Digitizing Oil Reserves

Eliminating the high entry fees and layers of bureaucracy. Get White-Listed to receive instant access to our White Paper and pre-book from a limited number of Permian Tokens (XPR).

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    • $25 M Soft Cap
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    Democratizing the oil & gas direct investment sector in a crypto-economy

    The Permian Token (XPR) is a Tokenized Asset Offering (TAO) which establishes an open, secure, transparent direct oil & gas investment ecosystem powered by blockchain technology.

    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.

    Permian.io Explainer Video

    PERMIANCHAIN MODEL

    digitizing proven natural reserves to create a reserves backed digital asset (XPR) for the blockchain economy

    PERMIANCHAIN TECHNOLOGY

    The PermianChain technology revolutionizes the oil & gas industry’s business model via blockchain.

    Distribution of Tokens

    XPR token is currently an ERC-20 token on the Ethereum Platform.

    Uses of Funds

    WHY THE PERMIAN TOKEN (XPR)?

    Here are some reasons why you should opt for Permian Token

    Reserves Portfolio

    Secured pipeline of proven oil & gas reserves to be listed on the PermianChain platform.

    Location Acreage Wells Total Reserves Potential
    Permian Basin 49,000 Acres 440 Wells 211.2 million BOE
    East Texas Basin 161,500 Acres 32 Wells 4.2 million BOE
    East Texas Basin 161,500 Acres 47 Wells 7.1 million BOE
    Louisiana 51,000 Acres 11 Wells 25.4 million BOE
    *BOE : Barrels of Oil Equivalent

    Our Roadmap

    April 2018

    The Permian Token (XPR) idea is initiated to democratize direct oil & gas investments and Tokenize proven oil reserves.

    May 2018

    Launch of XPR Dashboard and XPR Wallet.

    June - July 2018

    Deployment of XPR smart contract as ERC 20 token.

    August 2018

    Partnered with Gulf Energy Corporation Ltd. and Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP stages.

    September 2018

    Launch of Stage 1 of the Initial Token Offering.

    October - December 2018

    Close Stage 1 and launch Stage 2 of the Initial Token Offering. Completion of PermianChain platform prototype, MVP and Exit Facility.

    December 2018

    Finalize due diligence on already identified proven oil reserves.

    January 2019

    Approve due diligence of existing acquisition targets and open network consensus to XPR Expert Community.

    Q1 2019

    Deploy capital towards approved acquisition targets with over 211,000,000 Barrels of Oil Equivalent (BOE).

    Q2 2019

    open submission for oil companies to list their proven oil reserves and issue additional XPR on the PermianChain platform.

    Q3 2019

    Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing XPR community to track investment activity and development progress.

    Q1 2020 - Q2 2020

    Secure partnership with gas stations globally to accept XPR as a form of payment. Create 'PermianCard' for the XPR community to use as payment at gas stations globally.

    TEAM MEMBERS

    The Minds behind the PermianChain. New Team Members to be added soon..

    Mohamed El-Masri

    Founder & Chief Executive Officer

    Nazim Baghirov

    Head of Business Development

    Paresh Masani

    Blockchain Platform Lead

    Irina Sludneva

    Investor Relations

    Roger Muniz

    VP, Oil & Gas

    PERMIANCHAIN ADVISORS

    Michael C. Creadon

    Co-Founder & CEO, 4Rev

    Han-Gwon Lung

    Co-Founder & CEO at Tailored Ink

    Dan Foley

    Co-Founder & CEO at Crypto Copywriters

    Qusai Sharef

    Member of the Board of Directors, International Decentralized Association of Cryptocurrency and Blockchain (IDACB)

    Habib Huseynzade

    Challenger Drilling Engineer, BP

    James Stull

    Partner, King & Spalding

    Hayssam El-Masri

    Senior Executive Officer, Ento Capital Management Ltd.

    Ali Kassab

    Chairman & CEO, Centurion & Co.

    Micheal Pickens

    CEO, Battiest Energy

    Gagandeep Singh

    Investment Banker, Almora

    Media

    FAQ

    1 What is PermianChain?

    PermianChain is a blockchain technology that links the entire energy trading supply chain (more specifically oil trading) via a trust protocol (the blockchain) under a closed-loop-B2B-exchange. The PermianChain is the B2B-closed-loop-exchange for oil suppliers and oil buyers & traders.

    2 How the PermianChain & XPR Work?

    PermianChain will use the XPR as a tokenized digital asset backed by Proven Reserves that are yet to be produced (e.g. 200 XPR token * $0.10 = 1 barrel of oil at Proved Undeveloped (PUD) price of $20). A smart contract option agreement would be created for each barrel in reserve creating a base price per coin, which in turn creates a minimum fixed price per barrel. This allows buyers to quickly and easily buy & exchange crude oil value. With direct fulfillment from suppliers, broker dependence is reduced and allow buyers to purchase supply much cheaper than traditional methods.

    3 What is the Token Price?

    $0.10

    4 Is KYC needed?

    Prospective investors will require to submit the following information to undergo Know Your Clients (KYC):
    - Certified Passport Copy
    - Certified Government ID copy
    - Proof of Address (i.e. Utility Bill)
    - Source of Wealth
    The compliance administrator may request additional information if necessary.

    5 What kind of token?

    ERC-20

    6 What will happen with unsold tokens?

    All XPR tokens after the Stage 1 Token Offering will be kept in Treasury Reserves. XPR tokens will be re-issued on the PermianChain platform each time new proven oil reserves are listed on the PermianChain.

    7 How can I buy Permian Tokens (XPR)?

    Only way you can buy Permian Tokens at this stage is if you successfully complete our White-listing process and KYC/AML procedures. You will be able to make deposits in Bitcoins (BTC) and Ethereum (ETH) on your Permian.io wallet after Sign Up. However, XPR tokens will only be available for withdrawal after the lock-up period

    8 How long is the lock-up period?

    The lock-up period for XPR tokens will be for a period of 3-months from the date of closing the Permian Token-Sale / Subscription Period or upon listing on a regulated crypto-exchange for security tokens or upon deploying the PermianChain platform.

    9 Do you have a wallet?

    Yes there is a XPR Wallet on the Permian.io dashboard

    10 How do I add to my wallet?

    MEW/Metamask Wallet: XPR token address:0xd639c50ae803ae2f2b1d536d3b57ab41cbb624f3

    • Token Symbol: XPR

    • Decimals: 2

    11 Is this open to US residents?

    NO the Permian Token offering is not open to investors from the United States.

    12 How much has been committed so far?

    Please see the token meter on the website

    13 How many XPR tokens are left after the Token-Sale stage

    8,000,000,000

    14 What is the reinvestment strategy?

    8,000,000,000 XPR — 87% of tokens held in Treasury Resout of the erves will be issued on the PermianChain platform as new proven oil reserves are listed for Tokenization. The remaining 13% will be awarded to our Expert Community for participating in due diligence of newly listed assets.

    15 Where is the referral link on the website?

    in the dashboard after you sign up under "Your Referral Link."

    16 How does the PermianChain platform work?

    Please refer to the Two Pager on the homepage

    17 What is the benefit of having the blockchain?

    Please refer to the Two Pager on the homepage

    18 When do you expect to deploy the PermianChain platform?

    Should be completed by the second quarter of 2019.

    19 What Problem is PermianChain trying to solve?

    Many private oil and gas opportunities are structured with an upfront fee. That means the advisors and brokers make most of the profit by just placing investors’ money in the deal. Not only does this mean fewer of each investor’s dollars go into the deal than in other structures, it means the offering company’s motivation is to fill the deal fast for fast profits.

    20 What makes the Permian Token (XPR) different from Conventional Direct Investments?

    Permian offers the following compared to conventional investments

    1. Convenient, Seamless investment process using the cryptoeconomic model powered by Blockchain and Smart Contracts to make transactions in less than 10 minutes.

    2. Transparent audited reporting and performance tracking through systematized and automated Key Performance Indicators integrated on a state-of-the-art user interface.

    3. Participating in the Permian Token allows token holders to have liquidity potential on various crypto exchanges.

    21 How is PermianChain hoping to solve this problem?

    Through the use of smart contracts, we can now replace paper and complex agreements that are cumbersome, difficult to transfer and can be hard to track for the average person and even for sophisticated investors. Our solution for commodity investing (mainly in oil) would be to switch to a digital system along the lines of Ethereum, but linked to an asset. This solution is the PERMIAN Token (XPR)

    22 What will the money raised be used for?

    55% of funds raised will go into the acquisition of proven oil reserves, 20% of funds raised will be invested into further development of the PermianChain platform.
    10% of funds raised will be invested into further R&D for Artificial Intelligence and Blockchain.
    10% of funds raised will be allocated towards hiring the best talent, maintaining administrative requirements and regulatory licenses.
    5% for marketing and advertising

    23 What is the total token supply?

    Please refer to the Token Sale section on the website

    24 Is Permian token an ERC-20 token?

    XPR token is currently an ERC-20 token on the Ethereum Platform.

    25 What is the expected Soft-Cap?

    Soft-Cap (Stage 1): $25,000,000

    26 Information on Permian team

    You can check the website for information on team members

    27 What is the XPR Token Address?

    XPR token address:0xd639c50ae803ae2f2b1d536d3b57ab41cbb624f3
    •Token Symbol: XPR
    •Decimals: 2

    28 Where is the company domiciled?

    The company is domiciled in the Abu Dhabi Global Market (ADGM) under the name Permian Token SPV Ltd.

    29 Is your token sale open for Retail investors?

    The current offering is being issued by Permian Token SPV Ltd. only to Professional Clients. During the lock-up period the PermianChain platform will apply for a regulated crypto-exchange or will list on an existing regulated crypto-exchange. Retail investors will be given access to purchase XPR once this license has been received (if permitted) and once other applicable regulations have been complied with.

    30 How are you buying into oil reserves?

    All acquisitions of oil assets are made by Permian Token SPV Ltd and its partners in the form of direct investments in oil assets that are approved and listed on the PermianChain platform.

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