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OilX Token is designed to make oil investments accessible to a broader audience by providing an easy-to-use, digitally-backed asset. Each token is indexed to the average USD price of Brent and WTI crude oil, representing ownership of oil-based assets. This unique design facilitates transactions representing oil values, allowing holders to possess a digital representation of oil in any fraction.
The accessibility and affordability of OilX Token mean that small and large investors alike can engage with the oil market without the substantial barriers traditionally associated with direct oil ownership. As a result, OilX serves to democratise oil investments, moving beyond conventional boundaries and enabling users to transact with lower fees in a fractionalised manner.