Sacred cryptocurrency, everyone speaks about it, many invest and expect new wealth. But according to some sources, reliable for me, it is not great not to head headlong into this currency that also comes out of nothing, from which we do not really know the issuers and which can lose foot very quickly. Especially IF countries such as Venezuela or soon Russia and certainly others that will follow, will prohibit for example Bitcoin at theirs. Here is an announcement of Laurent Freeman, via Francisco Memoria, The Event Chronicle, with the invitation to make our own opinion.
By Francisco Memoria
The Venezuelan government has officially launched the pre-sale of its Petro (PTR) cryptocurrency. The Petro, as previously covered, is an Ethereum-based ERC-20 tokenthat’s supposedly pegged to the country’s notable oil reserves. The cryptocurrency’s token, expected to be worth about $60, will be divisible into 100 million parts, with the smallest one being the “mene.”
According to Latin American news source Telesur, a total of 82.4 million Petros will initially be available, out of the 100 million President Nicolás Maduro ordered. The token, announced late last year as a way to circumvent US sanctions, is set to be accepted as a payment method by the Venezuelan government and can be purchased with hard currencies and other cryptocurrencies.
In an announcement, Maduro was quoted as saying:
“Petro is born and we are going to have a total success for the welfare of Venezuela. … The largest and most important companies and blockchain in the world are with Venezuela, we are going to sign agreements.”
While hard currencies like the US dollar will be accepted, Venezuela’s fiat currency, the bolivar, won’t. Carlos Vargas, the government’s cryptocurrency superintendent, bullishly appointed by Nicolás Maduro to “govern” it and its transactions, previously stated that the government’s responsibility it to “put (the petro) in the best hands and then a secondary market will appear.”
Per Telesur, a manual on how to purchase the cryptocurrency will now be available in several different languages. The token pre-sale was launched by Venezuelan vice-president Tareck El Aissami.