Following Hatchworks’ announcement earlier this year regarding Spectre Exchange, a project they advise with Solar Oil, a Beyond Oil™ initiative, a meeting took place between both teams in August 2021 to discuss in-depth the next stages of the project moving forward into 2022 and beyond.

Beyond Oil™ is on target to conclude Phase I private pre-sale of the initiative on in Q4 2021. During Phase I which began in December 2020, a $10m oil production portfolio was developed and offered in the pilot program to initial participants. At conclusion of this phase, Beyond Oil™ will move to the significantly more robust and open structure with the DART offering.

As part of the Beyond Oil™ initiative, the DART will be the first and only project that tokenizes energy assets production and will distribute commodity-backed token rewards to all DART holders. This represents a major real-world innovation that combines Internet of Things (IoT) and smart contract technology, setting a precedent for tokenizing other forms of energy assets, such as Solar, Hydropower, Crude Oil, or Natural Gas.

Spectre Exchange was an early investor in the Solar Oil Project, with the aim of establishing an energy-based-buyback-facility for SXDT on Spectre Exchange. From that, the DART initiative was conceived and will commence shortly as a token of the Beyond Oil™ team.

Different aspects of the collaboration were discussed in the meeting, including some major developments which are likely to prove beneficial for both parties. These include:

Launch of the DART initiative

The DART token is the world’s first true IOT driven production, and distribution token specifically for Energy and Commodity markets that is executed entirely via Smart contracts on the blockchain. The DART chain allows producers and operators of various energy projects (such as Crude oil and Natural gas producers) to connect and post audited production on to the DART platform. The margins (profits) from this production is then calculated and distributed to all DART holders via the built in Smart Contract.

Spectre Exchange — Level 1 LP

Spectre Exchange (SPX) will be the first regulated liquidity provider for primary and secondary market sales of DART. However, by offering DART on SPX, the tokens will be available both in a primary market and also secondary market (peer to peer only). The Beyond Oil™ team is delighted to partner with SPX on this process, and SPX will become the only provider of liquidity on an exclusive relationship.

Marketing

Beyond Oil™ will be doing a significant marketing drive for DART, starting later this year and throughout next. This should also provide flow to SPX and natural growth from users who will learn about other listings on the exchange along with adding a new line of revenues from primary and secondary market sales of DART, for the group.Rewards Interface

A discussion on how the rewards interface will work for DART holders. Hatchworks will lend its technical expertise pertaining to rewards distribution, security and smart contracts to the DART team.

Technology

Discussion on the technology to be provided to the influencers for the Solar Oil Project.

Beyond Oil’s representatives said “the DART chain is the first and only application that tokenizes Energy Assets production (such as Crude Oil and Natural Gas) and distributes the profits generated via the Smart Contract on the blockchain to all DART holders. This represents a major real-world innovation that combines IoT and Smart Contract technologies to the benefit of DART holders.”

Hatchworks Director Zisis Skouloudis , who chaired the meeting, said it was “constructive and fruitful”, citing that the partnership will “In addition to generating a new revenue line for SPX, the DART initiative will also result in significant user and volume flow to the entire Spectre ecosystem of products.”

Beyond Oil™ & Team Hatchworks
Risk warning: Investments made by the wider group or any specific companies related to the group are made after careful consideration of risks and opportunities. Most investments, such as that made into SOP, are not for retail investors and it is strictly advised to seek the financial advice of a qualified investment advisor before investing in any risky asset. All products and services at Spectre.ai are closed to U.S citizens.

While these claims go back years, Elon Musk recently tweeting that Tesla will suspend accepting Bitcoin payments because of environmental concerns brought these claims to the forefront.

Excluded from these reports are the strong arguments saying these claims are unfounded. Oddly, none of the reports attempt to answer the only question that matters - how much *additional* energy was generated because of crypto mining? Instead, they treat excess energy generated by power plants and used by miners as energy created for the miners - even though that energy was already created, and would have been wasted otherwise.

Unfortunately, the public was presented only one side of the story, and now many see cryptocurrency as harmful to the environment. 

But The Solar Oil Project represents a step in the right direction for energy production, helping to lower emissions and reduce environmental hazards - and it's all powered by crypto...

Beyond Oil™ is excited to announce the launch of a revolutionary tokenization platform – The Solar Oil Project.  

The technology platform aims to be the largest tokenized commodity production and exchange mechanism in the world. The platform supports local oil well operators to deploy innovative technology solutions that dramatically reduce the carbon footprint of oil production while recycling old oil wells that are abandoned or underutilized. 

This ‘oil well recycling’ program accomplishes multiple goals from an economic and environmental perspective:

• Reduce cost of production and maintenance by almost 60% 

• Greatly reduce carbon intensity of production (as much as 90%!)

• Eliminate need for new oil well drilling

• Recycle and rehab old oil wells

• Eliminate eco-hazard of chemical leaks from abandoned oil wells
  
  

The Project uses the Blockchain network to distribute tokenized oil production via ERC-20 token rewards to the users. It uses one of the latest oil extraction technologies, the “Air Lift Technology” (ALT). The Innovation eliminates soil pollution and makes the entire process eco friendly. 

Solar Oil Platform is Already LIVE and Fully Functional!

The Trillion Dollar Problem...

In the Southern US alone, more than 100,000 Low-Volume Oil Wells are either abandoned or underutilized. These wells can quickly become an ecological hazard and cost close to a Trillion Dollars in clean up across North America. The current estimate for just the cleanup in the US state of Texas alone comes in at over $117 Billion USD. 

What SOP Intends to do differently...

SOP supplies Operators and Owners with the technology and the expertise to replace the old equipment with solar-powered pumps that are economically viable, efficient, and automated. With this, the wells are given a fresh breath of life into profitable production. This is particularly effective for the well sites that are older and have minimal profit margins with traditional technologies.

How the Process Works...

After review by members of the Solar Oil team, selected oil well sites are equipped with eco-friendly pneumatic pumps, solar panels (where applicable), air compressors, and remote monitoring capabilities. The combination of these technologies results in a modern production mechanism that brings these abandoned wells back into active production. 

Anyone Can Participate, And Enjoy The Rewards...

Perhaps the most attractive part of the project is how it encourages participation of all interested users. Anyone can create a free account on Solar Oil Project’s website (solaroil.io) and purchase the Solar Oil Access Token (SOAX). This non speculative utility token then gives the user access to the platform where they can assign the access tokens towards the work on selected oil well sites. The revenue generated from the token sales is used to then update the wells in the selected portfolios.

Because of this, the token does not meet requirements to be classified as a security, meaning US investors who typically cannot participate in the launch of new crypto-based projects are able to invest in Solar Oil.

In return, users who participate in this manner receive a portion of the oil production achieved in the form of the SOPX token – The Solar Oil Production token. SOPX distribution is in proportion to how many Access tokens a user assigned to the oil portfolio. The SOPX rewards may then be traded on the Commodity Exchange for other commodities, currencies, or crypto assets. 

This elegant solution allows for equitable rewards distribution for any users that help protect the environment while resulting in profitable energy resource production.

About Beyond Oil™

Beyond Oil, led by Chief Strategy Officer Hitesh Juneja, aims to transition the energy sector from fossil fuels to more sustainable green energy overtime in a manner that is practical, and does not cause the economic or ecological harm that sudden and forced changes might cause. 

To make this happen in a practical manner, Beyond Oil is broken up into three phases with Phase 1, being the Solar Oil Project - a rare and revolutionary application of technology to address one of the major ecological challenges of our time while providing oil commodity backed token rewards!

The goal in this phase is to attract a large number of participants through an attractive, profitable business model.

On Phase 2 – The Open Commodity Exchange:

The oil production from the Solar Oil Project is issued to the stakeholders in the form of the ERC-20 token - SOPX (Solar Oil Production). 

The SOPX is pegged to the global WTi spot price and is immediately liquidable through the Solar Oil Commodity exchange to a host of other assets such as Gold, Silver, Natural Gas, as well as tens of equities and cryptocurrencies. This represents the first major blockchain development allowing for open exchange between true commodity-backed crypto-assets and other fiat-based assets.  

The goal of this phase is to establish a robust financial ecosystem that new disruptive technologies can be onboarded into. 

On Phase 3 – We are focusing on Emerging Disruptive Technologies:

• Hemp-bioplastic replacement

• Hydrogen based transport

• Microbial Fuel cells

And additional emerging technologies that do not have established profitable business models will be guided to maturity during this phase. 

For more Information about SOP, kindly get in touch via https://solaroil.io or https://solaroil.io/contact-us.

Company Address

Beyond Oil

17918 Blueridge Shores Dr.

Cypress, TX 77433

United States ------
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