As mentioned in the whitepaper of PetroDollar, the regulatory-compliant cryptocurrency of PetroDollar seeks to rely on the ingenious concept of the blockchain. Besides, the digital currency of PetroDollar is supported by recoverable and independently certified oil and gas reserves. Furthermore, PetroDollars aims to allow individuals to effectively utilize a transparent cryptocurrency backed by the value of natural gas as well as crude oil. The properties of PetroDollar are inherited from the ERC20 protocol. The major features of PetroDollar aim to include browser-based wallet encryption, blockchain-based transparency, and accountability.  

PetroDollars seeks to ensure its value by offering a fully verifiable asset reserve. Moreover, PetroDollar aims to partner with some of the leading and globally recognized petroleum engineering audit institutions. By partnering with reputed organizations, PetroDollar seeks to help the PetroDollar holders in cost-effective monitoring and auditing of the pool of oil reserves. 

XPL is the token name for PetroDollar. Linking verified and existing real-world assets to PetroDollar tokens aim to help the holders of digital currency to transfer and hold intrinsic value in the form of digital token hassle free. 

Furthermore, all transactions in PetroDollars are recorded in a blockchain distributed ledger. As a result, the digital currency transactions of PetroDollars seek to be permissionless, censorship resistant, and trustless. Each issued PetroDollar seeks to maintain a minimum 1:1 ratio with a single reserve barrel of oil for the foreseeable future. By doing so, the digital coin aims to ensure price stability and measurable intrinsic value. 

The PetroDollar was founded in February of 2014. PetroDollars was launched by a team based in California. The team members efficiently coordinate and manage the operations of PetroDollars. Furthermore, the team aims to ensure the compliance of PetroDollars with applicable laws of the United States as well as other jurisdictions. In other words, the skilled team of PetroDollars seeks to be fully transparent and committed to legal compliance. Also, PetroDollar aspires to build an extensive product development, blockchain, and R&D team. The PetroDollar (XPD) has a market capitalization of around $600,000.