The $GEOM Whitepaper is now live.
This is our vision for tokenising oil and bringing commodity markets on-chain through verifiable data, transparent infrastructure, and institutional-grade settlement.
https://t.co/hkLA7wrqJb
Had a conversation with a crypto friend, asked why I think this one is different…
Up to 13 billion barrels of oil, and if we tokenize any portion of that, we’d be the first mover in bringing oil on-chain at this scale.
That’s a pretty wild thought for $GEOM holders 👀
$GEOM = @Geom_Global is building the data + oracle infrastructure so real commodities oil, minerals, etc. can be properly tokenized on chain, backed by actual public energy companies
backed by two actual public companies with real greenland assets:
- @GL_Energy_Co (nasdaq: GLND) - oil
- @USFM_Corp - critical minerals
this gives it more credibility than most pure crypto RWA projects
almost none of the world’s most important commodities especially oil exist on chain in a trustworthy way
- Oil & gas alone is a multi trillion dollar market
- tokenized commodities are currently only $5 billion and mostly just gold
- there is basically $0 of properly tokenized crude oil at any real scale
institutions and markets won’t tokenize these assets unless they can verify the underlying data (reserves, production, ownership, etc.)
GEOM builds that missing trust layer the verifiable data + oracle infrastructure so oil, minerals, and energy assets can actually move on chain in a credible way
what they are currently working on to launch:
their product mvp is live with:
- an interactive 3D world map showing real oil fields, mines, power plants, pipelines, etc
- all those assets are registered and verifiable on solana
- you can see the data, history, and proof that it’s signed on chain
and full tokenization product is coming soon
team of @Geom_Global :
@larryswets
larry is the founder of geom and he is the co founder greenland energy company which is listed on @Nasdaq
https://t.co/kJP8xnsLpq
robert is co founder of geom and he is ceo of greenland energy background: experienced oil & gas operator and entrepreneur
https://t.co/4ErBCMsFNC
tldr; real public energy companies + huge empty market for tokenized oil + live map/oracle mvp = higher quality early RWA bet than most pure crypto projects
ca: 6dX5M8DY6VTFtVRX5yzWn9RE4MkJTyoAVbAodk6cpump
The executive director said that he completed a snapshot of holders’ balances before launching the new token. After the new token was issued, he did indeed distribute the airdrop to us holders, and early holders did not suffer any significant losses.
I’d like to add one more point: the old token was not issued by him. It was issued by his friend @GalianoTiramani , who is also the owner of another crypto-friendly company.
The executive director said that the snapshot of the old token holders’ addresses had already been completed when they announced the launch of the new token. Selling afterward would not affect your eligibility. You can share your on-chain wallet address with me, and I’ll help you check.
@rowlinns@larryswets I estimate the snapshot time to be between 8:00 PM and 10:00 PM on July 23rd, Beijing time. Did you hold the old token at that time?