PDX is the world’s first true regulatory-compliant digital currency supported by independently certified proved recoverable oil and gas reserves.
PDX enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency backed by the value of crude oil and natural gas – the most globally liquid and actively traded commodities, and critical energy resources for the global economy. These energy resources are traded online through reputable trading platforms. Oil Profit is a reliable trading strategy that allows you to trade crude oil without having to actively participate. Visit öl profit site for more details. Each PDX token represents the net recovered value of a minimum of an estimated 0.7 reserve barrels of crude oil or its natural gas equivalent, and will be supported by a basket of oil and gas assets including physical oil and natural gas, oil and gas futures or derivatives, and interests in oil producing properties with an aggregate initial value approximating the aggregate value of all PDX in circulation.
PDX has been structured with a view towards becoming the world’s leading safe-haven tokenized store of value. By linking each PDX token to existing and verified real world assets, PDX enables holders of digital and fiat currencies seeking to preserve wealth, lock in gain and/or avoid loss to acquire, hold and transfer intrinsic value in digital token form. In order to meet increased demand over time, the number of PDX in circulation and their supporting oil and gas reserves are able to expand in tandem to maintain an approximate equilibrium between the USD price of a single PDX token and a multiple barrels of oil, or its natural gas equivalent, on global markets without diluting the interests of existing PDX holders. The embodiment of PDX’ store of value in a transferable digital token will enable holders to preserve wealth and engage in commercial and consumer transactions while avoiding volatility, inflation and devaluations associated with other digital or national fiat currencies.
PDX is founded and coordinated by a fully transparent, experienced and highly reputable team who will manage the operations and development of PDX and act to ensure compliance with applicable laws of the U.S. and other jurisdictions. PDX will be issued in accordance with the relevant laws in applicable jurisdictions. Transfers of PDX tokens will be subject to compliance with all applicable laws. The maintenance of PDX’ commencing oil and gas reserves will be compliant with laws governing transactions in commodities, likely including the U.S. Commodity Exchange Act. Financial statements related to PDX and its oil reserves will be prepared in accordance with U.S. generally accepted accounting principles or similar standards as may apply in other jurisdictions, and may be subject to audit by a leading global accounting firm. PDX will comply with all applicable tax laws in relevant jurisdictions and will support record keeping and transparency to allow all holders, purchasers and sellers of PDX to comply with their applicable tax reporting obligations as and where required. Unlike PDX, U.S. based oil exchange-traded funds (ETFs) presently subject holders to annual tax and tax reporting obligations due to allocations of income related to the ETFs’ oil holdings. In contrast to ETFs, but like other digital tokens, PDX is expected to be treated as a currency in its relevant jurisdiction(s) for income tax purposes and will not allocate income related to PDX’ operations (including supporting oil reserves) to holders of PDX.
As a consequence of this structure, holders of PDX are not expected to be subject to annual tax but instead will be taxed only upon any gains (or losses) from their sale of PDX. By separating the tax attributes of PDX from the tax attributes of their underlying oil reserves, PDX represents the creation of a new and unique financial instrument with potentially favorable tax treatment and return profile for U.S. and non-U.S. investors. PDX will likely be driven by Ethereum-enabled blockchain technology in order to provide a robust and decentralized method of verification, tracking and exchange. The Ethereum blockchain is expected to provide an auditable and cryptographically secured global ledger and will facilitate transactions with other familiar currencies (both fiat as well as crypto) and assets. At its core, PDX represents the peer-to-peer transferability of digitized commodity value.
PDX’ unique structure, verified intrinsic value and expected much lower volatility will provide meaningful economic benefits to its holders, purchasers and sellers. In particular (i) PDX will be a reliable store of value, medium of exchange and unit of account, (ii) PDX will enable holders of other digital or national currencies to lock in gains and/or protect against ruinous declines in value due to inflation, volatility or currency devaluation, and (iii) PDX will be an effective and tax advantaged economic proxy for investments in oil, and to the extent of their positive correlation with oil, other commodities. These characteristics, together with a continuous focus on transparency and regulatory compliance, position PDX to be the leading safe haven digital reserve currency capable of appealing to global investors and consumers regardless of size, sophistication or capital base.