WHAT IS BILUR
bilur is an eCommodity, based on a consensus peer-to-peer network that enables a new money system and completely decentralized. Bilur, by definition, will 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