We are pleased to announce our next AMA on June 1st 2021 at 11:00 AM UTC Time: Satoshi Club x Petro.Swap
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Petro.Swap Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Petro.Swap Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about Petro.Swap
For more details:
Petro.Swap Website – petro.systems
Petro.Swap Telegram – @petro_official_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
The Petro platform allows for the creation and trading of fuel derivatives, with an architecture managed over four stages:
– Stage 1: Petro.Pay b2b
– Stage 2: Petro.Swap
– Stage 3: Petro.Swap Defi
– Stage 4: Petro.Pay b2c
Can you tell us about these 4 Stages ? What is the difference between Petro.Pay b2b and Petro.Pay b2c? What is the difference between Petro.Swap and Petro.Swap Defi? When will these 4 products start working?
I took a look at petro.swap website and whitepaper. Main feature of Petro.Swap platform is trading of duel products such as oil,gas etc. It is always risky to start a business in blockchain system. Why did the Petro.swap team choose blockchain system for trading purposes?
Petro platform consist with Petro B2B, Petro B2C which supply better compatibility to the users. When focuse on the Petro B2B, Petro B2C these functions suits not only for the clients but also for retail users. Do you have an idea to grow up petro platform? If yes, Which improvements does Petro.Swap expect to launch for futher expansion of platform in future
Nowadays crypto market is unpredictable as the dump and pump in price of currencies. Lot of project get dump due to this reasons. When releasing the PETRO token on ERC-20, there will be a huge competition. Do the Petro.Swap have confidence that this project will be succeeded.?When is this token released and On which exchanges? Can we use other cryptocurrency such as BTC, BNB etc. in Petro.Swap platform?
While looking at your product categories, I discovered two products which looked similar in nomenclature but appears to be different based on their described function. I am referring to Petrol.Swap and Petrol.Swap Defi. Can you provide a clearer explanation on these two products and the utility they bring to PetroSwap ecosystem? In what way are they expected to enable the trading of fuel or oil transactions and what makes them different? Also, how do you plan to create liquidity for tokenized oil products which will ensure a seamless trading and sell of these assets on your Defi Swap protocol?
What PETRO is building is a platform for creating and trading derivatives of oil and gas products as well as electricity derivatives. Oil and gas products are very large in number and are believed to be over 6000 ranging from the products gotten from the direct refining of oil and gas to bye products such as paraffin wax etc. So do you have a specific range of products from this industry that you intend to tokenize, looking at the fact that it may not be realistic to tokenize all the products obtained from Oil and Gas.. What are the factors that will be looked at in deciding what Oil and Gas products is tokenized on your platform, and will business and users be able to decide on what specific Fuel-based products gets tokenized on your platform.
PETRO intends to help big fuel providers to manage and track their fuel transactions between corporate clients and regular customers and as Stated in an article of yours one of the distinctive features of your platform is the ability to organize delivery contracts, so can you explain how you are able to track transactions and ensure delivery of fuel products that will be bought and sold on your platform between businesses and clients and how you are able to organize the delivery contracts. And at the moment what Big fuel suppliers do you help in tracking Transactions….
On its Platform PETRO will allow fuel suppliers to sell their products and create liquidity pools on the platform to earn additional revenue from their products.. so if a Fuel supplier wants to sell their products on your platform how do they go about it, what will be required of them and and how do they create their own liquidity pools and earn from them on your platform…
I have a doubt, and that is that there is a token called petro which is a pre-mined Venezuelan token based on blockchain technology and, according to laws approved by the government of Nicolás Maduro in that sense, backed by the reserves of various Venezuela’s natural resources such as oil, gold, diamonds and gas. Does your project have any kind of relationship with the Venezuelan government? Do you work together with the government of Venezuela?
You will allow fuel supplier to issue fuel products, tokenize it and then issue futures contract to provide contract tokens which will be used for providing bulk liquidity. The entire process will also require an auditor and a insurer which will cover the risks related to these transactions. Who selects these auditors and how will they verify if a fuel supplier has a declared amount of sale? Will the process of confirmation of fuel supply and assessment of transaction risks by the insurer happen on-chain or off-chain? How is the entire process designed to ensure greater funds for business development and provide enhanced commodity turnover?
The $ PETRO pre-sale will be launched in the middle of June, according to the information from your Medium, the main function of $ PETRO is to buy commoditized Fuel cards. What is the usefulness of these cards? Also, does $ PETRO work as a utility token? That is, a type of utility token that allows anyone who has one in their power to access products and services that are provided by a private party. Something like a promise.
You will be leveraging on mass expansion and popularity of smartphones to integrate mobile apps as a monitoring and management tool. What type of apps are you planning to build and what distinctive management features will your app have which will allow a transparent and accurate tracking of fuel transaction between clients and customers? Also, will the app be able to carry some blockchain activities in addition its primary transaction tracking functions and can users use it to store $PETRO or any other crypto asset?
I would love to know which country this project is mainly developed for? And if they have expansion, in addition to what are they determined to do to continue reaching popularity and reach more users?
As provided from one of your recent blog publication, Petro.Swap will be conducting 3 different sales round namely; special token sale round, private round and public round. Can you share the details of these sales round, how many $PETRO tokens are allocated to each round and what are the minimum vetting periods? Prior to your public the round sale, would Petro.Swap hold special community events as a way of gathering needed support and enthusiasm in growing the Petro.Swap project?
Petro’s tokenization system envisions a future tokenized fuel-based resources that are easily tradable within the Petro ecosystem, incentivized by the $ PETRO token, which is an integral part of the ecosystem. This brings us to the 4 main pillars of Petro: Petro.Pay B2B, Petro.Pay B2C, Petro.Swap, Petro.Swap DeFi. Can you explain each of these fundamental pillars of Petro?
Petro is here to reshape the traditional closed nature of future-based commodities and make them more accessible to a wider audience with the help of a secure and encrypted shaping of the Ethereum network while simplifying the intricate and complex feature of power. manage, monitor and own fuel-based commodity assets. What are the methods by which PETRO will succeed in reshaping the traditional closed nature of future-based commodities?
Petro, is seeking to tokenize derivatives of oil, gas and electricity products to take advantage of the existing fuel card market and introduce fuel trading in defi. What are the difficulties that have been faced to achieve tokenize oil derivatives?
Even as the world embraces and adopts a cleaner approach to energy production and consumption with sweeping legislative and institutional laws, agreements and accords signed and implemented accross various countries and regions, Petro.Swap still centres it’s project’s core functions and purposes on the very issues that is a contributor to earth’s biggest challenge. Therefore, how would Petro.Swap aim to change the narrative and ensure that it’s products and accompanying solutions, would offer better conservative and a cleaner energy and electricity adoption models amongst it’s users?
Petro is a platform mainly for companies for the creation and commercialization of derivatives such as petroleum derivatives and petroleum derivatives, gas and electricity. I did a little research and found that the Chinese state oil company Sinopec claims to be the largest oil company in the world. Do you plan a partnership with this company due to its large numbers? Or do you have any kind of partnership planned with another company?
Looking at the information on the roadmap, a core aspect of Petro’s platform development are scheduled for stage 1, which involves the unboarding and integration of partner companies (oil, gas and electricity) as well as traders in these sectors, to the Petro.Pay B2B platform. Therefore how does Petro choose the companies and retailers to partner with, what are the underlining criteria? When should we expect the Petro.Pay product to be fully developed and functional, and what are the estimated timeframes to the full development of other Petro’s products?
Have you already established partnerships with any fuel companies or are talks yet to begin? Which company would you most like to work with?
From what I understand to use the app you need to have petro tokens. What is the minimum number of them needed to use the application? what are the other uses of your token?
In the tokenomy I can see that 25% of the tokens are allocated for farming, how and when it will be possible to farm petro?
On the website of Petro Platform it says “PETRO—DECENTRALIZED ECOSYSTEM FOR BIG FUEL COMPANIES”. So, is for users and investors in this project? What will be the benefits of an ordinary crypto savvy in Petro Platform? Why should people who does not own a fuel company invest and use Petro Platform?
Can you please explain little bit about the Petro.Swap? Is it not an ordinary crypto swap platform as I understood. What will investors swap in this platform?
Petro Swap is basing its ecosystem on the use of fuel cards around the world and the adoption of these fuel cards in the digital sphere through smartphones, however in less developed countries this system is in most cases totally manual and obsolete, does Petro plan to take on this challenge too? To bring the digital world and improved with tokenization and the use of smart contracts to third world countries?
You plan the tokenization of gas, oil and electricity products to leverage the fuel card market and introduce fuel trading to defi, but to what extent can this entire market be decentralized? How do you plan to deal with government restrictions from the countries that are responsible for producing and marketing the products? Can all this data be uploaded to the blockchain network without shortcuts?
What are the technological development goals for Petro.Swap? How soon do you aim to achieve your goals?
Hi Petro! ⛽
Petro helps big fuel providers to manage and track their fuel transactions between corporate clients and regular customers. Could you please explain how your platform brings value to your clients compared to the traditional centralized systems they were using before? I assume corporate customers do not really care if the system is decentralized, they care about profits first so the system you offer should be more competitive and cheap than the ones they use correct?
Hi Petro! ⛽
Petro allows Retail Users who open accounts and purchase fuel cards via a smartphone app to gain a cheap and convenient way to buy fuel, buying larger amounts of fuel when prices are cheaper to then use as required. Please tell us more about this use case. Small retail users will mostly be able to fill one tank and that is it, not very big savings. How do you think retail users can benefit most from this offer?
Hi Petro! ⛽
To get the most out of the ability to buy larger amounts of fuel when prices are cheaper, larger companies may want to use big cisterns for fuel storage and accumulation. Will the Petro platform provide a way for such users to order fuel delivery to their storage location in bulk? Do you already have some business clients that signed up to use the platform when it goes live?
I read that Petro has already secured several partners for the pilot product. Would you tell us more about these partners? Are they involved in both the crypto and fuel industries? Also, I would like to know more about the pilot product. Will you be testing the performance of the entire platform or only some stages? Can we know an approximate date of this event?
Based on what I read, you will be doing 3 different sale rounds of your utility token $PETRO: Special Round, Private Round and Public Round. Would you give us more details about each round? Will you be doing these sales through an external platform, whitelist or other way? And when can we expect news about dates?
Petro.Pay b2c allows retail users to use the system and purchase fuel through app-based fuel cards. Would you explain how can a regular person use these cards locally? Can we buy them with common cryptocurrencies or will $PETRO be the only crypto accepted? Also, will you be integrating other methods like credit cards and fiat?
How are customers identified within the application? Is KYC required, or are identifiers not directly related to customers used?
Are there configurable alerts that allow you to take advantage of fuel price fluctuations and automate fuel purchases? Will it be possible to transfer token or fuel to third parties in the application?
Knowing that $ PETRO is an ERC20 token, how do you solve the inconvenient network fees, while ETH 2.0 is bookmarked (assuming this fixes the problem)?
Considering that the main focus of the fuel market is transportation, and that electric mobility is becoming more and more dominant, how many years do you think the fuel industry in general has left?
Many companies probably already have an infrastructure or a system capable of managing fuel consumption in their fleets. What benefits does Petro bring and amortize the costs of migration to its ecosystem?
In which countries do you plan to implement Petro in the beginning? For everything related to available service stations, as well as the corresponding commercial alliances for their operation.
Petro is a tokenized Fuel Trading platform. Enables retail customers to join the system and interact within it by purchasing fuel-based resources by purchasing fuel cards. As I understand it, a fuel card is a virtual card for buying fuel through your application? How to use this card, how can I find out if there are any companies in my city at all from which I can buy fuel with this card? Where is the guarantee that I will arrive at the gas station and my car will be refueled with gas purchased through the mobile application using the fuel card? What does this whole process look like?
⚛ The fuel companies are really big and there exists a lot of them with reputable big names, so can you tell us which companies Petro are working right now ?
The Mainly objetive of Petro is offer a Bridge between DeFi and big fuel companies, but as you know these companies are very unsafe to the world, so apart of provide services to these companies, also you offer the same to companies that use alternative energy sources?
While collecting information about your project, I discovered another company, Petro. Petro is a cryptocurrency developed by the Venezuelan government. Announced in December 2017, backed by oil and mineral resources, used alongside the bolivar and could serve to gain access to international funding. This currency is backed by reserves of oil, gasoline, gold and diamonds. How do you explain the fact of the similarity with the company created by the government of Venezuela (name, token, field of activity)? Are you part of the Petro ecosystem developed in Venezuela? If not, why did you name your project that way, Petro?
I watched a diagram that explains the operation of Petro by stages, and I realized that Petro use the Ethereum Network as center of this technology, so considering that this network has a lot of commissions, have you considered create other ways with other chains more cheapers?
Petro is a very new project, so gain the community trust is a challenge at this time, so can you please speak us a little bit about the founders and official team of Petro? Who are the master minds behind it?
What motivates the founder of Petro merge to crypto space? Does Petro App can be use global?
The Petro platform allows for the creation and trading of fuel derivatives, with an architecture managed over four stages: Petro.Pay b2b, Petro.Pay b2c, Petro.Swap, and Petro.Swap Defi. Would you mind tell us how this four stages works? And As NFT is hit in marketplaces would you plan to add NFT in your platform?
By 4th quarter of this year, Petro aiming for 100,000 app installations, 10,000 active users, and 50,000 liters of daily fuel transactions within the same timeframe. So,to achieve this goal what steps does your platform are trying to apply and implemented in Petro especially for marketing purposes? How does your platform calculate this goal? Currently,can you tell us how many app installation ,active users and liters of daily fuel transaction does Petrol have? Thank you
Petrol System consists of Super Admins (the Petro technical team), Admins (business consumers), and Users (the employees or contractors of those businesses). Can you tell us how many people are working for each position in your platform? What is the specific duty of each position (the super admins,admins and users)? Do you have a physical office for Petrol? If yes and if it’s okay, can you tell us where is your office located? Do you have plan to expand to other place or country in the future for your Branch? Thank you
You say that this system can be applied in companies that sell some kind of service like gasoline but mostly now the fuel with the pandemic has problems, this noce system can be applied in another type of service that is not gasoline or it has to be exactly this to work ?
Since now countries like China Turkey and the United states have regulated or are pending more crypto, having an electronic payment system through cryptocurrencies do you think that in the long run it would be a problem or do you think that they have the necessary permissions to be able to apply this system in a company despite the country ?
The fuel market nowadays are inflating due to the fact that this is a limited resource of the world. It has a diversed utility in operating machines and transportation creating a greater graph of demand. Does this inflation have a connection to the token value and the operation of Fuel Swap since integration of fuel and crypto takes place in Fuel swap?
I was reading in your Medium article that you plan to guarantee the transparency of transactions through a HyperLedger Fabric, can you explain what this ledger is about and what are its advantages in the b2b system?
You will have a product called Petro.Pay b2b, through which companies will be able to make deposits, fuel purchases, view transactions, analytics and establish restrictions on fuel cards, but how do you plan to globalize the adoption of these products? Will all this information be completely public and decentralized or will it be accessible only to administrators and technical staff?
The Petro platform allows for the creation and trading of fuel derivatives, with an architecture managed over four stages: Petro.Pay b2b, Petro.Pay b2c, Petro.Swap, and Petro.Swap Defi. Each stage corresponds to a certain circle of users. Why did you name these stages exactly as you named them? What are the main functions in them? And why did you decide to bind to each stage exactly those users who are served at each stage? What is the essence of each stage, what processes are carried out in them?
Trust and durability of a project is very important for an any investor to invest in a new project. Which kind of things have you planed to do for the success of this project?
Where from can we buy this token?
According to the your briefings, you are providing 4 main pillars of petro. Those are Petro.Pay B2B , Petro.Pay B2C , Petro.Swap , Petro.Swap DeFi. Can I know the benefits of using these features than currently using traditional card system?
Most of new token is used Burn black holes to stable the market of tokens. Do hope to arrange a Burn Black hole project? Otherwise which kind of things will you do to establish the Stability of tokens?
Can we use these tokens only for transact in fuel trading? Otherwise will we be able to use an existing exchange to exchange these tokens for other tokens?
According to the former business experiences in the world every new projects need a better campaign to familiar with people? Which type of campaign do you plant to start?
PetroSwap DeFi has its own AMM for trading derivatives. What is the main use of this? How can users get access to this?
Petro Swap introduced an application where users especially those who own vehicles that consume gas for daily transportation will be able to buy gas in advance where the market prices for fuel is low. However, price hike and roll backs are regularly experienced in gas stations nowadays. It made me think if this irregular market movements causes an effect to this application? Wouldn’t it be unfair for the gas stations if the gas were prepaid in the app or are there selected gas stations who made partnerships with you where this app will be available for use?
I see that Petro Swap DeFi work under Ethereum Chain, is there any reason of choose to be launching on Ethereum as I know ETH really have problem with high Gas Fees? What is the benefit that you got from using Ethereum? Well, do you have any plan regarding launching to other chain for example BSC?
What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
Can you tell me what benefits have you received from the experience and background of your Team members?
How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates???
I’m really interested with Petro Swap stablecoin, on your medium you announced the tokenized assets can then be freely traded between crypto traders against cryptocurrencies and stablecoins. Can you introduce to us what stablecoin do you have inside your trading platform? Is that stablecoin pegged to USD $?
Could you please briefly explain PETROPAY B2B, PETROPAY B2C and PETRO SWAP? What are they? How will these features help to your customers to make things easy?
Do you have any mobile app that can track the fuel prices and identify when fuel is cheaper? Or are you going to develop a mobile app for this?
The goal of the DeFi app is to create a new financial system that eliminates subjectivity, bias, and inefficiency by relying on programmable terms. Does the project network support this vision and how does it participate in the DEFI space?
Is this your project only for elite investors, how about others with small funds, is it open to everyone?
I found that Patrol Swap is really a new project for a trading platform, as a trader I want to make sure your platform is safe from hack and other bug problem. So can you tell us how is security system for Patrol Swap trading platform? How did you convinced that no one can harm trader asset?
“Petro is a platform for creating and trading derivatives such as oil and oil products, gas, and electricity derivatives” Have you already implemented this platform? If yes how are you going to control the price of those derivatives according to the real market?
15% token amount(3 million) will be shared with your team. It is a considerable amount. Why are you going to give such a big amount for the team? Do you have any plan to lock them for a significant time period? Because this may effects for price volatile of the token
You have mentioned about a card platform in your website, how will this CARD PLATFORM work? Is it only for the retail users? Please explain more abiut it?
Do you have any plan to change the project to a new way if fuel consumption of the world comes to end, because we all know that fossil fuel is going to be exhausted and people will choose a another way in future
Recently DAPP, DEFI and NFTs are the most famous features in crypto. But I did not see any kind of those products mentioned in your website, Do you have any plans to make products and implement new features on those?
What is this “PETROSWAP DEFI” mentioned in your website? How will this going to be worked? Are you going to add Liquidity Pools for this also?
How are you going to attract fuel companies to your platform? Which advanatges will be there to attract them? Why do you think fuel companies should comply with your project?
Are you a community based project? How can I work for the success of your project? Do you have a Global Ambassador Program or a Referral Rewards System?
One of the main problems in exchange is liquidity, based on this premise, what does your project offer? Are mostly looking for the best returns in liquidity and also the risk of going to many exchanges?
What type of energy do they handle, is it renewable? Being a resource token, it draws a lot of attention, but it can be chaotic if its energy consumption is high and non-renewable.