# $BARREL "THE OIL STANDARD"

By [Oil Standard](https://paragraph.com/@oilreserve) · 2024-07-27

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**OIL Paper:**

**_What is Bonding Curve Deflation you ask? Good Question!_**

**Total Supply:** 999,999

**Reserve Supply:** 77,700 (7.77%)

**Circulating Supply:** 922,299

**Deflation Bonding Curve:** Mystery

**Deflation Bonding Curve Duration:** 20min rolling buy-up & burn deflation (dead address) on launch. Sustained deflation reflective of demand.

**Starting Liquidity:** 2 eth V2

**Counter-Snipe:** we sniped so you couldn’t

**Sniped Supply**: liquidity floor support V2

**Contract Address:** 0x6bC0f1F5c65192B055468E29dF846d0BD920e77E

[**X**](https://x.com/OilStandardEth)

[**Telegram**](https://t.me/OilEthx)

**Roadmap:**

**Phase 1:** _OIL, OIL, OIL_

**Phase 2:** _OIL, OIL, OIL_

**Phase 3:** _OIL, OIL, OIL_

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*Originally published on [Oil Standard](https://paragraph.com/@oilreserve/barrel-the-oil-standard)*