 | Bitcoin Oil (BTCO)ICO Bitcoin Oil (BTCO) is a new cryptocurrency based on the original Bitcoin blockchain technology which will be launched in 2019. The implementation of the BTCO hard fork will create the technologically most advanced version of Bitcoin. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Bitcoin Oil
Bitcoin Oil (BTCO) is a new cryptocurrency based on the original Bitcoin blockchain technology which will be launched in 2019. The implementation of the BTCO hard fork will create the technologically most advanced version of Bitcoin.
The centerpiece of BTCO and its "Optimally Improved Ledger" (OIL) will be the highly innovative "SSPSS" strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability ("SSPSS"), including but not limited to key new Bitcoin blockchain features such as (i.) minimizing Bitcoin's volatility (i.e. by creating an incentives-based economy), (ii.) drastically reducing Bitcoin's insane energy consumption (i.e. by altering the consensus protocol to PoS), (iii.) implementing true privacy features (i.e. by enabling confidential transactions), (iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least (v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions).
In this sense, it is very important to understand that Bitcoin Oil – unlike Bitcoin – will not have to follow the lengthy and protracted BIP procedures which make rapid change almost impossible. Contrary to that inhibitor of innovation, Bitcoin Oil has straight forward agreements in place with some of the largest blockchain and Bitcoin development companies in the world, which will be commissioned by us to build Bitcoin's 2019 BTCO fork and all subsequent improvements thereof.
Mass adoption is one of the main objectives of Bitcoin Oil's strategy, and in order to accomplish a meaningful market penetration rate, various key Bitcoin improvements can be considered mission critical in order to eliminate the following weaknesses and flaws of Bitcoin:
Therefore, Bitcoin Oil has developed a whole range of Bitcoin improvements most of which we plan to implement in 2019 by the BTCO hard fork and ultimately lead to a new Bitcoin cryptocurrency based on Bitcoin's blockchain technology. Bitcoin Oil's in-house developers and engineers cooperate with some of the world's largest blockchain development companies enabling us to access hundreds of highly specialized blockchain developers in general and Bitcoin developers in particular who will jointly implement all forthcoming Bitcoin improvements for BTCO in a concerted action.
The centerpiece of Bitcoin Oil and its "Optimally Improved Ledger" (OIL) will be the highly innovative "SSPSS" strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability ("SSPSS"), including but not limited to key new blockchain features such as (i.) minimizing Bitcoin's volatility (i.e. by creating an incentives-based economy), (ii.) drastically reducing Bitcoin's insane energy consumption (i.e. by altering the consensus protocol to PoS), (iii.) implementing true privacy features (i.e. by enabling confidential transactions), (iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least (v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions).
DetailsPublic sales: Jun 20, 2019 - Jul 20, 2019Token supply: 5,000,000,000 BTCO Total tokens for sale: 3,000,000,000 BTCO Soft cap: 10,000,000,000 BTCO Hard cap: 102,000,000,000 BTCO LegalBlockchain Platform: BitcoinRegistration country: Switzerland Registration year: 2019 | Token infoTicker: BTCOType: Cryptocurrency Token price in USD: 1 BTCO = 1 USD Accepted currencies: USD, EUR, CHF |
Bitcoin Oil Roadmap
Platform Idea
The origin of Bitcoin Oil's blockchain platform idea. Development of the concept of our overall business plan.
Elaboration of Platform
Elaboration of Bitcoin Oil's blockchain platform. Integration into a suitable legal model for various jurisdictions. Attracting internal investments from existing partners to pre-finance the initiative. Development of a pilot paper for circulation.
Internal Fundraising
Attracting of further investments from existing partners. Preparation for Bitcoin Oil's company formations. Additional team building.
Attraction of Advisors
Attraction of key international advisors. Further development of the Bitcoin Oil platform concept. Preparations for technical details.
Technical Details
Development of partnerships for technical details. Agreements with key partners and partner companies. Development of more detailed briefing documents.
Preparing for ICO
Formation of Bitcoin Oil's Advisory Board. Internal start of platform concept development. Begin of ecosystem specifications (involving partners). Attending key crypto events for strategic meetings.
Preparing for ICO
Additional preparations for ICO. Engagement of additional legal advisors. Continue the concept development for the platform. Ecosystem specifications continuation (more partners involved).
Hiring Campaign
Begin of Bitcoin Oil's hiring campaign to increase team. Signing LOIs with key blockchain partner firms. Adding more people to the Advisory Board.
Starting Private Presale
Receiving additional funding as part of the private presale. The release of the first Light Paper. Building a developer alliance to support our developments. Working closely with highly specialized Bitcoin development companies.
Conducting Public Presale
Launching the Public Presale of BTCOs. The release of the first white paper. Attending more crypto events and presenting to investors. Preparation for BTCO listings on cryptocurrency exchanges.
Launching ICO
Conducting the ICO sale for BTCO. The release of the first technical yellow paper. Development of further Bitcoin Oil specifications. Definition of Bitcoin Oil integration with partner applications. More detailed briefings of functionality development.
Internal Beta Release
Internal Platform Beta release. Internal Web Wallet and Mobile Wallet Beta versions. Working on the integration of feature releases. Continuation of an active development process. Continuing preparation for BTCO listings on cryptocurrency exchanges.
Hard Fork
The launch of Bitcoin's BTCO hard fork. Distribution of total BTCO supply to all coin subscribers. Conducting distribution of BTCOs to all BTC holders in connection with the hard fork. BTCO listings on various non-U.S. cryptocurrency exchanges. The release of the final version of the technical yellow paper. Further development of additional improvements.
Further Developments
Additional development of more complex improvements. Involvement of specialized partners to develop certain features. BTCO listings on additional non-U.S. cryptocurrency exchanges.
Implementation Additional Features
Introduction of our peer-to-peer micropayment platform. Presentation of our integrated e-commerce solutions Implementation of additional and more complex new features. Further development of additional improvements.
Further Developments
Implementation of additional and more complex new features. Further development of additional improvements.
Project team
Advisors
Social media
