OilXCoin price

OXC

OilXCoin is an RWA coin launched by parent company DeXentra, whose co-founder is Dave Rademacher.

With an extensive background in managing global organizations and steering large-scale budgets also having founded a number of startups, Dave is pushing to evolve the crypto investment landscape via real-world assets backed by natural gas and oil (O&G).

He envisions positioning OilXCoin as an "entry token" for many who are not yet in the crypto space, opening up access to O&G investments to a broader audience, fostering a more democratic and sustainable approach to asset ownership and providing new funding avenues for lease owners through tokenization.

The CEO for DeXentra’s U.S. subsidiary and Head of Oil and Gas is Glenn McColpin With over 35 years of experience in oil & gas, he has successfully negotiated and closed multiple, key technology acquisitions and worked with multiple medium and large sized O&G operators on organizational optimization, technology implementation, and change management. With a degree in petroleum engineering, he also specializes in environmentally and cost-effective enhanced oil recovery (EOR) techniques.

OilXCoin is a registered security token, regulated by the FMA (Liechtenstein).

It generates revenue through multiple independent yet complementary streams, namely, sales generated in the O&G upstream and OXC transaction fees incurred through the trading of the token.

OXC finances the acquisition and development of underdeveloped, primarily conventional O&G reserves, partnering with experienced producers to extract crude oil and gas for sale to refineries.

Revenues from these operations, along with transaction fees from the OilXCoin blockchain, are reinvested to increase the token's tangible asset base — acquiring additional O&G reserves — and to ensure market liquidity.

The OilXCoin network is secured through a combination of robust blockchain technology and advanced security features:

Ethereum Blockchain: OilXCoin is an ERC-20 token, leveraging the security and decentralization of the Ethereum network which uses a proof-of-stake (PoS) consensus mechanism to validate transactions and secure the network against malicious activities.

Smart Contract Audits: OilXCoin's smart contracts are based on the tried and trusted OpenZeppelin standards and have been extensively audited both internally and by CertiK, a leading blockchain security firm. This ensures that the token's code has been thoroughly checked for vulnerabilities and adheres to industry best practices for secure development.