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Petro

Banking & Payments

Overview

Petro is a sovereign crypto asset backed and issued by the Venezuelan State.

Features

Venezuelan oil assets will be used to promote the adoption of crypto assets and technologies based on the country´s block-chain. The State shall promote the use of Petro with the goal of consolidating it as an investment option, savings mechanism and means of exchange with State services, industry, commerce, and citizens.

Petro token (PTR) will have three main uses:

  • As a cryptocurrency PTR may be used to purchase goods or services and will be redeemable for fiat money and other crypto assets or cryptocurrencies through digital exchange houses.
  • As a digital platform it can perform the functions of digital representation of goods and/or raw materials (e-commodity) and the creation of other digital instruments for national and international trade.
  • As a savings and investment facility the token will be available for exchange in electronic exchange houses and will have the necessary characteristics to carry out direct exchanges (Atomic Swaps) in accordance with the Venezuelan legal framework.

Each token will be divisible by 100000000 units. The minimum exhange unit will be called Mene and will be equal to 0.00000001 PTR.

Crowdsale

Pre-sale
Pre-sale start date 20 Feb 2018
Pre-sale end date 19 Mar 2018
Pre-sale token supply 38,400,000
Token Sale
ICO start date 20 Mar 2018
ICO end date 20 Apr 2018
ICO token supply 44,000,000
Hard cap size 5,000,000,000 USD (fiat)
Raised 735,000,000 USD
Legal
ICO Platform NEM
Registration Country Venezuela
Token details
Ticker PTR
Type Cryptocurrency
Additional Token Emission No
Accepted Currencies

EUR

BTC

XEM

ETH

RUB

CNY

TRY

Bonus Program
  • 0-3.4M - 42.9%
  • 3.4M-8.4M - 37.9%
  • 8.4M-13.4M - 33.3%
  • 13.4M-18.4M - 29%
  • 18.4M-23.4M - 25%
  • 23.4M-28.4M - 21.2%
  • 28.4M-33.4M - 17.6%
  • 33.4M-38.4M - 14.3%
  • 38.4M-43.4M - 11.1%
  • 43.4M-48.4M - 8.1%
  • 48.4M-53.4M - 5.3%
  • 53.4M-58.4M - 2.6%
Token distribution
  • 44% - ICO
  • 38.4% - Presale
  • 17.6% - Cryptoasset management office
Funds allocation
  • 55% - Sovereign Fund
  • 15% - Technological Development
  • 15% - Ecosystem Development
  • 15% - Petro Project

Ratings

Type of ratings
Rating
Status
Risk score
Very High
Active

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info Very High
Petro ICO Contacts
More on ICO

Ended

$735,000,000 Of $5,000,000,000 (0.00%)

Start ICO 20 Mar 2018
End ICO 20 Apr 2018
Token PTR
Price 1 PTR = 60 USD
Product Type Cryptocurrency
MVP Only design
KYC No
Registration Country Venezuela
Whitepaper View
Petro (PTR) widget
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