Petro — National Cryptoproject
On Monday, October 2, the President of Venezuela announced that the country is launching the national crypto project “Petro”.
Preliminary sales of cryptocurrency “petro” are estimated at 735 million dollars.
“Today (Monday) a new stage is starting, we are launching a national Venezuelan blockchain, which will have its center in Venezuela and develop by national professionals and scientists, the whole development plan of petro will be based on this for 10 years,”- says Nicolas Maduro.
According to him, all the mechanisms have already been launched that will allow any Venezuelan citizen to participate in the petro program.
“And from November 5,” Petro “will be sold for sovereign bolivars,” said Maduro.
He also said that the other day attacks from the United States, France and Colombia against the crypto project Peter were repelled. The attacks were directed to prevent the exit of the cryptocurrency.
Maduro also showed live on his smartphone an electronic wallet connected to Petro and called on all interested people to participate in this project. According to him, six well-known cryptocurrency campaigns will help in the development. “petro”
The Venezuelan cryptocurrency itself was released on February 20, this is the first crypto project provided with oil. Thus, Venezuela is the first country with its own, national cryptocurrency, which is supported by oil reserves.
Also, the president of Venezuela determined the price of 1 Petro at 60 dollars (Price of 1 barrel of Venezuelan oil).
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