TWTI equals
Barrels of Crude Oil

Xcrude is an anchor-based token backed 100% by physical barrels of crude oil.
Every TWTI token in circulation can be redeemed for a USD stablecoin or physical barrels crude oil. Token holders will receive the benefit of owning real oil without having to incur the transportation and carrying cost.

Xcrude Transaction & Redemption Platform Delivers

Settlement

Every TWTI token in circulation can be redeemed for a USD stablecoin or physical barrels of Crude equivalent crude oil. Token holders will receive the benefit of owning real oil without having to incur the transportation and carrying cost.

Remittance

Every TWTI token in circulation can be redeemed for a USD stablecoin or physical barrels of Crude equivalent crude oil. Token holders will receive the benefit of owning real oil without having to incur the transportation and carrying cost.

Diversification

Every TWTI token in circulation can be redeemed for a USD stablecoin or physical barrels of Crude equivalent crude oil. Token holders will receive the benefit of owning real oil without having to incur the transportation and carrying cost.

z coin xcrude

Who is Xcrude?

Xcrude is the issuer of the TWTI digital tokens. Each TWTI issued is backed by physical crude oil or its value equivalent in cash. TWTI tokens will provide a faster, cheaper and more flexible form of oil remittance and settlement for all holders using blockchain technologies, redeemable for Stablecoin, or physical barrels of Crude Oil. In addition to providing token market participants with a secure and transparent record of transactions, TWTI’s goal is to provide an anchor in the commodity and futures cryptocurrency marketplaces as an asset-based token valued at the daily updated Crude Oil Spot Price, hence TWTI will become a trusted diversification and risk aversion tool for cryptocurrencies investors and fund managers.

The Vision

Our goal in tandem with other anchor-based tokens, redefine the global banking, commodity trading, and transactional process of acquiring, settling, holding, and delivery of equivalent crude oil. We intend to elevate the thinking and radicalized worldwide funding of both corporate and sovereign oil producing entities while allowing nearly everyone to have access to own and hold a physical barrel of crude oil. We promise to deliver a user-friendly, ultra-secure, tamper-proof transactional and redemption platform that is regulatory compliant while maintaining the underlying benefits of blockchain-based currencies.

The Technology

The Xcrude platform will issue and redeem TWTI tokens on the xcrude.com portal. Tokens will be issued under Ethereum’s network leveraging its highly efficient transactional platform. Since TWTI’s core value-proposition is its digital representation of physical barrels of equivalent grade crude oil, Xcrude is creating a Private Permissioned Blockchain Network for enterprise applications built on HyperLedger Fabric to provide secure, seamless and transparent transactional features to support TWTI as an industry settlement currency and provide by TWTI holders cash and crude oil redemption.

The Roadmap

Delivery of MVP

Platform Frontend Proof of Concept (POC)

  • xcrude.com portal development and integration with Ethereum
  • Issue first series of 1000 TWTI tokens on Ethereum Testnet
  • Acquire respective physical barrels of equivalent crude oil

Platform Backend Proof of Concept (POC)

  • Supply chain management and inventory development on HyperLedger
  • Issue ~10,000 TWTI tokens on Ethereum Mainnet
  • Simultaneously purchase barrels of equivalent crude oil

Minimum Value Product (MVP)

  • Execute the USD Stablecoin cash redemption of 1,000 TWTI tokens
  • Test and validate the physical barrels of crude oil redemption process
  • Validate investors ability to audit TWTI purchase & respective WTI

TWTI Capital Funding

  • Build crude oil acquisition and trading team
  • Complete automation & interpolation of Ethereum & Hyperleger Fabric
  • Activate oil redemption facilities and full redemption capabilities
  • Acquire barrels of equivalent crude oil
  • Launch xcrude’s digital trading desk

Growth & Optimization

  • Optimization of all TWTI marketplace and supply chain technology
  • Accelerate issuance of TWTI as market demand increases
  • Position TWTI as international digital commodity anchor
  • Build infrastructure for industry settlement acceptance

Partners & Service Providers

The Leadership

person avatar 1

Mr

Manager
person avatar 1

Mr

Manager
person avatar 1

Mr

Manager
person avatar 1

Mr

Manager

Cryptocurrency Exchange