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Showing 20 of 93 results by chickensoup1
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Topic
Board Altcoin Discussion
Re: What do investors think about ICO?
by
chickensoup1
on 09/10/2018, 21:49:59 UTC
Adoption of blockchain technology will enable faster, permissioned, immutable, transparent and auditable business-to-business interactions between companies and their suppliers, distributors, financial institutions, or regulators. We recommend that businesses consider the
following steps to get the most value from blockchain:

• Position your business operation as an early adopter by:
– Identifying the most compelling use cases by considering the highest-value opportunities
– Identifying discrete areas where the attributes of blockchains drive rapid impact
– Using design thinking to simplify the user experience and create agile proofs of concept to drive rapid adoption

• Collaborate broadly to achieve globally accepted standards by:
– Exploring the role of alliances and how profit pools might be redistributed. Then, decide on your role in building and piloting broader business networks
– Consider the blockchain as the new business environment and collaboration as the optimal way of working, then consider with whom you should partner to create the optimal business network

• Scale lines of business with clear revenue models by:
– Looking for new sources of revenue as business models are disrupted by blockchain, for example, consumption-based pricing, licensing and micro-charges and payments
– Exploring how new blockchain-based services and apps can replace, complement or
scale existing revenue models
– Understanding how blockchain might extract further value from other technologies, such as big data analytics, the Internet of Things, cognitive and cloud computing.A major portion of the funds raised from the Permian Token (XPR) initial token offering will be dedicated to acquiring hard assets with Proven Reserves (the “Reserves”) by making a direct investment into existing upstream and midstream companies. The Proven Reserves are the reserves that are explored and identified as an estimated quantity of all hydrocarbons statistically defined as crude oil or natural gas, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.

The acquisition targets and existing and future portfolio companies will be listed on the PermianChain platform (“Platform Prospects”). XPR tokens will be issued in proportion to the available offerings. Platform Prospects applicable for listing on the PermianChain platform are mainly upstream businesses or public entities with proved undeveloped reserves and existing oil campaigns. The Reserves, once produced, will be sold to the midstream companies on our closed-loop-B2B-exchange via blockchain (PermianChain).


The Company is currently working on the development of a trust protocol for the oil & gas industry with distinct purposes:
a) The first purpose serves as a private trust protocol which traces XPR holders’ interest in the Reserves. The ledger provides information on oil production, oil supply, oil demand and other traces of the underlying Reserves in question.
b) The second purpose is a Blockchain-as-a-Service technology (BaaS) which will serve as a closed-loop-B2B-Exchnge for oil & gas companies (the “PermianChain”). The PermianChain will streamline exploration, production and shipping of oil via blockchain, smart-contracts and multi-signature features.

The third purpose of the PermianChain is to integrate an oilfield Artificial Intelligence and Blockchain for the purpose of generating data that would allow for more
sustainable methods of oil exploration and production. Integrating an upstream artificial intelligence and eventually midstream and downstream components.

d) The fourth purpose of the PermianChain is to allow continued future developments of our technology to trace proven natural resources beyond oil & gas, to allow the world access to proven natural resources.
Post
Topic
Board Altcoin Discussion
Re: Energy based blockchain projects
by
chickensoup1
on 09/10/2018, 21:46:40 UTC
Yes, mate you are right. I have known something about the PERMIAN.

When the price of crude oil is low, the high cost of upstream oil exploration and development coupled with downstream efficiency challenges forces most companies to reduce costs, almost to the point of sacrificing their future. We believe that a step change is needed in how chemicals and petroleum companies conduct business transactions. Blockchain is more than just a disruptive technology. It represents an opportunity for chemicals and petroleum companies to increase their profitability in today’s economic environment and well into the future. Permian has a deep understanding of the regulatory issues for chemicals and petroleum companies and what is required to move this next generation digital transformation forward. In the future, as blockchain-enabled business transactions become more sophisticated, business and industry networks could evolve into self-governing cognitive business networks and reduce the cost of payment transactions by an estimated 30 percent.2 Much more than a technology to automate business transactions, blockchains create a new model for trust by establishing transactional relationships between businesses via smart contracts, certifications and digital compliance. Permian is committed to developing blockchain solutions that are open, scalable and contain security features that are critically important to building business networks, such as the ability to register participants with proof of identity. Permian demonstrates this commitment by being a leading contributor to the Hyperledger Project - the Linux Foundation’s open source project that is developing the permissioned blockchain fabric that meets these needs and more. With the Permian Token we developed a solution to solve the working capital requirements of oil exploration & production companies and oil exploration and production economies, meanwhile democratizing the direct investment sector for the average investor.

The result, allowing seamless and transparent reporting of our world’s energy reserves and oil transactions under an immutable trust protocol (the blockchain). The PermianChain also solved theoretical and technological issues of oil exploration & production by allowing public and private sector to sell proven reserves yet to be produced via blockchain technology under a closed-loop-B2B-Exchange (the “PermianChain”). The PERMIAN Token Offering will launch 10 billion XPR tokens. It is our intention that at least 8.0 billion XPR will be sold during the Initial Token Offering (ITO) stages at $0.10 per token. Where we anticipate that 87.5% of the funds raised will go into oil campaigns and acreage with proven reserves. Whereas over 6% will be used to invest in continuous technology including blockchain and artificial intelligence for oil & gas exploration and production. Therefore, the total value of circulating XPR will eventually equal to the total value of Proven Reserves that are listed on the PermianChain.The XPR token offering will issue up to 8,000,000,000 ERC-20 tokens for investor contributions. Meanwhile, we will keep 1,000,000,000 tokens for treasury reserves to fund the community’s energy initiatives, mainly for geologists and oil & gas experts who have solid data and studies to work on.

The XPR tokens will be backed by Proven Reserves that are identified by the oil campaigns that the XPR will invest in from the funds raised during the Initial Token Offering (referred to as “Oil Campaigns”) and by the oil exploration and production companies that list their own Oil Campaigns and Proven Reserves on the PermianChain platform (referred to as “Platform Prospects”). PermianChain tokenizes Proven Reserves to support Permian Token (XPR) related assets and operations. XPR enables digital transfer of underlying assets value in the form of digitized value of oil under standard conditions. Thus, allowing the utilization of XPR's substantial physical and Proven Reserves as a means to facilitate commercial and consumer transactions around the world. As a reserve digital currency, we expect XPR will become a critical instrument for preservation of wealth and an ever expanding range of commercial and consumer activities using blockchain technology for digitized store of value.
Post
Topic
Board Speculation (Altcoins)
Re: Most promising projects in 2018
by
chickensoup1
on 07/10/2018, 10:57:11 UTC
Oil and gas is sold in large volumes and as such entail significant value, not unlike the size and scale of transactions between banks. The frequency of transactions is also high; for example, a 300,000 barrel per day oil refinery will need to source a large crude carrier every week to maintain adequate volumes, and cargos can cost as much as USD 100 million (two million barrels at USD 50 per barrel). Oil companies also need to be aware of where crude is ultimately sourced. Some exporting nations are from time-to-time under sanctions to prevent trade in this commodity. Blockchain could provide a fully transparent and secure record of the entire supply chain. Using a distributed ledger, digital tokens can be used to represent the asset being transacted. These tokens can be issued by a trusted authority for the needs of the companies or participating parties; for example, if oil and gas companies used a blockchain ledger to buy and sell barrels of oil, transactions could include digital tokens named Brent or WTI. These tokens would represent the underlying asset of a barrel of oil and would remain digitally attached throughout its supply chain journey. Currently, around nine percent of crude oil transactions are disputed, which equates to around USD 150 billion each year. By using tokens in a blockchain, payment could be processed more quickly, paperwork such as title transfers would be eliminated, and disputed transactions could be significantly reduced. It is important to note that the token being exchanged will be subject to gains or losses based on the strength of the underlying fiat (local) currency. If 50 WTI tokens are purchased using US dollars, the value of these tokens are exposed to fluctuations in the US dollar. As the use of cryptocurrencies increases, governments are forming positions on the taxation implications of cryptocurrencies and their exchange for fiat currency.

Once an XPR is bought, it can be then liquidated via a the PermianChain Exit Facility or used by midstream companies to claim their rights for the associated barrels of crude oil from the PermianChain platform. Daily production by the suppliers determines how many XPR can be used to claim oil per day. Once an XPR token holder exercises her rights and the transaction order for the barrel is filled, the XPR token will be returned to Treasury and re-listed with new Platform Prospects upon listing Proven Reserves. Blockchain validates each transaction, rights claim and supplier fulfillment for security and transparency on the platform. Shipping logistics would be streamlined as well through the use of digital wallets. Each wallet is registered to a specific buyer and contains that specific buyer’s drop-ship location. Whenever XPR token is exercised for a barrel of oil, the blockchain protocol knows exactly where to ship the order and can calculate shipping / logistic cost to deliver the barrel to the designated location specified in the wallet. This would ultimately reduce cost and streamline business operations for upstream and midstream companies. Thus, increasing the value / price of each XPR, and providing immediate income for the supplier. This could have positive future developments that should potentially allow PermianChain to prove sources of oil and decrease corruption and smuggling of oil as a result of war-torn countries around the world. For the meantime, the PermianChain is a needed solution for the cash flow gap faced by oil companies and for oil producing economies to reduce their risks of deficits.
Post
Topic
Board Speculation (Altcoins)
Re: Which coin now you think had a good future
by
chickensoup1
on 07/10/2018, 10:51:13 UTC
Economic markets have a custom of not shifting in straight, vertical positions. They raise in price suddenly and then experience a brief period of decrease as traders sell off their positions, followed by another raise and decrease. The market comes up and down clearly when looked at from a long-term time-frame, but when you are trading hour by hour, they cannot afford to watch a losing position fall further and further into loss.

Market way was a clear warning sign for investors. Market way is crucial and lets you know whether you should be looking to purchase coins, take profits or move to cash. In a confirmed uptrend, most coins/tokens are likely to increase and leading coins are more likely to deliver huge gains. In a bear market, even top-rated projects find it hard to make headway. When the market is under pressure, breakouts may happen but are more likely to fail, and other leading coins struggle.

There are several likely reasons behind the decrease. Goldman Sachs has been one of the major banking institutions which had showed real interest in Bitcoin, having funded Bitcoin startup Circle back in 2015, and reportedly mulled the idea of launching a crypto trading desk since late 2017.  While the concern that institutions are mislaying interest in cryptocurrencies is a valid enough reason for caution, crypto traders become visible to be more concerned about dangers hiding in the shadows of black-market platform Silk Road. A Reddit user has pursued more than 111,000 thousand bitcoins (worth more than $700 million) associated with Silk Road, that have recently been transferred to wallets of various online exchanges, possibly with the purpose to sell. Huge amounts of bitcoins being moved to exchange wallets give traders the shakes, as it likely means a lot of selling pressure on the price. In any case, the crypto market's upward momentum that started August has been brought to a screeching halt. The crypto world is still eagerly awaiting SEC's decision on a few proposed Bitcoin ETFs, which should come in late September, A positive ending to that could finally give the crypto market the kick in the butt that it needs, while a negative one would likely drive the prices even lower

We look at history when we intend to make a prediction about future events. Have there been any similar incident in the past? How did the incident end? Many people believe the future can be predicted partially. In late 2013, The price of Bitcoin went from $100 to about $1,000 after a series of very positive events (culminating in the famous Bitcoin Lovefest Senate Hearing). Many of the current cryptocurrency blockchain founders were apart of the industry, but only really got serious about the industry after this event. What followed this was a long bear market that didn’t fully bottom out until January of 2016, and didn’t fully recover until 2017. While the industry kept active and continued to innovate, the market didn’t reflect this change until 2017.bIf we look at what the overall market looks like today, it’s easy to see a resemblance to this event I’m not one to rely on similar looking charts to make decisions about a market, but the circumstances and the subject matter are too similar to chalk up to coincidence.

INGOT Coin (IC) aims to integrate the traditional financial industry with the blockchain innovation by offering a complete Ecosystem that provides crypto holders the access to all financial services. The first of all-inclusive Ecosystem will be the pioneer in linking the crypto universe to the current traditional world. INGOT Coin will comprise an unique solution by integrating 6 basic components of financial ecosystem and providing a one-stop-shop for the digital asset, traditional asset and currency markets to solve challenges by creating a link between the crypto market and the traditional market. The IC Ecosystem will establish 6 different components to work hand in hand under one umbrella, proving all community members the chance to capitalize on upcoming opportunities in all markets. The Ecosystem’s components, as shown below, are the  IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank IC Certifier and IC ICO Accelerator.

INGOT Coin aims to create an unprecedented, a first-of-its-kind revolutionary ecosystem based on Blockchain technology that will link newly developed crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs. Among that background, they are constantly hard at work, try to intensify the formation and reach of INGOT Coin throughout the world. INGOT is creating an interrelated global community of trust and collaboration with its highly obvious platform. INGOT is balanced to give power back to the people by making them take total control of their finances.
Post
Topic
Board Speculation (Altcoins)
Re: BEST ICO for 2018
by
chickensoup1
on 03/10/2018, 21:03:54 UTC
Most cryptocurrencies lack a significant user base and market capitalization. Many are junk. They have long been abandoned and are not listed on market price indices With the launch of hundreds of new cryptocurrencies daily, some are destined for a Bitcoin-style explosion, yet the vast majority will flop, crash, and burn. So is there a magic formula for the success of an ICO? INGOT Coin has been followed a number of ways to measure “success”.

INGOT Coin has been created a first -of-its- kind blockchain ecosystem by INGOT Group that promises to link the existing financial markets and the rapidly emerging crypto markets like never before. INGOT Group claims that this specialized ecosystem will make the customers more confident and increase market liquidity, while providing more efficient market pricing and access to funds for a wide variety of stakeholders. INGOT Group, a multi-industry company with industry-specific professionals, is all set to bring about a groundbreaking impact on the existing financial markets. By creating a revolutionary blockchain based ecosystem named INGOT Coin (IC), they have finally made it possible to build a new pathway between the crypto and the current traditional market participants, enabling them to diversify their portfolio in an efficient and secure manner.

From first day to today, INGOT Coin always targets to be the bridge between cryptocurrency and traditional financial markets through its platform, banking services, and IC brokerage. Estonia stationed, Ethereum blockchain based ecosystem aims to revive lost unity and demands to both markets through the establishment of 6 components that work together, under a single roof.  Aim of INGOT Coin is to create an unprecedented, a first-of-its-kind revolutionary ecosystem based on Blockchain technology that will link newly developed crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs.

INGOT Coin has already started to shape the future of the financial markets by collecting soft cap, receiving over $40,000,000 USD. INGOT Coin team is grateful for investors’ trust in INGOT Coin project and proud to launch a decentralized financial ecosystem together with you. The ultimate goal is always reaching higher at INGOT Coin, so the hard cap is determined where INGOT Coin needs to reach.

Marketing has the power of determining the future of the world. Marketing strategy of INGOT Coin is to send the right message to the right people at the right time using the right channel. INGOT Coin achieves this will live till another age of evolution. INGOT Coin believes to invest in values that people care, environment, and ecosystem to use for a long term.  INGOT Coin provides multiple social networks, so potential investors and customers can become better acquainted with INGOT Coin service. This is one of the main benefits of INGOT Coin marketing ability.

Community is the backbone of a Project in the crypto world. INGOT Coin uses Telegram to organically gather thousands of people to own community and the INGOT Coin Network Telegram Community reached the 100,000 Telegram members in last period. INGOT Coin accomplished this milestone in a remarkably short amount of time. This is important because decentralized projects are literally powered by their communities.

Besides the marketing power of INGOT Coin, Project team has established alliances and strategic partnerships across industries in order to enable knowledge creations as well as gaining diverse perspectives from every side of the spectrum. INGOT Coin aims to cultivate a coordinated global positive community and cooperation on which the basis of integrity and transparency among its members. The perspective and plan of INGOT is to offer the community with real Utility value whether Bitcoin is at low or high level. To achieve that aim INGOT has partnered with multiple ICOs in order to provide numerous Utilities with an access from one platform. INGOT Team are working to expand further, reaching out to larger audiences and achieving the next goal (hard cap), amongst having numerous existing partnerships  – Trade.io, GMEX Group, MFCHAIN, Swachhcoin,  Xchain, ICO HOLDER, Coin Traffic, Zichain, Place Torrent, Bolttcoin, Hackernoon, Stella, and Bineuro. The Alliance believes that by bringing together different ICOs from different industries such as health, insurance, financial services, E-commerce and real estate, and combining the different existing Utility Functions a new meaning to Utility will be created.

The Ingot Coin group is defined to make Ingot Coin rating between the top ten cryptocurrencies all over the world. Among that background, they are constantly hard at work, try to intensify the formation and reach of INGOT Coin throughout the world. INGOT is creating an interrelated global community of trust and collaboration with its highly obvious platform. INGOT is balanced to give power back to the people by making them take total control of their finances.
Post
Topic
Board Speculation (Altcoins)
Re: Best ICO to invest (2018) ?
by
chickensoup1
on 30/09/2018, 23:27:56 UTC
Understanding land provenance and reported value can be difficult and multiple records of conflicting ownership and value can exist within independent silos of data. There is often no accurate history of the transactions. In this mostly paper-based environment, land transactions are highly susceptible to fraud, especially in countries with higher levels of corruption.  Blockchain technology can be employed to resolve this problem and is being trialed in certain countries, such as Georgia and Ghana, which experience high levels of undocumented land ownership and land seizures. Applying the same model to the oil and gas industry by recording sales and transfers of land in a blockchain will create an immutable audit trail of land movement, value, and ownership. This will reduce the occurrence of lost or mismatching titles, ownership disputes, and provide tax authorities with transparency in respect of land transactions, recording accurate transfers of value as they occur in real time.

The potential uses of blockchain are wide and varied, and the technology is becoming more prevalent. In the oil and gas industry, like many others, companies may face the choice of deciding whether to pioneer new technologies and in the process disrupt their own business model and industry, or to continue to focus on their core business and wait for the market to be disrupted by others. The pace at which blockchain will be adopted and will disrupt markets is unclear, and may be decided, to some extent, by the largest companies that will need to work together to drive innovation and solutions due to the global and collaborative nature of blockchain. Potential considerations for oil and gas companies are to set up or join working groups to explore blockchain and its potential applications or to launch a trial with an existing trusted business partner to better understand blockchain and the value it could create.

The XPR token offering will issue up to 8,000,000,000 ERC-20 tokens for investor contributions. Meanwhile, we will keep 1,000,000,000 tokens for treasury reserves to fund the community’s energy initiatives, mainly for geologists and oil & gas experts who have solid data and studies to work on. The XPR tokens will be backed by Proven Reserves that are identified as part of the oil campaigns that the XPR will invest in from the funds raised during the initial token offering of (referred to as “Oil Campaigns”) or as part of the oil exploration and production companies that list their own Oil Campaigns and Proven Reserves on the PermianChain platform (referred to as “Platform Prospects”). PermianChain tokenizes Proven Reserves to support Permian Token (XPR) related assets and operations. XPR enables digital transfer of underlying assets value in the form of digitized value of oil under standard conditions. Thus, allowing the utilization of XPR's substantial physical and Proven Reserves as a means to facilitate commercial and consumer transactions around the world. As a reserve digital currency, we expect XPR will become a critical instrument for preservation of wealth and an ever-expanding range of commercial and consumer activities using blockchain technology for digitized store of value.
Post
Topic
Board Speculation (Altcoins)
Re: Next big ICO
by
chickensoup1
on 30/09/2018, 11:11:25 UTC
Cryptocurrency investor Brian Kelly, states on CCN “Referring back to the basic rule of investing, Kelly noted that during a period in which the market is extremely bullish and optimistic, it is better to sell and eye a timely opportunity to enter and when the market is overly pessimistic, it is wise to look for a position to enter.”

Bitcoin originally was supposed to offer an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. Market participants changed from geeks and believers in Blockchain to funds and investors looking to make profit with the uptrend volatile market. This led people to ignore the primary function of Bitcoin which was to efficiently transfer money over the internet with no control from central banks.

This is affecting the whole markets including the new ICOs and tokens. New ICOs and tokens are simply being invested in to sell once listed and gain whatever discount rate the ICO is offering. Most of the time these tokens are tied to the price volatility and movement of Bitcoin and Ethereum. INGOT Coin has been studying the market carefully in order to develop in ways that separated from Bitcoin and Ethereum as well as their price volatility

INGOT Coin intends to foster building an interconnected global community of trust and cooperation on which the basis of honesty and transparency between its members exist. INGOT is well on its way in making a breakthrough in Crypto & financial markets by presenting a revolutionary gateway towards an all-inclusive environment. The vision and aim of INGOT is to provide the community with real Utility value whether Bitcoin was at a new low or high. To achieve that aim INGOT has partnered with multiple ICOs in order to provide numerous Utilities with an access from one platform. INGOT also does not base their coin on Ethereum or Bitcoin but rather on USD value.

The ICOs are all in different industries from Health to Financial services and E-commerce to Real Estate. INGOT Coin, GMEX-Group, BolttCoin, Modern Finance Chain (MFChain), SwachhCoin, Black.Insure, PlaceToRent (PTRT), Bineuro and Stella have all formed a unified front under one alliance. The group of ICOs along with GMEX plan to establish a single platform that will allow all their communities to use their utilities simultaneously. Furthermore, plans of enabling different discounts among each one of the ICOs is being discussed in order to give edge to all participants.

Providing all those different Utilities through one gateway will provide true value to the tokens and the end users. In giving real utility to different tokens and access from one point it is clear that the latter will be the value of the tokens and not the price and volatility of Bitcoin and Ethereum.
Post
Topic
Board Speculation (Altcoins)
Re: Best cryptocurrency to invest in 2018
by
chickensoup1
on 28/09/2018, 11:08:52 UTC
For all these dapps’ relative outcome, it must be said: daily user-bases of a few hundred or a few thousand are ridiculously small compared to those of the biggest centralized apps — Facebook has well over a billion daily active users.

The Ethereum Network is on-going into congestion issues once again. The cryptokitties Dapp locked up the system a few months back, but now even Binance has increased fees in the wake of the new traffic jam. Solutions tests are in the works, but they have no specific timeline and are arguably not proven to be possible. With Ethereum running at full capacity, Dapps may be forced to look for solutions to their problems before Ethereum’s issues shut them down completely.

The dramatic increase in GAS fees is attributed to the viral popularity of a slew of games emerging from online forums. While not as prejudicial to Ethereum transaction throughput as CryptoKitties, these new dApps have amassed over 26,000 transactions in 24 hours, causing GAS costs to double in price to $0.02.The spike in Ethereum dApp game interest has demonstrated the fragile nature of the Ethereum blockchain, illustrating the impact of a relatively small increase in transaction throughput on the capacity of the network. Ether Shrimp Farm, one of the most popular games causing network congestion, places players in control of a virtual shrimp farm with the goal of optimizing shrimp production, ultimately trading eggs for ETH.

New solution of Quantum-Secure Blockchain

TIM is GPS united with blockchain. And this changes everything. It exponentially upgrades the performance of permission-less agents by a new consensus mechanism based on geomining. The dapps become hyperlocal and geo-location aware. This boosts security and experience. The MVP network, at BitPost, provides 100k+tps capabilities for token transactions, smart contracts, IOT array operations scalable to 100M tps. TIM network is automatically and dynamically managed by swarms and geo-mining for load distribution, fraud detection and network operations.

A multi-zone blockchain running on specialized proof of belongingness based swarm defense app mechanism. Along with standard dapps, TIM blockchain provides hyperlocal geo-fenced dapps for economical and performant system of utility dapps. The defense mechanism works by a swarm of community apps which are run through communities or organizations with special smart contract with TALKING Foundation for providing a useful service along with proof of location for geo-mining

The blockchain can handle all natural dapps like transaction, insurance, speculation, contracts etc. In addition to the above dapps, TIM can also host geo-fenced dapps which boosts the security and privacy.

TIM will have 1.1 billion tokens and normal production rate of 0.01 tokens per second per DAG. The production rate will be regulated by foundation to match human population. The notion of matching human population is for promoting a philosophy of growth. The tokens will be rewarded in new blocks every 5 seconds. The token will be assigned over all the main network for winning nodes of each of the zones. Therefore, the rewarded tokens would be mostly fractional. This is called micro-distribution. These reserved for various kinds of econometric agenda. The major share of pre-mined tokens is reserved for impact investments. TIM foundation has deep interest in propagating DAPPS for impact work for Africa development through various entrepreneurship initiatives. Apart from development expenses, a stability fund from TIMs are reserved by TIM Foundation for helping crypto-currency growth initiatives or helping starved projects. Stability funds can also be used for merging desirable networks to increase development resources or defences for the TIM.
Post
Topic
Board Speculation (Altcoins)
Re: What is the best altcoin
by
chickensoup1
on 28/09/2018, 10:55:11 UTC
"We at HIT Protocol, the new blockchain-based initiative developed by iPowow, are creating an innovative new ecosystem for TV and video viewers, networks, shows and brands designed to inspire and incentivize a balanced and robust community of global users. The success of any tokenized economy fundamentally relies on a carefully orchestrated balance, so we’ve brought together an inclusive array of options for specific activities with commensurate rewards, corresponding to all vital roles in our protocol for incentivized engagement in media. The ecosystem is fueled by HIT tokens, being distributed to viewers as rewards for watching and engaging with their favorite shows. At the same time, as HITs travel around the network, they collect data that is invaluable to advertisers and TV networks in knowing their audience.Get Started
The entrypoint for all viewers to access their HIT balances is the “HIT Account.” To start, adoption incentives are offered for signing up to the platform, creating a profile, and referring others. Data incentives are also offered for viewers who opt-in to provide their viewing and interaction data to support their favorite shows. This provides valuable data to brands and show creators. Gamification incentives are offered for competing on participation leaderboards, and achieving consecutive login streaks. We include milestone incentives for those reaching and maintaining HITs balance milestones and leveling-up their profiles. This encourages viewers to keep track of their HITs and engage in opportunities to increase their numbers.
In addition to driving engagement and participation, fans have the opportunity to create social profiles to display their earned recognition for activity in the community. The most dedicated and active participants of the HIT community will also be first in line for feature and content test groups as the platform develops and grows, encouraging healthy competition among users.
Earn Rewards for Watching & Engaging
Viewers earn HITs by watching and interacting with shows and ads. Poles and contests are a couple of the ways viewers can engage. Loyalty and rewards incentives are presented by broadcasters, brands and advertising campaigns, customized to viewers.
Viewers can circulate HITs by spending them to influence the trajectory of a given show. This can be done by voting and by sending donations or tips to broadcasters, streamers and content creators. This active exchange of tokens, encourages viewer participation with shows as well as with each other, strengthening the show’s fan base and the health of the ecosystem.
Tools for Shows and Advertisers
In a world where sequels are king, and building on existing universes matters (both for dollars and mindshare), iPowow has the features to match the market. To drive repeat engagement, broadcasters and showrunners are given several campaign management tools. We offer the ability to create show-specific badges and achievements matched to limited-time campaigns for brands. This highly targeted marketing is especially effective with dedicated fans of ongoing series. The incentivized model powered by HITs ultimately allows for fandom to reign supreme, providing a highly effective mechanism for networks to better understand their specific audiences.
Looking to the Future
We are committed to fostering the creation of new and exciting audience engagement applications by rewarding developers with HITs for building novel solutions on our protocol. Our Source Development Kit, or SDK, and GitHub repository will enable easy scaling, pulling from and adding to the codebase. With our application distribution system, iPowow’s worldwide partnerships for the HIT Protocol will be an attractive launchpad for apps made for the HIT token. The true power of the HIT Protocol will be unlocked by allowing developers to distribute HIT-based interactive apps across a global platform.Where do I get the most up-to-date information?

Medium: https://medium.com/@HitProtocol
Telegram: https://t.me/joinchat/GbhICkzlix0FAiTlQIzufA
Reddit: https://www.reddit.com/r/HITPROTOCOL
Twitter: https://twitter.com/HitProtocol
Post
Topic
Board Speculation (Altcoins)
Re: Who's next to go to the Moon?
by
chickensoup1
on 26/09/2018, 21:52:25 UTC
INGOT Group, a multi-industry company with industry-specific professionals, is all set to bring about a groundbreaking impact on the existing financial markets. By creating a revolutionary blockchain based ecosystem named INGOT Coin (IC), they have finally made it possible to build a new pathway between the crypto and the current traditional market participants, enabling them to diversify their portfolio in an efficient and secure manner.

From first day to today, INGOT Coin always targets to be the bridge between cryptocurrency and traditional financial markets through its platform, banking services, and IC brokerage. Estonia stationed, Ethereum blockchain based ecosystem aims to revive lost unity and demands to both markets through the establishment of 6 components that work together, under a single roof.  Aim of INGOT Coin is to create an unprecedented, a first-of-its-kind revolutionary ecosystem based on Blockchain technology that will link newly developed crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs.

INGOT Coin has already started to shape the future of the financial markets by collecting soft cap, receiving over $40,000,000 USD. INGOT Coin team is grateful for investors’ trust in INGOT Coin project and proud to launch a decentralized financial ecosystem together with you. The ultimate goal is always reaching higher at INGOT Coin, so the hard cap is determined where INGOT Coin needs to reach.

Marketing has the power of determining the future of the world. Marketing strategy of INGOT Coin is to send the right message to the right people at the right time using the right channel. INGOT Coin achieves this will live till another age of evolution. INGOT Coin believes to invest in values that people care, environment, and ecosystem to use for a long term.  INGOT Coin provides multiple social networks, so potential investors and customers can become better acquainted with INGOT Coin service. This is one of the main benefits of INGOT Coin marketing ability.

Community is the backbone of a Project in the crypto world. INGOT Coin uses Telegram to organically gather thousands of people to own community and the INGOT Coin Network Telegram Community reached the 100,000 Telegram members in last period. INGOT Coin accomplished this milestone in a remarkably short amount of time. This is important because decentralized projects are literally powered by their communities.

Besides the marketing power of INGOT Coin, Project team has established alliances and strategic partnerships across industries in order to enable knowledge creations as well as gaining diverse perspectives from every side of the spectrum. INGOT Coin aims to cultivate a coordinated global positive community and cooperation on which the basis of integrity and transparency among its members. The perspective and plan of INGOT is to offer the community with real Utility value whether Bitcoin is at low or high level. To achieve that aim INGOT has partnered with multiple ICOs in order to provide numerous Utilities with an access from one platform. INGOT Team are working to expand further, reaching out to larger audiences and achieving the next goal (hard cap), amongst having numerous existing partnerships  – Trade.io, GMEX Group, MFCHAIN, Swachhcoin,  Xchain, ICO HOLDER, Coin Traffic, Zichain, Place Torrent, Bolttcoin, Hackernoon, Stella, and Bineuro. The Alliance believes that by bringing together different ICOs from different industries such as health, insurance, financial services, E-commerce and real estate, and combining the different existing Utility Functions a new meaning to Utility will be created.

The Ingot Coin group is defined to make Ingot Coin rating between the top ten cryptocurrencies all over the world. Among that background, they are constantly hard at work, try to intensify the formation and reach of INGOT Coin throughout the world. INGOT is creating an interrelated global community of trust and collaboration with its highly obvious platform. INGOT is balanced to give power back to the people by making them take total control of their finances.
Post
Topic
Board Speculation (Altcoins)
Re: Best cryptocurrency to invest in 2018
by
chickensoup1
on 26/09/2018, 19:23:20 UTC
Global supply chains in the oil and gas industry comprise a complex web of suppliers, shippers, and contractors. The complexity and scale of this network requires substantial administration and creates opportunities for errors. From the tax authorities’ and customers’ perspectives, there also is a concern that suppliers might manipulate invoice values, potentially avoiding taxes or inflating costs, as goods are sold and shipped around the world. Utilizing blockchain technology to record and manage the movement of goods and related invoices will significantly mitigate the risk of errors and the opportunity to alter invoice values or recipients. Goods will be tracked from source to customer, reducing time and costs, and providing insight into the supply chain process that could be used to create efficiencies. Invoices will be recorded in the blockchain, creating an immutable record of its contents. The movement of invoices also can be addressed in the blockchain using public and private keys, preventing unapproved parties from accessing the invoices. This again could help to reduce the administrative burden on companies to report transactions to authorities and reduce the time taken by tax authority audits because of the reliability and transparency of data in the blockchain. The issue of security in data transfer is important to both individuals and companies. Public and private keys allow data to be encrypted and sent to another party, so that only that party can access the encrypted data. In the case of an invoice, party A would encrypt the invoice using party B’s public key. Party B can then decrypt the invoice using its own private key. Anyone in the network 5 could see that party A has sent data to party B, but is unable to decrypt the contents. Additionally, party A can sign the invoice with its private key before sending, and any subsequent alteration of the invoice would invalidate the signature and the fraud would be apparent.
Imagine an oil company owning land that has proven reserves of 100 million barrels of oil equivalent (BOE). The oil barrels even though not yet produced could be tokenized by having ownership held by a company that has a standing offer to the public to redeem tokens for either a single barrel of oil or, if the redeemed tokens are less than a certain threshold, a fraction of the assessed value of the barrel of oil. Physical delivery of the oil barrels could be made at a certain location or shipped to a specified address. In this way, buyers could obtain an easy-to-transfer token and third-party markets could transact in fractions of the oil barrel price. This could potentially be a source of financing for the oil company and a way for the broader public to participate in the oil market. The Opportunity According to the Central Intelligence Agency’s website, there are 1.665 trillion barrels of oil recoverable globally. On the other hand, a report by BP suggested that we have 53 years of proven oil supply left. Just 53 years! This brings about an opportunity to work towards democratizing our world’s proven reserves. Meanwhile, monitoring and potentially preserving our world’s oil supply via blockchain technology under a crypto-economic model that also monetizes proven undeveloped oil supply. On the investment side, the Permian Token opportunity allows for direct equity crowdfunding participation by token contributors under a trust-protocol that allows them to benefit from oil supply that is proven to be available but not yet produced.
Permian launch the ICO for the purpose of bringing the Permian closer to the community, from which we can experience the technology that the Permian brings.You can register our stage 1 token sale on  https://www.permian.io/dashboard/register !! When you participate in the ICO, you will get many benefits from the project such as Affiliate commission.
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Topic
Board Speculation (Altcoins)
Re: Future of altcoins?
by
chickensoup1
on 24/09/2018, 10:22:00 UTC
How is TIM going to add value?
TIM Blockchain provides 4 breakthroughs:

Fast Mainnet
Subchains where you transact in your own tokens
Geonode for Enterprise Level Security
Hyperlocal Dapps to host taxi, e-commerce and other such nearby selling apps
Each of the above 4 listed features is going to push the crypto adoption curve. If you look at the last 3 major technologies like radio, TV and internet, their adoption curve(S-curve) is very insightful.

4 famous S-curves. Source: Quora
There were certain events which led to mass usage of these technologies. For example, radio became portable and industry usage due to war and trade pushed its adoption. Industrial revolution led mechanisation led to need entertainment in newer ways which led to penetration of TV. The technology obviously helped in making the cathode ray tubes more smaller and safe for home use.

This way, we predict the adoption of cryptos to be even faster once safety and usability are established. This is where TIM Blockchain’s enterprise level security by Geonodes and high performance mainnet can help. One should also note that it is not just cyber security, but also regulatory security provided by TIM’s subchains where TIMs are not required for each transactions but only staking. This enables the subchains to make cryptoless transactions thus eliminating one of the key problems of toxicity of cryptos. Cryptocurrencies are mined by many unknown and uncensored group of entities who cannot be managed by any KYC or AML process. One doesn’t know for how these miners acquired their mining devices or resources. Therefore involving cryptocurrencies in transactions is considered as toxic by regulators, and a key reason why Bitcoin and Ethereum are finding hard to please any regulatory approvals.

TIM driven adoption curve — Security, Performance, Efficiency — 100 Million TPS
The above graph tries to depict the adoption drive of cryptos led by TIM Blockchain. Security is of paramount importance. After which businesses and communities can reliably build their products and services on high performance architecture of TIM. TIM can scale upto 100 Million Transactions per second. And this phenomenal speed is required to serve many of the major and micro-transactions for both money as well as valuable information transactions. And lastly, communities will use the geolocation aware network of TIM to host, search and sell their services on Hyperlocal network. Hyperlocal network comprises of all users of TIM who can be identified by their interests. And one can create a commerce for these users based on these interests, based on approval and solicitation mechanism.

So what? Why Invest?
By investing in ICO, you stand to get a large share of tokens at a much lower cost than their utility value. This enables you to host a fast and futuristic business on blockchain of TIM or similarly help some other businesses to help them establish it. TIM Blockchain is going to disrupt how e-commerce is done, and in a collaborative way. And owners of TIM tokens stand to gain from early disruption readiness.
Post
Topic
Board Speculation (Altcoins)
Re: Who's next to go to the Moon?
by
chickensoup1
on 22/09/2018, 13:26:49 UTC
No valuable asset can have adoption if their theft and loss rate is 25%. And this situation will be a history very soon. Thanks to Geonodes.
Geonodes are a way to geofence your assets in smart contract which can have customisable level of access like 2FA, MFA, LDAP and Biometrics. The mining computer of geonode is kept in physically secure location which has a 100m radius of fencing.
The tighter integration of geolocation by GPS in TIM Blockchain provides this unique feature by which one can write smart contracts to allow/disallow it’s execution in a given geolocation. And there can be many use cases of this feature. One of which is to create specific locations where smart contract based wallets can be secured. Having telecom partners for this is going to improve the geolocation security as well. Telecoms companies use GPS to synchronize their towers. Therefore Telecoms are a natural partner for TIM.
How will Bitcoin and Ethereum benefit?
TIM is getting ready with atomic swaps and all cryptocurrencies having this interoperability can work with TIM. This way one can secure bitcoin and ethereum by geonodes. This will put an end to next 4 million bitcoins being lost to theft and losses.
Ecosystem Driven Development
Our core effort has always been to build the state of the art blockchain to enhance our enterprise partnerships. And there are so many new frontiers to cover. We want your opinion and advice on how to build the adoption roadmap. There are so many alternatives and choices. Which interoperability features should be tackled first? What level of interoperability should be developed? Should it be limited upto smart contract to smart contract based interoperability or transactions based swaps as well?
Geonodes Bids open on 11 October 2018
The Request for Proposal has been initiated for inviting bids to build the enterprise security framework. TIM Blockchain will dedicate $5M towards developing this framework.
Post
Topic
Board Speculation (Altcoins)
Re: Don't miss the train on BNC!! Choo Choo
by
chickensoup1
on 21/09/2018, 22:54:40 UTC
When is that airdrop? I'm loaded of BNC lol. Will there be buybacks for bonus distribution? Or is it just a rumor?
Post
Topic
Board Speculation (Altcoins)
Re: Best altcoins to invest for 2018 ?
by
chickensoup1
on 20/09/2018, 20:29:38 UTC
Geonodes are a way to geofence your assets in smart contract which can have customisable level of access like 2FA, MFA, LDAP and Biometrics. The mining computer of geonode is kept in physically secure location which has a 100m radius of fencing.
The tighter integration of geolocation by GPS in TIM Blockchain provides this unique feature by which one can write smart contracts to allow/disallow it’s execution in a given geolocation. And there can be many use cases of this feature. One of which is to create specific locations where smart contract based wallets can be secured. Having telecom partners for this is going to improve the geolocation security as well. Telecoms companies use GPS to synchronize their towers. Therefore Telecoms are a natural partner for TIM.
How will Bitcoin and Ethereum benefit?
TIM is getting ready with atomic swaps and all cryptocurrencies having this interoperability can work with TIM. This way one can secure bitcoin and ethereum by geonodes. This will put an end to next 4 million bitcoins being lost to theft and losses.
Ecosystem Driven Development
Our core effort has always been to build the state of the art blockchain to enhance our enterprise partnerships. And there are so many new frontiers to cover. We want your opinion and advice on how to build the adoption roadmap. There are so many alternatives and choices. Which interoperability features should be tackled first? What level of interoperability should be developed? Should it be limited upto smart contract to smart contract based interoperability or transactions based swaps as well?
Geonodes Bids open on 11 October 2018
The Request for Proposal has been initiated for inviting bids to build the enterprise security framework. TIM Blockchain will dedicate $5M towards developing this framework.
Post
Topic
Board Speculation (Altcoins)
Re: Best ICO to invest (2018) ?
by
chickensoup1
on 20/09/2018, 20:08:59 UTC
Imagine an oil company owning land that has proven reserves of 100 million barrels of oil equivalent (BOE). The oil barrels even though not yet produced could be tokenized by having ownership held by a company that has a standing offer to the public to redeem tokens for either a single barrel of oil or, if the redeemed tokens are less than a certain threshold, a fraction of the assessed value of the barrel of oil. Physical delivery of the oil barrels could be made at a certain location or shipped to a specified address. In this way, buyers could obtain an easy-to-transfer token and third-party markets could transact in fractions of the oil barrel price. This could potentially be a source of financing for the oil company and a way for the broader public to participate in the oil market. The Opportunity According to the Central Intelligence Agency’s website, there are 1.665 trillion barrels of oil recoverable globally. On the other hand, a report by BP suggested that we have 53 years of proven oil supply left. Just 53 years! This brings about an opportunity to work towards democratizing our world’s proven reserves. Meanwhile, monitoring and potentially preserving our world’s oil supply via blockchain technology under a crypto-economic model that also monetizes proven undeveloped oil supply. On the investment side, the Permian Token opportunity allows for direct equity crowdfunding participation by token contributors under a trust-protocol that allows them to benefit from oil supply that is proven to be available but not yet produced.
Post
Topic
Board Speculation (Altcoins)
Re: Don't miss the train on BNC!! Choo Choo
by
chickensoup1
on 19/09/2018, 21:32:07 UTC
It's a great project as far as i researched. Total supply is only 700 m and 100m is locked at Hotbit. It's only 12 sts rn. I'll sell it when it is 250 sts Smiley))
Post
Topic
Board Speculation (Altcoins)
Re: Best Altcoin to invest with
by
chickensoup1
on 19/09/2018, 20:05:02 UTC
Most of ICO’s fail because their product contribution is not needed as well as the fact that no major hearing can link with the product. They don’t make sure you conduct intensive market research to make sure that there actually is a need for the initial coin offering concept they are trying to create. Projects make sure they try and create a real functional token economy that makes sense and has a reason for existing. People see many initial coin offerings out there that exist just for the sake to make money. These ICO’s are mostly scams and will fail.

Because a company is holding an ICO, does not necessarily mean that their product has anything to do with blockchain technology — just that they have tokenized their fundraising efforts using a platform. INGOT Coin aims that using blockchain technology is better, and investors need to be aware of why. Investors need to question if it makes good business sense to invest in a company based purely on its use of blockchain technology.

INGOT Coin ensures that funds and personal data are secured during and after ICO. In addition, the team ensures legal compliance not only in the country of registration, but also in all the countries where project operations and token use are planned. INGOT Coin uses transparent legal structure and provides clear justification for blockchain and own utility token. INGOT Coin team is sure to test  MVP if and consider how well it aligns with the promises made in the white paper, satisfies the use case, and demonstrates the advantages over other offerings in the space. We give importance that MVPs should have users, investigate any available customer feedback and how the team has responded. INGOT Coin believes that our brand is the face of our offering and the more time we take to create a good brand identity, the better the rest of our marketing communications will be.

INGOT Coin started to shape the future of the financial markets by collecting their soft cap, receiving over $40,000,000 USD. The team behind INGOT Coin announced that the Pre-token sale is officially closed after successfully raising $40,000,000 USD. In addition to this great new, all INGOT Coin holders can now use their ICC in our Brokerage, INGOT Brokers, and start trading over +1000 instruments. 1 ICC equals 1 USD and will be deposited accordingly in INGOT Brokers.

INGOT Coin ICO phase will finished at 10th October. Based on INGOT Coin extensive financial model, we have placed a hard cap of $90,000,000. This number will ensure we provide the best services with optimal allocations into each component of this all-inclusive ecosystem. Everything is going on right now and Dev team is already working on all our product under the favor of reaching the soft cap target. Team has continued to build innovative product and not waiting for finish of our ICO. INGOT Team believes that victory will be the true workers!!
Post
Topic
Board Speculation (Altcoins)
Re: Most promising projects in 2018
by
chickensoup1
on 18/09/2018, 13:13:07 UTC
By offering viewers with a direct path from content to commerce, we also provide content providers with invaluable knowledge about what content is most successful in generating revenue. Historically, brands and content providers needed to sort through many disparate data sources to make conjectures about which content led to purchases. By connecting to the HIT Protocol, content providers no longer need to guess about what is working and what isn’t, as HITs connect the dotted lines between viewing habits and product purchases.
Get Started
The entrypoint for all viewers to access their HIT balances is the “HIT Account.” To start, adoption incentives are offered for signing up to the platform, creating a profile, and referring others. Data incentives are also offered for viewers who opt-in to provide their viewing and interaction data to support their favorite shows. This provides valuable data to brands and show creators. Gamification incentives are offered for competing on participation leaderboards, and achieving consecutive login streaks. We include milestone incentives for those reaching and maintaining HITs balance milestones and leveling-up their profiles. This encourages viewers to keep track of their HITs and engage in opportunities to increase their numbers.
In addition to driving engagement and participation, fans have the opportunity to create social profiles to display their earned recognition for activity in the community. The most dedicated and active participants of the HIT community will also be first in line for feature and content test groups as the platform develops and grows, encouraging healthy competition among users.
Earn Rewards for Watching & Engaging
Viewers earn HITs by watching and interacting with shows and ads. Poles and contests are a couple of the ways viewers can engage. Loyalty and rewards incentives are presented by broadcasters, brands and advertising campaigns, customized to viewers.
Viewers can circulate HITs by spending them to influence the trajectory of a given show. This can be done by voting and by sending donations or tips to broadcasters, streamers and content creators. This active exchange of tokens, encourages viewer participation with shows as well as with each other, strengthening the show’s fan base and the health of the ecosystem.
Tools for Shows and Advertisers
In a world where sequels are king, and building on existing universes matters (both for dollars and mindshare), iPowow has the features to match the market. To drive repeat engagement, broadcasters and showrunners are given several campaign management tools. We offer the ability to create show-specific badges and achievements matched to limited-time campaigns for brands. This highly targeted marketing is especially effective with dedicated fans of ongoing series. The incentivized model powered by HITs ultimately allows for fandom to reign supreme, providing a highly effective mechanism for networks to better understand their specific audiences.
Looking to the Future
We are committed to fostering the creation of new and exciting audience engagement applications by rewarding developers with HITs for building novel solutions on our protocol. Our Source Development Kit, or SDK, and GitHub repository will enable easy scaling, pulling from and adding to the codebase. With our application distribution system, iPowow’s worldwide partnerships for the HIT Protocol will be an attractive launchpad for apps made for the HIT token. The true power of the HIT Protocol will be unlocked by allowing developers to distribute HIT-based interactive apps across a global platform.Where do I get the most up-to-date information?

Medium: https://medium.com/@HitProtocol
Telegram: https://t.me/joinchat/GbhICkzlix0FAiTlQIzufA
Reddit: https://www.reddit.com/r/HITPROTOCOL
Twitter: https://twitter.com/HitProtocol
Post
Topic
Board Speculation (Altcoins)
Re: Next big ICO
by
chickensoup1
on 16/09/2018, 00:16:05 UTC
Securing your share from the 1.6 trillion barrels of proven oil reserves globally
With over 1.6 trillion barrels of proven oil reserves globally, the Permian token offering allows you to own your share of the world’s proven oil reserves via blockchain with a redeemable digital token that is backed by proven oil reserves. Utilizing the economic-value of oil supply via blockchain to monetize proven oil reserves. Developing the PermianChain; a blockchain-as-a-service solution for oil companies to monetize proven reserves yet to be produced. Generating early revenues for suppliers, providing higher discounts to buyers and increasing token value for our community.With the Permian Token we developed a solution to solve the working capital requirements of oil exploration & production companies and oil exploration and production economies, meanwhile democratizing the direct investment sector for the average investor. The result, allowing seamless and transparent reporting of our world’s energy reserves and oil transactions under an immutable trust protocol (the blockchain). The Company also solved theoretical and technological issues of oil exploration & production by allowing public and private sector to sell proven reserves yet to be produced via blockchain technology under a closed-loop-B2B-exchange (the “PermianChain”). 11 The PERMIAN Token Offering will launch 10 billion XPR tokens. It is our intention that at least 8.0 billion XPR will be sold during the ITO stages at $0.10 per token. Where we anticipate that 87.5% of the funds raised will go into oil campaigns and acreage with proven reserves, also referred to as P90. Whereas over 6% will be used to invest in continuous technology including blockchain and artificial intelligence for oil & gas exploration and production. Therefore, the total value of circulating XPR will eventually equal to a portion of the total value of Proven Reserves that are identified until each barrel of oil in proven reserves is produced and sold.