The basis of the project is the OilWell platform, which is designed to promote the liberalization and transparency of processes in the oil product market. The strategic goal of the OilWell project is to introduce innovative blockchain-based financing mechanisms into the oil production, refining and marketing industries, which will reduce the threshold for investors to enter the business and increase capital inflows into the industry. OilWell platform will allow anyone to become a member of the oil business.
OilWellCoin Pre-ICO began on March 22, 2019, and ended at June 24, 2019. OilWellCoin ICO began on July 8, 2019. The ICO token supply represents 65% of the total token supply, so there is a total of 10,400,000 OILD tokens available (including Pre-ICO), for 5 USD. The ICO funding target is 10,000,000 USD and is expected to end on December 9, 2019, or when the funding cap is reached. Any unsold/remaining tokens will be destroyed.
Token Reserve Split (35%):
OilWellCoin ICO features a bounty campaign and the following bonus structure.