I am personally optimistic about a Venezuelan petro coin, instead of token. The Venezuelan government sees the future of crypto, as do other countries. But, most other countries defend their central banks instead.

The offering is new, and as with ALL new cryptocurrencies, there is a risk.

And, I disagree with the sanctions against Venezuela, as there are MANY, MANY corrupt governments in the world, and the U.S. does not impose sanctions on them.

I wish the Venezuelan government well in its new venture into cryptocurrency and the petro. Their willingness to try it shows they want to improve their economy, and raise their country to be on par with other major economies. With all that oil to bargain with, I'm certain they'll make a deal with some techies, economists, and other professionals who will put them on the track to success.