The World’s Largest Green Commodities Production.
Cypress, TX, June 14, 2021 (GLOBE NEWSWIRE) — (by way of Blockchain Wire) The headlines have been in every single place currently – simply inside the final week main information retailers have revealed claims like ‘Cryptocurrency mining consumes extra electrical energy than the total annual vitality consumption of the Netherlands’ and ‘Bitcoin has a carbon footprint akin to that of New Zealand’.
While these claims return years, Elon Musk just lately tweeting that Tesla will droop accepting Bitcoin funds due to environmental issues introduced these claims to the forefront.
Excluded from these studies are the robust arguments saying these claims are unfounded. Oddly, none of the studies try to reply the solely query that issues – how a lot *extra* vitality was generated due to crypto mining? Instead, they deal with extra vitality generated by energy crops and utilized by miners as vitality created for the miners – though that vitality was already created, and would have been wasted in any other case.
Unfortunately, the public was offered just one facet of the story, and now many see cryptocurrency as dangerous to the surroundings.
But The Solar Oil Project represents a step in the proper route for vitality manufacturing, serving to to decrease emissions and scale back environmental hazards – and it is all powered by crypto…
Beyond Oil™ is excited to announce the launch of a revolutionary tokenization platform – The Solar Oil Project.
The know-how platform goals to be the largest tokenized commodity manufacturing and alternate mechanism in the world. The platform helps native oil effectively operators to deploy modern know-how options that dramatically scale back the carbon footprint of oil manufacturing whereas recycling outdated oil wells which might be deserted or underutilized.
This ‘oil effectively recycling’ program accomplishes a number of objectives from an financial and environmental perspective:
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Reduce price of manufacturing and upkeep by virtually 60%
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Greatly scale back carbon depth of manufacturing (as a lot as 90%!)
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Eliminate want for brand spanking new oil effectively drilling
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Recycle and rehab outdated oil wells
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Eliminate eco-hazard of chemical leaks from deserted oil wells
The Project makes use of the Blockchain community to distribute tokenized oil manufacturing by way of ERC-20 token rewards to the customers. It makes use of certainly one of the newest oil extraction applied sciences, the “Air Lift Technology” (ALT). The Innovation eliminates soil air pollution and makes the total course of eco pleasant.
Photo: Solar Oil Platform is Already LIVE and Fully Functional!
The Trillion Dollar Problem…
In the Southern US alone, greater than 100,000 Low-Volume Oil Wells are both deserted or underutilized. These wells can shortly turn out to be an ecological hazard and price near a Trillion Dollars in clear up throughout North America. The present estimate for simply the cleanup in the US state of Texas alone is available in at over $117 Billion USD.
What SOP Intends to do otherwise…
SOP provides Operators and Owners with the know-how and the experience to switch the outdated gear with solar-powered pumps which might be economically viable, environment friendly, and automatic. With this, the wells are given a contemporary breath of life into worthwhile manufacturing. This is significantly efficient for the effectively websites which might be older and have minimal revenue margins with conventional applied sciences.
How the Process Works…
After overview by members of the Solar Oil crew, chosen oil effectively websites are geared up with eco-friendly pneumatic pumps, photo voltaic panels (the place relevant), air compressors, and distant monitoring capabilities. The mixture of those applied sciences leads to a contemporary manufacturing mechanism that brings these deserted wells again into lively manufacturing.
Anyone Can Participate, And Enjoy The Rewards…
Perhaps the most tasty a part of the mission is the way it encourages participation of all customers. Anyone can create a free account on Solar Oil Project’s web site (solaroil.io) and buy the Solar Oil Access Token (SOAX). This non speculative utility token then offers the consumer entry to the platform the place they will assign the entry tokens in direction of the work on chosen oil effectively websites. The income generated from the token gross sales is used to then replace the wells in the chosen portfolios.
Because of this, the token doesn’t meet necessities to be categorised as a safety, that means US buyers who sometimes can not take part in the launch of latest crypto-based initiatives are capable of put money into Solar Oil.
In return, customers who take part on this method obtain a portion of the oil manufacturing achieved in the type of the SOPX token – The Solar Oil Production token. SOPX distribution is in proportion to what number of Access tokens a consumer assigned to the oil portfolio. The SOPX rewards could then be traded on the Commodity Exchange for different commodities, currencies, or crypto belongings.
This elegant resolution permits for equitable rewards distribution for any customers that assist shield the surroundings whereas leading to worthwhile vitality useful resource manufacturing.
About Beyond Oil™
Beyond Oil, led by Chief Strategy Officer Hitesh Juneja, goals to transition the vitality sector from fossil fuels to extra sustainable inexperienced vitality time beyond regulation in a way that is sensible, and doesn’t trigger the financial or ecological hurt that sudden and compelled modifications may trigger.
To make this occur in a sensible method, Beyond Oil is damaged up into three phases with Phase 1, being the Solar Oil Project – a uncommon and revolutionary utility of know-how to deal with certainly one of the main ecological challenges of our time whereas offering oil commodity backed token rewards!
The purpose on this part is to draw a lot of members by means of a horny, worthwhile enterprise mannequin.
On Phase 2 – The Open Commodity Exchange:
The oil manufacturing from the Solar Oil Project is issued to the stakeholders in the type of the ERC-20 token – SOPX (Solar Oil Production).
The SOPX is pegged to the international WTi spot value and is instantly liquidable by means of the Solar Oil Commodity alternate to a number of different belongings resembling Gold, Silver, Natural Gas, in addition to tens of equities and cryptocurrencies. This represents the first main blockchain growth permitting for open alternate between true commodity-backed crypto-assets and different fiat-based belongings.
The purpose of this part is to determine a sturdy monetary ecosystem that new disruptive applied sciences will be onboarded into.
On Phase 3 – We are specializing in Emerging Disruptive Technologies:
And extra rising applied sciences that would not have established worthwhile enterprise fashions will likely be guided to maturity throughout this part.
For extra Information about SOP, kindly get in contact by way of https://solaroil.io or https://solaroil.io/contact-us
CONTACT: Hitesh Juneja Beyond Oil 17918 Blueridge Shores Dr. Cypress, TX 77433 United States [email protected]
