THELOGICALINDIAN - PRESS RELEASE Beyond Oil has clearly launched the Solar Oil Project the blockchain powered decentralized oil assembly belvedere that recycles alone oil wells to aftermath oil while eliminating a abundance dollar ecological nightmare
What the Solar Oil Project does differently:
The Triangle Operation
SOP eliminates third-party arrest acceptance absolute alternation amid the Operators, Manufacturers, and installers.
SOP connects Well owners, Consumers, and Equipment providers thereby basic a triangle anatomy of partnership. It achieves this by accumulation the blockchain technology that operates on a peer-to-peer protocol.
See how the Solar Oil Project works abaft the scenes: https://solaroil.io/due-diligence
The Key Token “SOAX”
This Key account badge to admission SOP, is a stake-able badge that is run on Smart-Contract protocol. The admiration badge grants the users absolute viewership of the accessible Oil Backdrop on the platform, while the users can adjudge to pale the badge (SOAX) on the accessible properties. This triggers several activities in the business world. The Well owners and operators can aerate the staked bulk to advance on the basement and installing the latest avant-garde oil abstraction accessories and tools. The Oil that is produced is after accustomed to the Badge holders who staked on the activity or property.
What Happens With SOAX Token?
The badge can be purchased on the platform’s website via assorted acquittal options including added cryptocurrencies, tokens, and authorization options. Being a non-speculative account token, it has a anchored amount of $0.10 and alone functions as the apparatus to acquiesce accord in the oil able-bodied rehabilitation and consecutive oil production.
Oil produced from these sites is again tokenized and adored to users in admeasurement of their SOAX badge holdings. Solar Oil Production Badge (SOPX) represents the oil from the staked properties, whose amount is affiliated to the Crude Oil Prices Globally and set at 60% of the WTI Crude Oil Price. If WTI retails at $50, the amount of SOPX is $30. However, this is based on the accretion amount that is offered by SOP and not the amount aural assorted exchanges. A butt that is extracted from the SOP apprenticed properties, is equated to 1 SOPX.
The aberration amid the SOAX, and SOPX, is that whereas, SOAX can alone be purchased from SOP, SOPX badge may eventually be offered or traded on assorted accessible exchanges thereby acceptable The Alone Accessible Decentralized Badge that is backed by absolute article production.
How Smart Contract Comes in
The acute arrangement checks anniversary portfolio circadian to appraise the bulk produced. The gain are again fed to the SOP arrangement for validation. The accepted oil assembly is abstinent with a metric alleged ‘BPM’ or ‘Barrels per Million SOAX Tokens’, while its bulk ranges amid 1.5 to 3.5 BPM. This agency for every 1,000,000 SOAX staked in the platform, the activity expects to aftermath 1.5 to 3.5 barrels of oil per day. However, the bulk is not connected and fluctuates generally depending on assorted factors. The acceptable affair is that the absolute action is automatic and requires no animal intervention. For anniversary barrel, 1 SOPX is created and accustomed to the stakeholder’s annual in admeasurement to the alone staked amount.
Token holders can advertise or authority SOPX Token at the prevailing amount and accept BTC or ETH Equivalent. After actuality awash this way, the tokens are either destroyed or austere to exhausted bazaar inflation, manipulation, and saturation.
That is how SOP intends to break the challenges accompanying to oil abstraction and assembly by authoritative abiding that every actor gains.
For added Information about SOP, get in blow via https://solaroil.io
About Beyond Oil™
Led by Chief Strategy Officer Hitesh Juneja, aims to alteration the activity area from deposit fuels to added acceptable blooming activity overtime in a address that is practical, and does not account the bread-and-butter or ecological abuse that abrupt and affected changes ability cause.
Beyond Oil
17918 Blueridge Shores Dr.
Cypress, TX 77433
USA
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