Roadmap
At OilXCoin, our vision is clear: the next evolutionary step in the world of digital assets.
Q1/Q2 2023
Foundation and Preparation
- Development of the initial OilXCoin whitepaper
- Concept creation for the asset backing foundation (for the later identification, auditing and securing of natural gas and oil reserves)
- Compliance setup and formulating of first legal documentation
Q3 2023
Technical Development and Legal Framework
- Detailed market research
- NFT Smart contract & design
- Set up of first OIP/GIP reserves in escrow
- Begin of regulatory preparations with Lenz&Staehelin law firm
Q4 2023
NFT Launch Preparations
- Founding of the company’s legal presence in Zug, Switzerland
- Commencing of website development
- Auditing of smart contracts for the NFT
- Identification of business partnerships (O&G and crypto)
Q1 2024
"Pre-Sale" Launch of NFT
- Implementation of KYC process and payment method to facilitate sales
- Launch of restricted website and begin of private NFT placement for select investors in CH, AT, DE and IT
- Begin of prospectus drafting for submission in Liechtenstein
Q2 2024
Expansion and Regulatory Activities
- Continuing of regulatory preparations and drafting of required legal documentation
- Implementation of enhanced website features
- Onboarding of Marketing & PR Partner
Q3 2024
Smart Contract Ecosystem
- Finalization of smart contracts ecosystem
- Begin of implementation of marketing strategy
- Signing of MOUs and/or Participation Agreements for select O&G leases in escrow
- Expanding of business partnerships
Q4 2024
Submission of Prospectus
- Completion of token launch strategy
- Onboarding of additional finance competency
- Integration of Jumio / TrustCloud for the website KYC
- Submission of the token prospectus to the FMA in Liechtenstein
Q1/2025
Approval of Prospectus by the FMA
- Onboarding of additional coding competency & capacity
- Execution of smart contract audits for the token
- Commencing of “general solicitation” in select jurisdictions (after approval of the EU Growth Prospectus)
Q2/2025
Token Launch
- Setup of operational organization to manage the token post-launch
- Finalizing of secondary market partners
- Begin of public circulation of the token
- Addressing of escrow(s) to form asset base
Q3 / 2025
Commencing of oil production
- Acquisition of production leases (reserves) in Kansas, USA
- Identification of additional oil & gas lease partners (US and Caribbean)
- Media presence & sponsorships
Q4 / 2025
Secondary Market Listing
- Token launch on the secondary market (Archax & Assetera)
- Initial EOR (Enhanced Oil Recovery) measure implemenation for the Kansas lease
- Launch of “Digital Asset Briefings” educational events
- Presence at Token2049 and FinTech Festival
Q1 / 2026
Build-out of oil leases
- Further EOR (Enhanced Oil Recovery) measures implementation
- Activation of improved KYC process (new provider: Sumsub)
- Improved UX (integration of additional payment options)
- Presence at Digital Asset Forum in London