BarrelCrudeCoin

What is BARRELCRUDECOIN?

BARRELCRUDECOIN It is a currency based on the number of barrels of crude that still remain to be extracted from planet earth since 2021. Currently the world oil reserves are 1,700,804 Billion barrels and 1,700,804 Million coins will be created.

What is DIGITAL CRUDE ?

BCC was born Digital Crude refers to the use of digital currencies, such as BarrelCrudeCoin (BCC), to facilitate transactions in the energy sector, specifically in the electric vehicle charging industry. With the goal of being the first decentralized and universal currency for recharging electric vehicles, linking traditional oil extraction industry with the electric extraction of crude oil and reusing the energy produced by mining for a new use in the blockchain.

BarrelCrudeCoin (BCC) is a decentralized, open-source, peer-to-peer digital currency that allows users to have full control over their coins and transactions, and also enjoy the benefits of decentralization and privacy, it's built and maintained by a community of developers and users who are dedicated to promoting its use and adoption. The BCC Wallet allows users to easily store, send, and receive BCC and monitor their transactions.

Why 1,7 millions of coins?

The decision to create a limited number of coins, specifically 1,700,804 BarrelCrudeCoins (BCC), is intended to increase the value of the currency over time. By having a limited supply of coins, the value of each coin should increase as demand for the currency grows.

Additionally, this number of coins is based on the estimate of the time it will take to extract barrels of crude oil, which is approximately the same amount of time as the 90 years. By aligning the number of coins with the amount of time it takes to extract barrels of crude oil, it gives the currency a sense of scarcity and value.

Furthermore, it is estimated that by 2040, 75% of vehicles will be powered by electric power, therefore, it is believed that the use of BCC will increase as the transition from combustion engines to electric motors takes place. This is another factor that will drive the demand for the currency, thus increasing its value.

In summary, the decision to create a limited number of BarrelCrudeCoins (BCC) is intended to increase the value of the currency over time by creating scarcity. This number of coins is based on the estimate of the time it will take to extract barrels of crude oil and aligning it with the predicted shift towards electric vehicles in the future. This will drive the demand for the currency and increase its value.