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Description

Description


The basis of the project is the OilWell platform, which is designed to promote the liberalization and transparency of processes in the oil product market. The strategic goal of the OilWell project is to introduce innovative blockchain-based financing mechanisms into the oil production, refining and marketing industries, which will reduce the threshold for investors to enter the business and increase capital inflows into the industry. OilWell platform will allow anyone to become a member of the oil business.

Full Name OilWellCoin (OILD)
Start Date N/A
Algorithm ETH Token
Proof Type N/A
Website https://oilwellcoin.io
Twitter @oilwellcoin
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


The basis of the project is the OilWell platform, which is designed to promote the liberalization and transparency of processes in the oil product market. The strategic goal of the OilWell project is to introduce innovative blockchain-based financing mechanisms into the oil production, refining and marketing industries, which will reduce the threshold for investors to enter the business and increase capital inflows into the industry. OilWell platform will allow anyone to become a member of the oil business.

Team:

  • Alan Kokaev: CEO. 
  • Magomed Khadisov: CFO. 
  • Musa Jamalkhanov: CPE. 
  • Sarkis Darbinyan: Lawyer. 

OilWellCoin Pre-ICO began on March 22, 2019, and ended at June 24, 2019. OilWellCoin ICO began on July 8, 2019. The ICO token supply represents 65% of the total token supply, so there is a total of 10,400,000 OILD tokens available (including Pre-ICO), for 5 USD. The ICO funding target is 10,000,000 USD and is expected to end on December 9, 2019, or when the funding cap is reached. Any unsold/remaining tokens will be destroyed.

Token Reserve Split (35%):

  • 12% Bonus to the project team;
  • 8.5% Bonuses to Token Sale members in the early stages;
  • 7% Compensation to advisors;
  • 4.25% Bounty program, referral program, and Airdrop;
  • 3.25% bonus to investors at the PreSale stage.

OilWellCoin ICO features a bounty campaign and the following bonus structure.

Bonus Structure:

  • PreSale 50%;
  • 1-day Token Sale 30%;
  • 1 and 2 weeks of Token Sale 20%;
  • 3 and 4 weeks of Token Sale 10%.
ICO Status Ongoing
Token Supply 16000000
Start Date 2019-07-08
End Date 2019-12-09
Fund Raised (BTC) N/A
Fund Raised (USD) N/A
Start Price (USD) 5
Security Audit Company N/A
ICO Legal Form Corporation
ICO Jurisdiction Singapore
Legal Advisers N/A
Blog https://medium.com/@oilwellcoin
White Paper https://oilwellcoin.io/storage/settings/March2019/ruNGHth8oUmfQdYkXjRC.pdf
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