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OIL Token (OIL) converter and calculator

OIL Token (OIL) converter and calculator

Convert 1OIL Token (OIL) to United States Dollar (USD) equals $0 | Bitget
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OIL
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides OIL to USD real-time exchange rates, making it easy to convert OIL Token (OIL) to United States Dollar (USD). The conversion result is based on real-time data. The conversion result shows that 1 OIL is currently valued at 0 USD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OIL is currently valued at 0 USD, which means buying 5 OIL would cost 0 USD. Similarly, $1 USD can be converted to Infinity OIL, and $50 USD can be converted to Infinity OIL, excluding any platform or gas fees.

About OIL Token (OIL)

The Dawn of Digital Finance: Understanding the Significance and Features of Cryptocurrencies

The world of finance witnessed a revolutionary turn with the advent of the cryptocurrency, a digital asset with far-reaching implications. Understanding cryptocurrencies and their significance requires tracing back to the history that led to their creation and discerning the critical features that distinguish them from conventional monetary systems.

Historical Significance of Cryptocurrencies

The inception of cryptocurrencies can be attributed to the 2008 financial crisis, exposing inefficiencies and frailties within the traditional banking systems. Complementing this economic upheaval was the growing unease about entrusting personal finances and data privacy to third-party intermediaries.

These elements converged to form a backdrop for the Bitcoin whitepaper, penned by an anonymous entity known as Satoshi Nakamoto. Bitcoin emerged as the first cryptocurrency, a form of digital cash that leverages cryptography to secure transactions and control the creation of new units.

Cryptocurrencies have since progressed at an exponential pace, extending the financial frontier. They have introduced an unprecedented degree of decentralization, enabling peer-to-peer transactions without the need for a centralized authority.

Key Features of Cryptocurrencies

Understanding the seminal features of cryptocurrencies is critical to appreciate their transformative potential.

Decentralization

Decentralization forms the cornerstone of cryptocurrencies. Traditional banking systems are essentially centralized, requiring intermediaries for transactions. Cryptocurrencies leverage Blockchain technology to eliminate the need for these intermediaries, establishing a distributed consensus mechanism. This ensures greater transparency and lessens the risk of systemic failure.

Secured by Cryptography

Cryptocurrencies, as the name suggests, are safeguarded using advanced cryptographic techniques. They guarantee the transaction's privacy and security, making it nearly impossible for malicious actors to manipulate the system.

Pseudonymity

While transactions made through cryptocurrencies are transparent and traceable, they are tied to an alphanumeric address rather than directly identifiable personal information.

Accessibility

Cryptocurrencies create an inclusive financial system. With simple internet access, anyone can make use of cryptographic assets, providing alternative financial avenues, especially for the unbanked or underbanked world population.

Limitation of Supply

Most cryptocurrencies, including BGB, have a finite supply, safeguarding them against aspects like inflation, making them a viable store of value over time.

Cryptocurrencies are more than just digital currencies; they represent the reinterpretation of economic systems, one that underscores privacy, autonomy, and inclusivity. Understanding this, one recognizes the historical importance of cryptocurrencies and the remarkable features they incorporate. In this ever-developing landscape of crypto-assets like BGB, the only certainty is continued evolution, innovation, and growth.

Unmasking the intricacies of cryptocurrencies provides a glimpse into the promising horizon of decentralization and digital finance. This knowledge empowers individuals, enabling them to partake in and benefit from the cryptocurrency revolution consciously.

OIL Token to USD conversion rate trend

The price of OIL Token has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of OIL Token: What is OIL Token and how does OIL Token work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
26/04/2025 03:01 today
0.5 BTC
$47,031.1
1 BTC
$94,062.2
5 BTC
$470,310.98
10 BTC
$940,621.95
50 BTC
$4,703,109.75
100 BTC
$9,406,219.5
500 BTC
$47,031,097.5
1000 BTC
$94,062,195

USD to BTC

Amount26/04/2025 03:01 today
0.5USD0.{5}5316  BTC
1USD0.{4}1063  BTC
5USD0.{4}5316  BTC
10USD0.0001063  BTC
50USD0.0005316  BTC
100USD0.001063  BTC
500USD0.005316  BTC
1000USD0.01063  BTC

Ethereum conversion tables

ETH to USD

Amount
26/04/2025 03:01 today
0.5 ETH
$894.58
1 ETH
$1,789.15
5 ETH
$8,945.76
10 ETH
$17,891.53
50 ETH
$89,457.64
100 ETH
$178,915.27
500 ETH
$894,576.35
1000 ETH
$1,789,152.7

USD to ETH

Amount26/04/2025 03:01 today
0.5USD0.0002795  ETH
1USD0.0005589  ETH
5USD0.002795  ETH
10USD0.005589  ETH
50USD0.02795  ETH
100USD0.05589  ETH
500USD0.2795  ETH
1000USD0.5589  ETH
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.