The oil and gas giant is making payments via tokens that are backed by the tokenized company’s common stock.
Exxon Mobil said it plans to start issuing these tokens this year in order to offer more value to the companies users.
The company said the tokens will be used to reward loyalty program participants and reward customers who participate in loyalty programs.
The tokens will also help fuel growth for its digital marketing efforts.
Exchange and tokenization companies have a lot to gain by offering such tokens, said Alvaro Pérez-Santos, chief technology officer at cryptocurrency company Ledger.
Token holders can then sell these tokens on the open market, where they could be exchanged for the company’s stock.
However, the company will not be able to charge the holders a transaction fee.
According to Péresos, this is good for both the company and the cryptocurrency ecosystem.
He added that the tokens are also an easy way for companies to monetize their platform, which could boost its value and lead to more adoption of the tokens.
The tokens, which are priced at $0.01 per token, will be issued in January.
They are designed to give the company more control over its platform.
Péreresos said it was not clear yet what the tokens’ trading value would be, but that they could potentially be used for a variety of things.
The company is also taking steps to provide more transparency in its tokenization efforts.
The token sale will be open to the public, and the token distribution process will be publicly available.
Exchanges will also be able sell tokens at a market rate.
The goal is to increase the tokenization of the company, but not necessarily to give more control to its shareholders.
The only way to do that is by increasing its transparency and making it available to the wider community, Péesos said.
Exodus, a tokenization company, plans to release the tokens in 2018, as well.
According to a press release from the company this month, the tokens should be traded by end-2017.
Exhibit 1: The Exo Token, the token with which Exxon Mobil intends to distribute its digital currency.
Exo token saleExxon is not the only oil and natural gas company offering tokens.
The first public token sale was held in 2018 by digital currency platform Ledger, and its token price has since gone up about 10%.
The token is expected to be worth $1 billion.