Blockchain technology, sometimes referred to as a decentralized ledger, is the backbone technology for cryptocurrencies such as Bitcoin. While Bitcoin has had a seedy history, the underlying technology, blockchain, is what has the most potential to change the way we live. Similar to the internet, groundbreaking technology is rarely limited to its original purpose.
An initial coin offering or ICO is an investment that gives the investor a cryptocoin, more commonly known as a coin or a token in return for investment, which is quite different to the issuance of securities as is the case in an IPO investment.
Oil and Gas Supply Chain (OILSC), with a maximum of only 180 million coins ever in circulation, will be an integral part of the US$ 5.08 billion global drilling waste management market by moving the contracts and supply chains of the world’s largest oil and gas waste disposal companies, organizations and government agencies, onto the blockchain. As they will reduce the cost and increase the efficiency and transparency of transactions between oil companies and drill waste management service providers via bespoke smart contracts, OILSC coins will become the preferred industry standard medium of exchange, thereby driving the value of OILSC coins upward.
The Oil and Gas Supply Chain token is designed to be the medium of transaction within a smart contract between the oil and gas companies themselves and all the drill management and waste disposal service providers. OILSC token is supported by major companies and organizations with years of experience in providing full service drilling waste management, solids control and complete ‘backyard’ solutions to required post drilling environmental protection regulations worldwide.
Oil and Gas Supply Chain can implement smart contracts on its platform; an efficient water marketplace is going to lead to more recycling, more conservation, and more investments into water treatment technologies. Not limited to the energy sector, a marketplace model has the potential to improve sustainability for every major off-grid user including agriculture and industry. With an effective system in place, all kinds of water, not just freshwater, can be appropriately valued, traded, and put to its best use.This will allow Oil and Gas Supply Chain great opportunities to scale into other industries.
Oil and Gas Supply Chain will only produce 180 million OILSC tokens, and no further tokens will be produced. 130 million will be offered in the ICO token sales and 50 million OILSC tokens will be held by Oil and Gas Supply Chain for future expansion and development rewards, marketing, incentives and back office.
The ICO, which will begin on the 10th January 2018 (GMT), will last for 6 weeks. The ICO sale price is 3,850 tokens for 1 ETH, the minimum contribution is 0.1 ETH (385 tokens). In addition, all contributions of 3 ETH will receive a 25% extra allocation and all contributions of 5ETH or more will receive a further 40% allocation. All tokens will be issued to your Ethereum address within 72 hours of your contribution being received.
Buying OILSC tokens is a simple process-all you need is available Ethereum Tokens (ETH) to fund your purchase. You can purchase them by opening an Ethereum Wallet and funding it with traditional currency sources such as your bank account.
For more information, and participation in their Pre-Sale and ICO today kindly visit: http://www.oilsc.io