R FinTECH launches bilur the first cryptocurrency backed up by stored energy
Today, bilur, has been presented at Geneve, as the first cryptocurrency with real value.
Based on a consensus peer-to-peer network that enables a new money system and completely decentralized, bilur will, by definition, be backed by units of stored energy.
1 bilur = 1 Ton Oil Equivalent (TOE) = 11.6 MWh of energy
1 TOE Brent crude = 6.481 barrels x Dated Brent price*
*This value is variable and calculated daily with Standard & Poor's Platts Dated Brent assessment. As an example, with the average Brent Barrel price Feb 2017, 1 BILUR = $356.45
More info www.bilurmarket.com