Oil under every coin nothing more promised.
One asset. One curve.
ZCrude does one thing. It lets anyone launch a coin whose curve is denominated in a tokenised energy asset, and lets anyone trade it from their own wallet. Founders pay in Zcash, with no wallet to connect. Traders sign their own trades. The curve keeps the asset.
What ZCrude is
Why energy
Oil still moves the world every day. It also trades in tokenised form: USO, a fund of crude futures, and XOM, an oil major. ZCrude puts them under a curve, so a coin can carry something besides belief.
Four rules
Backed
The curve holds the asset itself. Not a promise of it.
Permissionless
Anyone launches, with ZEC. Anyone trades, from their own wallet.
Plain
Fees, thresholds and risks are stated. What we cannot back, we do not claim.
Redeemable
A basket unit breaks back into its components, 1:1, when its holder asks.
The assets
USO
XOM
Crude + Major
Custom
What the curve does. And what it does not.
“Backed” means the curve holds the asset. It does not mean a coin is worth the asset, or worth anything.
On backing
01 / 06
USO tracks oil futures, not spot crude. Rolling those contracts costs money, so USO can fall behind the price of oil over time.
On USO
02 / 06
XOM is a tokenised share of Exxon Mobil. It moves with the company, not only with oil.
On XOM
03 / 06
A basket unit is minted 1:1 against fixed amounts of its components. Its holder can redeem it for those components.
On baskets
04 / 06
A USO coin graduates to a Uniswap pool. XOM coins and baskets stay on their curve for good.
On graduation
05 / 06
Nothing here is insured or guaranteed. A raise is not a promise.
On risk
06 / 06
