Quick Update: Venezuela’s own oil-backed cryptocurrency "Petro" is available for presale today
Here is the quick update on Petro for anybody interested in owning it.
- Currently 82.4 million tokens available
- The main goal is to issue 100 million petros which will be backed by 100 million barrels of oil reserves.
- Petro aims to save the country from wild inflation
- U.S. warns investors over Venezuela's 'petro' cryptocurrency previously
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Quick update is a series written by me (@sumanpuja) to quickly update my followers and Steemit community with most recent news on topic of my expertise. I will come up with the detailed analysis of the topics later if I get good response in the form of comments and upvotes.
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Venezuela President Claims Petro Raises $735 Million on first day of presale
All is well, but the president is not self-initiative in this, and some are announcing that he is scam
Yes, I am also following this news. It's not yet clear what is the motivation behind creating Petro and who are really involved in the creation of Petro. It's also not clear how the price per Petro will be controlled in future. Thank you for brining this point here.