PetroDollar climbed 206% in the last 24 hours.
This coin has recently traded at 6.37E-06 Bitcoins which is about 637 Pandacoins.
PetroDollar is a peer-to-peer digital currency designed to deflate with relation to the world crude oils reserves. PetroDollar has a approximate 1:10,000 relationship to barrels of oil still existing in the ground, thus creating an analogy of the USD/OIL trading pair. Every transaction(Tx) broadcast over the PetroDollar network will be charged a transaction fee to be destroyed in line with oil depletion. Transaction fees are destroyed autonomously, at an organic rate based on a mathematical model of the oil market. PetroDollar has a current fee of 1.429% of the amount transmitted, increasing to approximately 15% in year 2045.
It is listed on Cryptopia and Yobit cryptocurrency markets.
What are your thoughts on this coin and its recent price rise?
Leave your thoughts on PetroDollar (XPD) in the comments below.
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