One of the countries interested in Petro is to be Poland


Petro cryptocurrency state supported by crude oil to be released both in pre-sale and the first monetary offer ( AND WHAT ), was first announced by the Venezuelan President Nicolas Maduro in December 2017. The idea for Petro itself came from Hugo Chavez which provided for a “strong currency backed by resources”.

Mora said the Brazilian businessmen are ready to invest $ 300 million in Venezuela, starting with a $ 100 million investment.

The minister also mentioned Poland, Denmark, Honduras, Norway and Vietnam as foreign countries that would be ready to receive Petro in exchange for food and medicines, for a total amount of USD 435 million. According to Mory, Canada also expressed interest in investing in Venezuela.

Petro is a token ERC20 that was pre-mined on Blockchain Ethereum and every Petro is supported by one barrel of oil. Maduro ordered 100 million Petro to be issued on January 14 as part of pre-sale preparations.

Creation Petro has been skeptical about critics and members of the Venezuelan opposition parliament who consider Petro to be a fraudulent currency that can help Maduro avoid sanctions.

The Petro advance sale will take place from February 20 to March 19, and 38.4 million tokens will be available. Pre-sale Tokens “may be exchanged for Petro at any time between the release date and the closing of the initial offer.”

AND WHAT will take place the day after the pre-sale, March 20 with available 44 million Petro worth $ 60-price of a barrel of oil in Venezuela in the second week of January 2018. The price is subject to market fluctuations.