Bitcoin Oil

The New Bitcoin Fork from Switzerland

Bitcoin Oil (BTCO) is the official name of Bitcoin’s 2019 PoS hard fork which will implement a whole range of long overdue Bitcoin improvements based on the “Optimally Improved Ledger” (OIL) technology. The centerpiece of BTCO and its OIL will be the highly innovative "SSPSS" strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability (or "SSPSS").

About Bitcoin Oil

BTCO hard fork is launching in 2019.
1
Stability
Minimizing Bitcoin’s volatility (i.e. by creating an incentives-based economy).
2
Sustainability
Drastically reducing Bitcoin’s insane energy consumption (i.e. by altering the consensus protocol to PoS).
3
Privacy
Implementing true privacy features (i.e. by enabling confidential transactions).
4
Smart Sidechains
Empowering Bitcoin based ICOs and STOs (i.e. by employing full smart contract functionalities).
5
Scalability
Developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions).
Bitcoin Oil (BTCO) is a new cryptocurrency based on the original Bitcoin blockchain technology which will be launched in 2019. The implementation of BTCO hard fork will create the most technologically advanced version of Bitcoin.

Core Principles

Stable Currency

BTCO will provide price stability through BTCO holders' loyalty.

Energy Saving

BTCO will implement PoS and solve Bitcoin's energy consumption problems.

Privacy Protection

BTCO will make the privacy protection of its users a top priority.

Sidechain Mothership

BTCO will be the mothership for numerous sidechain applications.

Unlimited Scalability

BTCO will create unprecedented PoS based scalability solutions.

Capped Supply

BTCO will be a deflationary cryptocurrency with limited supply.

Low Fees

BTCO will introduce extremely competitive transaction fees.

Instant Transactions

BTCO will feature instant transactions with immediate execution.

Open Source

BTCO will be open source and available for review and verification.

Community Made

BTCO will be launched by and for members of the Bitcoin community.

Concentrated Decentralization

BTCO will use the advantages of a concentrated ICO to create decentralization.

Concerted Effort

BTCO will use its proceeds to finance a concerted major development effort.

Why a hard fork?

Decentralized governance remains a huge issue and one of the main problems for Bitcoin in the future. When 95% supermajority of miners is required for the approval of change and only a few core developers could decide about Bitcoin Improvement Proposals (BIP) review and innovation, many years pass without innovation or improvements. Therefore, Bitcoin Oil has decided to end this innovation backlog by centralizing change. We believe "it takes a revolution to make a solution", and important improvements can only be accomplished in a timely manner as a result of a concerted action, which is why Bitcoin Oil has organized itself as company and has chosen the means of a hard fork to accomplish the wide range of innovations identified in our SSPSS strategy. It would probably take forever to get something as complex as our SSPSS innovations done in this long-winded BIP structure. Imagine what Bitcoin Oil's highly talented team of developers could accomplish in a few months or half a year, as after the ICO our team will have access to more developers than Bitcoin and our developers will be encouraged to fast-track all key developments without this lengthy BIP formalities. Hence, we will take several of Bitcoin's most promising pending BIPs and add several more of our own BIPs and create an unparalleled wave of innovations in such a short time, that the world will be able to choose between two versions of Bitcoin, one of which is still looking at a whole range of pending innovations and one of which will have already incorporated all of these (and many more) improvements.

Need for Change

Mass adoption is one of the main objectives of Bitcoin Oil's strategy, and in order to accomplish a meaningful market penetration rate, various key Bitcoin improvements can be considered mission critical in order to eliminate the following weaknesses and flaws of Bitcoin:
  • High price volatility and no reliable stability mechanisms
  • No intrinsic value and a lack of valuable coin holding incentives
  • Insane energy consumption and environmentally unfriendly
  • Very limited privacy protection and absence of anonymity
  • No smart contract functionalities and token creation features
  • Scalability problems and a limited amount of possible transactions
  • Slow confirmation times and inability to process quick transactions
  • Huge transaction fees leading to congestion in the network
  • Long-term security implications of its hashing SHA256 algorithm

Our Solution

Our solution will resolve Bitcoin’s innovation backlog and create a truly groundbreaking Bitcoin based blockchain technology. In this sense, it is very important to understand that Bitcoin Oil – unlike Bitcoin – will not have to follow the lengthy and protracted BIP procedures which make rapid change almost impossible. Contrary to that inhibitor of innovation, Bitcoin Oil has straight forward agreements in place with some of the largest blockchain and Bitcoin development companies in the world, which will be commissioned by us to build Bitcoin's 2019 BTCO fork and all subsequent improvements thereof.



Hard Fork

  • Forking an identical copy of today’s Bitcoin (BTC)
  • Adding various BTC’s long-pending BIPs
  • Including several more proprietary improvements
  • Launching the most advanced Bitcoin version
  • Distributing BTCO coins to all BTC coin holders

Stability

  • Massive reduction of market price volatility
  • Creating market price stability mechanisms
  • Implementing an economy of incentives
  • Rewarding coin holders, stakers, participants - Generating constant passive income streams
  • Generating constant passive income streams

Sustainability

  • Replacing BTC's PoW by BTCO's PoS algorithm
  • Eliminating Bitcoin's insane energy consumption
  • Ensuring a clean and environmentally friendly conscience
  • Establishing independence from electricity supply
  • Developing very competitive transaction fees

Privacy

  • Realizing anonymization strategies to protect privacy
  • Preventing tracing and ascertaining of sender's IP addresses
  • Enhancing on-chain privacy for senders and recipients
  • Increasing competitiveness by adding confidential transactions
  • Advancing tools such as Schnorr signatures, MAST, etc.

Smart Sidechains

  • Building innovative duplex micropayment channels
  • Enabling ICOs and STOs on our Bitcoin-based blockchain
  • Facilitating incentivized and enforced execution of smart contracts
  • Representing decentralized autonomous applications worldwide
  • Integrating numerous other platforms with a 2-way peg

Scalability

  • Featuring layer 2 protocols and off-chain computations
  • Boosting the amount of possible network transactions
  • Altering transaction size and frequency limitations
  • Amplifying throughput without placing extra demand
  • Researching further scalability solutions like sharding

The Vision

One day, all people on this planet (and beyond) will have the opportunity to use cryptocurrencies, realizing the full potential of decentralization in general and Bitcoin in particular, to drive a new era of economic change, growth, productivity, and prosperity. Therefore, Bitcoin Oil's mission is to create a better future for all by utilizing the unparalleled benefits of cryptocurrency and the amazing opportunities of an improved version of Bitcoin. In order to accomplish such a complex process of change, a certain amount of temporary centralization will be required, which is why Bitcoin Oil develops its highly innovative BTCO hard fork. As key element of this strategy Bitcoin Oil focusses on its intention to "go green" by utilizing the Proof of Stake (PoS) protocol to solve Bitcoin's serious energy consumption problems and related issues. We have an opportunity as Bitcoin Oil to mitigate, for the first time, a significant concern that cryptocurrency users have regarding a large amount of electric energy consumed by Bitcoin miners.

Downloads

For more information regarding all additional technical details and specifications please review our forthcoming white paper and yellow paper both of which will be released shortly, once our team has completed its white paper and yellow paper work and approval process. In the meantime, please read our Light Paper and our Pitch Deck.

Our Advantages

The implementation of the BTCO hard fork will create the technologically most advanced version of Bitcoin. The centerpiece of BTCO and its "Optimally Improved Ledger" (OIL) will be the highly innovative "SSPSS" strategy (Stability – Sustainability – Privacy – Smart Sidechains – Scalability) focusing on the development of superior Bitcoin improvements. All innovations will be implemented by world-leading developers, creating huge opportunities and enormous potential for all BTCO participants and the entire Bitcoin community.

Our forthcoming 2019 hard fork has many advantages and will implement a whole range of long overdue Bitcoin improvements based on our “Optimally Improved Ledger” (OIL) technology.



Superior Technology

Bitcoin Oil‘s technology and features will be superior to Bitcoin‘s current blockchain.

Proven BIPs

Bitcoin Oil‘s developers will implement various important and long overdue BIPs.

Leading Developers

Bitcoin Oil‘s team of developers and external partner firms provide world-class resources.

Enormous Potential

Bitcoin Oil offers an enormous potential for early adopters and future use cases.

ICO

In order to implement all predetermined Bitcoin improvements in a relatively short timeframe, Bitcoin Oil has straight forward agreements in place with some of the largest blockchain and Bitcoin development companies in the world, which will be commissioned by us to build Bitcoin's 2019 BTCO fork and all subsequent improvements thereof. A significant amount of all ICO proceeds will be used for these technological developments (both front-end & back-end and hardware & software).
ICO Structure: Bitcoin Oil's ICO is structured in three rounds which followed the initial seed rounds: the private presale, the public presale, and the ICO sale.
Pricing and Bonus: The bonus for the private presale is 85%, the bonuses for the public presale are expected to range from 55% to 75%, and the bonuses for the ICO sale are expected to range from 15% to 45%.
Amount of Proceeds: Based on the assumption that all three rounds of Bitcoin Oil's ICO would be entirely sold, the total amount of gross proceeds are expected to be approximately $102,000,000.
Split Adjustment: To optimize fungibility and tradability (and avoid the Berkshire Hathaway share price problem) BTCO implements a computed 1:1,000 "forward split" resulting in a BTCO coin price divided by 1,000 and a maximum supply multiplied by 1,000 (compared to BTC), based on a predetermined BTC price of US$1,000.
Maximum Supply: The maximum amount of BTCO that will ever exist in the lifetime of the cryptocurrency will be 21,000,000,000 (21 billion) BTCO (capped supply).
Total Supply: The total amount of BTCO in existence at its launch after the ICO sale will be 5,000,000,000 (5 billion) BTCO.
Circulating Supply: The number of BTCO that will be circulating in the market and in the general public's hands will be 3,000,000,000 (3 billion) BTCO.
Reserve Amount: A total of 2,000,000,000 (2 billion) BTCO will be temporarily held by Bitcoin Oil (e.g. to increase network safety by making, for example, any 51% attack much harder) and released to the community (e.g. in form of reward payments) as decentralization increases over time.
Distribution of BTCO: Bitcoin Oil will allocate a fair share of its total supply to all current Bitcoin (BTC) holders. Please note: Bitcoin Oil will never ask you for your private keys; for further details regarding details and procedures, please review our forthcoming white paper.
Use of Proceeds: A significant amount of all ICO proceeds will be used for these technological developments (both front-end & back-end and hardware & software); for further details regarding the detailed use of proceeds, please review our forthcoming white paper.
In addition, figures, mechanism, manners and any transactions described above relating to public presale or ICO sale may be different in or absent from and additional figures, mechanism manners and any transactions relating to public presale and ICO sale may be added in the final version of the White Paper.

How to Participate

Currently, Bitcoin Oil is in the process of conducting its private presale of certain promissory notes in the aggregate principal amount of US$1.5 million, payable in BTCO upon the completion of the ICO. Bitcoin Oil has invited its network of "friends & family" purchasers and early-stage development partners and others to participate in the private presale which is expected to close in the second half of March 2019. The private presale will be completed in one or more transactions outside the United States in accordance with Regulation S of the Securities Act of 1933, as amended, and in the United States only to purchasers who are "accredited investors" within the meaning of subparagraph (a) of Rule 501 in reliance on Regulation D of the Securities Act of 1933, as amended. In addition, the offering and sale of the notes and the delivery and distribution of the notes or BTCO may be restricted by laws in certain other jurisdictions. Bitcoin Oil may, from time to time, revise the foregoing mechanics to comply with regulatory requirements or other governmental or business obligations as Bitcoin Oil deems appropriate or desirable under the circumstances.

Pricing and Bonuses


The bonus for the private presale is 85%

The bonuses for the public presale are expected to range from 55% to 75%

The bonuses for the ICO sale are expected to range from 15% to 45%

Roadmap

The following roadmap represents an overview of the past one and a half years since Bitcoin Oil's inception and an outlook to the future (including key milestones as we expect them to happen):

November 2017

Platform Idea
The origin of Bitcoin Oil's blockchain platform idea. Development of the concept of our overall business plan.

January 2018

Elaboration of Platform
Elaboration of Bitcoin Oil's blockchain platform. Integration into a suitable legal model for various jurisdictions. Attracting internal investments from existing partners to pre-finance the initiative. Development of a pilot paper for circulation.

June 2018

Internal Fundraising
Attracting of further investments from existing partners. Preparation for Bitcoin Oil's company formations. Additional team building.

August 2018

Attraction of Advisors
Attraction of key international advisors. Further development of the Bitcoin Oil platform concept. Preparations for technical details.

September 2018

Technical Details
Development of partnerships for technical details. Agreements with key partners and partner companies. Development of more detailed briefing documents.

October 2018

Preparing for ICO
Formation of Bitcoin Oil's Advisory Board. Internal start of platform concept development. Begin of ecosystem specifications (involving partners). Attending key crypto events for strategic meetings.

November 2018

Preparing for ICO
Additional preparations for ICO. Engagement of additional legal advisors. Continue the concept development for the platform. Ecosystem specifications continuation (more partners involved).

February 2019

Hiring Campaign
Begin of Bitcoin Oil's hiring campaign to increase team. Signing LOIs with key blockchain partner firms. Adding more people to the Advisory Board.

March 2019

Starting Private Presale
Receiving additional funding as part of the private presale. The release of the first Light Paper. Building a developer alliance to support our developments. Working closely with highly specialized Bitcoin development companies.

May 2019

Conducting Public Presale
Launching the Public Presale of BTCOs. The release of the first white paper. Attending more crypto events and presenting to investors. Preparation for BTCO listings on cryptocurrency exchanges.

June 2019

Launching ICO
Conducting the ICO sale for BTCO. The release of the first technical yellow paper. Development of further Bitcoin Oil specifications. Definition of Bitcoin Oil integration with partner applications. More detailed briefings of functionality development.

Q2 2019

Internal Beta Release
Internal Platform Beta release. Internal Web Wallet and Mobile Wallet Beta versions. Working on the integration of feature releases. Continuation of an active development process. Continuing preparation for BTCO listings on cryptocurrency exchanges.

Q3 2019

Hard Fork
The launch of Bitcoin's BTCO hard fork. Distribution of total BTCO supply to all coin subscribers. Conducting distribution of BTCOs to all BTC holders in connection with the hard fork. BTCO listings on various non-U.S. cryptocurrency exchanges. The release of the final version of the technical yellow paper. Further development of additional improvements.

Q4 2019

Further Developments
Additional development of more complex improvements. Involvement of specialized partners to develop certain features. BTCO listings on additional non-U.S. cryptocurrency exchanges.

Q1-Q4 2020

Implementation Additional Features
Introduction of our peer-to-peer micropayment platform. Presentation of our integrated e-commerce solutions Implementation of additional and more complex new features. Further development of additional improvements.

Q1-Q4, 2021

Further Developments
Implementation of additional and more complex new features. Further development of additional improvements.

Development Team

Fortunately, Bitcoin Oil will not have to follow the lengthy and protracted BIP procedures which make rapid change almost impossible. As outlined before, Bitcoin Oil has straight forward agreements in place with some of the largest blockchain and Bitcoin development companies in the world, which will be commissioned by us to build Bitcoin's 2019 BTCO fork and all subsequent improvements thereof. So, Bitcoin Oil is in the process of implementing a threefold development approach by integrating in-house development teams, outsourced individual developers, and large blockchain development companies, thereby enabling Bitcoin Oil to ensure the availability at all times the resources required for its continued technical implementation process. Therefore, Bitcoin Oil recently announced details of its plan to partner with top-rated blockchain development companies to roll out its strategic plan and roadmap, including the forthcoming Proof-of-Stake ("PoS") based Bitcoin hard fork. Ahead of this hotly anticipated milestone, Bitcoin Oil has already launched a hiring campaign with several new job postings being published on the internet for its internal team of developers. At the same time, Bitcoin Oil built partnerships with more than a handful of well-known blockchain development companies in different countries to become development partners for Bitcoin Oil's technical blockchain developments providing a workforce of several hundred developers.

Technical Development Team

Bitcoin Oil assembled a cutting edge technical team that will provide key guidance in terms of the development of the Bitcoin PoS hard fork and the implementation of all subsequent BIPs

Margo Bogdanova (Advisory Board):

Senior software and hardware design lead with many years experience in the ICO and post-ICO world. Aptitude in the creation and application of crypto wallets and overall user experience. Margo previously served as a senior marketing executive with 15 years of delivering quantifiable results in a data-driven environment that covered brand marketing, strategy, PR, event planning, digital marketing, and advertising. She also holds a degree in Management from San Francisco State University and an MBA from State University of Management in Moscow, Russia.

Rajesh Kumar Radhakrishna (Chief Software Architect):

Technical solutions architect with over 8 years of experience. Rajesh Radhakrishnan is a seasoned digital solutions architect with expertise in Blockchain , AI, machine learning , cryptography, ICO’s and cloud computing . He has worked on both private and public Blockchain technologies for enterprises , governments and health care . In public Blockchain Rajesh helped ICOs to build their Blockchain network , audit with different crypto exchanges, play a key role in E2E architecture and design , and frame the technical white paper.

Rosheel Baig (Advisory Board):

CEO and Co-founder of Blockchain Expert Solutions. Rosheel is mainly responsible for the Business Development of the organization while also playing a vital role in the management of the company. He is a skilled IT Specialist having 12 years experience heading a huge team of developers including Blockchain, Big Data, Artificial Intelligence, Whitepaper, SRS for complex Blockchain Design and financial analysis of Projects. Rosheel has held many Senior Software Engineer roles as well as having a computer science degree.

Mudaser Iqbal (Advisory Board):

CIO and Co-founder of Blockchain Expert Solutions. Mudaser is an expert in writing quality whitepapers, SRS for complex blockchain design, ICO planning & execution and financial analysis of projects. Prior to launching BES in Pakistan, he has over 12 years of experience in the Information Technology industry. Mudaser previously held CEO title for BlisFix and Principal Software Engineer for NorthBay Solutions. He has designed and developed many enterprise-class Mobile, Web, Social, and Big Data solutions for some of the world’s most innovative start-ups. He has lead many mobile and web projects including cross platform mobile games and business solutions. He is proficient in the design software architectures, analysis of time estimates, defining engineering & development processes, engaging in code reviews and technical debt analysis, and publishing apps. Mudaser holds a Masters degree in Computer Science as well as a Master of Philosophy, Computer Science.

Omar Zaki (Advisory Board):

CEO and founder of Forest Park Advisors and MBYS. Omar also serves as the CEO and Chief Portfolio Manager of Armitage Capital, a hedge fund focused on investing in biotechnology companies. Prior to this, he was a software developer at several large hedge funds focused on biotechnology investing, as well as Morgan Stanley’s Institutional Equities Division. Omar is also a biologist researching the Golgi under the advisory James Rothman, attempting to elucidate the structural mechanisms behind intra-Golgi protein trafficking. He was an early investor in the crypto space and continues to remain passionate about the space. He studied Computer Science, Physics and Economics at Yale University.

David Lolaev (Advisory Board):

Commercial Director and Co-founder of Coin Makers. David participated in the development of the ICO market at the dawn of its appearance and holds a PhD in economic sciences, diploma with honors. He is an expert on the state purchases since 2017г and has worked in various fields including the banking sector; the center of authorization and the public procurement market. In 2016, David became actively interested in the development of the crypto-currency market and became engaged in the study of blockchain technology while actively participating in the development of the ICO market in the Russian Federation. In 2017, together with partners, he established ICO Brothers, which today is the leader in consulting for the launch of ICO projects and combines a large list of services that are in demand for the market, from the stage of origin, to holding an ICO, to listing and maintaining projects.

Romanuk Artem (Advisory Board):

Chief of Business Development and Co-founder of Coin Makers. Born in the city of Neryungri, Romanuk received a higher education in jurisprudence. He previously held the director of ales position at a large firm until he was engaged in sales development for the largest portal known as Utro.ru, who saw traffic of up to 6 million people per day. From 2016, he began studying thecrypto industry and blockchain. He soon became a crypto enthusiast and investor. In 2017, he took the position of chef of business development in the company icobrothers.com During this time he has consulted over 50 ICO projects and is a public speaker at many cryptocurrency events.

Phan Trung Sinh (Advisory Board):

Blockchain freelance developer with over a decade of experience. Phan works as a freelance developer to build blockchain networks, launch ICOs, build Ethereum smart contracts and construct decentralized Applications. Phan is proficient in Blockchain, Cryptocurrency, ICOs, Bitcoin, Ethereum, Cryptography, C/C++, Solidity, Truffle, Javascript, Golang, Python, Node.js, and Ruby on Rails. He has built over 15 applications and worked on over a dozen blockchain projects. Phan also holds a degree in computer science and software engineering from Bach Khoa University.

Board and Executive Team

Bitcoin Oil managed to bring together high-profile executives from different industries and diverse backgrounds, including blockchain, oil & gas, finance, academic and jurisprudence.

Donald H. Goree, Chairman & C.E.O:

has over 40 years’ experience in oil and gas industry involving exploration and production, oil and gas pipeline construction and operations, natural gas gathering, processing and gas liquification. Mr. Goree served as Chairman and Chief Executive officer of Azur Holdings Inc., Managing Director of Reliance IB Fund LLC, and Chairman / CEO of Global Xchange Solutions AG. Additionally Mr. Goree has over 30 years’ experience in commercial and Investment Banking.

Donald W. Orr, President:

is a degreed geologist with over 42 years of experience in the fields of oil and gas geology and production operations. Mr. Orr has drilled over 250 wells with a success rate exceeding 70% and worked-over or rejuvenated more than 200 wells as owner and operator. Mr. Orr formerly held a position with Seven Energy, a wholly owned subsidiary of Weatherford International in 2005, where he pioneered numerous innovations in UBD (underbalanced drilling). Mr. Orr additionally founded XNP Resources.

E. Frank Hill, Chief Operations Officer & Director:

is a second-generation oil man, whom started his first company at the age of 27, drilling his first wildcat well and making a new gas well discovery in 1978. Frank Hill brings to the table a combination of management experience within the office and Operations in the field. Mr. Hill's experience has included operations in the Texas Gulf Coast, the wetlands area, the Lower Rocky Mountains, San Juan Basin and the Appalachian Mountains.

R. Lloyd Ross, Jr., Director & Chief Financial Officer:

has an extensive background in Corporate Finance and high-level accounting. As a C level executive, Mr. Ross has worked with several public companies and has directed nearly $1.0 Billion in corporate engagements involving mergers, IPO’s, acquisitions, divestitures and turn arounds. Additionally, Mr. Ross’s corporate finance experience includes management of financial departments for companies with $500 Million in annual revenues and worked for the management, audit consulting division of KPMG. Mr. Ross holds an MBA with concentration in Finance and is a licensed Certified Public Accountant.

David M. Smith, Esq., Oil and Gas Legal Counsel:

is a licensed attorney in Texas with over 40 years’ experience in the legal field of oil and gas exploration and production, manufacturing, purchase and sale agreements, exploration agreements, land and leaseholds, right of ways, pipelines, surface use, joint operating agreements, joint interest agreements, participation agreements operations as well as transactional and litigation experience in oil and gas, real estate, bankruptcy and commercial industries. Mr. Smith spent ten years as a landman serving as Vice President of Land and, later, as President. Mr. Smith holds a degree in Finance from Texas A&M University, a Doctor of Jurisprudence from South Texas College of Law and is licensed before the Texas Supreme Court.

Michael Martin, Land Manager of Bitcoin Oil Inc.:

is experienced oil and gas landman with 40 years of experience all phases of land acquisition, contract negotiations and preparations, pipeline right-of-ways and gathering system acquisitions, extensive background in oil and gas title examinations, and division of interest title curative specialist. Mr. Martin was formerly VP of Land for an independent oil company, Manitou Exploration Co. Inc., where he managed property acquisitions, negotiated purchase and sale agreements, managed leasing activities. Over the course of his career, Mr. Martin has worked on behalf of the General Land Office, State of Texas, Highway Department, State of Texas, R. W. Stewart & Associates, Petrohawk, Union Pacific Resources, U. P Fuels and U’ P Highlands, and Duke Energy Services, and Sandridge Oil and Gas. Mr. Martin attended University of California for Real Estate. He holds his certification and license withTexas Real Estate, California Real Estate, and is a Texas Easement or Right of Way Agent.

Hannah Paddock, Chief Marketing Officer:

has over 10 year‘s experience in the strategic marketing and promotion industry. Over the course of her career, Ms. Paddock has worked for various companies, as well as owned her own marketing firm to independetly represent clients. Ms. Paddock also currently serves as Executive Coordinator for Filling in the Blanks, a 501-c non-profit. Ms. Paddock holds both Bachelor of Arts and Bachelor of Science degrees from The University of North Carolina, Wilmington.

Bitcoin Oil’s Executives & Swiss Board Of Directors

Dr. Ian Wingfield, Chairman of the Board & C.E.O:

has over 30 years of Directorship experience in many public listed companies and national organizations. Ian holds a PhD from Imperial College having studied previously at the London School of Economics. He is presently a Director of the London Waste & Re-cycling Board and of the UCW 2001 Pension Trustee Company. His background covers both the private and public sectors primarily in the banking, mining, telecoms and postal sectors. He has also been a leading Cabinet member at Southwark Council having held numerous executive positions in London local government and is a member of two Livery Companies in the City of London.

R. Lloyd Ross, Jr., Director & Chief Financial Officer:

has an extensive background in Corporate Finance and high-level accounting. As a C level executive, Mr. Ross has worked with several public companies and has directed nearly $1.0 Billion in corporate engagements involving mergers, IPO’s, acquisitions, divestitures and turn arounds. Additionally, Mr. Ross’s corporate finance experience includes management of financial departments for companies with $500 Million in annual revenues and worked for the management, audit consulting division of KPMG. Mr. Ross holds an MBA with concentration in Finance and is a licensed Certified Public Accountant.

Donald C. Winfrey, Director:

is currently the Chairman and CEO of N-Compass.TV. Mr. Winfrey was former President of Azur Holding, Executive Vice President of US operations for Xentel DM and President of CD3 Storage Systems. Mr. Winfrey studied business administration at South West Texas State, and is a Veteran of the United States Marine Corps.

Advisory Board Team

Bitcoin Oil is proud of its drastically growing international group of supporters and mentors some of which have been formally appointed to serve on Bitcoin Oil’s Advisory Board.

Joseph Mei, Esq. Chairman of Board of Advisors:

Mr. Mei is a partner of the firm Gutnicki LLP corporate practice group. His practice focuses on mergers and acquisitions, private equity, take-private, leveraged buy-out, venture capital and U.S. securities law matters.Mr. Mei has advised over 45 M&A transactions with aggregate transaction value of over $15 billion, including over 30 cross-border M&A transactions with aggregate transaction value of over $11 billion. Mr. Mei was a recommend corporate lawyer by Legal 500 Asia Pacific in 2015. Mr. Mei also advises public and private boards of directors on corporate governance, conflicts, interested transactions and restructuring transactions.

David M. Smith, Esq.,:

is a licensed attorney in Texas with over 40 years’ experience in the legal field of oil and gas exploration and production, manufacturing, purchase and sale agreements, exploration agreements, land and leaseholds, right of ways, pipelines, surface use, joint operating agreements, joint interest agreements, participation agreements operations as well as transactional and litigation experience in oil and gas, real estate, bankruptcy and commercial industries. Mr. Smith spent ten years as a landman serving as Vice President of Land and, later, as President. Mr. Smith holds a degree in Finance from Texas A&M University, a Doctor of Jurisprudence from South Texas College of Law and is licensed before the Texas Supreme Court.

Professor Cary E. Wolfe:

holds a Ph.D. from Duke University and a distinguished professorship at Rice University, where he serves as Chair of the English Department and Founding Director of 3CT: The Center for Critical and Cultural Theory. The author and editor of ten books and numerous articles, he has been invited to lecture and deliver seminars at Oxford, Cambridge, Harvard, Yale, University of Luxembourg as well universities in numerous countries and has been an invited speaker in venues such as the Museum of Modern Art in New York and the inaugural TEDxHouston conference. He is Founding Editor of the Posthumanities book series, which has published nearly 50 volumes, and has worked extensively with the University of Chicago Press, the University of Minnesota Press, and Columbia University Press.

Diego Rojas:

graduated with Honors from University of Florida with BS in Mechanical Engineering and was named by Faculty as “The Outstanding Mechanical Engineer Student” of his graduating class. Mr. Rojas went to work for Exxon Company USA in theirs Southeast Division headquarters in New Orleans, Louisiana. Rojas has 40 years’ experience in the oil and gas industry with most of that experience in energy operations onshore, offshore and internationally. Mr. Rojas was formerly District Engineering Manager for Exxon’s Offshore District. Mr. Rojas founded Enercap Corp, formerly DCR Petroleum. Mr. Rojas served as VP of King Ranch Capital and managed its acquisitions group. Mr. Rojas is bi-lingual and quite multi-cultural in various American/European/Latin American cultures.

Bryant Mook:

holds equity, senior management, or advisory positions with DEP Dominican Energy and Mining Partners, Santo Domingo, Dominican Republic; MEPHCO, Mook Energy and Production Holding Company, LLC.; ABC Development Funding, Houston; Elk Petroleum Ltd, Sydney, Australia and La Cortez Petroleum, Bogotá, Colombia. Mr. Mook is a Petroleum Engineering and Geological Advisor with more than 40 years of multi-disciplinary experience in oil and gas onshore and offshore assets (shallow and deep-water), both domestic and international. Mr. Mook currently serves as a Senior Advisor to Oil and Gas Operating Companies, financial entities, private equity funds, hedge funds, and who desire to invest in low risk oil and gas assets as well as technologies that increase production; improve oil and gas recovery factor and reduce costs. Mr. Mook is bi-lingual and quite multi-cultural in various American/European/Latin American cultures.

Cory Weisman:

is Founder and Chief Executive Officer of Weisman Worldwide Entertainment Inc., located in Beverly Hills, CA. Mr. Weisman was formerly a senior agent at International Creative Artists Management (ICM). Mr. Weisman current partners/clients include Walt Disney Company, ebay, Universal Studio’s, Warner Bro’s Pictures, MTV, Nickelodeon, MGM Studio’s, FOX Studios, DreamWorks, PIXAR Animation Studios ect... WeismanWorldWide.com

Clayton Hayes Goree:

is Vice President of Business Development at Bankwell. Mr. Goree formerly served as Senior Vice President of Business Development and Wholesale Banking at Wells Fargo, where he represented the Northeast Region of NY/CT. Mr. Goree received his degree in Business/Corporate Communications at The University of Nevada, Las Vegas.

Partner Firms

News

Bitcoin Oil Supported by World-Class Bitcoin Developers, Leading Blockchain Companies, High-Level Executives and International Advisory Board to Launch 2019 Bitcoin Hard Fork

In order to optimize the impact in the world of cryptocurrency and make major headway in the revolution of bringing PoS, price stability and various other innovations to Bitcoin’s blockchain technology, Bitcoin Oil forms a compelling Technical Team, international Advisory Board and an experienced Executive Group.

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Bitcoin Oil Creates Coin Price Stability Through Hodlers Rewards

BTCO believes that the Hodlers Rewards program will likely reduce the price volatility of BTCO, which in turn will result in BTCO being a uniquely-positioned cryptocurrency that will become more useful as a medium of exchange and a reasonable stable store of value. Hence, BTCO is creating stability through an economy of incentives with an improved structure of Bitcoin’s blockchain enhanced with entirely new algorithms and technologies.

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Bitcoin Oil Partners with Crypto Development Companies and Launches Hiring Campaign

Bitcoin Oil has launched a hiring campaign while at the same time partnering up with a handful of well-known blockchain development companies in order to carry out Bitcoin Oil’s technical blockchain developments. Bitcoin Oil plans to implement a threefold development approach by integrating in-house development teams, outsourced individual developers, and blockchain development companies, thereby enabling Bitcoin Oil to ensure the availability at all times the resources required for the company's continued technical implementation process.

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Bitcoin Oil Launches Limited Private Pre-Sale and Exclusive “Founders 300 Club”

Bitcoin Oil today announces its plan to offer to a limited number of qualified purchasers, or “Private Purchasers,” certain promissory notes in the aggregate principal amount of $1.5 million through Bitcoin Oil’s holding company. The foregoing note sale is referred to as the “Private Pre-Sale”. A public pre-sale of Bitcoin Oil is expected to follow the Private Pre-Sale, to be followed by the ICO thereafter.

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Bitcoin Oil Considers Price Stability The Pathway to Bitcoin Mass Adoption

Bitcoin Oil announces further details of its “Optimally Improved Ledger” (OIL) business plan to create an all-new Bitcoin blockchain technology, and to create an asset-enhanced, stability-enhanced Bitcoin cryptocurrency under the name Bitcoin Oil, or “OIL” as an abbreviation. Besides its intentions to “go green”, by utilizing PoS consensus and discontinuing the energy consuming PoW protocol, Bitcoin Oil’s team considers price stability and drastically reduced volatility as the pathway to Bitcoin mass adoption.

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Bitcoin Oil Announces Its Intentions To Go Green Solving Bitcoin's Energy Consumption Problems

Bitcoin Oil, or the Company, announces its plan to create a highly innovative Bitcoin fork and generate crypto-assets which the Company refers to as Bitcoin Oil, or OIL. In addition, Bitcoin Oil also announces its intentions to “go green” by utilizing the Power of Stake, or PoS, protocol to solve Bitcoin's serious energy consumption problems. Says Hannah Paddock, Bitcoin Oil's CMO.

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Bitcoin Oil Announces Planned Bitcoin Fork Featuring PoS and Other Key Bitcoin Improvements

Bitcoin Oil (“the Company“) announced today its plan to launch the Bitcoin Oil fork, a new major fork upgrade to the Bitcoin blockchain network. The company intends to use "OIL" as an abbreviation for Bitcoin Oil, which stands for “Optimally Improved Ledger”, implementing several crucial improvements to Bitcoin’s existing distributed ledger platform.

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Exchanges

Bitcoin Oil’s team is in touch with several non-U.S. cryptocurrency exchanges (also very well-known ones) and we expect support from various platforms for our forthcoming BTCO hard fork (more details will be announced in due course). Besides these customary non- U.S. exchanges, Bitcoin Oil expect to prepares multiple applications and day-to-day trading opportunities outside of United States for BTCO, including but not limited to P2P- Micropayments, P2P-Markets, E-Commerce, ICOs/STOs, ATMs, BTCO Credit Cards, Gift Cards, larger Exchange Platforms and Savings Plans. If you have any questions or inquiries regarding the future listings of BTCO at leading exchanges or any other platforms, please feel free to contact us at [email protected].


Different Possible Ways to Trade and Use BTCO in the Future.

P2P-Micropayments

P2P-Markets

E-Commerce

ICOs/STOs

ATMs

BTCO Credit Cards

Gift Cards

Exchange Platforms

Crypto Exchanges

Savings Plans


Trading BTCOs within U.S. is prohibited. BTCOs may only be offered, resold or transferred on foreign exchanges outside U.S., or in any other transactions outside U.S. in compliance with Regulation S. To the extent BTCOs to be transferred within the United States, such transfer shall be in accordance with Rule 144, and only upon the delivery of a legal opinion satisfactory to Bitcoin Oil.

Wallets

Our wallets will be available soon, and more wallets will follow (also from well-known third-party wallet providers who we are currently talking to). If you have any questions or inquiries regarding our wallets, please feel free to contact us at [email protected]. Please note: Bitcoin Oil will never ask you for your private keys; for further details regarding the BTCO distribution procedures, please review our forthcoming white paper.


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