Frequently Asked Questions

Chevron Energy is a blockchain-based platform that tokenizes crude oil, enabling secure, transparent, and real-time trading of oil-backed digital assets.

Chevron Energy introduces a dual-token system:

• Chevron Energy utility token - for governance, access, staking
• Chevron Energy-OIL token - representing physical oil reserves

Chevron Energy-OIL is an asset-backed token corresponding to a specific quantity of crude oil. Each token is linked to verifiable reserves stored in third-party custody and can be traded or redeemed.

Key features:

• 1:1 backing with physical oil barrels
• Embedded metadata (grade, location, ESG data)
• Real-time tracking and verification
• Redeemable for physical delivery

Chevron Energy includes both:

• Chevron Energy Utility Token - for governance, access, staking
• Chevron Energy-OIL Token - representing physical oil assets

This dual structure provides both utility functions and real-world asset backing.

Start with our demo account to practice trading without risk. We also provide:

• Educational resources and tutorials
• Market analysis and insights
• Step-by-step guides on oil trading
• Blockchain technology explanations
• Live webinars and Q&A sessions

Withdrawals are processed instantly through smart contracts for crypto assets.

For fiat withdrawals:

• Bank transfers: 1-3 business days
• Wire transfers: Same day to 2 business days
• Digital wallets: Instant to 1 business day

Processing times depend on your payment method and bank procedures.

Yes! Our mobile app is available for both iOS and Android devices.

Mobile features include:

• Full trading functionality
• Real-time market data
• Portfolio monitoring
• Push notifications for price alerts
• Secure biometric authentication

The minimum deposit amount is $10 USD. This low barrier to entry makes Chevron Energy accessible to traders of all levels and investment capacities.

We support various deposit methods:

• Bank transfers
• Credit/debit cards
• Cryptocurrency
• Digital wallets

Chevron Energy is built on Ethereum and optionally runs on Layer-2 solutions for better scalability and lower gas fees.

Supported networks include:

• Ethereum mainnet
• Polygon for lower fees
• Arbitrum for fast transactions
• Custom sidechains for enterprise use

Multiple layers of security protect the platform:

• Audited smart contracts by top-tier firms
• Multi-signature wallets
• Secure APIs and infrastructure
• Regular penetration testing
• Cold storage for large holdings
• Insurance coverage

Through licensed storage facilities and blockchain-based oracles that report real-time reserve data.

Verification process:

• Third-party audited storage facilities
• Regular inventory certifications
• Blockchain oracles for real-time data
• Transparent reserve reporting
• Public attestations

Chevron Energy complies with international standards, but some regions may restrict access. Please consult local laws.

We operate in compliance with:

• Financial regulations in major jurisdictions
• Anti-money laundering (AML) laws
• Know Your Customer (KYC) requirements
• Commodity trading regulations

Yes. KYC is mandatory to access Chevron Energy trading, redemption, and utility features.

KYC requirements include:

• Government-issued ID verification
• Proof of address
• Selfie verification
• Source of funds declaration (for large amounts)

We charge minimal platform fees for trading and settlement. Deposit fees vary by payment method.

Fee structure:

• Trading fees: 0.1% - 0.25%
• Deposit fees: Free for crypto, 2-3% for cards
• Withdrawal fees: Network gas fees apply
• Redemption fees: Logistics and processing costs

All fees are transparently displayed before confirming transactions.