WTIC Terms and Conditions

Last updated: September 15, 2026

What Is WTIC

WTIC is a blockchain token — a “spot” real world asset (RWA) token — that represents barrels of crude oil (West Texas Intermediate, to be exact).

Tokens are fully backed 1:1 by barrels of WTI. An independent, licensed custodian keeps custody of Energy Receipts that in turn represent barrels of physical WTI that is continuously accounted for and confirmed by independent auditors. Tokenholders as a group have a beneficial interest in the WTI crude oil in custody — each token is a small proportional interest in the total custodial pool.

WTIC is issued as an ERC-20 token on the Ethereum blockchain by Energy Substantiation group.

Token minting and burning (redeeming for cash or oil)

• New tokens are minted and existing tokens can be burned once each day the US futures markets are open (“T” day). Mint and burn transactions take place at the same gross Reference Price.
• Mint and redemption orders must be submitted by 2:00pm ET. For minting, good funds must be deposited before that time; for burning, tokens must be deposited before that time. A 0.10% fee applies to minting and a 0.25% fee to redemption; the redemption fee doubles in the two business days before a futures contract expires (“rolls”).
• Minting settles by T+1. Cash redemption is expected to settle by T+4. Qualified holders may request redemption in physical oil (special conditions apply).
• Minting and redemption requires identity verification (KYC/AML) and sanctions screening, and is unavailable to prohibited persons and persons in prohibited jurisdictions.

24/7/365 trading onchain

• WTIC is designed to trade continuously on secondary markets (for example, decentralized exchanges) on the blockchain.
• The Company does not operate or guarantee any secondary trading venue.
• Tokens are freely transferable on secondary markets, subject to applicable law and the administrative controls described below.

Limitations on Token Holder Rights and Benefits

• WTIC pays no dividends, interest, or yield, and carries no equity, ownership, voting, or governance rights in the Company.
• The Company may pause, blacklist, or suspend token functions for compliance, security, or fraud-prevention purposes.
• Holders do not have the right to a specific barrel of oil or to the Company’s assets.
• Holders have limited rights against the Company’s officers, directors, and shareholders.