Venezuelan government launches pre-sale of the world’s first Petro (PTR) oil cryptocurrency The Financial Times Tuesday, 20. February

82.4 million Petro’s are already available for purchase for top fiduciary and cryptocurrencies, but not for Venezuelan Bolivar.

The Government intends to attract foreign investors from countries like Poland, According to the Venezuelan Minister of Foreign Trade and International Investment, José Vielma Mora, Denmark and Norway have also bypassed US and European sanctions.

Previously, President Nicolas Maduro had ordered the issuance of 100 million Petros from a single barrel of oil each. The president hopes to raise just over $ 6 billion through the sale of PTR.

To buy and trade Petro, investors must download a Petro digital wallet, developed by the Venezuelan government. Once acquired, it will generate an address that you can provide to anyone who wants to transfer the PTR.

The catastrophic fall in the value of Bolivar prompted the country’s government to seek other ways to save the economy from a collapse. . In the last 12 months, inflation in Venezuela has reached 4,115% and Bolivar has lost up to 96% of its value, which has plunged the country’s economy into a downward spiral .

What do you think? Will Venezuela be able to outperform the entire 2017 ICO market by getting $ 6 billion from the sale of Petro?

Ana Heide