Q. What is the Reserve Oil & Gas Coin Project?
The Reserve Oil & Gas Coin Project will utilize Internet of Things(IoT) technology and combine the stability of the oil and gas industry with the transparency of the Blockchain. Oil and gas reserves will be directly tied to the coins value and an annual dividend will be paid to all coin holders.
Q. What is the dividend that will be paid to all coin holders?
A 20% dividend of free cash flow will be paid to all coin holders on an annual basis.
Q. What is the average lifespan of oil & gas fields?
Based on current market values and technology, oil and gas fields generally have a lifespan of 25-30 years, from first oil to abandonment. Production can last 50 years or more for the larger oil reserves.
Q. Can I invest using fiat (U.S. Dollars) money or Cryptocurrency?
Yes, you can invest using traditional means via wire transfer, check or debit card or you can invest using Bitcoin or Ethereum.
Q. Can I receive my dividend in U.S. Dollars or Cryptocurrency?
Yes, you can receive your dividend in U.S. Dollars or Cryptocurrency via the Ethereum Blockchain.
Q. Does the Reserve Oil & Gas Coin Project break any financial laws such as securities laws?
NO!! The Reserve Oil & Gas Coin Project will follow all rules set forth by the Securities and Exchange Commission.
Q. How does the Reserve Oil & Gas Coin get its value?
The Reserve Oil & Gas Coin’s value is tied directly to the oil and gas reserves held by the company. The more oil and gas wells that are acquired, the more value the coin has.
Q. How will The Reserve Oil & Gas Coin gain true lasting adoption?
The Reserve Oil & Gas Coin will have true lasting adoption by creating a new source of income via the information and data that is collected from the Internet of Things technology. It will also give investors transparency in the oil & gas sector and create a new token economy. Blockchain technology will allow real world assets like oil and gas, to be transformed into secure digital assets
Q. How can I use my Reserve Oil & Gas Coin in the future?
In the future the value of your Reserve Oil & Gas Coin will be directly linked to a debit card with a Visa or Mastercard logo. Each coin holder can receive their own debit card and e-wallet app on their mobile phone to know the exact value of their investment. Investors will also have access to multiple vendors (i.e. hotels, airlines, gift cards, restaurants, car rental, retail stores etc.) where they can shop with and receive a discount. The Reserve Oil & Gas Coin can also be traded on a peer-to-peer basis.
Q. What is a smart contract?
A smart contract is a programmable agreement between parties that will execute as expected without one needing to worry about outside influence.
Q. Will my Reserve Oil & Gas Coin be taxed?
This depends on your country’s laws! According to the IRS (Internal Revenue Service), a U.S. government agency, virtual currency investments will be treated as capital assets and the gains are taxable. Please consult with a CPA (Certified Public Accountant) for tax advice.
Q. What will the Reserve Oil & Gas Project Team do with my investment?
The Reserve Oil & Gas Project Team will focus on exploration & production, drilling oil and gas wells, and producing and selling those materials to be refined later into products like gasoline.
Q.Why is oil and gas so important?
Oil and gas is the lifeblood of the industrialized nations. It is the world’s most important source of energy.
Q.How much oil does the world use a day?
As of early 2015, the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide. That works out to more than 34 billion barrels a year, with January 2017 production totaling just over 99 million barrels per day.
Q. What is oil used for in everyday life?
Oil and gas products are used daily in modern life. Oil fuels the cars, trucks and planes that drive modern economies and lifestyles. By-products from oil refining are used in the production of plastics and chemicals, as well as many lubricants, waxes, tars and asphalts.
Q. How much oil does the average person use a day?
If you’re in the United States, that figure is approximately 2.5 gallons of crude oil per day; roughly one barrel every seventeen days; or nearly 22 barrels per year.
Q. Will we run out of oil?
Global reserves could almost double by 2050 despite booming consumption. The world is no longer at risk of running out of oil or gas. With existing technology capable of unlocking so much, global reserves would almost double by 2050 despite booming consumption.
Q. How long will earth’s natural gas last?
The United States alone has enough natural gas to last 90 years.
Q. Which country has the most oil reserves 2017?
- Saudi Arabia
- United Arab Emirates