# $OIL

![:love:](https://cdn.discordapp.com/emojis/1142337320901677086.webp?size=40\&quality=lossless) In Oilverse, [the Oil token](https://twitter.com/Oilverse/status/1713030859178361047) is an ERC-20 utility token used as a reward. Here's a concise breakdown:

<figure><img src="https://3716034044-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSUYIjQeCoDDO63l5kZHM%2Fuploads%2F8rWk5TsDiTlNghl5HkJD%2FOilfield_make_you_rich.jpg?alt=media&#x26;token=86184aa8-7ffd-4429-ad44-0c2ebc0cca8b" alt=""><figcaption></figcaption></figure>

* **Utility Token:** Oil is an ERC-20 utility token designed for specific functions within Oilverse.
* **Reward System:** Users earn Oil tokens for various activities, encouraging engagement.
* **Locking Period:** Most Oil tokens are locked post-launch, gradually unlocking over four years.
* **Market Fee:** Initially, 10% of tokens unlock for use as a market fee.
* **Excluded Rewards:** Social-to-earn rewards are separate from the market fee allocation.

<figure><img src="https://3716034044-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSUYIjQeCoDDO63l5kZHM%2Fuploads%2FcaETpToBT4bUL525neiN%2F%24OIL%20DISTRIBUTION%20(3).png?alt=media&#x26;token=917a2bd1-3350-4a03-9a79-4a9454ddc046" alt=""><figcaption></figcaption></figure>

| Round                                        | Percentage | OIL Token   | Vesting plan |
| -------------------------------------------- | ---------- | ----------- | ------------ |
| TEAM[^1]                                     | 17.10%     | 444,600,000 | Locked       |
| AIRDROP[^2]                                  | 5%         | 130000000   | Unlocked     |
| [PUBLIC SALES](#user-content-fn-3)[^3]       | 10.00%     | 260,000,000 | Unlocked     |
| MARKETING[^4]                                | 17.90%     | 465,400,000 | Locked       |
| [NFT PASSIVE INCOME](#user-content-fn-5)[^5] | 24.47%     | 636220000   | Locked       |
| Play2Earn[^6]                                | 25.53%     | 663780000   | Locked       |

<table><thead><tr><th width="302">TYPE</th><th>$USDT</th><th>$OIL</th></tr></thead><tbody><tr><td>TMV</td><td>11627142.86</td><td>2600000000</td></tr><tr><td>ICO</td><td>0.004471978022</td><td></td></tr><tr><td></td><td></td><td></td></tr><tr><td>NFT PASSIVE INCOME - 3 Months</td><td>199</td><td>4975</td></tr><tr><td>NFT PASSIVE INCOME - 1 Day</td><td>1.99</td><td>49</td></tr><tr><td>NFT PASSIVE INCOME - 1 Hour</td><td>0.08</td><td>2</td></tr></tbody></table>

* ICO Token Price: 1 OIL = 0.03 USD
* Total Tokens: 2, 600, 000, 000
* Available for Token Sale: 10%

<figure><img src="https://3716034044-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSUYIjQeCoDDO63l5kZHM%2Fuploads%2FyChwlN02mbl5ple9RQXd%2F%24OIL%20VESTING%20SCHEDULE.png?alt=media&#x26;token=90916def-4ef2-4dad-b561-d3fa865a1768" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="135">Time</th><th>TEAM</th><th>MARKETING</th><th width="148">PUBLIC SALES</th><th width="110">AIRDROP</th><th width="216">NFT PASSIVE INCOME</th><th>Play2Earn</th></tr></thead><tbody><tr><td>DAY 0</td><td></td><td></td><td>100%</td><td></td><td></td><td></td></tr><tr><td>MONTH 12</td><td>35.00%</td><td>35.00%</td><td></td><td>50%</td><td>47.50%</td><td>35.00%</td></tr><tr><td>MONTH 24</td><td>21.00%</td><td>21.00%</td><td></td><td>25%</td><td>21.25%</td><td>21.00%</td></tr><tr><td>MONTH 36</td><td>17.00%</td><td>17.00%</td><td></td><td>25%</td><td>15%</td><td>17.00%</td></tr><tr><td>MONTH 39</td><td>15.00%</td><td>15.00%</td><td></td><td></td><td>6.25%</td><td>15.00%</td></tr><tr><td>MONTH 48</td><td>12.00%</td><td>12.00%</td><td></td><td></td><td>10%</td><td>12.00%</td></tr></tbody></table>

![](broken-reference)

[^1]: 0x10469D48Ce598772243d4D09B0Eaf6eCC4e76640

[^2]: 0x4fb5717c05fe6145bD086EBB75100E99cea2C76C

[^3]: 0x88531AaBfD4C8f81A0d1871b87FcDC6875278c85

[^4]: 0x4679202C1B53dbe4ED5FDfAC42f3e660De310908

[^5]: 0xFD2991FB886FE2a0a646636DAAEd1CFA6D3Df911

[^6]: 0xBF3721a1874972Ab53C404a391CAFb284882789f
