PetroDollar is a peer-to-peer digital currency designed to deflate with relation to the world crude oils reserves. PetroDollar has a approximate 1:10,000 relationship to barrels of oil still existing in the ground, thus creating an analogy of the USD/OIL trading pair. Every transaction(Tx) broadcast over the PetroDollar network will be charged a transaction fee to be destroyed in line with oil depletion. Transaction fees are destroyed autonomously, at an organic rate based on a mathematical model of the oil market. PetroDollar has a current fee of 1.429% of the amount transmitted, increasing to approximately 15% in year 2045.

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Coin’s Details

  • Market Capitalization

    $0.0

  • Volume 24H

    $0.0

  • Blockchain

  • Circulating supply

    0

  • Total supply

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  • Proof type

  • Algorithm

  • Team Location

  • First announced