 | Permian (PMN)ICO Permian Token (PMN) Democratizes direct oil investments by eliminating the high entry fees and layers of bureaucracy that historically been a barrier to entry. 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 Permian
The PERMIAN Token ( XPR ) will be listed on crypto exchanges where the PMN will be liquidated and traded.
Each PMN Token will be equivalent to one barrel of oil. Holders of PMN Tokens could redeem their PMN for fiat currency based on the production of oil and offtake of oil barrels.
Redemption is not guaranteed. However, PMN tokens will be listed on crypto currency exchanges should PMN holders require immediate liquidity based on listing prices.
With this in mind the intention is to increase PMN participants token value and the Return on Investment (ROI) as PERMIAN tokenize proven oil reserves with the PMN Token.
DetailsToken supply: 8,000,000,000LegalBlockchain Platform: EthereumCountry limitations: China,Singapore,United States | Token infoTicker: PMNType: Utility-token Token price in USD: 1 XPR = 0.1 USD Accepted currencies: USD ETH Bonus program: Pre-ICO: $5,000 - 10% discount $10,000 - 15% discount $20,000 - 20% discount $40,000 - 25% discount $50000 & above - 30% discount ICO: 0% discount Token distribution: 80% - Total Tokens Offered 10% - Treasury Reserves 5% - Team Reserves 2.5% - Advisor Reserves 2.5% - Bounty Program Funds allocation: 50% - Blockchain Development 44% - Proven Oil Reserves 3% - Research & Development 2% - Human Capital & Adminstration 1% - Marketing & PR |
Permian Roadmap
Secure partnership with petrol stations globally to accept Permian Token as a form of payment.
Create 'PermianCard' for the XPR community to use as payment at gas stations globally.
Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing users and investors to track investment activity and development progress.
Open submission for upstream exploration & production companies to list their proven oil reserves fir the future issuance of Security Tokens on the PermianChain platform.
Deploy capital towards approved oil campaigns with over 2,000,000 Barrels of Oil Equivalent (BOE) in proven reserves.
Finalizing all disclosure documents for investment process and filing with regulators for Private Placement Offering and Security Token Offering (STO).
Produced dedicated hard vaults for storing Permian Tokens (XPR) for secure transaction process.
Signed Memorandum of Understanding (MoU) with Schedule 1 licensed bank in Canada for digital custody integration on the PermianChain Platform.
Received Shari'a Certification to recognize the PermianChain and Permian Token (XPR) as compliant with Shari'a law and ethical investment practice.
Commence due diligence on already identified proven oil campaigns.
Finalized developer training with IBM Hyperledger Fabric team for MVP development.
Completion of PermianChain platform prototype, commencing of MVP development stages and appointing global legal specialists for review and finalizing of all disclosure documents and regulatory requirements.
Completed Permian.io website with new branding, new message and a newfound mission to digitize the world's proven natural reserves.
Started the Technical White-Paper, Technical Architecture and technical development roadmap for the PermianChain platform.
Partnered with Gulf Energy Corporation Limited to establish quality deal-flow and operational know-how in oil & gas exploration & production campaigns.
Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP stages.
Deployment of Permian Token (XPR) smart contract as ERC20 token on the Ethereum network.
Developed the Permian Token (XPR) Dashboard and e-Wallet
Advisors
Social media
