OILage is a decentralized energy prosumer platform that aims to revolutionize the renewable energy industry. It introduces a dual token system, with the OIL token representing platform maintenance and value, and the POWer Token (POW) facilitating transactions between bioenergy companies (prosumers) and users (hosts). The platform is operated by smart contracts, ensuring transparency and fair exchange of renewable energy.
With a total supply of 1,000,000,000 tokens and a circulating supply of 10,000,000 tokens, OILage ensures a sufficient token distribution to support its ecosystem. The OIL token represents the investor’s business contribution and provides corresponding rewards. Business returns are paid in POWER tokens every quarter, based on the amount of OIL held by investors.
The architecture of OILage is designed to enable transparent and profitable business operations. The dual token system, operated by smart contracts, ensures a fair value exchange of renewable energy. The OIL and POW tokens have specific functionalities and use cases, allowing for seamless interaction between prosumers and hosts. Overall, OILage offers an innovative solution to decentralized energy production and consumption.
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