Token and Security Features
The following features have been implemented to increase investor protection and secure the OilXCoin token.
Ethereum Blockchain/ERC 20 Protocol
- Immutable data
- Transparent and traceable transactions for all users
- Distributed, consensual data storage without a central authority
Smart Contracts Security
- Use of Open Zeppelin defender platform, reknown for:
- 400+ audits performed
- $15B+ balance held in Open Zeppelin Contracts, and
- used by 100% of Top 20 DeFi protocols
Vesting Period (token lockup time)
- OilXCoin tokens claimed through NFTs are prevented from being sold for a specific period of time
- Signals a commitment to the sustainable development and long term attractiveness of OilXCoin
Multi Signature Wallets
- Company-owned tokens are held in multisignature wallets and can only be moved in accordance with a "six-eye" principle, drastically reducing the possibility that tokens can be misused