{"id":"chinese-oil-asset-reserve","title":"Chinese Oil Asset Reserve","content":"**Chinese Oil Asset Reserve (COAR)** is a [Solana](https://iq.wiki/wiki/solana)-based cryptoasset and project that markets itself as an “oil reserve protocol” offering thematic exposure to crude oil through an on-chain token. The project issues the COAR token on [Solana](https://iq.wiki/wiki/solana) and emphasizes a fair-launch, community‑owned approach, while also stating in its own materials that COAR is a speculative digital asset not backed by physical oil reserves or any government entity. [\\[1\\]](#cite-id-m5gYEpBltxbPcx3j) [\\[2\\]](#cite-id-sK771R6e5HlxsQHH)​\n\nThe token is issued on [Solana](https://iq.wiki/wiki/solana) using the Token‑2022 standard. Public materials and third‑party summaries attribute a 1 billion total supply and provide a published mint (contract) address for on‑chain verification. The project further claims that mint authority and freeze controls have been disabled, positioning COAR as a fixed‑supply token, though users are advised to verify these controls on-chain. [\\[3\\]](#cite-id-gB5Ulij5UB31oNua) [\\[2\\]](#cite-id-sK771R6e5HlxsQHH)​\n\n## Technology\n\nCOAR operates on the [Solana](https://iq.wiki/wiki/solana) [blockchain](https://iq.wiki/wiki/blockchain) and is presented as a Token‑2022 standard asset. The published mint (contract) address for COAR is reported as CoARSp4P9Yr7MEnKMZE7chyAkK3mNbPFyArdQeMm9a1G, with a total token supply of 1,000,000,000 (1 billion) units. Third‑party write‑ups referencing on‑chain tools indicate the mint and freeze authorities are disabled or revoked, a configuration that, if confirmed, would prevent further token issuance or freezing.[ \\[3\\]](#cite-id-gB5Ulij5UB31oNua) [\\[2\\]](#cite-id-sK771R6e5HlxsQHH)​\n\n## Tokenomics\n\nProject pages and independent summaries describe a token design that combines fixed supply and transaction‑level deflationary mechanics with staking and governance features. The site presents a distribution model in which liquidity, community incentives, team, strategic reserves, and marketing receive specified percentages that sum to 100%. In the same materials, a claimed 2% burn applies to each transaction, 30% of protocol revenue from transaction fees is allocated to stakers, and staking is advertised with an APY around 12%, with higher yields for longer lockups. The governance model is described as one token equaling one vote. These mechanics are project‑stated; users typically verify them by reviewing program code and on‑chain events once contracts are deployed. [\\[2\\]](#cite-id-sK771R6e5HlxsQHH) [\\[4\\]](#cite-id-bnW5nhsbr5wmnXoN)​\n\nThe site’s allocation breakdown lists the following categories and percentages, with a 24‑month lock indicated for the team share: 40% to liquidity, 25% to community and airdrops, 15% to the team, 10% to strategic reserves, and 10% to marketing and growth. The same page presents governance, staking, and burn mechanics as central protocol features governing emissions, participation, and supply changes through transactional burns. [\\[2\\]](#cite-id-sK771R6e5HlxsQHH)​\n\nCOAR’s governance is described as token‑weighted, with one COAR equating to one vote, and a longer‑term intention to activate a governance module and transition toward a DAO‑like structure. The published roadmap groups governance activation with other Phase II items, reflecting a plan (rather than a completed deliverable) at the time of reporting. [\\[2\\]](#cite-id-sK771R6e5HlxsQHH) [\\[5\\]](#cite-id-bwjswFWT3Udvztm8)​\n\n## Roadmap\n\nThe project organizes development into three named phases—Extraction (Phase I), Pipeline (Phase II), and Dominance (Phase III)—which collectively summarize launch, growth, governance, and aspirational features. The roadmap, as presented, is a plan without dated milestones in the cited materials:\n\n* Phase I (“Extraction”) is described as active, including token launch on [Solana](https://iq.wiki/wiki/solana) (Token‑2022), deployment of a liquidity pool, community growth, initial holder milestones, and listings on major data aggregators. [\\[5\\]](#cite-id-bwjswFWT3Udvztm8)\n* Phase II (“Pipeline”) is presented as pending and includes staking protocol launch (12% APY), a revenue‑sharing mechanism, activation of a governance module, mid‑tier centralized exchange listings, and larger holder milestones. [\\[5\\]](#cite-id-bwjswFWT3Udvztm8)\n* Phase III (“Dominance”) is described as classified or aspirational, listing Tier‑1 exchange listings, a “real‑world oil reserve verification oracle,” cross‑chain bridging, institutional partnerships, and a full DAO transition. [\\[5\\]](#cite-id-bwjswFWT3Udvztm8)","summary":"Chinese Oil Asset Reserve (COAR) is a Solana-based token branded as an oil reserve protocol. ","images":[{"id":"QmZT3ivcbc7W3Dchm3uF83DCsrtHEKzyRRGJ8TtqbwWbRt","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"Token"},{"id":"Solana"}],"media":[{"id":"QmQ4xiwex373RgsmXht6TJdL8dSm9Koo6jbyGwYkS8ifY1","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"m5gYEpBltxbPcx3j\",\n    \"url\": \"https://www.weex.com/wiki/article/coar-coin-what-chinese-oil-asset-reserve-really-is-ttt0f59xy4cmnb6817q39b1u\",\n    \"description\": \"WEEX explainer on COAR\",\n    \"timestamp\": 1778843616990\n  },\n  {\n    \"id\": \"sK771R6e5HlxsQHH\",\n    \"url\": \"https://www.coargov.com/#tokenomics\",\n    \"description\": \"COAR tokenomics page\",\n    \"timestamp\": 1778843616990\n  },\n  {\n    \"id\": \"gB5Ulij5UB31oNua\",\n    \"url\": \"https://www.weex.com/wiki/article/what-is-chinese-oil-asset-reserve-coar-token-coar-and-coar-stock-relationship-explained-vjvch3taui8z89bkbqbnjx96\",\n    \"description\": \"WEEX on token details and disclaimers\",\n    \"timestamp\": 1778843616990\n  },\n  {\n    \"id\": \"bnW5nhsbr5wmnXoN\",\n    \"url\": \"https://bitget.com/price/chinese-oil-asset-reserve?\\\\_\\\\_cf\\\\_chl\\\\_tk=12UuaiGIC4NZmfj4Fnmac5u40TiPik6J18CSEiACJCU-1778843123-1.0.1.1-mmT0FKANEJXPWjK00f2NIPxa1uJhO0tu1Dw4sWbNzvE\",\n    \"description\": \"Bitget COAR page\",\n    \"timestamp\": 1778843616990\n  },\n  {\n    \"id\": \"bwjswFWT3Udvztm8\",\n    \"url\": \"https://www.coargov.com/#roadmap\",\n    \"description\": \"COAR roadmap page\",\n    \"timestamp\": 1778843616990\n  },\n  {\n    \"id\": \"jQ3R5aO8PcVFtLrf\",\n    \"url\": \"https://geckoterminal.com/fr/solana/pools/FfUMD7YKNLb49B9SPye53ZZS9c8hw2pW7heEDDtViD8E?\\\\_\\\\_cf\\\\_chl\\\\_tk=XjTqcYE7WnzpKeqZgqOfPC\\\\_0pBUbzzMEfYuywgpyIEc-1778843282-1.0.1.1-YCL4zWHUwfLs.L4JgXMA0bL9fFf7X9Aq\\\\_Y7AfUiE3GU\",\n    \"description\": \"GeckoTerminal Solana pool link\",\n    \"timestamp\": 1778843616990\n  }\n]"},{"id":"website","value":"https://www.coargov.com/"},{"id":"twitter_profile","value":"https://x.com/COARONSOL"},{"id":"contract_url","value":"https://solscan.io/token/CoARSp4P9Yr7MEnKMZE7chyAkK3mNbPFyArdQeMm9a1G"},{"id":"references","value":"https://www.coargov.com/#tokenomics"},{"id":"commit-message","value":"\"Added COAR token overview and cryptoassets category\""}],"events":[{"id":"797f01e2-dbf4-4fb5-9f92-41d0806b03e9","date":"2026-05-01","title":"WEEX explainer on COAR published","type":"DEFAULT","description":"WEEX article explains COAR and distinguishes it from similarly named stock tickers.","link":"https://www.weex.com/wiki/article/what-is-chinese-oil-asset-reserve-coar-token-coar-and-coar-stock-relationship-explained-vjvch3taui8z89bkbqbnjx96","continent":null,"country":null},{"id":"48fa7df4-e3ec-45f6-8ba1-45db8ef40e94","date":"2026-05-01","title":"WEEX article clarifies COAR is not oil-backed","type":"DEFAULT","description":"Independent write-up summarizes COAR’s disclaimer that it is a speculative token without physical oil backing.","link":"https://www.weex.com/wiki/article/coar-coin-what-chinese-oil-asset-reserve-really-is-ttt0f59xy4cmnb6817q39b1u","continent":null,"country":null},{"id":"014ac5ec-02e1-47b1-8db1-f403560ccc65","date":"2026-05-15","title":"Chinese Oil Asset Reserve Founded","type":"CREATED","description":"Chinese Oil Asset Reserve was founded and officially launched."}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["solana"],"founders":["anon"],"speakers":[]}}