Oil.Club — a smart contract miner that adheres to the norms of the oil and gas sector. Club members can earn up to 14 percent in daily prizes and constantly improve methods to maximize profits, depending on market conditions. Ziyen Energy pioneered the tokenization of the oil sector with the ZiyenCoin Security Token Offering.
Description of Oil.Club
Ziyen Energy founded Energy Tokens in 2019, together with well-known experts in blockchain, data analysis, tokenization, regulation, to create a trading platform for Energy Tokens assets. Energy Tokens uses permission-based blockchain technology to tokenize ownership of energy-producing assets.
WELLS — virtual shares of an oil well, used to extract oil from oil or as part of a smart contract to receive an OIL reward, displayed in its BNB price peg. The more WELLS a tenant has, the more OIL is produced.
The sale of OIL does not affect the number of WELLS rental shares you own. However, selling too often can change the price of OIL and reset the production rate to the default value (8%), thereby reducing your income.
Other features:
| 1. | Even if you haven't invested, you can invite your friends. You will receive 5% of their investment (new leases). |
| 2. | There is a 2% fee. It is fully invested in marketing and partnerships to help to grow the community and raise awareness of the club. |
To encourage long-term strategic thinking, the individual interest rate will increase by 2% for each subsequent 7 days of WELLS rental without selling OIL, but will be capped at 14% per day for sustainability. Participants do not earn BNB, instead they extract OIL, which has a pre-set extraction rate. The final reward will be determined by the price of OIL, which is currently rising and will exceed the projected amount.
Price regulation
The smart contract algorithm regulates the price of the “tokenized asset” of the club. If too many members sell their OIL instead of renting WELLS and storing OIL, their earnings are reduced by a temporary depreciation. The above algorithm develops a long-term financial model that allows new members to join at any time and start earning money.
An optimized smart contract, confirmed by the detection of algorithmic errors in previous projects, ensures guaranteed contract growth and stability. Given that there are no limits on making a profit or reinvesting, compounding interest will play an important role in determining the size of your profit.