Venezuela’s ‘Petro’ Token Launches in Pre-Sale – CoinDesk

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President Nicolas Maduro launchd his brand new cryptocurrency off the back of the bitcoin craze, hoping to restore some stability to his country.

Launching the token’s pre-sale on Tuesday, el Petro finally came into fruition after being first announced back in 2017.

The token is now backed by Venezuela’s only commodity which still functions on the international arena – barrels of oil.

President Maduro said during the token’s launch announcement: “Petro is born and we are going to have a total success for the welfare of Venezuela.

President Nicolas Maduro launchd his brand new cryptocurrency off the back of the bitcoin craze, hoping to restore some stability to his country.

Launching the token’s pre-sale on Tuesday, el Petro finally came into fruition after being first announced back in 2017.

The token is now backed by Venezuela’s only commodity which still functions on the international arena – barrels of oil.

President Maduro said during the token’s launch announcement: “Petro is born and we are going to have a total success for the welfare of Venezuela.

Home » Cryptocurrency » Petro » How & Where to Buy Venezuelan Petro Cryptocurrency (PTR) And More Facts To Know

Petro (PTR) is the latest coin to join the cryptocurrency bandwagon. It’s the world’s first sovereign cryptocurrency as it will be produced and controlled by the Venezuelan government.

Though it was announced in December 2017, it was officially launched on February 20, 2018. “Petro is born and we are going to have a total success for the welfare of Venezuela,” said Venezuelan President Nicolás Maduro at the launch. (Source: “What is Venezuela’s new petro cryptocurrency?,” Al Jazeera, February 20, 2018.)

According to President Maduro, Petro is intended to supplement the Venezuelan bolívar fuerte (VEF) currency.

Currently, Venezuela is reeling under U.S.

government-led sanctions that make moving money through international banks difficult.

Home » Cryptocurrency » Petro » How & Where to Buy Venezuelan Petro Cryptocurrency (PTR) And More Facts To Know

Petro (PTR) is the latest coin to join the cryptocurrency bandwagon. It’s the world’s first sovereign cryptocurrency as it will be produced and controlled by the Venezuelan government.

Though it was announced in December 2017, it was officially launched on February 20, 2018. “Petro is born and we are going to have a total success for the welfare of Venezuela,” said Venezuelan President Nicolás Maduro at the launch. (Source: “What is Venezuela’s new petro cryptocurrency?,” Al Jazeera, February 20, 2018.)

According to President Maduro, Petro is intended to supplement the Venezuelan bolívar fuerte (VEF) currency.

Currently, Venezuela is reeling under U.S.

government-led sanctions that make moving money through international banks difficult.

Venezuela’s bolivar is on the brink of collapse but its president has a cunning plan to claw back cash: create a virtual currency and sell it on the internet.

President Nicolas Maduro hopes el petro, which goes on sale Tuesday, will provide respite for a nation descending further into economic chaos by the day.

Venezuela’s bolivar is on the brink of collapse but its president has a cunning plan to claw back cash: create a virtual currency and sell it on the internet.

President Nicolas Maduro hopes el petro, which goes on sale Tuesday, will provide respite for a nation descending further into economic chaos by the day.

I would be happy buy alittle into the Petro coin to see where it goes.

But the United States seems to always go to war with countries who threaten the petro dollar.

https://www.coindesk.com/venezuelan-president-announces-petro-oil-backed-cryptocurrency/

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

Hi, I’m a lawyer from Venezuela I would like to share with you my legal advice about the petro
https://steemit.com/cryptocurrency/@rguia/a-legal-advice-about-petro-the-venezuelan-cryptocurrency

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

Downvoting a post can decrease pending rewards and make it less visible.

I would be happy buy alittle into the Petro coin to see where it goes.

But the United States seems to always go to war with countries who threaten the petro dollar.

https://www.coindesk.com/venezuelan-president-announces-petro-oil-backed-cryptocurrency/

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

Hi, I’m a lawyer from Venezuela I would like to share with you my legal advice about the petro
https://steemit.com/cryptocurrency/@rguia/a-legal-advice-about-petro-the-venezuelan-cryptocurrency

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

Downvoting a post can decrease pending rewards and make it less visible.

Petro will be a sovereign crypto asset backed by oil assets and issued by the Venezuelan State as a spearhead for the development of an independent, transparent and open digital economy open to direct participation of citizens. It will also serve as a platform for the growth of a fairer financial system that contributes to development, autonomy and trade between emerging economies.

A quick announcement. We have just started a new cryptogame on a referral basis “Clash of Clans” …

Let us introduce ourselves.

We are an integrated distributed ledgers platform.

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Buying cryptocurrency is one of the high-yield strategies.

Petro will be a sovereign crypto asset backed by oil assets and issued by the Venezuelan State as a spearhead for the development of an independent, transparent and open digital economy open to direct participation of citizens. It will also serve as a platform for the growth of a fairer financial system that contributes to development, autonomy and trade between emerging economies.

A quick announcement. We have just started a new cryptogame on a referral basis “Clash of Clans” …

Let us introduce ourselves.

We are an integrated distributed ledgers platform.

Technically speaking,…

Buying cryptocurrency is one of the high-yield strategies.

In a new twist to the cryptocurrency craze, Venezuela, the South American oil giant in default on some of its dollar bonds, plans to issue its own digital unit, dubbed the petro.

“It is a matter of days before we announce the first issuance of the ‘petro’ cryptocurrency,” Information Minister Jorge Rodriguez said at a press conference broadcast on state TV Thursday. The petro will help Venezuela, which has faced increasing diplomatic isolation over President Nicolas Maduro’s crackdown on domestic political opposition, avoid attacks from the international financial system, according to Rodriguez.

The petro will be different from bitcoin and other cryptocurrencies because it will be backed by hard assets, Rodriguez said.

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The Venezuelan government has officially launched the pre-sale of its controversial “petro” token, according to a report.

The petro was first announced in early December 2017 by President Nicolas Maduro as a way to circumvent U.S. sanctions, amid an economic crisis and a plunge in the value of the bolivar.

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy

The Venezuelan government has officially launched the pre-sale of its controversial “petro” token, according to a report.

The petro was first announced in early December 2017 by President Nicolas Maduro as a way to circumvent U.S. sanctions, amid an economic crisis and a plunge in the value of the bolivar.

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