Permian Token (PMN) Democratizes direct oil investments by eliminating the high entry fees and layers of bureaucracy that historically been a barrier to entry.
The PERMIAN Token (PMN) will be listed on crypto exchanges where the PMN will be liquidated and traded.
Each PMN Token will be equivalent to one barrel of oil. Holders of PMN Tokens could redeem their PMN for fiat currency based on the production of oil and offtake of oil barrels.
Redemption is not guaranteed. However, PMN tokens will be listed on crypto currency exchanges should PMN holders require immediate liquidity based on listing prices.
With this in mind the intention is to increase PMN participants’ token value and the Return on Investment (ROI) as PERMIAN tokenize proven oil reserves with the PMN Token.
|ICO start date||01 Sep 2018|
|ICO end date||01 Oct 2018|
|ICO token supply||8,000,000,000|
|Country Limitations||China, Singapore, United States,|
|Additional Token Emission||No|
ICO: 0% discount
80% - Total Tokens Offered
10% - Treasury Reserves
5% - Team Reserves
2.5% - Advisor Reserves
2.5% - Bounty Program
50% - Blockchain Development
44% - Proven Oil Reserves
3% - Research & Development
2% - Human Capital & Adminstration
1% - Marketing & PR
Type of scores
|Founder & Chief Executive Officer||Member of this ICO only|
|Head of Business Development||Member of this ICO only|
|Cyber Security & IT Advisor||Member of this ICO only|
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