The OilCoin project aimed to launch a compliant, asset-backed cryptocurrency where each token would represent the value of a barrel of crude oil. Planned as an ERC20 token on the Ethereum blockchain, its mission was to provide a regulated and tangible way for investors to participate in the oil market using digital currency. The project was announced with a team of finance, energy, and technology professionals but appears to have ceased operations in 2018 following regulatory actions and a failure to gain market traction.

Founded in

United States