How it works
A coin whose curve holds oil.
The mechanic
A bonding curve prices a coin against one other token. On ZCrude that token is USO, XOM, or a basket unit minted against both. Buys deposit it. Sells withdraw it. That is what “backed” means here, and all it means.
Five steps
(05)
Choose the energy asset
USO, XOM, or a basket of the two. A basket unit is a token minted 1:1 against fixed amounts of its components, worth about a dollar when it is created.
Name it and send ZEC
The launch page shows one Zcash address and one amount. Send it and the coin launches by itself, usually within about 15 minutes of the payment confirming. If the payment is short or never arrives, the ZEC is returned to the refund address you gave.
Buyers deposit the asset
Each buy puts the energy asset into the curve and sends coin to the buyer. With a basket, one transaction gathers the components, mints the unit and buys.
Sellers withdraw it
Each sell returns coin to the curve and pays out the asset. Basket sellers receive the components. The founder earns 2% either way.
Graduation
A USO coin moves to a Uniswap pool at the threshold. XOM coins and baskets stay on their curve for good; reaching the target makes the founder’s accrued 2% claimable.
What is fixed
The backing
Chosen at launch. It cannot be changed afterwards.
The record
Every deposit into a curve and every withdrawal from it is public.
Creator fee
2% of every trade, to the founder.
Launching
Paid in ZEC. One address and one amount, shown before you send.
Redemption
Basket units redeem 1:1 for their components.
Guarantees
None. Not insured. A raise is not a promise.
The assets, plainly
USO — crude futures. Roll cost. Not spot oil.
XOM — tokenised Exxon Mobil equity.
Crude + Major — USO 50, XOM 50.
Custom — your own weights of the two.
