Petro (PTR)

Petro (PTR) widget

ICO date: 20.03.2018 - 20.04.2018
Product Type: Cryptocurrency
Industry: 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.

Founded: Venezuela
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
Hype score
Low 1.4 / 5.0
Risk score
Very High


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