The Digital Asset (Prospectus Excerpt)
The OilXCoin represents the vehicle through which investors can directly participate in the development of the issuer’s business and asset backing.
OilXCoins will initially be recorded on the Ethereum blockchain. In the future, DeXentra intends to explore the possibility of having the OilXCoins recorded on other distributed ledgers. If so, DeXentra plans to set up "bridges" smart contracts to allow holders to transfer OilXCoins on such additional distributed ledgers.
A proxy contract is utilized, enabling the potential for updates to the OilXCoin contract if deemed necessary.
Activities may include:
Maintaining a strategic roadmap for the token's technical development.
Continual development of OilXCoin’s internet site to further improve product accessibility (this may include fiat on ramps, wallet integration, payment systems, etc.).
Product understanding and context (through the provision of dashboard features).
Implementation of additional digital product features to increase product attractiveness (this may include compatibility with additional blockchains).
Where permitted from a regulatory perspective, possible creating of digitally supported reward programs to promote the reach of the digital assets.
DEXentra has issued NFTs to investors, which most notably provide such investors with the rights to obtain OilXCoins at their issuance (subject to a vesting period), and to be paid a portion of the native transaction fees levied on transfers of OilXCoins.
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