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ICO Analisis Aramco

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  • ICO Analisis Aramco

    Distributed Ledger Technologies (DLT), or blockchain because it is widely known, not trend or temporary mode anymore. This is here to stay and has been proven by itself for the past few years, adopted by traditional and modern banking institutions, corporate giants and various government organizations.

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    While most of the blockchain-powered platforms are intended to provide an alternative monetary system for banking and people investment, there is a new wave of start-ups using this annoying technology to boost the physical sector to a new level.

    From companies focusing on IOT to Genetic Engineering companies, blockchain technology finds their way into a large spectrum of industrial sectors, including commodity industries.

    Aramco is the beginning of the Saudis, formed in an attempt to integrate the traditional oil market into blockchain.

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    Instead of reinventing cryptocurrency or token using blockchain technology, Aramco created a digital stock of pre-fixed amounts of crude oil, provided by the company.

    So, basically, buying Aramco coins is equivalent to buying some of the crude oil barrels. Contrary to traditional stock markets or physical, and commercial markets, where you have to go out, buy physical products, transport, store and preserve them, with Aramco you can enter into their platform or exchange future cryptocurrency currencies and buy crude oil parts , which is owned by Aramco.

    Aramco's vision is to build transactions, integrity, transparency, and faster and cheaper improvements, and overall improve the way we interact with global oil markets using blockchain technology.

    Aramco Coin's original token, ARM, is a utility token built on the ERC-20 Ethereum protocol. This token is used to allow frictionless transactions of various digital assets found in exchanges.

    ARM can also be used as a storage value, since the price represents a fraction of the crude oil, while the ARM can also be exchanged with other major cryptocurrencies such as Ethereum (ETH), from which it can be transacted in any altcoin.

    Total token supply is set at 500,000,000 ARM. 70% of these tokens will be available during ICO. Only 14% get into the team and founder Aramco. 9% is reserved for corporate partners, 5% for gift participants, and the remaining 2% is reserved for the advisory board.

    150,000,000 (35%) tokens will be available during pre-sale (April 24 - May 28, 2018) with 15% bonus, 125,000,000 (25%) token planned to be released during the first phase of public sale (May 9th - May 23 , 2018) with a 10% bonus. The last 75,000,000 (15%) coins will be sold during the second phase of public sale (May 24 - June 7, 2018) with a 5% bonus.
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