- What is bilur?
- What is the minimum investment?
- Who operates bilur?
- What technology does bilur use?
- What are the differences with cryptocurrencies?
- Is the bilur secure?
- How is the value of bilur determined?
- How is bilur created?
- Have oil barrels already been purchased to issue bilur?
- Who is bilur for?
- Why is bilur a shelter in times of crisis?
- How to buy?
- Can you buy it in dollars?
- Can you buy it in euros?
- Can you trade bilur from any country?
- How can I follow the performance of my investment?
- How do I sell it?
- Can you transfer / send from one account to another?
- What is the transfer fee?
- What is the purchase commission?
- What is the sales commission?
- What is the custody commission?
- What is an agent?
- If the minimun investment is 100 USD and 1 bilur is worth more than 300 USD, can I buy a fraction of 1 bilur?
- I didn't receive my email verification code, what can I do?
- I didn't receive my mobile phone verification code, what can I do?
- What would happen to my bilurs in the event of Recol Atlas ATS going into bankruptcy?
- What happens to the money I send to Recol Atlas ATS?
Q. What is bilur?
Bilur is an eCommodity, based on a consensus peer-to-peer network that enables a new and completely decentralized money system. It is the first eCommodity that allows you to protect your investment with physical energy. The value is backed up by stored physical energy.
Q. What is the minimum investment?
The minimum amount of bilur that can be purchased is USD 100. There are no limits regarding the maximum amount.
Q. Who operates bilur?
The bilur is operated, managed and supported by Recol Atlas ATS SL. A company 100% owned by RFintech PLC. The company Recol Atlas ATS has developed bilur's platform and is responsible for its operation, maintenance and future developments.
Recol Atlas ATS is an active practitioner and member of different developer communities around blockchain technologies. Recol Atlas has been involved in the development of other platforms related to the blockchain world as dltmarket.com and rbex.eu as well as being responsible for the installation of the first bitcoin ATM in EUROPE.
Q. What technology does bilur use?
The bilur is based on blockchain technology on a private ethereum network where only members associated with bilur participate.
Q. What are the differences with cryptocurrencies?
The bilur has the advantages provided by the new technologies based on blockchain, DLT, and the support and understanding of the traditional financial world as the bilur is backed by stored energy, a commodity. The bilur, compared to cryptocurrencies, has a real, tangible value recognized by the entire financial community that gives credibility. The bilur has no transaction costs like cryptocurrencies. The bilur as a financial tool is tremendously more efficient than any other asset. It is bought, transferred and sold in an agile way without any kind of commissions. The bilur is the future!
Q. Is the bilur secure?
The bilur is based on blockchain technology on a private ethereum network where only members associated with bilur participate. All bilur accounts are managed and monitored by this network. All users of the platform are identified and authorized to operate bilur. The bilur outside this private network, has no value. Therefore, it loses the sense of trying to "steal" the bilur.
Q. How is the value of bilur determined?
This value is variable and calculated daily, (21:30 CET), with Standard & Poor's Platts Dated Brent assessment. 1 bilur = 1 Ton Oil Equivalent (TOE) = 11.6 MWh of energy. 1 TOE Brent crude = 6,481 barrels x Dated Brent price.
Q. How is bilur created?
Bilurs are issued once the corresponding volume of energy commodities has been secured. Since bilur’s value is backed up by stored physical energy, the issuance of bilur occurs after R FinTech has entered an agreement with an oil operator, buying whatever amount of oil barrels is needed to support the ‘new’ bilurs.
Q. Have oil barrels already been purchased to issue bilur?
Yes, for the initial bilur issuance, 1 million barrels have been purchased, which entitled the issuance of 53 million USD worth of bilur (154,297 bilurs). The energy reserves are closely monitored and will be expanded when the need arises.
Q. Who is bilur for?
Bilur is a simple and effective way for the small and medium investor to access the energy market directly and diversify his/her portfolio.
Q. Why is bilur a shelter in times of crisis?
By backing up its value on energy commodities, bilur is a powerful tool for people looking to protect their savings from fiat currency depreciation. It can also be used as a means of exchange since bilur transfers are free and unlimited. Bilur offers an alternative to users who are distrusting of virtual currencies fluctuations.
Q. How to buy?
1.- Having an active and approved account in the platform, first register Bilur purchase order determining the amount of US Dollars to be converted to Bilur.
2.- Make a bank transfer for the amount previously selected indicating as a reference the unique identification code that is provided, along with the bank details, in the email registered on the platform.
3.- Once verified the entry of this amount in RATLASATS accounts and at the time of closing of Bilur market in any given business day, RATLASATS will proceed to deliver in your Bilur account the corresponding amount of Bilur using as reference date Brent Price Assessment published by PLATTS. The number of Bilur credited to your account shall match the exact net amount of US Dollars received by RATLASATS in their account as a consequence of your wiring and therefore any and all bank commissions eventually applicable to the aforementioned bank transfer shall be on your side.
Q. Can you buy it in dollars?
Yes, you can buy in USD.
Q. Can you buy it in euros?
Yes, you can buy in EUR. You can transfer EUR to our USD account and our bank will handle the conversion.
Q. Can you trade bilur from any country?
Bilur can be traded from anywhere in the world without the need of adapting it to local legislation. Trading bilur is simple and can be done from anywhere at any time.
Q. How can I follow the performance of my investment?
The bilurmarket platform provides information to the users that allows them to easily follow the performance of their investment.
Q. How do I sell it?
Q. Can you transfer / send from one account to another?
Q. What is the transfer fee?
Q. What is the purchase commission?
Q. What is the sales commission?
Q. What is the custody commission?
Q. What is an agent?
Q. If the minimun investment is 100 USD and 1 bilur is worth more than 300 USD, can I buy a fraction of 1 bilur?
Q. I didn't receive my email verification code, what can I do?
Q. I didn't receive my mobile phone verification code, what can I do?
If your mobile phone number is incorrect click on the "update personal information" link and update it.