Company Information

Get to know oilcoin project

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.

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Crypto CryptocurrencyPRIMARY
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oilcoin project

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.