The Oil Art Project is Combining Innovation and Traditional Approaches
Leonardo da Vinci’s famous “Salvator Mundi” painting was initially sold for $60. A couple of decades later it is worth over $450 million. The same goes for Picasso's painting which was sold for $20 in 1912 and is valued at millions of dollars now. The underlying factor behind these historic price leaps is belief. People believed in these paintings!
Bitcoin, like these paintings, experienced a similar increase in value. Launched over a decade ago, the premier cryptocurrency was worth only a meager $0.0009 in 2009 and $56,321 in 2024 (as of the time of writing). The connection is palpable.
The global art market rose to a whopping $65 billion in 2023, showing its resilience despite recent price drops post-COVID. Cryptocurrencies also saw a 108% increase in market cap, from $829 billion to $1.7 trillion in the same year. These separate industries have shown great strength despite depleting financial conditions globally, leaving experts envisaging the possibilities of a merger and the potential it holds.
Introducing the Oil Art Project, an Arbitrum-based platform designed to facilitate great returns for both long-time and short-term traders. It is enabling users to become collectors of priceless antiques in the world of cryptocurrencies.
While most are waiting for one tap-to-earn platform or another, Oil Art is reintroducing the old cryptocurrency industry we know and love—one where the only goal is to invest and multiply. This project is ideal for institutional investors searching for stable and long-term income as well as for small-scale traders seeking quick profits.
Oil Art aims to convert token owners to active members of a large-scale corporation. However, the ticket to this profitable platform is the native token—OIL.
The OIL Token
OIL is the project’s native token responsible for running the ecosystem. According to the team, OIL holders will enjoy special privileges such as voting rights. It is the ticket to the Oil Art ecosystem.
OIL is currently tradable on the MEXC exchange, and according to reports, it did a 30x price increase on listing day. OIL token is poised to grow, the recent burn program which saw 80% of the emission removed from the total supply is substantial proof. The potential launch of a comprehensive, utility-replete platform will further solidify its continuous growth.
The Oil Art team unequivocally states “Invest what is in your pocket and in a year you will be surprised.”
OIL Token Distribution Formula
There is a total maximum supply of 100 billion OIL tokens and only a percentage will be tradable on centralized and decentralized exchanges. The Oil Art team put forward a sustainable token allocation formula that guarantees the team and investors’ dedication to the project over an extensive period.
Here are the token distribution percentages:
- 30% to maintain liquidity across decentralized and centralized exchanges.
- 30% to a specially designed self-destructing storage system that only long-term investors can buy from. A 10-year ban has been placed on all token sales.
- 15% to token development and necessary support for the ecosystem.
- 5% for marketing purposes.
- 5% to an insurance fund.
- 5% to the development and sustainability of the coin ecosystem.
- 5% to the team. However, a programmatic and legal ban has been placed on selling these coins within a five-year framework. This is a measure to guarantee long-term commitment to the Oil Art Project.
The Oil Art team is working to release a comprehensive platform that combines art and cryptocurrencies.
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