Woofun AI reports that Energy Substantiation has launched the WTIC token, which is backed by physical West Texas Intermediate crude oil rather than derivatives. The token allows for 24/7 trading, with an initial on-chain value of approximately $80,000.

The token is scheduled to list on LMAX, bringing an additional $1 million in liquidity. Energy Substantiation is collaborating with over a dozen commodity firms and oil suppliers, while engaging in discussions with other exchanges and market makers.