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ODMCoin, the first worlds blokchain option in oil and gas sector expands the opportunities for investments

October 06, 2017/ 07:23

Tyumen. ODMCoin, the first world’s blokchain option in oil and gas sector expands the opportunities for investments. Alexander Doronin, the CEO of the project, shared the news about the new round of ICO and plans to increase project’s capitalization.

At present ODMCoin ICO is temporarily paused to have the far-reaching changes implemented.

«First of all, we switch to Ethereum platform. It is the most popular platform that allows making Smart-contracts. Thus, future investments will be protected, as in case the project doesn’t raise the minimum funds required for its implementation, the money will be automatically returned to the investors»-Doronin explained.

The nearest plans of the developers is strengthening of the legal aspects of the project.

«We decided to develop and execute juridical strategy to legalize token to make it available for US Citizens and China. On October, 10th  we expect to get the permission to participate in the ICO in China at the legislative level. This means that opportunities for investments  and company’s capitalization will increase as well as the demand for our "coin". Moreover, we start negotiations with Exchange platforms that will be selling our token, plan to make contracts with anchor Investors, invite additional international Advisers to join us and enforce PR-campaign» - ODMCoin CEO added.  

The project will be an official business entity in Russia to legally bind with such documentation as agreements with oil extraction companies intending to use our services, agreements with local government institutions to support our project development, necessary licenses, technical documentation and IP.

We remind that the idea of the project is manufacturing of mobile complexes to process oil drilling mud into the material for building roads. The complex will be manufactured at a Tyumen factory that ODMCoin will have the contract signed with by the beginning of the ICO.

We will note that now the amount of the fee will be increased in 2 times. The exact date of the launch of the new ICO will be announced within two weeks. Tentatively, trading will be rescheduled for a period from 2 to 5 months. Investments, collected by this time, will be moved towards upcoming ICO.

«The project road map of the project will get a great improvement if we talk about investors’ protection and capitalization issues. This is a new round that brings the project up to the new level» - Alexander Doronin emphasized.

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