Last Update 2018.07.14 09:52 AM UTC

PetroDollar

XPD

USD Price

$ 0.006336

$ -0.0016    ( -20.31% )
Market Cap       1110
$ 405.46 K
( $ 405,457 )

Change 1HR
-0.39%
Volume 24HR
$ 0
XPD 0
Change 24HR
-20.31%
24HR Low-High
$ 0.006274 - $ 0.007951
Change 7 Day
-19.52%

XPD / USD

2 Exchanges
  • Supply & Demand
    5,4,5,3,6,5,8,2,5,3,8,8
  • Mined
    63,993,275
  • Circulating Supply
    63,993,275
  • Total Supply
    63,993,275

PetroDollar is a peer-to-peer digital currency designed to deflate with relation to the world crude oils reserves. PetroDollar has a approximate 1:10,000 relationship to barrels of oil still existing in the ground, thus creating an analogy of the USD/OIL trading pair. Every transaction(Tx) broadcast over the PetroDollar network will be charged a transaction fee to be destroyed in line with oil depletion. Transaction fees are destroyed autonomously, at an organic rate based on a mathematical model of the oil market. PetroDollar has a current fee of 1.429% of the amount transmitted, increasing to approximately 15% in year 2045.