One of the most significant challenges of emerging markets is their ability to hire, train, and develop regulatory officials. In particular, finding and developing the officials to oversee and administer taxation affairs is a key concern. The application of tax laws to different pieces of the value chain is extremely complex and an overbearing burden for many developing countries. The application of blockchain can alleviate this acute pain point for developing countries and provide confidence in the application and regulation of their resource regime.

PermianChain will use the XPR as a tokenized digital currency backed by Proven Reserves that are yet to be produced (e.g. 200 XPR token * $0.10 = 1 barrel of oil at Proved Undeveloped (PUD) price of $20). A smart contract option agreement would be created for each barrel in reserve creating a base price per coin, which in turn creates a minimum fixed price per barrel. This allows buyers to quickly and easily buy & exchange crude oil value. With direct fulfillment from suppliers, broker dependence is reduced and allow buyers to purchase supply much cheaper than traditional methods.
XPR holders will have access to an Exit Facility on the PermianChain platform, allowing trade and liquidity of XPR tokens (granting XPR holders rights on proven reserves).
Approximately 7,000,000,000 XPR of the 10 billion generated supply is released to market via the PermianChain exchange (closed-loop-B2B-exchange). Due to initial discounts on barrels of Proven Undeveloped Reserves (PUD) standing at around USD 20.0 per barrel, buyers quickly buy available XPR supply (through a fiat exchange using wire transfer module).