PETRO (PTR) The crypto-asset of the Bolivarian Republic of Venezuela

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: Kmdr on March 20, 2018, 12:18:40 AM

From what I understand:
a) the coin is not fully developed yet
b) it will eventually be based on the NEM blockchain

So, I am not sure how it could be available as an ERC-20 token on Etherdelta?
I suspect both this, and the Telegram ICO, will both see more than their fair share of scam attempts.

This PETRO token on EtherDelta is a scam and not the official cryptocurrency of Venezuela: https://etherdelta.com/#0x1ec10eab27b76968cd8b854914cc6eb9f886ce27-ETH
The original coin has symbol PTR and it has it's own wallet, so it's not ERC20 token.

orinocodf

jr. member

Activity: 101

Merit: 1

Quote from: kaloo313 on March 02, 2018, 05:56:11 PM

They do it for profit so i wouldn't invest in it.

They do it for resolving their problems. And you can`t invest in it if you are not citizen of Venezuela

Tipstar

sr. member

Activity: 1890

Merit: 300

Free City Individual

The coin has already concluded it's pre-sale and the issuer claims to have raised over $5 billion on the presale.
The coin is based on NEM platform while initially it was planned to be an ERC token as the ETH congestion is not easing.

Kmdr

jr. member

Activity: 103

Merit: 3

From what I understand:
a) the coin is not fully developed yet
b) it will eventually be based on the NEM blockchain

So, I am not sure how it could be available as an ERC-20 token on Etherdelta?
I suspect both this, and the Telegram ICO, will both see more than their fair share of scam attempts.

kaloo313

newbie

Activity: 33

Merit: 0

They do it for profit so i wouldn't invest in it.

KimJungUn

newbie

Activity: 76

Merit: 0

Quote from: TheAlchemist on March 02, 2018, 05:48:49 PM

In fact, no matter if it's a bad idea or a good one, it can become a revolution in the crypto world. Nobody has done this before. And this is definitely a positive trend. However, what if this cryptocurrency will be hacked? Will the country disappear? Will it be bankrupt? What will happen? I do not yet know how this project will develop.

Please don't say that it can become a revolution in the crypto world. It will not be. This is a fucking scam and is ruining the crypto world, the whole concept is bullshit. No wonder the country is falling apart, they have scammers running it.

TheAlchemist

full member

Activity: 265

Merit: 100

In fact, no matter if it's a bad idea or a good one, it can become a revolution in the crypto world. Nobody has done this before. And this is definitely a positive trend. However, what if this cryptocurrency will be hacked? Will the country disappear? Will it be bankrupt? What will happen? I do not yet know how this project will develop.

Robin_Good

member

Activity: 140

Merit: 10

The fact of the birth of cryptocurrency in Venezuela is very interesting. Actually I can't help wondering that it really happened but I am afraid that Petro will be used by Maduro's government like an instrument of corruption.

sirsplashalot

full member

Activity: 520

Merit: 123

Quote from: gregorioVnzla on February 27, 2018, 05:12:47 PM

It is incredible how many people speak badly of this currency, without knowing that it has been the first step to take us towards the future. Do not see it as a currency of the Government of Maduro! see it as a currency of a nation! and that has made cryptocurrencies more accepted worldwide.

Do not be so pessimistic and negative! Angry

I invite you to invest in the future this is your link: https://etherdelta.com/#0x1ec10eab27b76968cd8b854914cc6eb9f886ce27-ETH

Umm? you can trade Petro on EtherDelta?

gregorioVnzla

newbie

Activity: 12

Merit: 0

It is incredible how many people speak badly of this currency, without knowing that it has been the first step to take us towards the future. Do not see it as a currency of the Government of Maduro! see it as a currency of a nation! and that has made cryptocurrencies more accepted worldwide.

Do not be so pessimistic and negative! Angry

I invite you to invest in the future this is your link: https://etherdelta.com/#0x1ec10eab27b76968cd8b854914cc6eb9f886ce27-ETH

ThePunisher49X

member

Activity: 340

Merit: 15

Quote from: breeze170 on February 24, 2018, 01:10:29 PM

This coin is probably the most risky coin ever released as we don't know how they are going to spend all money invested. We don't know its it is legally backed or not. America hates Venezuela government etc..

I agree with you there man.
And I thought Putin coin when showing up here was bad this is far more worst. Undecided

If your buying this coin are directly funding a government that enjoys destroying it's people by opressing them.
Atleast Putin in Russia does not hide this and infact flaunts it openly to their puppet president in office Trump.

faruk34

full member

Activity: 336

Merit: 107

ETH: 0x1C829E7A1b5cA44cc381863e10448504e07f78e9

Venezuela is an example to other states in this regard. other states will take their coins to the market in turn

SGToken

full member

Activity: 462

Merit: 100

I may even have more trust on Tether than Petro, though I won't buy either.

sotoshihero

hero member

Activity: 850

Merit: 504

I am also monitoring this cryptocurrency as it was back up by Venezuelan government. If this succeed, many government will follow. Many government are also mo monitoring this ICO in my opinion, and in a short period of time we will be seeing that several government will be using this platform in raising funds. I think Turkey issued that they will have their own ICO together with IRAN and others.

You can read here:

After Venezuela’s Petro Success, Turkey Pitches its Own Crypto

https://www.icoexaminer.com/ico-news/venezuelas-petro-success-turkey-pitches-crypto/

sirsplashalot

full member

Activity: 520

Merit: 123

A true socialist country would distribute the coin amongst all the citizens equally and allow for foreign investors to purchase this coin and drive up the value. This is most certainly not the case.

Thefrolly

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Activity: 672

Merit: 250

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I will strongly advise anyone from investing in this coin as you will be directly supporting the current government of Venezuela. Not to mention that you might be breaking the laws of your country as Venezuela is facing sanctions from many countries.

waorana

full member

Activity: 630

Merit: 100

It is a nice initiative by the Government of Bolivia. I hope that Petro is successful, it would be important to bring more people closer to the world of cryptocurrencies and give more credibility to the whole industry

cicciogas

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Activity: 56

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CryptoCashbackRebate-Rewarding Cryptos

I will look forward to this project, but i don't think its really that good as you may think. It's probably an act to take some money for his Country to avoid default. We all know their economic background. Hope i'm wrong, i wish you success.

emmmmm

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Activity: 210

Merit: 10

The Experience Layer of the Decentralized Internet

I think the risk of investing in PETRO is very high, because the country is facing sanctions from the United States, and I think it's pretty dangerous to issue this token just to avoid U.S. sanctions.

Tretyakovsky

jr. member

Activity: 224

Merit: 1

no interested for buy. based on oil price + controlled directly by the government

Topic: PETRO (PTR) The crypto-asset of the Bolivarian Republic of Venezuela (Read 651 times)