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.
|Price in BTC||0.00000224975987 BTC|
|Current Supply||63,993,276 XPD|
|Total Supply||122,107,464 XPD|
|24h Volume (coin)||1,423 XPD|
|24h Volume (currency)||$30|
|Last updated||2018-04-20 13:55:14|