User:Draddex/DeXentra
| Submission declined on 16 April 2024 by Star Mississippi (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
 | |
| Industry | Cryptocurrency |
|---|---|
| Headquarters | Zug, Switzerland |
Area served | Switzerland, Liechtenstein, Germany, Austria, Italy and select U.S. states |
| Products | OilXCoin token (OILX), OilXCoin NFT |
| Website | https://oilxcoin.io |
DeXentra is a cryptocurrency issuer headquarted in Switzerland. The company is issuer of an NFT and an ERC-20 token which is based on the Ethereum blockchain, branded under the name "OilXCoin".
In the context of the more recent significant cryptocurrency market corrections, there is growing demand and optimistic outlook for Real-World-Assets (RWAs). RWAs refer to tangible or intangible assets from the traditional financial world — from real estate and commodities to intellectual property and financial instruments — that are tokenized and integrated into the blockchain.[1] DeXentra is introducing a new variation to the principle of an RWA in the form of a Value Chain Digital Asset, in that not only the underlying commodity is tokenized but rather also its respective value chain.
DeXentra's Value Chain Digital Asset, OilXCoin, is based on gas-in-place and oil-in-place reserves, meaning the underlying commodity is natural gas and crude oil respectively. However, it continues on to also cover the upstream value chain of these resources.
History[edit]
The company was founded November 20, 2023 in Switzerland.
As of December 2023, DeXentra is in the process of creating a securities prospectus for the OilXCoin token together with Lenz & Staehelin (a leading Swiss based law firm) for submission to the Swiss regulator FINMA and with Naegele Associates at Law (a leading Vaduz based law firm) to the Liechtenstein regulator FMA. Pending the approval from these regulators, the begin of public circulation of the token in Switzerland and the European Economic Area is planned for the summer of 2024.
In February 2024, DeXentra began the private sale of the OilXCoin limited NFT to select investors in select European jurisdictions. Due to regulatory requirements, detailed information on the NFT is not available to the general public and is only be accessible on a restricted website.
In April 2024, DeXentra notified the SEC and select U.S. states of their intention to offer the NFT under Regulation D 506(b).
With the support of Seward & Kissel (a leading Washington DC based law firm), DeXentra intends to initiate the SEC securities approval process immediately after receiving the approval for its prospectus in Switzerland and Liechtenstein.
Investment Products[edit]
DeXentra is to initially issue two digital assets, the NFT and the OilXCoin token, both of which are expected to be classified as securities by regulators.
The NFT is an ERC-721 token based on OpenZepplin smart contracts. Due to regulatory requirements, NFTs can only be acquired in the U.S. by accredited investors and in Switzerland and other select EEA jurisdictions by a limited number of select investors. The NFT is not being offered in any another jurisdictions.
The OilXCoin is an ERC-20 token which is intended to be initially traded on decentral exchanges (DEXs) under the ticker symbol "OILX" once it has received its respective regulatory approvals.
As opposed to a classical discounted token which is offered in an ICO pre-sale, DeXentra has selected a different route and anchored benefits in its NFT to motivate select investors to purchase NFTs in the pre-token launch phase.
References[edit]
- ^ Clarke, Anthony (February 20, 2024). "Are Real-World Assets (RWAs) the Next Big Thing in Cryptocurrency?". NASDAQ. Retrieved April 10, 2024.