(ICO) Permian (XPR) - Digitizing Oil Campaigns - Revolutionizing oil trading via blockchain
PermianChain Technologies Inc. is a FinTech startup based in Toronto, Canada with presence in the United Arab Emirates through its joint venture with Permian Holding SPV Ltd., a limited company based in the Abu Dhabi Global Market (ADGM).
PermianChain signifies the recognition of the Permian Era, by harnessing blockchain technology to capitalize on the world’s fossil fuels by turning exploration and production campaigns into investable digital-assets. The PermianChain team is made up of ethical and competent professionals with expertise and backgrounds in Oil & Gas, Finance, Law, Investment Banking, IT & ICT, Blockchain, Data Science and Marketing.
To operate a blockchain enabled Platform-as-a-Service (PaaS) and Trust-as-a-Service (TaaS) for issuing digital-assets against proven oil exploration & production campaigns, allowing our stakeholders to benefit from increased transparency, efficiency and profitability.
To eliminate the high barriers to entry and introduce more sustainable
financing & investment solutions for the exploration &
production of proven natural reserves globally
The first Shari’a Compliant digital-asset designed to provide equity in proven oil campaigns in which the PermianChain platform approves. With XPR, we have created an innovative, new method of investing in oil and gas campaigns, increasing efficiency preserving wealth, and providing liquidity and transparency never-before-seen in the oil and gas investment space.
Offers ongoing trading and liquidity for the Permian Token (XPR). Optimized with an exit facility for token buy-backs, which provides more convenient exit options for higher liquidity potential.
An off-line crypto-account to preserve and safeguard your digital assets (compatible with all ERC20 tokens, Ethereum and Bitcoin).
What you get?
- The most affordable crypto vault on the market.
- A ready-to-use account without setup complications
- A mechanism for retail and businesses to accept digital payments.
- The ease of sharing accounts between family offices and/or small organization
Buy your Permian Vault today with any of the following payment methods
Permian Investor – is your dedicated dashboard allowing you to manage direct investments in proven oil campaigns. The dashboard includes real-time charts, tracking of underlying reserves, metrics, key performance indicators (KPIs), and more.
Permian Supplier (XPS) – allows upstream companies to efficiently raise capital under a Security Token Offering (STO) framework. This optimizes business models for the development and production of proven reserves.
Permian Trader (XPT) – allows midstream companies to buy reserves and track the progress of production, including rapid order processing, Smart Off-Take Contracts (SOTC), crypto-payments, and more.
Permian Messenger – is a fully integrated messaging system enabling communication between parties for more transparent and convenient commodity trading and deal-making.
Pipeline of Oil Campaigns
Sourced pipeline of potential oil & gas campaigns to be listed on the Permian platform.
The Permian Token (XPR) idea is initiated to democratize direct oil & gas investments and Tokenize proven oil reserves.
Launch of XPR Dashboard and XPR Wallet.
June - July 2018
Deployment of XPR smart contract as ERC 20 token.
Partnered with Gulf Energy Corporation Ltd. and Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP stages.
Launch of Stage 1 of the Initial Token Offering.
October - December 2018
Close Stage 1 and launch Stage 2 of the Initial Token Offering. Completion of PermianChain platform prototype, MVP and Exit Facility.
Finalize due diligence on already identified proven oil reserves.
Approve due diligence of existing acquisition targets and open network consensus to XPR Expert Community.
Deploy capital towards approved acquisition targets with over 211,000,000 Barrels of Oil Equivalent (BOE).
open submission for oil companies to list their proven oil reserves and issue additional XPR on the PermianChain platform.
Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing XPR community to track investment activity and development progress.
Q1 2020 - Q2 2020
Secure partnership with gas stations globally to accept XPR as a form of payment. Create 'PermianCard' for the XPR community to use as payment at gas stations globally.