Topic: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela - page 15. (Read 28500 times)

Petro will not be the official currency.
The value of the official currency (Sovereign Bolivar) will be determined  (pegged to) the variable daily value of Petro.

mmm, i can't find those news.

i would like a direct link where the government of venezuela says that petro will be an official currency..

Hello.
Who can share link to me nem with wallet with petro mosaic? I mean oficial nem blockchain addres, where was Maduro issued petro coins.
And second question, but no less important. Previous time, when i seen that addres (that's why i'm asking, cuz i lost link on it) i was notice 3 different petro coins, namely: ptr, presale.ptr and etc. The second question is, why was this coins splitted up? and if they not, for what this was did?

My immense gratitude for explanation

Investment advice: stay away from this project or lose money. Better look for strong-team ICOs like Unibright - the first unified framework for blockchain based business integration.

news about Venezuela in English:
https://www.telesurtv.net/english
https://venezuelanalysis.com

we are still waiting for that.

well, this is really strange for me.
Do you have a link with an official announcement?

I can't believe that pedro will be a real currency in venezuela...

08-18-18.-The Vice President of Communication, Culture and Tourism, Jorge Rodriguez, informed this Saturday during a press conference at the Miraflores Palace that a total of 300 franchises of exchange offices will be enabled in hotels, airports and centers. commercial of the country.

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Finally, the petro may be traded. Oh no! What is to get the damn dollars

Banca y Negocios @bancaynegocios  Jueves, 16 de Agosto de 2018



The petro will function as a unit of account and the Central Bank of Venezuela (BCV) will publish daily the value of the sovereign bolívar with respect to the petro, starting on August 20, informed President Nicolás Maduro on Monday from Miraflores.

"The sovereign bolivar will be anchored to the petro starting next Monday. The BCV will begin to publish the official figures of the operation of the anchor with the petro day by day, dynamically, in real time. The value of the sovereign bolivar will be known according to the petro and the value of the petro according to international currencies, "said the president.

Maduro also pointed out that the petro will be a unit of account and that Petróleos de Venezuela will be the first company to implement it in its operations and accounting.

With this announcement the president confirms that the petro will be the unit of account that will be used to try to give stability to the exchange rate in Venezuela and not a currency of payment, as initially promised.

So far the only known value of the petro is its equivalence with the Venezuelan oil barrel. As of Monday, it will have a value with respect to the sovereign bolivar.

"In the course of the week we will explain the details of the new salary system and prices anchored to the petro. This will mean stability and that the maximum retail price that should be respected scrupulously reappears. They are going to be prices anchored to the petro, "he added.

The context there is the paper money being otherwise used is a burden and effectively has no value.  So by contrast the Petro system could even work despite criticism it only really has to be better then what it replaces, for starters it will cost alot less to run hopefully then hauling giant amounts of paper bills about.

I'm still interested if Venezuela can demonstrate the benefits to using digital money across an entire nation.   Even while under a negative shadow cast by the failures of the previous currency standard they could be pioneers and even show innovations that the world will learn from.   I hope they keep an open door to such innovation and they might yet succeed, there is always lots of criticism possible but it would be good to see benefits occur for the people and with efficiency gains its feasible

Basing Venezuelan salaries on the Petro will stabilize people's buying power; also, there will be stability in product sales. Speculation has ended, which helps all Venezuelans without distinction!

Oh my God your president is NUTS! The Petro has a value of ZERO! He apparently also doesn't realize that it can be traded on exchanges other than those controlled by the state. There's no way of artificially maintaining its price. The only thing it has over the bolivar is that it can't be printed into worthlessness.

He still never told anybody that you need to also purchase XEM in order to actually move PTR. Nor does it say this anywhere on the website or the white paper.

https://www.telesurtv.net/english/news/Venezuela-Announces-Monetary-Reforms-as-Petro-Buoys-Economy-20180322-0022.html

With over US$5 billion sold during the presale, the president also thanked Russian firm Nem

There's no record of any number of presales coming close to $5 billion on the blockchain, its closer to somewhere between $200k and $300k.

Plus there's 2 things wrong with that sentence: NEM isn't Russian, nor is it a "firm."

Though I can't say with 100% certainty, this is shaping up to be the biggest ICO scam of all-time, by far!

Venezuelan President Announces New System of Wages and Prices

I'll take it you don't know what a newb shill is. Its somebody with little experience who flings themselves into battle to be killed, often achieving very limited or no success. This newb just killed their credibility on the forum, as you just killed yours.

https://thenextweb.com/hardfork/2018/08/14/maduro-petro-stablecoin-venezuela/

I´ll take it that you don't know what a kamikaze is. Anyway, he who laughs last, laughs best.

new news:

- The National Constituent Assembly in Venezuela is reforming the venezuelan constitution.
one of those reforms will be create a Crypto Central Bank.

- Next week, Venezuela will have two official accounting units.
the first will be the Sovereign Bolivar (the new currency) and the second the Petro.

- Next week, the Central Bank of Venezuela will begin to publish daily the official change rate of the Sovereign Bolivar with the Petro.
the Sovereign Bolivar will be attached to the Petro and the Petro will be attached to a barrel of oil.

https://youtu.be/-da5nLjfm2w

 

I might start calling newb shills "kamikazes" from now on, its definitely a proper application of the word.

Is another Bolivarian Kamikaze released to the forums.

Is another Bolivarian Kamikaze released to the forums.

 

I just wrote you 3 paragraphs explaining the very latest details! Sheesh buddy learn how to read before you write.