I am from Venezuela, i think that It all depends on the Exchange, allow me to explain myself, namely Petro being backed in oil prize is just a measure to raise confidence of investors, with the announcement that Statal oil PDVSA will accept Petros in its transactions, and with the largest reserves of oil, there is no doubt that there will be a lot of money poured in by private oil buyers and National Corporations... Honestly whether this cryptocurrency will help us venezuelans or not dependens on the acces that the population may have to the cryptocurrency, and the ability to pay for goods and services with it. And all of that will depend on the creation of a trustworthy exchange in Venezuela.

One of the must confusing features to the public is the "presale" that took place between february 20th and march 19th...it was a closed door sale process, no one knows the terms on which 38.4 Million of petros were negotiated nor the price scale at which the sale took place. The formal ICO started on march 20th and will last 15 days with a possibility of an extention...

Right now if you want to enter the ICO and buy, the lesser amount accepted is 62$ (50€) worth in ETH, BTC or XEM, and 1233$ (1000€) if you want to pay with a bank transfer.

By the way I just checked and the portal is working, i would like to read opinions from experienced ICO investors ¿What do you think? @leoumesh @truthbeyondlies @johanna66 @tgheretic @herrleb