[ANN] BITUGENE - The First Petroleum/Crude Oil Blockchain Project

[raketeramom]

This is a promising project. Waiting to see it on the list of some exchangers. Congrats team!

[abrotrodel]

Wonderful blockchain-based project! very nice concept I would like to participate and support this platform because it looks very promising and interesting project and also have a huge potential to success in the future, I'm really glad to be part of it. Good luck Dev, hope your projects running well and succeed, more project updates to come.

[dianepot]

your twitter link isnt working ..

[mbolaji2]

I hope this project fulfill the road map, as am seeing petroleum and petroleum asset, well I see great project and great team

[Bitugene]

are sure to put your tokens on poloniex if ICO is already over?
I am not sure you can do that, because poloniex is not accepted tokens

You don't need to worry about this. Our project is in phases. Our senior developer will tackle this if it poses a problem.. Testing of wallets will kick-start in January 2018.

[william1980]

Hello Dev
Good luck with project development.
There will soon be some great development coming.
I think the project should be for everyone.

[Yarik7]

Oil is always interesting! Let's see how you show yourself.
Good luck.

[Reena28]

One of the on demand supply in the world..is now on blockchain..great job dev!! this should be supported and invested..more power!!

[Eflatun]

A decent project in a long while by the looks of it. I wish this project a big success in the near future
and want to the see the coin make a difference in the cryptoworld.

[salavat111]

Excellent project. Let's get all behind this project which is trying to serve a greater purpose in order to change our daily lives through cryptocurrency!

[Foundico.com]

Project look not bad! Welcome to our website. We are the most informative ICO list, i think it helps you with funding. Good luck 

[Bitugene]

Phải nói đây là một dự án tốt, tôi sẽ cố găng để dược trờ thành một phần của công đồng các bạn
cám ơn và chúc thành công tốt đẹp

Cảm ơn

[sirgawain]

Avery good project created to use resources efficiently.

I will follow the project closely.

[rudilo]

Oil is the main income of many countries.. project bitugene with the help of the blockchain abolish the intermediaries increase the state budget. project Bitugene also provides advantages, quick, and good security in access to oil, the project bitugene this his prospects were good and I'm sure this project will attract investors.. this project definitely achieved the target

[beratkann]

I like where the projecr is headed. Petroleum industry, a big market to tackle. Goodluck

[Haug]

The idea is very successful and I think the project will be a successful community should support you. Thank goodness it's not too late to join this airdrop. also which is the exchange will be listing in about our coin in the near future?

[labilaab]

I can sense this will be great and successful project platform in the future.A first ever oil-based digital payment project.Im excited to get hold of this coin. Goodluck dev.Im willing to invest on it.

[eye4bd]

ABSTRACT
The Bitugene Project is a blockchain driven application designed with flexibility, scalability and functionality in mind. Bitugene serves to create a platform where petroleum and other petroleum products can be traded securely. It gives potential customers and merchants the means to diversify and, the room for all and sundry to checkmate arbitrary prices.

BACKGROUND AND PROBLEM
While there are many challenges befuddling the oil and gas industry all over the world such as supply chain management, logistics, pricing etc., the Bitugene Project will, however, focus its attention on flexibility and ease of service. Undoubtedly, blockchain is a new force to reckon with in the financial sector within the past five years, several business models have been implemented on the blockchain.
One striking feature about blockchain is its decentralized nature, it tries to give people power over their finances by removing an intermediary. Some problems within the petroleum space that the Bitugene Project will address includes but not limited to:
•   Delayed settlement in paying for petroleum products such as gasoline. This project, with the help of its tokens, will make payment almost instantaneous;
•   Inefficiencies resulting from players in the supply chain such as the delay or duplication of contractual agreements;
•   Single point of failure in the supply chain may occur due to a hack, fraud or mistake;
•   Rigidity available in the current mode of operation;
•   Expenses associated in times of dispute.


SOLUTIONS
In the light of the aforementioned problems, some of the key solutions have been highlighted below. Recently, the price of a barrel of crude oil has been at its lowest ebb and leveraging on the blockchain technology can help increase the profit of all and sundry in this industry. The solutions to be employed are listed below (not limited to these):
•   Flexible and instantaneous settlements;
•   Removal of an intermediary;
•   Immutability;
•   Increase in transaction visibility;
•   Increase in trust between users;
•   Reduce vulnerability;
•   Increase efficiency and effectiveness;
•   Ease of service

TECHNICAL OVERVIEW
The Bitugene Project provides a platform where cheap, reliable and secure access to petroleum and petroleum products can be realized. Companies/Merchants and potential customers can carry out business peer to peer on the network thereby enhancing efficiency, productivity and eliminating time wastage, increased overhead costs, ambiguity and complexity. The project will be centered on existing applications (open-source) in order to ensure compatibility with already developed software(s) in the cryptocurrency market.
Our platform is blockchain-based, this will help in widening the adoption of blockchain technology in every sector of business and most especially, in the oil and gas sector. This will ensure decentralization and distribution of units in the industry at large. The features of the project are
•   Peer to peer trading of petroleum assets
•   Blockchain applications for exchange and conversion of cryptocurrencies
•   Digitization of petroleum assets
•   Building a decentralized infrastructure for the oil and gas industry at large
The platform will use the TBP tokens for exchange of value. The Bitcoin (only for the Main ICO) and the Ethereum blockchain will be used for the token generation event.



APPLICATIONS
Applications that will be built throughout the lifecycle of development on The Bitugene Project are listed below:

• Wallet
• Marketplace
• Bitugene Debit Card
• Baclkoffice
• Petroleum Aggregator
• Bitugene Exchange

Token Details
The sole purpose of the Bitugene ICO is to raise funds for the design, development and implementation of applications for the Bitugene Project. The Bitcoin (only for the main sale) and Ethereum blockchain will be used for raising of funds for the project. However, the Ethereum blockchain is the primary platform for our ICO.

Required Information
•   Donations will be accepted in Ethers and Bitcoins (main ICO only). Ethereum is the primary donation platform, Bitcoin is just an alternative.
•   The main Initial Coin Offering (ICO) will last for 30 days
•   All unsold tokens during the Presale and main sale stage will be burnt.
•   If the minimum required capital of 1 000 000 USD is not reached at the end of the crowdsale, all funds will be refunded to the address it was sent from (take note).
•   Hard cap is pegged at 10 000 000 USD.
•   Bonuses will be given during the presale and mainsale respectively. That is, 1 – 10 ETH (+5%), 11 – 20 ETH (+10%), 21 – 30 ETH (+15%). The maximum donation  per individual is pegged at 30 ETH.

Minimum Goal = 1 000 000 USD
Hard Cap = 5 000 000 USD

PreICO
PreICO Number of Tokens = 2 000 000
PreICO price/token = 0.35 USD
PreICO Begins = 8th of December, 2017
PreICO Ends = 22nd of December, 2017

ICO
ICO Number of Tokens = 7 300 000
ICO price/token   = 0.6 USD (+0.1 USD every week)
ICO Begins = 27th of December, 2017
ICO Ends = 27th of January, 2018
Tokens for Team    = 600 000 (frozen for 2 years)
Tokens for promotion = 100 000 (frozen for a year)
Tokens for Investors = 9 300 000
Total tokens = 10 000 000

THE TEAM

SUMMARY
The Bitugene Project is the first blockchain project to beam its searchlight on petroleum and petroleum products. During the full-scale operation, the platform will help connect oil and gas companies with customers. This will, of course, increase the visibility of all petroleum products on the internet as assets and, flexibility and ease of service will be guaranteed.
Price prediction of TBP tokens as it hits the cryptocurrency exchange according to our experts is targeted at slightly over $2.23, reasons being “first of its kind”, the ICO price finished at $1 and the rate at which petroleum products are affecting our day-to-day living.

WEBSITE - https://bitugene.io

WHITEPAPER -  Whitepaper EN

TWITTER - http://twitter.com/@bitugene

TELEGRAM - http://t.me/bitugene

AIRDROP - http://bitugene.io/airdrop.php

UPDATE - In talks with popular exchanges such as Poloniex, Bittex, Cryptopia and Yobit in order for TBP to be listed as soon as the mainsale ends.

FIRST AIRDROP/BOUNTY IS LIVE

Hi
At first glance looks like
bitugene diffarent from all those random project unfolded overnight with airdrop.
For first time I'm
seeing such a  project want's
to bulid an oil marketplace on top
of Blockchain.
I will try to give some reading
for learning more.
Anyway felt curious to
see the visual notes of bitugene. The only reason of quotation
of this ANN.

Cheers

[Bitugene]

ABSTRACT
The Bitugene Project is a blockchain driven application designed with flexibility, scalability and functionality in mind. Bitugene serves to create a platform where petroleum and other petroleum products can be traded securely. It gives potential customers and merchants the means to diversify and, the room for all and sundry to checkmate arbitrary prices.

BACKGROUND AND PROBLEM
While there are many challenges befuddling the oil and gas industry all over the world such as supply chain management, logistics, pricing etc., the Bitugene Project will, however, focus its attention on flexibility and ease of service. Undoubtedly, blockchain is a new force to reckon with in the financial sector within the past five years, several business models have been implemented on the blockchain.
One striking feature about blockchain is its decentralized nature, it tries to give people power over their finances by removing an intermediary. Some problems within the petroleum space that the Bitugene Project will address includes but not limited to:
•   Delayed settlement in paying for petroleum products such as gasoline. This project, with the help of its tokens, will make payment almost instantaneous;
•   Inefficiencies resulting from players in the supply chain such as the delay or duplication of contractual agreements;
•   Single point of failure in the supply chain may occur due to a hack, fraud or mistake;
•   Rigidity available in the current mode of operation;
•   Expenses associated in times of dispute.
https://i.imgur.com/2kJStlI.png

SOLUTIONS
In the light of the aforementioned problems, some of the key solutions have been highlighted below. Recently, the price of a barrel of crude oil has been at its lowest ebb and leveraging on the blockchain technology can help increase the profit of all and sundry in this industry. The solutions to be employed are listed below (not limited to these):
•   Flexible and instantaneous settlements;
•   Removal of an intermediary;
•   Immutability;
•   Increase in transaction visibility;
•   Increase in trust between users;
•   Reduce vulnerability;
•   Increase efficiency and effectiveness;
•   Ease of service

TECHNICAL OVERVIEW
The Bitugene Project provides a platform where cheap, reliable and secure access to petroleum and petroleum products can be realized. Companies/Merchants and potential customers can carry out business peer to peer on the network thereby enhancing efficiency, productivity and eliminating time wastage, increased overhead costs, ambiguity and complexity. The project will be centered on existing applications (open-source) in order to ensure compatibility with already developed software(s) in the cryptocurrency market.
Our platform is blockchain-based, this will help in widening the adoption of blockchain technology in every sector of business and most especially, in the oil and gas sector. This will ensure decentralization and distribution of units in the industry at large. The features of the project are
•   Peer to peer trading of petroleum assets
•   Blockchain applications for exchange and conversion of cryptocurrencies
•   Digitization of petroleum assets
•   Building a decentralized infrastructure for the oil and gas industry at large
The platform will use the TBP tokens for exchange of value. The Bitcoin (only for the Main ICO) and the Ethereum blockchain will be used for the token generation event.

https://bitugene.io/technicaloverview.png

APPLICATIONS
Applications that will be built throughout the lifecycle of development on The Bitugene Project are listed below:

• Wallet
• Marketplace
• Bitugene Debit Card
• Baclkoffice
• Petroleum Aggregator
• Bitugene Exchange

https://bitugene.io/roadmap.jpg

Token Details
The sole purpose of the Bitugene ICO is to raise funds for the design, development and implementation of applications for the Bitugene Project. The Bitcoin (only for the main sale) and Ethereum blockchain will be used for raising of funds for the project. However, the Ethereum blockchain is the primary platform for our ICO.

Required Information
•   Donations will be accepted in Ethers and Bitcoins (main ICO only). Ethereum is the primary donation platform, Bitcoin is just an alternative.
•   The main Initial Coin Offering (ICO) will last for 30 days
•   All unsold tokens during the Presale and main sale stage will be burnt.
•   If the minimum required capital of 1 000 000 USD is not reached at the end of the crowdsale, all funds will be refunded to the address it was sent from (take note).
•   Hard cap is pegged at 10 000 000 USD.
•   Bonuses will be given during the presale and mainsale respectively. That is, 1 – 10 ETH (+5%), 11 – 20 ETH (+10%), 21 – 30 ETH (+15%). The maximum donation  per individual is pegged at 30 ETH.

Minimum Goal = 1 000 000 USD
Hard Cap = 5 000 000 USD

PreICO
PreICO Number of Tokens = 2 000 000
PreICO price/token = 0.35 USD
PreICO Begins = 8th of December, 2017
PreICO Ends = 22nd of December, 2017

ICO
ICO Number of Tokens = 7 300 000
ICO price/token   = 0.6 USD (+0.1 USD every week)
ICO Begins = 27th of December, 2017
ICO Ends = 27th of January, 2018
Tokens for Team    = 600 000 (frozen for 2 years)
Tokens for promotion = 100 000 (frozen for a year)
Tokens for Investors = 9 300 000
Total tokens = 10 000 000

THE TEAM

SUMMARY
The Bitugene Project is the first blockchain project to beam its searchlight on petroleum and petroleum products. During the full-scale operation, the platform will help connect oil and gas companies with customers. This will, of course, increase the visibility of all petroleum products on the internet as assets and, flexibility and ease of service will be guaranteed.
Price prediction of TBP tokens as it hits the cryptocurrency exchange according to our experts is targeted at slightly over $2.23, reasons being “first of its kind”, the ICO price finished at $1 and the rate at which petroleum products are affecting our day-to-day living.

WEBSITE - https://bitugene.io

WHITEPAPER -  Whitepaper EN

TWITTER - http://twitter.com/@bitugene

TELEGRAM - http://t.me/bitugene

AIRDROP - http://bitugene.io/airdrop.php

UPDATE - In talks with popular exchanges such as Poloniex, Bittex, Cryptopia and Yobit in order for TBP to be listed as soon as the mainsale ends.

FIRST AIRDROP/BOUNTY IS LIVE

Hi
At first glance looks like
bitugene diffarent from all those random project unfolded overnight with airdrop.
For first time I'm
seeing such a  project want's
to bulid an oil marketplace on top
of Blockchain.
I will try to give some reading
for learning more.
Anyway felt curious to
see the visual notes of bitugene. The only reason of quotation
of this ANN.

Cheers

Thanks for the quote.  Limitations on new account hasn't made it rosy for us. All links to images have been fixed.

[eye4bd]

ABSTRACT
The Bitugene Project is a blockchain driven application designed with flexibility, scalability and functionality in mind. Bitugene serves to create a platform where petroleum and other petroleum products can be traded securely. It gives potential customers and merchants the means to diversify and, the room for all and sundry to checkmate arbitrary prices.

BACKGROUND AND PROBLEM
While there are many challenges befuddling the oil and gas industry all over the world such as supply chain management, logistics, pricing etc., the Bitugene Project will, however, focus its attention on flexibility and ease of service. Undoubtedly, blockchain is a new force to reckon with in the financial sector within the past five years, several business models have been implemented on the blockchain.
One striking feature about blockchain is its decentralized nature, it tries to give people power over their finances by removing an intermediary. Some problems within the petroleum space that the Bitugene Project will address includes but not limited to:
•   Delayed settlement in paying for petroleum products such as gasoline. This project, with the help of its tokens, will make payment almost instantaneous;
•   Inefficiencies resulting from players in the supply chain such as the delay or duplication of contractual agreements;
•   Single point of failure in the supply chain may occur due to a hack, fraud or mistake;
•   Rigidity available in the current mode of operation;
•   Expenses associated in times of dispute.


SOLUTIONS
In the light of the aforementioned problems, some of the key solutions have been highlighted below. Recently, the price of a barrel of crude oil has been at its lowest ebb and leveraging on the blockchain technology can help increase the profit of all and sundry in this industry. The solutions to be employed are listed below (not limited to these):
•   Flexible and instantaneous settlements;
•   Removal of an intermediary;
•   Immutability;
•   Increase in transaction visibility;
•   Increase in trust between users;
•   Reduce vulnerability;
•   Increase efficiency and effectiveness;
•   Ease of service

TECHNICAL OVERVIEW
The Bitugene Project provides a platform where cheap, reliable and secure access to petroleum and petroleum products can be realized. Companies/Merchants and potential customers can carry out business peer to peer on the network thereby enhancing efficiency, productivity and eliminating time wastage, increased overhead costs, ambiguity and complexity. The project will be centered on existing applications (open-source) in order to ensure compatibility with already developed software(s) in the cryptocurrency market.
Our platform is blockchain-based, this will help in widening the adoption of blockchain technology in every sector of business and most especially, in the oil and gas sector. This will ensure decentralization and distribution of units in the industry at large. The features of the project are
•   Peer to peer trading of petroleum assets
•   Blockchain applications for exchange and conversion of cryptocurrencies
•   Digitization of petroleum assets
•   Building a decentralized infrastructure for the oil and gas industry at large
The platform will use the TBP tokens for exchange of value. The Bitcoin (only for the Main ICO) and the Ethereum blockchain will be used for the token generation event.



APPLICATIONS
Applications that will be built throughout the lifecycle of development on The Bitugene Project are listed below:

• Wallet
• Marketplace
• Bitugene Debit Card
• Baclkoffice
• Petroleum Aggregator
• Bitugene Exchange

Token Details
The sole purpose of the Bitugene ICO is to raise funds for the design, development and implementation of applications for the Bitugene Project. The Bitcoin (only for the main sale) and Ethereum blockchain will be used for raising of funds for the project. However, the Ethereum blockchain is the primary platform for our ICO.

Required Information
•   Donations will be accepted in Ethers and Bitcoins (main ICO only). Ethereum is the primary donation platform, Bitcoin is just an alternative.
•   The main Initial Coin Offering (ICO) will last for 30 days
•   All unsold tokens during the Presale and main sale stage will be burnt.
•   If the minimum required capital of 1 000 000 USD is not reached at the end of the crowdsale, all funds will be refunded to the address it was sent from (take note).
•   Hard cap is pegged at 10 000 000 USD.
•   Bonuses will be given during the presale and mainsale respectively. That is, 1 – 10 ETH (+5%), 11 – 20 ETH (+10%), 21 – 30 ETH (+15%). The maximum donation  per individual is pegged at 30 ETH.

Minimum Goal = 1 000 000 USD
Hard Cap = 5 000 000 USD

PreICO
PreICO Number of Tokens = 2 000 000
PreICO price/token = 0.35 USD
PreICO Begins = 8th of December, 2017
PreICO Ends = 22nd of December, 2017

ICO
ICO Number of Tokens = 7 300 000
ICO price/token   = 0.6 USD (+0.1 USD every week)
ICO Begins = 27th of December, 2017
ICO Ends = 27th of January, 2018
Tokens for Team    = 600 000 (frozen for 2 years)
Tokens for promotion = 100 000 (frozen for a year)
Tokens for Investors = 9 300 000
Total tokens = 10 000 000

THE TEAM

SUMMARY
The Bitugene Project is the first blockchain project to beam its searchlight on petroleum and petroleum products. During the full-scale operation, the platform will help connect oil and gas companies with customers. This will, of course, increase the visibility of all petroleum products on the internet as assets and, flexibility and ease of service will be guaranteed.
Price prediction of TBP tokens as it hits the cryptocurrency exchange according to our experts is targeted at slightly over $2.23, reasons being “first of its kind”, the ICO price finished at $1 and the rate at which petroleum products are affecting our day-to-day living.

WEBSITE - https://bitugene.io

WHITEPAPER -  Whitepaper EN

TWITTER - http://twitter.com/@bitugene

TELEGRAM - http://t.me/bitugene

AIRDROP - http://bitugene.io/airdrop.php

UPDATE - In talks with popular exchanges such as Poloniex, Bittex, Cryptopia and Yobit in order for TBP to be listed as soon as the mainsale ends.

FIRST AIRDROP/BOUNTY IS LIVE

Hi
At first glance looks like
bitugene diffarent from all those random project unfolded overnight with airdrop.
For first time I'm
seeing such a  project want's
to bulid an oil marketplace on top
of Blockchain.
I will try to give some reading
for learning more.
Anyway felt curious to
see the visual notes of bitugene. The only reason of quotation
of this ANN.

Cheers

Thanks for the quote.  Limitations on new account hasn't made it rosy for us. All links to images have been fixed.

Hey
Yeah, there was one
invalid image. Now all three
gets visibility.
Few minutes ago visited
Bitugene Twitter handle. And the account is newly created.
At the same time I can see from your website the project has stated early this year!
Can you explain little
bit more about the reason behind of lately started promotional activities?

Regard