The global oil and gas industry is facing serious, long-term challenges. Some of the problems are price concentration, the second challenge is the increasing complexity of exploration and development projects and other things such as market volatility.

Wellsite is a social network platform with an integrated marketplace built specifically for the oil and gas industry, which aims to solve the above problems.

What Is Wellsite?

Wellsite is creating a fully decentralized international platform targeted at the multi-trillion dollar oil and gas industry. Their revolutionary system will allow transactor and suppliers to transact equipment and services more efficiently through the adoption of blockchain technology. They have already created a proven platform where thousands of oilfield services and operating companies come to work together. Their developmental roadmap will move their existing platform to a digital ecosystem where their payments, governance, storage and then eventually computing will all become completely decentralized.

They ensure that users have full control over both their data and account privacy. Underlying their transaction process is a smart contract that holds secured cryptocurrency for services providers.

Wellsite Oil & Gas Drilling Blockchain Features

  • Marketplace: The platform is a social network platform with an integrated marketplace built specifically for the oil and gas industry.
  • Cryptocurrency: Their in-house utility token can be exchanged in the real world goods and services.
  • Bounty Program: A subscription, commission and rewards model provides a constant demand for Crudecoin and a revenue stream for the platform.
  • Digital Wallet: Website account wallets will be able to hold and store any Ethereum ERC20 standard token.

Crudecoin WCC Token ICO Details

The Wellsite Crudecoin(WCC) is an ERC20 utility token with steady use cases providing steady demands for the tokens. This proven network will give way to a marketplace to become the global leading E-commerce solution with incentivized rewards, cash back and welcome bonuses.

With a price of $0.13 USD for a token, $19,500,000 is the presale Hard Cap for 150,000,000 tokens. 15% of the coins will be utilized in token distribution, the main sale will use 45%, Reward Pool will be allocated 20%, and Founders and Advisors will have 20% of themselves.

Crudecoin Presale begins on March 26, 2018 and ends on April 26, 2018.

Wellsite Conclusion

Their innovative platform is designed to change the industry by bringing a fragmented and cryptic transaction to the digital age with speed, transparency, and trust.

You can learn more about the platform and its coins on their website .

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