Banking & Payments
Petro is a sovereign crypto asset backed and issued by the Venezuelan State.
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.
|Pre-sale start date||20 Feb 2018|
|Pre-sale end date||19 Mar 2018|
|Pre-sale token supply||38,400,000|
|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)|
|Additional Token Emission||No|
Type of ratings
US Treasury Sanctions One of Russia’s Biggest Commercial Banks Over Backing of Venezuela’s Cryptocurrency, Petro13 Mar 2019
The Block Crypto
Venezuela’s Petro: Fresh trouble surfaces as report suggests ‘conclusive evidence’ of money laundering26 Feb 2019
Bitcoin Exchange Guide
Ethereum World News
Rating Review and Analytics
$735,000,000 Of $5,000,000,000 (15%)
|Start ICO||20 Mar 2018|
|End ICO||20 Apr 2018|
|Price||1 PTR = 60 USD|
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