D.E.B.T. is introducing Explore (XPLR), the first token project from our ecosystem that provides technology and services to various commodity suppliers around the world. The XPLR token is supported by royalties generated from the real-world commodity companies and governments utilizing proprietary satellite scanning technology offered through D.E.B.T.’ s partners. XPLR software mining license holders are rewarded daily for their support of the ecosystem.

This article describes the principles of work, key benefits, utility and tokenomics of the XPLR Token Project.

Explore: 8 Key Benefits

XPLR provides a technology-driven approach to the commodities exploration industry with multiple benefits for producers of raw materials. At the same time, the project allows all interested persons to support the real-world industry through blockchain and earn digital currency rewards.

XPLR will contribute to the commodity-based industries by offering the following benefits:

1. Advanced proprietary remote sensing and satellite imagery technology;
2. Drastically reducing the amount of costs and resources needed for exploration;
3. Establishing more commodity target value;
4. Creating efficiencies throughout exploration, extraction, refining and/or production of raw commodities;
5. Establishing value earlies in the process thanks to tokenization;
6. Allowing for more eco-friendly operations with less unnecessary drilling;
7. Maximizing realized extraction value of commodities;
8. Stable off take for raw commodity production.

The proper use of technology is crucial for the natural resources industry, as it influences the lowering of expenses during this critical stage in the exploration process. XPLR can help in finding the most rich areas for commodities extraction, resulting in higher production and revenues.

Explore Milestones

The Explore project and its partners have already completed a number of key milestones required for sustainable work on the merge of the commodity industry and blockchain:

• Hold exclusive contractual right of the use for proprietary satellite technology.
• Partner with Commodity Development and Natural Resource Estimate companies in the USA and in Africa.
• Secure several physical commodity projects to support enhanced production within agriculture, crude oil and gas, minerals and mining, etc. and offtake royalty payment cash flows from these industries.
• Identify probable and proven natural resources reserves for extraction and development.
• Listing XPLR token on PancakeSwap

Utility and Tokenomics

The Explore (XPLR) token has been designed as a deflationary token, to create a true supply and demand economic dynamic. The XPLR project is supported by four areas:

1. XPLR project royalties coming from commodity-oriented companies through our chosen partner.
2. XPLR software mining license purchases. For every purchased license, a predetermined amount of XLPR token rewards will be placed into the XPLR ecosystem pool.There are a total of 500,000 licenses.
3. Annual halving, which takes place every year on October 1st. During this process, 50% of the XPLR tokens available in the pool are burned and removed from circulation to support the true value.
4. Transactional fees within the D.E.B.T. blockchain ecosystem. XPLR is subject to a 10% transaction fee.

XPLR is a BEP-20 token running on the Binance network. The D.E.B.T. mobile app allows for transactions and swaps within our blockchain ecosystem.

All XPLR tokens must be digitally mined by XPLR software mining license holders and will only be available for purchase through third-party digital currency exchanges.

Earn Daily Rewards With Licenses!

The XPLR project will offer 500,000 retail software mining licenses. When all licenses are sold, they will be converted to transferable NFTs, becoming a perpetual asset.

While an XPLR software mining license is active and connected to the internet, it is supporting the D.E.B.T. blockchain ecosystem. For this support, each license holder will be rewarded with a daily distribution of XPLR rewards.

Tokens generated as a reward are deposited into the XPLR Piggy Bank wallet daily (within 24-hours), and can be withdrawn to a user’s XPLR wallet and then stored, exchanged for other currencies or used to make additional purchases in the D.E.B.T. ecosystem.

Summary

The Explore (XPLR) Token project is a unique initiative developed by the D.E.B.T. ecosystem that provides advanced technology to real-world commodity producers, and gives an opportunity for public society to become a part of this initiative while earning crypto rewards.