quantity of audited oil and gas reserves, as well as the value generation through the associated upstream value chain.

Since the total token supply is capped, but the quantity of gas and oil reserves steadily grows through continuous acquisition and other contractual agreements, and simultaneously, the production capacities are constantly increased through modernization and expansion of oil and gas fields, the OilXCoin token gains a deflationary character and generates a consistent inherent value appreciation. 

OilXCoin's reinvestment strategy, where a large portion of the proceeds from oil and gas sales as well as cryptocurrency transaction fees flow back into the token and oil and gas infrastructure, enhances the token's value appreciation and gives it a unique selling proposition in the cryptocurrency space.

The backup for OilXCoin increases over time. Revenues from both streams- sales generated in the O&G upstream and OXC transaction fees incurred through the trading of the token - are majorly reinvested to acquire additional O&G reserves and by that increasing the token's tangible asset base. 

The upstream sector in the oil and gas industry incorporates the exploration and production of oil and gas. In the case of OilXCoin it primarily includes the development of underdeveloped, primarily conventional O&G reserves, and the partnering with experienced producers to extract crude oil and gas for sale to refineries.

Initially, the OilXCoin (the "Token") shall be offered and sold exclusively as a regulated security in certain European jurisdictions, and as a restricted security in the U.S., in compliance with all applicable securities laws and regulations. The offering and sale of the Token in additional jurisdictions shall commence upon obtaining all necessary regulatory approvals from the respective regulatory authorities governing such jurisdictions.

OilXCoin introduces a new model where tokenization allows for fractional ownership of oil and gas and therefore for more direct and diversified investment opportunities in the oil and gas sector.

OilXCoin generates revenue through multiple independent yet complementary streams, namely, sales generated in the O&G upstream and OXC transaction fees incurred through the trading of the token. The majority of these revenues are reinvested to increase the token's tangible asset base — acquiring additional O&G reserves — and to ensure market liquidity.

OilXCoin´s immunity to rollover risk arises from its value being directly linked to the "upstream value chain" of the O&G sector in a digital format. This resilient backing and a reinvestment strategy to continuously enhance the upstream sector and its underlying oil and gas reserves coupled with the advantages of the blockchain technology, ensures a robust and growth-focused value chain digital asset.

Yes, the total supply of OilXCoin tokens is fixed at 100 million.

Tax implications can vary by jurisdiction. Investors are advised to consult with tax professionals to understand the specific tax considerations for cryptocurrency investments in their region. 

OilXCoin-NFTs are unique digital collectibles created as ERC-721 tokens, offering three distinct value propositions: they can be converted into OilXCoin tokens after the official launch, possess inherent value as collectibles, and provide override royalty rewards derived from 12% of every transaction fee in the OilXCoin network.

OilXCoin's exclusive NFT sale is part of its pre-launch funding phase. Proceeds will be used to promote and initiate the circulation of the OilXCoin token and enhance its asset backing, both of which are intended to significantly influence the token's value development.

1. You need a crypto-wallet that can hold ERC-721 NFTs, for example Trust Wallet, MetaMask wallet or Coinbase wallet.

Follow the exact instructions of the wallet provider hereby ensuring that you carefully write down and confidentially store the "recovery/seed phrase". Do not ever lose this or disclose this to any third party.

2. Get the amount of ETH on your wallet reflecting the value of the NFT you want to purchase. Please consider, that you need some extra "gas", paid in ETH, to claim the NFT.

You can either purchase Ethereum using your crypto wallet or a CEX account (Central Exchange) of your choice, e.g. Coinbase, Binance, Kucoin, Bitpanda and thereafter transfer the amount to your crypto wallet public address.

3. Follow the instructions in our webshop.

You need a crypto-wallet that is working with Ethereum Main Network (Etherum Blockchain) and therfore can hold ERC-721 NFTs, for example Trust Wallet, MetaMask, Coinbase wallet, trezor wallet, ellipal wallet or Keystone wallet.

Please do your own research and get familiar with your choosen wallet provider.

You can´t buy OilXCoin-NFTs at your bank or on a stock exchange. OilXCoin-NFTs are available during the private sale on our website.

No. You can swap your Bitcoin/BTC into Ethereum/ETH and then purchase OilXCoin-NFTs.

1. Purchase ETH on a CEX, e.g. Coinbase, Kucoin or Binance. 

Optionally you can then send the purchased ETH to your own crypto-wallet, e.g. Trust Wallet, MetaMask.

Beforehand make sure the wallet works with Ethereum blockchain/Ethereum Main Network.

2. Purchase ETH directly with your own wallet.

Please do your own research on different CEX (Centralized Exchange) and follow the instructions of the choosen provider. 

Examples include Coinbase, Binance, Bitpanda, Kucoin.

• Use a wallet that is compatible with the Ethereum Mainnet
• Never send your NFT to an unknown address 
• Never send your NFT to a CEX address, as this might lead to irreversibly losing your NFT

If you want to sell your OilXCoin-NFT, you can select a suitable NFT trading platform to do so.

OilXCoin-NFTs grant an exclusive override royalty to their holders, sourced from 12% of the transaction fees generated in the OilXCoin network. Each NFT holder receives a proportional share of this fee in OilXCoin token, with the share size varying based on the NFT tier.

The vesting phase is a set period of time during which the OilXCoin tokens claimed via the NFT cannot be traded. The vesting time period begins once you claim the OilXCoin tokens you priorily purchased with the NFT and receive them on your wallet. The length of the time period depends on the kind of NFT you purchased.

The vesting period is implemented as a security feature, preventing that all NFT Holders sell their OilXCoin tokens at the same time, specifically during the first months after the token launch. It ensures the stability of the OilXCoin ecosystem and is a "whale protection". However by the end of your vesting period you can trade your OilXCoins.

After claiming OilXCoin tokens the NFT remains in your possession as long as it is held in your own wallet. After the vesting period you can trade, sell, or gift the NFT. The royalty associated with the NFT will continue to be paid out to the wallet where the NFT is stored, provided the wallet is ERC-20 compatible. 

Yes. After the vesting period of your NFT (one month for silver, two months for gold, three months for platin and twelve months for diamond), you can sell your claimed OilXCoin token, and still receive rewards. Ony once you decide to sell your NFT you won´t receive any further royalties. 

OilXCoin is commited to keep the environmental impact of OilXCoin´s actions as low as possible by e.g. using state of the art technology for oil and gas extraction and focusing on local production and product selling to avoid long-haul transportation. Read more

EOR stands for "Enhanced Oil Recovery" and embodies the most advanced technologies to maximize the recovery potential of each lease and thus reduce the large carbon footprint associated with drilling and casing a new well .

You can buy OilXCoin tokens in any quantity you like. Take the "gas" fee in to account, a fee that is charged with every transaction.  Your wallet should display the gas fee before making the purchase.

The price of OilXCoin is reflected by three components: 

1. Natural Gas-In-Place & Oil-in-Place reserves and a continual reinvestment strategy in both more production infrastructure and further reserves.

2. Upstream Value Chain which multiplies the initial value of the natural GIP/OIP so it then orients on, for example, the WTI or other crude oil spot prices.

3. Token Transaction Fees - a 0,75% fee is leveed for every transaction which uses the OilXCoin smart contract.

1.  Before approving a transaction, ask yourself the following questions, as faulty inputs in wallet addresses or chosen networks can lead to irreversible losses of your digital assets
   1. Am I using the correct network for my coins/tokens? (Ethereum Mainnet for OXC)
   2. Can the receiving address receive coins/tokens from this network?
   3. Have I intered the receiving address correctly?
2. Keep your seed phrases (recovery phrase) in an extremely secure place (never digitally!) and do not share them with anyone
3. Have in mind that at OilXCoin, we will never
   1. Contact you privately on any social media channel or in any other form.
   2. Ask for your passwords, login credentials, or seed phrase/recovery phrase.
   3. Request a QR code