Crudo Protocol — Power Oilconomy With Blockcain
A commodity market is a market where physical goods called commodities are traded. This commodity can be in the form of raw materials or basic products used in the production of other goods and services. Examples of commodities include crude oil, natural gas, precious metals (such as gold and silver), agricultural products (such as wheat, corn, and coffee), and other natural resources.
Commodity markets can be divided into two main types:
- Physical Commodity Markets
- Commodity Futures Market
Trading in commodity markets affects the global prices of these goods and can be influenced by various factors such as weather, geopolitics, government policies, and global demand and supply.
Blockchain is a technology used to record digital transactions in a secure, transparent, and immutable manner. It is a type of digital ledger that is decentralized and spread across many computers (called nodes), so any changes or additions to data must be approved by the majority of those nodes.
Here are some of the key characteristics of blockchain:
- Decentralization
- Transparency
- Security
- Immutability
- Smart Contracts
Blockchain was first introduced as the core technology behind cryptocurrencies like Bitcoin, but its potential goes beyond its use for digital currencies alone. Today, blockchain is used in various sectors such as finance, supply chain, healthcare, and data management to improve efficiency, security, and transparency.
CRUDO PROTOCOL
The Crudo protocol is an innovation platform for the transformation of the commodity market with a primary focus on crude oil. This eliminates the complexity associated with traditional ownership structures, high costs, and limited access to equity, providing individuals with a transparent, secure, and efficient experience when investing in crude oil.
From the basic understanding above, CRUDO Protocol was created to revolutionize the work of the commodity market by incorporating a blockchain technology system.
CRUDO has two categories:
- CRUDO for People (A CRUDO token that people can use at all affiliated gas stations and charging points to buy fuel, users earn rewards in CRUDO and can be reused in the ecosystem (CrudoApp)).
- CRUDO for Business (optimizes industrial operations and decision-making processes).
With the development of the blockchain world now, it is hoped that it can make it easier for the development of the commodity business world and the users involved in it also benefit from the ongoing ecosystem process. The growing number of crypto users are also expected to join in and invest in crude oil. So the need for a platform that can bridge the current development, this is the main goal of CRUDO Protocol.
Tokonomics
Now that it has entered phase 1 for the pre-sale, participate immediately before it is finished. Here’s the full roadmap:
Phase 1 (The Concept)
- CRUDO Protocol Website Launch, Presale announcement, community creation
- Commencement of Phase 1 marketing Campaign
- Build CRUDO token on BSC and submit for audit
Phase 2 (Public Presale)
- Commencement of public presale
- Listing on ICO Marks and ICO hotlist
- Development of Crudo App beta version
- CoinMarketCap and CoinGecko listing
- Listing on DEX
- Commencement of Phase 2 Marketing campaigns
Phase 3 (Listings and Operations)
- Public Launch of CRUDO App
- Development of Crudo for Business
- Listing on CEX
- First CRUDO community live seminar with top 100 token holders.
Phase 4 (Growth)
- Onboarding more partners to join the ecosystem
- Listing on tier 1 CEX
- Hosting live network events aiming to forge new partnerships with major crypto funds and Oil trading tycoons.
Conclusion
CRUDO Protocol is expected to innovate the commodity market focused on kerosene or others, can utilize blockchain as a technology used in various sectors such as finance, supply chain, healthcare, and data management to improve efficiency, security, and transparency.
website: https://crudoprotocol.com/
whitepaper: https://crudo-protocol.gitbook.io/crudo-whitepaper-v1
X: https://twitter.com/CrudoProtocol
Telegram: https://t.me/crudoprotocol
Instagram: https://www.instagram.com/crudoprotocol
Medium: https://medium.com/@crudoprotocol
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