CRUDO PROTOCOL
Introduction
The Crudo Protocol is a transformative platform within the commodities market, leveraging blockchain technology to revolutionize the acquisition and trading of commodities, with a primary focus on crude oil. This innovative platform aims to eliminate the complexities associated with traditional ownership structures, high costs, and limited stock access, offering individuals a transparent, secure, and efficient experience in investing in crude oil. By documenting ownership stakes, transaction history, and cargo management details on an immutable ledger, Crudo ensures transparency and trust among co-owners, eradicating challenges like disputes and mismanagement. The platform facilitates easy exploration of a diverse commodities portfolio, providing users with a seamless opportunity to invest in one of the world's most enduring markets.
The development of the Crudo Protocol project is driven by the need to address real-world challenges in the crude oil market. With the global crude oil market valued at trillions of dollars and projected to experience significant growth, factors such as increasing energy demand, geopolitical developments, and technological advancements influence market dynamics. By adapting to technological advancements, geopolitical shifts, and emerging trends, the project seeks to optimize returns for token holders amidst the evolving landscape of the crude oil market.
In response to the surge in gas prices globally due to various factors like geopolitical tensions and supply chain disruptions, Crudo Protocol introduces a blockchain solution that allows users to use CRUDO tokens for purchasing gas at affiliated petrol stations. Through strategic partnerships with leading gas stations worldwide, the project aims to transform payment infrastructure for drivers and station operators, enhancing convenience and efficiency in the process.
In conclusion, the Crudo Protocol project on the Binance Smart Chain leverages blockchain technology to offer benefits such as transparency, security, speed, efficiency, and real-world utility for CRUDO tokens. By integrating blockchain in the crude oil market and utilizing BNB Chain's advanced features like fast finality and EVM compatibility, Crudo Protocol aims to revolutionize how business is conducted in the commodities market while providing tangible benefits for investors and users alike.
Market Overview
The crude oil sector has witnessed significant attention and fluctuations in recent years, influenced by various factors in the global energy landscape. Currently, with a market valuation surpassing $2.1 trillion, the global crude oil market is projected to experience an annual growth rate of 150% from 2023 to 2030. The increasing demand for energy, geopolitical developments, and advancements in extraction technologies contribute to the evolving dynamics of the market.
Major oil-producing nations, both within and outside organisations like OPEC, play a pivotal role in determining oil prices through production adjustments. Geopolitical events, such as conflicts in key oil-producing regions, can disrupt the supply chain and impact prices. Economic indicators, including global GDP growth, industrial production, and manufacturing activity, influence the demand for crude oil. Moreover, technological innovations in extraction methods and the exploration of alternative energy sources contribute to the complex landscape of the crude oil market.
In the ever-evolving landscape of the crude oil market, our team remains dedicated to employing innovative solutions and staying abreast of market trends. Our objective revolves around enhancing returns on investments in crude oil assets by adapting to market dynamics and employing a versatile approach. As we continue to navigate the volatile nature of the energy sector, we prioritise effective risk management, strategic planning, and dynamic responses to emerging opportunities.
For People
As per the analysts, the retail fuel station market attained a value of $1.8 trillion in 2022 and is anticipated to reach $2.4 trillion by 2032, with a compound annual growth rate (CAGR) of 2.8% from 2023 to 2032.
Crudo Protocol native token, CRUDO, serves as currency that people can use at all affiliated petrol stations and charging points for purchasing gas. Through this process, users earn rewards in CRUDO, which can then be reused within the ecosystem.
Through the evolving CrudoApp, users can pinpoint petrol stations with competitive fuel prices and rewards, and participate in free gas lotteries.
Through strategic partnerships with leading gas and charging stations worldwide, Crudo Protocol seeks to transform the payment infrastructure for an expanding community of drivers and station operators alike, fostering convenience and efficiency in the process.
Problem
In recent years, the global landscape of gas prices has witnessed a notable surge, marked by volatility and upward trajectories. Factors such as geopolitical tensions, supply chain disruptions, fluctuating demand patterns, and economic uncertainties have contributed to the complexity of this phenomenon.
The traditional equilibrium of supply and demand dynamics has been challenged by geopolitical events, including conflicts and sanctions, which disrupt the flow of oil and gas resources. Moreover, shifts in consumer preferences, advancements in technology, and regulatory initiatives aimed at reducing carbon emissions have added layers of complexity to the pricing dynamics.
As a result, consumers, businesses, and policymakers alike are confronted with the multifaceted implications of escalating gas prices, ranging from increased operational costs to broader economic implications.
Crudo Protocol comes into play with a blockchain solution to a real world problem helping families and individuals with the surge of gas prices.
Solution
Crudo Protocol's native token, CRUDO, serves as currency usable at all affiliated petrol stations for purchasing gas. Through this process, users earn rewards in CRUDO, which can then be reused within the ecosystem.
Through the evolving Crudo Protocol App, users can pinpoint petrol stations with competitive fuel prices and rewards, and participate in free gas lotteries.
Through strategic partnerships with leading gas and charging stations worldwide, Crudo protocol seeks to transform the payment infrastructure for an expanding community of drivers and station operators alike, fostering convenience and efficiency in the process.
For Business
By providing comprehensive data and risk management solutions, Crudo Protocol aims to optimize operations and decision-making processes within the industry.
Crudo for Business
1- Live commodities price updates
On the Crudo Protocol for Business hub users can access real time data for oil prices along with other derivatives.
2- Ship AIS Tracker
The most efficient method of distributing real-time AIS feeds with minimal latency is through raw AIS data streaming. The NMEA data format adheres to AIS specifications, allowing data sentences to be processed by software systems designed for AIS hardware equipment such as receivers, transponders, or base stations.
The feed can be filtered based on area, AIS source, or message type. Additionally, position reports can be downsampled to reduce bandwidth between the client and our data center.
3- Immutable documents storage solution
Introducing the ultimate solution for verifying document authenticity! Vendors can now list their products on our platform, connecting with potential buyers. By harnessing the power of blockchain technology, original documents can be securely uploaded and stored on the platform, ensuring they cannot be tampered with.
Here's how it works: When a document is added to the blockchain, it receives a special code called a hash. This code, along with details of the previous block and transaction records, is bundled together and stored within a block. Each block also includes the hash code of the block that came before it, creating an unbreakable chain of information.
If anyone tries to alter the data within a block, the hash code changes. This alteration disrupts the chain, alerting the entire network to the attempted manipulation.
In essence, with our platform and blockchain technology, document authenticity is guaranteed, providing peace of mind to both vendors and buyers alike.
4- Due Diligence Reports
Utilize third-party risk management solutions to efficiently source, onboard, and oversee new suppliers, vendors, and distributors within the oil and gas industry while ensuring compliance with global regulations and safeguarding your company's reputation.
Our solutions enable oil and gas companies to identify, assess, and mitigate risks associated with their business relationships, including freight forwarding companies, clearing agents, construction firms, local representatives, vendors, and other third parties.
Given the global nature of the extractives industry, companies operate within intricate supply chains and international networks. Suppliers, such as domestic and international transport and service providers, often operate in regions prone to political instability, high corruption levels, and environmental risks. It's imperative for oil and gas companies to remain vigilant when entering new markets and establishing relationships in unfamiliar territories.
Across various stages, from exploration and production to refining and marketing, a comprehensive understanding of risk in business relationships is indispensable. To avoid reputational harm, potential loss of export licenses, and legal issues under anti-corruption laws, supply chain and distribution networks must maintain awareness of their third-party relationships and the utilization of their products.
5- Access Global Oil Terminal Insights
Looking to invest in Crude Oil? Within the Crudo Protocol ecosystem users have access to data filtering over 180 different parameters.
Our crude oil service provides complete coverage of global supply, demand, trade, inventory and pricing trends, making this service critical for anyone navigating today’s oil markets.
6- Establish New Connections
Access a list of verified suppliers, vendors and distributors part of the Crudo ecosystem and start new business relationships. Oil and Gas companies registered with Crudo Protocol undergo an in depth due diligence process to ensure safety to all the users part of the ecosystem.
Why on the Blockchain?
The aim of CRUDO Protocol is to integrate the blockchain in the world's leading market: Crude Oil.
Introducing the blockchain in the Oil industry not only gives an opportunity to investors to get into a market usually with very high barriers of entry, but we are developing a solution to change the industry forever. How? Introducing a faster, easier and more transparent way to do business.
Blockchain is used in the CRUDO Protocol ecosystem because of its advantages over traditional payment, security and technology systems. Specifically, it will be used to host the CRUDO token and the smart contracts associated with token distribution, decentralised identity, and staking.
These uses leverage the benefits of the blockchain:
Better Transparency
● All transactions are stored on the blockchain in perpetuity and are visible to anyone. This adds an unprecedented layer of accountability.
Enhanced Security
● Transactions on the blockchain are immutable. No central authority controls the network or can affect a retroactive amendment of the financial ledger.
● Transactions on the blockchain are ‘trustless’, which means that a transaction can take place with assurance of completion without the need for third-party escrow-type facilities or intermediaries which is very often required in real world deals.
True Traceability
● With enhanced transparency comes true traceability. All transactions can be traced back to their original source wallet, which will aid in future-proofing the ecosystem against future regulation.
Improved Speed and Efficiency
● Without the need for centralised entities, those costs that would normally be paid to them are saved. Additionally, as transactions are peer-to-peer, they are often faster and more efficient than traditional fiat payment networks. This is particularly true in cross-border payments that would normally go through multiple intermediaries.
Less barriers of entry
● All that is required to be a participant in a blockchain is an internet connection and a wallet (a piece of software to interpret the blockchain and provide cryptographic verification).
● A decentralised identity allows users to have full control of their digital ID, allowing them to prove identity without relying on third-party entities to prove those claims
Building on BSC
Expanding upon the BNB Chain Blockchain, Crudo Protocol leverages a solution that outperforms existing infrastructures in the developing world. The underlying technology facilitates an enhanced payment system for users, optimising CRUDO token utility, thereby streamlining transactions and reducing resource wastage.
The system enables seamless communication among Crudo Protocol, Port operations, investors, the platform, and the control centre overseeing the entire network.
Crucially, Crudo Protocol is powered by the Binance decentralised public blockchain BNB Chain, serving as the foundational network.
Shared Vision:
BNB Chain stands out for its commitment to a green blockchain, emphasising\ energy efficiency and scalability through the Proof of Staked Authority (PoSA) consensus mechanism. This mechanism, coupled with Ethereum Virtual Machine (EVM) compatibility, addresses concerns surrounding sustainability and security, achieving efficiency beyond other blockchains.
Technological Considerations:
Proof of Staked Authority: BNB Chain combines Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) on the BNB Smart Chain (BSC), ensuring secure network maintenance. The PoSA takes only 3 seconds to verify transactions, providing higher throughput than Ethereum's PoW consensus mechanism.
Fast Finality: BNB Chain's Fast Finality feature enhances security against double-spend and MEV reorg attacks, ensuring irreversible transactions upon confirmation. This offers greater reassurance for users, especially first-time adopters.
TPS: BNB Chain's scalability solutions aim to increase the transactions per second (TPS) to as much as 5,000 in 2023, surpassing the core TPS limit of Cardano and Ethereum.
EVM Compatible: BNB Chain's compatibility with the Ethereum Virtual Machine enables the execution of smart contracts, supporting cross-chain and multi-chain transfers with faster finality and lower transaction fees.
Transaction Fees and Processing: BNB Chain provides transparency in transaction behavior, as once a block is created, it cannot be reverted, eliminating external influences on transactions.
Binance Pay: A secure cryptocurrency payment system supporting various cryptocurrencies and stablecoins, offering low fees and quick settlement times.
Binance Connect: Facilitating fiat-to-crypto on- and off-ramps, enabling seamless integration in regions where digital identities are not widely used.
Layer 2 Chain Support: BNB Chain's design includes Layer 2 Chain support to control transaction speed and costs, ensuring the core chain's success does not hinder the feasibility of the Layer 1 chain, a crucial aspect for increasing scalability for Crudo Protocol on the BNB Chain.
Crudo Token $CRUDO
The Crudo token is the driving force behind the Crudo Protocol, $CRUDO allows our users to benefit from a host of benefits whilst providing discounts and bonuses. Built on the BSC blockchain $CRUDO will be launched on DEX after the presale is completed with a plan to list on a CEX within the first 2 months after the end of public presale. Investors wanting to join the ecosystem will require $CRUDOs to cover transaction fees creating a real world utility for $CRUDO ensuring a real world use case.
Passive Income - By staking Crudo tokens, token holders have the opportunity to generate a passive income.
Rewards - By using CRUDO for payments at the partner’s gas stations, users get rewarded in CRUDO tokens that can then be reused in the ecosystem.
Discounts - Token holders can leverage their tokens to enjoy savings on trading fees and purchases within the Crudo Protocol ecosystem.
Tokenomics
Name: Crudo Protocol
Ticker: CRUDO
Total Supply: 1,000,000,000
Initial Price: $0.008
Chain: BSC (Binance Smart Chain)
Vesting
The Crudo Token vesting plan is structured to ensure market stability by managing the release of tokens in a controlled manner. Here is a detailed explanation of the vesting and airdrop schedule:
Initial Airdrop (Pre-DEX Listing):
Percentage: 20%
Purpose: This initial airdrop aims to discourage immediate selling by providing token holders with a significant portion of their tokens before the listing, thereby fostering a more stable market environment at the outset.
Monthly Airdrops:
Percentage: 10% per month
Frequency: Monthly, on the 8th of each month
Duration: The remaining 80% of tokens will be distributed over the subsequent 8 months
Purpose: This staggered release schedule aims to mitigate the risk of sudden price fluctuations by ensuring a steady and predictable supply of tokens into the market.
Key Points:
Stability: By spreading out the token distribution, the plan aims to prevent large sell-offs that could destabilize the market.
Community Focus: The strategy underscores the project's commitment to a community-driven approach, encouraging token holders to support the project through the launch phase.
This structured vesting and airdrop strategy is designed to align the interests of the project with those of its community, fostering long-term engagement and stability in the token's market performance.
Crudo Mobile App
Features Overview
The Crudo Protocol app acts as a central hub for drivers, offering a seamless user experience. Within the app, users can access real-time gas prices, conduct token transactions on the move, and easily pinpoint nearby gas stations affiliated with Crudo Protocol. This integration simplifies the driving experience by consolidating essential functions into one platform.
Pay for gas with CRUDO tokens
Paying for gas and other services at the petrol stations part of the Crudo Protocol’s ecosystem users will get rewarded in the form of CRUDO tokens creating a real world utility for the CRUDO token and allowing users to save money all the time they go to the petrol station.
Empowering Drivers
Crudo Protocol empowers drivers by providing crucial information based on real time data. With the app's feature for locating the lowest gas prices, drivers can identify cost-effective fueling options, maximizing their savings.
Convenience and Accessibility
The Crudo Protocol app caters to the diverse needs of drivers by being available on both iOS and Android platforms. This emphasis on accessibility underscores Crudo Protocol's dedication to providing user-centric solutions for a broad audience. By putting the ability to find more convenient gas stations at users' fingertips, Crudo Protocol enhances the driving experience with unparalleled convenience.
ROADMAP
Phase 1
THE CONCEPT
CRUDO Protocol Website Launch, Presale announcement, community creation
Commencement of Phase 1 marketing Campaign
Build CRUDO token on BSC and submit for audit
Phase 2
PUBLIC PRESALE
Commencement of public presale
Listing on ICO Marks and ICO hotlist
Development of Crudo App beta version
CoinMarketCap and CoinGecko listing
Listing on DEX
Commencement of Phase 2 Marketing campaigns
Phase 3
LISTINGS AND OPERATIONS
Public Launch of CRUDO App
Development of Crudo for Business
Listing on CEX
First CRUDO community live seminar with top 100 token holders.
Phase 4
GROWTH
Onboarding more partners to join the ecosystem
Listing on tier 1 CEX
Hosting live network events aiming to forge new partnerships with major crypto funds and Oil trading tycoons.
Official Links
Crudo Protocol Official Website: https://crudoprotocol.com/
Telegram: https://t.me/crudoprotocol
Instagram: https://www.instagram.com/crudoprotocol/
X: https://twitter.com/CrudoProtocol
AUTHOR
Introduction
The Crudo Protocol is a transformative platform within the commodities market, leveraging blockchain technology to revolutionize the acquisition and trading of commodities, with a primary focus on crude oil. This innovative platform aims to eliminate the complexities associated with traditional ownership structures, high costs, and limited stock access, offering individuals a transparent, secure, and efficient experience in investing in crude oil. By documenting ownership stakes, transaction history, and cargo management details on an immutable ledger, Crudo ensures transparency and trust among co-owners, eradicating challenges like disputes and mismanagement. The platform facilitates easy exploration of a diverse commodities portfolio, providing users with a seamless opportunity to invest in one of the world's most enduring markets.
The development of the Crudo Protocol project is driven by the need to address real-world challenges in the crude oil market. With the global crude oil market valued at trillions of dollars and projected to experience significant growth, factors such as increasing energy demand, geopolitical developments, and technological advancements influence market dynamics. By adapting to technological advancements, geopolitical shifts, and emerging trends, the project seeks to optimize returns for token holders amidst the evolving landscape of the crude oil market.
In response to the surge in gas prices globally due to various factors like geopolitical tensions and supply chain disruptions, Crudo Protocol introduces a blockchain solution that allows users to use CRUDO tokens for purchasing gas at affiliated petrol stations. Through strategic partnerships with leading gas stations worldwide, the project aims to transform payment infrastructure for drivers and station operators, enhancing convenience and efficiency in the process.
In conclusion, the Crudo Protocol project on the Binance Smart Chain leverages blockchain technology to offer benefits such as transparency, security, speed, efficiency, and real-world utility for CRUDO tokens. By integrating blockchain in the crude oil market and utilizing BNB Chain's advanced features like fast finality and EVM compatibility, Crudo Protocol aims to revolutionize how business is conducted in the commodities market while providing tangible benefits for investors and users alike.
Market Overview
The crude oil sector has witnessed significant attention and fluctuations in recent years, influenced by various factors in the global energy landscape. Currently, with a market valuation surpassing $2.1 trillion, the global crude oil market is projected to experience an annual growth rate of 150% from 2023 to 2030. The increasing demand for energy, geopolitical developments, and advancements in extraction technologies contribute to the evolving dynamics of the market.
Major oil-producing nations, both within and outside organisations like OPEC, play a pivotal role in determining oil prices through production adjustments. Geopolitical events, such as conflicts in key oil-producing regions, can disrupt the supply chain and impact prices. Economic indicators, including global GDP growth, industrial production, and manufacturing activity, influence the demand for crude oil. Moreover, technological innovations in extraction methods and the exploration of alternative energy sources contribute to the complex landscape of the crude oil market.
In the ever-evolving landscape of the crude oil market, our team remains dedicated to employing innovative solutions and staying abreast of market trends. Our objective revolves around enhancing returns on investments in crude oil assets by adapting to market dynamics and employing a versatile approach. As we continue to navigate the volatile nature of the energy sector, we prioritise effective risk management, strategic planning, and dynamic responses to emerging opportunities.
For People
As per the analysts, the retail fuel station market attained a value of $1.8 trillion in 2022 and is anticipated to reach $2.4 trillion by 2032, with a compound annual growth rate (CAGR) of 2.8% from 2023 to 2032.
Crudo Protocol native token, CRUDO, serves as currency that people can use at all affiliated petrol stations and charging points for purchasing gas. Through this process, users earn rewards in CRUDO, which can then be reused within the ecosystem.
Through the evolving CrudoApp, users can pinpoint petrol stations with competitive fuel prices and rewards, and participate in free gas lotteries.
Through strategic partnerships with leading gas and charging stations worldwide, Crudo Protocol seeks to transform the payment infrastructure for an expanding community of drivers and station operators alike, fostering convenience and efficiency in the process.
Problem
In recent years, the global landscape of gas prices has witnessed a notable surge, marked by volatility and upward trajectories. Factors such as geopolitical tensions, supply chain disruptions, fluctuating demand patterns, and economic uncertainties have contributed to the complexity of this phenomenon.
The traditional equilibrium of supply and demand dynamics has been challenged by geopolitical events, including conflicts and sanctions, which disrupt the flow of oil and gas resources. Moreover, shifts in consumer preferences, advancements in technology, and regulatory initiatives aimed at reducing carbon emissions have added layers of complexity to the pricing dynamics.
As a result, consumers, businesses, and policymakers alike are confronted with the multifaceted implications of escalating gas prices, ranging from increased operational costs to broader economic implications.
Crudo Protocol comes into play with a blockchain solution to a real world problem helping families and individuals with the surge of gas prices.
Solution
Crudo Protocol's native token, CRUDO, serves as currency usable at all affiliated petrol stations for purchasing gas. Through this process, users earn rewards in CRUDO, which can then be reused within the ecosystem.
Through the evolving Crudo Protocol App, users can pinpoint petrol stations with competitive fuel prices and rewards, and participate in free gas lotteries.
Through strategic partnerships with leading gas and charging stations worldwide, Crudo protocol seeks to transform the payment infrastructure for an expanding community of drivers and station operators alike, fostering convenience and efficiency in the process.
For Business
By providing comprehensive data and risk management solutions, Crudo Protocol aims to optimize operations and decision-making processes within the industry.
Crudo for Business
1- Live commodities price updates
On the Crudo Protocol for Business hub users can access real time data for oil prices along with other derivatives.
2- Ship AIS Tracker
The most efficient method of distributing real-time AIS feeds with minimal latency is through raw AIS data streaming. The NMEA data format adheres to AIS specifications, allowing data sentences to be processed by software systems designed for AIS hardware equipment such as receivers, transponders, or base stations.
The feed can be filtered based on area, AIS source, or message type. Additionally, position reports can be downsampled to reduce bandwidth between the client and our data center.
3- Immutable documents storage solution
Introducing the ultimate solution for verifying document authenticity! Vendors can now list their products on our platform, connecting with potential buyers. By harnessing the power of blockchain technology, original documents can be securely uploaded and stored on the platform, ensuring they cannot be tampered with.
Here's how it works: When a document is added to the blockchain, it receives a special code called a hash. This code, along with details of the previous block and transaction records, is bundled together and stored within a block. Each block also includes the hash code of the block that came before it, creating an unbreakable chain of information.
If anyone tries to alter the data within a block, the hash code changes. This alteration disrupts the chain, alerting the entire network to the attempted manipulation.
In essence, with our platform and blockchain technology, document authenticity is guaranteed, providing peace of mind to both vendors and buyers alike.
4- Due Diligence Reports
Utilize third-party risk management solutions to efficiently source, onboard, and oversee new suppliers, vendors, and distributors within the oil and gas industry while ensuring compliance with global regulations and safeguarding your company's reputation.
Our solutions enable oil and gas companies to identify, assess, and mitigate risks associated with their business relationships, including freight forwarding companies, clearing agents, construction firms, local representatives, vendors, and other third parties.
Given the global nature of the extractives industry, companies operate within intricate supply chains and international networks. Suppliers, such as domestic and international transport and service providers, often operate in regions prone to political instability, high corruption levels, and environmental risks. It's imperative for oil and gas companies to remain vigilant when entering new markets and establishing relationships in unfamiliar territories.
Across various stages, from exploration and production to refining and marketing, a comprehensive understanding of risk in business relationships is indispensable. To avoid reputational harm, potential loss of export licenses, and legal issues under anti-corruption laws, supply chain and distribution networks must maintain awareness of their third-party relationships and the utilization of their products.
5- Access Global Oil Terminal Insights
Looking to invest in Crude Oil? Within the Crudo Protocol ecosystem users have access to data filtering over 180 different parameters.
Our crude oil service provides complete coverage of global supply, demand, trade, inventory and pricing trends, making this service critical for anyone navigating today’s oil markets.
6- Establish New Connections
Access a list of verified suppliers, vendors and distributors part of the Crudo ecosystem and start new business relationships. Oil and Gas companies registered with Crudo Protocol undergo an in depth due diligence process to ensure safety to all the users part of the ecosystem.
Why on the Blockchain?
The aim of CRUDO Protocol is to integrate the blockchain in the world's leading market: Crude Oil.
Introducing the blockchain in the Oil industry not only gives an opportunity to investors to get into a market usually with very high barriers of entry, but we are developing a solution to change the industry forever. How? Introducing a faster, easier and more transparent way to do business.
Blockchain is used in the CRUDO Protocol ecosystem because of its advantages over traditional payment, security and technology systems. Specifically, it will be used to host the CRUDO token and the smart contracts associated with token distribution, decentralised identity, and staking.
These uses leverage the benefits of the blockchain:
Better Transparency
● All transactions are stored on the blockchain in perpetuity and are visible to anyone. This adds an unprecedented layer of accountability.
Enhanced Security
● Transactions on the blockchain are immutable. No central authority controls the network or can affect a retroactive amendment of the financial ledger.
● Transactions on the blockchain are ‘trustless’, which means that a transaction can take place with assurance of completion without the need for third-party escrow-type facilities or intermediaries which is very often required in real world deals.
True Traceability
● With enhanced transparency comes true traceability. All transactions can be traced back to their original source wallet, which will aid in future-proofing the ecosystem against future regulation.
Improved Speed and Efficiency
● Without the need for centralised entities, those costs that would normally be paid to them are saved. Additionally, as transactions are peer-to-peer, they are often faster and more efficient than traditional fiat payment networks. This is particularly true in cross-border payments that would normally go through multiple intermediaries.
Less barriers of entry
● All that is required to be a participant in a blockchain is an internet connection and a wallet (a piece of software to interpret the blockchain and provide cryptographic verification).
● A decentralised identity allows users to have full control of their digital ID, allowing them to prove identity without relying on third-party entities to prove those claims
Building on BSC
Expanding upon the BNB Chain Blockchain, Crudo Protocol leverages a solution that outperforms existing infrastructures in the developing world. The underlying technology facilitates an enhanced payment system for users, optimising CRUDO token utility, thereby streamlining transactions and reducing resource wastage.
The system enables seamless communication among Crudo Protocol, Port operations, investors, the platform, and the control centre overseeing the entire network.
Crucially, Crudo Protocol is powered by the Binance decentralised public blockchain BNB Chain, serving as the foundational network.
Shared Vision:
BNB Chain stands out for its commitment to a green blockchain, emphasising\ energy efficiency and scalability through the Proof of Staked Authority (PoSA) consensus mechanism. This mechanism, coupled with Ethereum Virtual Machine (EVM) compatibility, addresses concerns surrounding sustainability and security, achieving efficiency beyond other blockchains.
Technological Considerations:
Proof of Staked Authority: BNB Chain combines Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) on the BNB Smart Chain (BSC), ensuring secure network maintenance. The PoSA takes only 3 seconds to verify transactions, providing higher throughput than Ethereum's PoW consensus mechanism.
Fast Finality: BNB Chain's Fast Finality feature enhances security against double-spend and MEV reorg attacks, ensuring irreversible transactions upon confirmation. This offers greater reassurance for users, especially first-time adopters.
TPS: BNB Chain's scalability solutions aim to increase the transactions per second (TPS) to as much as 5,000 in 2023, surpassing the core TPS limit of Cardano and Ethereum.
EVM Compatible: BNB Chain's compatibility with the Ethereum Virtual Machine enables the execution of smart contracts, supporting cross-chain and multi-chain transfers with faster finality and lower transaction fees.
Transaction Fees and Processing: BNB Chain provides transparency in transaction behavior, as once a block is created, it cannot be reverted, eliminating external influences on transactions.
Binance Pay: A secure cryptocurrency payment system supporting various cryptocurrencies and stablecoins, offering low fees and quick settlement times.
Binance Connect: Facilitating fiat-to-crypto on- and off-ramps, enabling seamless integration in regions where digital identities are not widely used.
Layer 2 Chain Support: BNB Chain's design includes Layer 2 Chain support to control transaction speed and costs, ensuring the core chain's success does not hinder the feasibility of the Layer 1 chain, a crucial aspect for increasing scalability for Crudo Protocol on the BNB Chain.
Crudo Token $CRUDO
The Crudo token is the driving force behind the Crudo Protocol, $CRUDO allows our users to benefit from a host of benefits whilst providing discounts and bonuses. Built on the BSC blockchain $CRUDO will be launched on DEX after the presale is completed with a plan to list on a CEX within the first 2 months after the end of public presale. Investors wanting to join the ecosystem will require $CRUDOs to cover transaction fees creating a real world utility for $CRUDO ensuring a real world use case.
Passive Income - By staking Crudo tokens, token holders have the opportunity to generate a passive income.
Rewards - By using CRUDO for payments at the partner’s gas stations, users get rewarded in CRUDO tokens that can then be reused in the ecosystem.
Discounts - Token holders can leverage their tokens to enjoy savings on trading fees and purchases within the Crudo Protocol ecosystem.
Tokenomics
Name: Crudo Protocol
Ticker: CRUDO
Total Supply: 1,000,000,000
Initial Price: $0.008
Chain: BSC (Binance Smart Chain)
Vesting
The Crudo Token vesting plan is structured to ensure market stability by managing the release of tokens in a controlled manner. Here is a detailed explanation of the vesting and airdrop schedule:
Initial Airdrop (Pre-DEX Listing):
Percentage: 20%
Purpose: This initial airdrop aims to discourage immediate selling by providing token holders with a significant portion of their tokens before the listing, thereby fostering a more stable market environment at the outset.
Monthly Airdrops:
Percentage: 10% per month
Frequency: Monthly, on the 8th of each month
Duration: The remaining 80% of tokens will be distributed over the subsequent 8 months
Purpose: This staggered release schedule aims to mitigate the risk of sudden price fluctuations by ensuring a steady and predictable supply of tokens into the market.
Key Points:
Stability: By spreading out the token distribution, the plan aims to prevent large sell-offs that could destabilize the market.
Community Focus: The strategy underscores the project's commitment to a community-driven approach, encouraging token holders to support the project through the launch phase.
This structured vesting and airdrop strategy is designed to align the interests of the project with those of its community, fostering long-term engagement and stability in the token's market performance.
Crudo Mobile App
Features Overview
The Crudo Protocol app acts as a central hub for drivers, offering a seamless user experience. Within the app, users can access real-time gas prices, conduct token transactions on the move, and easily pinpoint nearby gas stations affiliated with Crudo Protocol. This integration simplifies the driving experience by consolidating essential functions into one platform.
Pay for gas with CRUDO tokens
Paying for gas and other services at the petrol stations part of the Crudo Protocol’s ecosystem users will get rewarded in the form of CRUDO tokens creating a real world utility for the CRUDO token and allowing users to save money all the time they go to the petrol station.
Empowering Drivers
Crudo Protocol empowers drivers by providing crucial information based on real time data. With the app's feature for locating the lowest gas prices, drivers can identify cost-effective fueling options, maximizing their savings.
Convenience and Accessibility
The Crudo Protocol app caters to the diverse needs of drivers by being available on both iOS and Android platforms. This emphasis on accessibility underscores Crudo Protocol's dedication to providing user-centric solutions for a broad audience. By putting the ability to find more convenient gas stations at users' fingertips, Crudo Protocol enhances the driving experience with unparalleled convenience.
ROADMAP
Phase 1
THE CONCEPT
CRUDO Protocol Website Launch, Presale announcement, community creation
Commencement of Phase 1 marketing Campaign
Build CRUDO token on BSC and submit for audit
Phase 2
PUBLIC PRESALE
Commencement of public presale
Listing on ICO Marks and ICO hotlist
Development of Crudo App beta version
CoinMarketCap and CoinGecko listing
Listing on DEX
Commencement of Phase 2 Marketing campaigns
Phase 3
LISTINGS AND OPERATIONS
Public Launch of CRUDO App
Development of Crudo for Business
Listing on CEX
First CRUDO community live seminar with top 100 token holders.
Phase 4
GROWTH
Onboarding more partners to join the ecosystem
Listing on tier 1 CEX
Hosting live network events aiming to forge new partnerships with major crypto funds and Oil trading tycoons.
Official Links
Crudo Protocol Official Website: https://crudoprotocol.com/
Telegram: https://t.me/crudoprotocol
Instagram: https://www.instagram.com/crudoprotocol/
X: https://twitter.com/CrudoProtocol
AUTHOR
Bitcointalk Username: Nur Laili
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3241575
Wallet Address: 0xeec50ed719af8a3527b5f81f31f1efdf85303ba9
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