Venezuelan President Claims Petro Pre-Sale Raked in $5 Billion

2018/3/11 0:42:11

The country’s opposition-run congress has said the Petro’s sale is an “illegal and unconstitutional” instrument to mortgage the country’s oil reserves. The country’s National Assembly denounced it as a fraud and claimed it could be a risky investment…To bolster adoption, Maduro has ordered the country’s airlines to accept the Petro and other cryptocurrencies for tickets…Last month, Maduro claimed a Petro Gold – a cryptocurrency backed by precious metals – was going to be launched “next week.”


From CCN, Mar 10, 2018


Venezuelan President Nicolás Maduro claimed the pre-sale of the country’s oil-backed cryptocurrency, the Petro (PTR), has raised $5 billion and recorded over 186,000 certified purchases, according to local news source TeleSUR. The announcement came during a meeting with members of the United Socialist Party of Venezuela (PSUV), in Caracas.


During the meeting, Maduro explained that the money raised from the cryptocurrency’s pre-sale will be used to “service everything our country needs.” Per his words, the money is part of a wider “economic solution” the Venezuelan government put together.


Additionally Carlos Vargas, the country’s cryptocurrency superintendent, revealed that over 83,000 individuals from 127 countries attempted to purchase the oil-backed cryptocurrency. Among them, were 3,523 entrepreneurs. As previously covered by CCN, the country had received 171,000 pre-registrations for the token sale, and Maduro claimed it raised $735 million in only a day.


[…] ... pre-sale-raked-5-billion/


Printer Friendly Page Send this Story to a Friend Create a PDF from the article
Poster Thread