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PetroDollar (XPD) Frequently Asked Questions
What is PetroDollar?
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. (Description provided by CryptoCompare)
How do I buy PetroDollar?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including PetroDollar.
Where can I get PetroDollar wallet?
PetroDollar produces its own wallet software that is available for download on its website, which allows you to store PetroDollar on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of PetroDollar?
One PetroDollar (XPD) is currently worth $0.01 on major cryptocurrency exchanges. You can also exchange one PetroDollar for 0.00000030 bitcoin(s) on major exchanges. The value (or market capitalization) of all available PetroDollar in U.S. dollars is $955,413.40.
What hashing algorithm does PetroDollar use?
PetroDollar is a coin that uses the
How do I mine PetroDollar?
PetroDollar and other
SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.
What coins are similar to PetroDollar?
The following coins use the same hashing algorithm (SHA-256) as PetroDollar: Ixcoin, Freicoin, StrongHands, BUZZCoin, Deutsche eMark, PayCoin, Version, GlobalToken, Zayedcoin, Acoin, Californium, Eurocoin and ARbit.
MarketBeat Community Rating for PetroDollar (XPD)MarketBeat's community ratings are surveys of what our community members think about PetroDollar and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
PetroDollar (XPD) Price Chart for Friday, May, 14, 2021
PetroDollar (XPD) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as PetroDollar. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "PetroDollar Coin" over the last 90 days.
PetroDollar (XPD) Website Traffic
PetroDollar (XPD) Social Media Trends
PetroDollar (XPD) News Headlines