Topic: Venezuela Government ICO - page 2. (Read 568 times)

Hi. I also created a thread with more Information.

https://bitcointalksearch.org/topic/annpresaleicopos-petro-real-venezuelan-oil-backed-eth-based-crypto-2857617

I think it would be nice to merge both threads. Also if you have any doubts I could provide legal information about it on the thread...

Also don't fall for scams trying to sell petros or announcing icos.... I have seen a few

yep correct it's all in the news. venezuela will be having their own crypto coin. much awaited by many.

Venezuela PTR could be similar to DigixDAO DGD, that Tokens represent a title of ownership of a real gold bar / bullion stored in a real vault, with traceable ownership.
https://digix.global

Everybody wants money, or at least 99.97%

Or not who knows. Maybe Aliens invade Earth. LOL. Jajajajajajaja

If Fraking is allowed for mass production, the price of un-contaminated water & food will increase... but the price of Oil will stay the same or similar, if Fraking Oil production is the same.
Also demand for Oxygen tanks & gas masks could increase in largest cities with industries near.

I think what matters is, the price of Oil, if goes Up or Down.

If I buy $1PTR at $60usd.
And the Price of Oil goes Up, I win.

And the price of Oil, will go up, eventually.
How much?
USA & China are the largest Crude Oil Consumers, both eat 50% of the world production...

USA, Colombia & Mexico Oil reserves are running out, they all have less than <10 years left, tops. Unless Fraking is used like Crazy. I mean to destroy all sub-terrain water sources in all 3 countries, like all corrupt politicians want. LOL. Jajajajajajaja

USA eats today 17Million barrels a day, and increasing, most was produced by USA in the last years, "since the real state crisis." that's why the international Oil prices plumbed in the last years. USA imported/purchased little, close to none.
But In the future, when all the Oil reserves are depleted in the USA, Mexico & Colombia "all at the same time", and No Fraking is allowed. "If Fraking is Banned."
USA will depend on Canada crude Oil production,
But Canada cannot pump 17Million barrels a day, USA will need from another source.

China is closer to OPEC countries, "OPEP in Spanish", No problem for China, when USA, Mexico & Colombia crude Oil reserves are depleted.
https://en.wikipedia.org/wiki/OPEC

The advantage of USA are the +30 Refineries, most have around ~500k barrels a day capacity.
But that's another story.
India and Venezuela have the largest Oil refineries, 1.1Million barrels per day and 900k, but only have 1 each,
Not enough.

Airplanes need the highest quality refined Oil.
Electric Cars, need Lithium, and is very expensive, there are few mines in the world, can be counted by the fingers in one hand.
Sealed Lead Acid Batteries only last 1 year, very expensive and polluting.
Lead was banned to be used in electronics since the RoHS.
https://en.wikipedia.org/wiki/Restriction_of_Hazardous_Substances_Directive
Lead also was banned in gasoline since the last century.
https://en.wikipedia.org/wiki/Tetraethyllead
Was replaced with Ethanol alcohol, that's why gasoline Now looks green, Not golden, but is impossible to replace 100% the gasoline with Ethanol or Biodiesel, with today crops, World Oil consumption is too high.
Brazil I think has 5O% Ethanol 5O% gasoline mix.
Most other countries are 1O%~2O%.

Lithium Polymer batteries last 1000 recharges at 90%
Ni-Cd and Ni-MH rechargeable batteries last 300 recharges at 60%. Cadmium is also toxic.
For electric cars, boats and airplanes, Lithium Polymer is required.
Unless a new technology is invented.
Gold plated Nano fiber carbon tubes lithium Polymer batteries or something.

World energy consumption is increasing, but sources are decreasing.
= efficiency is increasing, but efficiency cannot increase forever.

Switching all vehicles in USA and most of the world from gasoline & diesel to electricity is Not possible in less than 10 years with today's battery technology.
There are some tricks like using capacitors in parallel with the battery to extend battery power, decreasing a bit battery run time, like a Turbo, but that's not enough.
= The Price will go Up. LOL. Jajajajajajaja

venezula governan maybe dont want us for their'ICO lol

the .pdf says there are discounts for Masternodes, you should call/go to your local Venezuela Embassy, with an Spanish dictionary. LOL. Jajajajaja

i only have 2 ETH, 0.03 BCH and 160 CRDS to invest. LOL. Jajajajaja
0.0033334228 XMR, 0.0038 BTC, & $1million COP LOL,. Jajajajaja

I'm really curious about this ICO and the prospects of this project. It could lead to some interesting real-world applications of crypto to solve financial problems being faced especially in 3rd world countries today.

I don't know about this. One government coin gives that government too much power to manipulate the coin for their own benefit.

How much discount during pre-sale?

All Banks & Governments want to ban Bitcoin, UBER and AirBNB. LOL. Jajajajaja
https://en.wikipedia.org/wiki/Uber_protests_and_legal_actions
https://en.wikipedia.org/wiki/Airbnb
its like a Post Office Banning e-Mail. LOL. Jajajajaja
https://en.wikipedia.org/wiki/Mail#Privacy_and_censorship
The Postman (film),  1997
http://www.imdb.com/title/tt0119925/

Rumor is this will be banned in the usa due to ties with it being a government coin

Let the Games Begin. LOL.

the smallest size is called:
Mene (0,00000001).

PoS Coin, https://en.wikipedia.org/wiki/Proof-of-stake
Based on Ethereum ERC20 Token.
http://support.exodus.io/article/108-what-is-an-erc20-token
https://theethereum.wiki/w/index.php/ERC20_Token_Standard

100.000.000 Coins Total.
44% Public ICO at the international Oil Barrel Price, 1 Barrel = 1 Coin.
38.4% Private ICO at Fixed $60usd. per Coin. Discount for Masternodes.
17.6% Reserve for the Government. Superintendencia de Criptomonedas y Actividades Conexas Venezolana (SUPCACVEN).

Profits of the ICO will be distributed in:
15% Research & Development
15% Smart Contracts Development,
15% To Continue the Road Map.
55% to Government Founds, like a Fort Knox of Bitcoins. LOL. https://en.wikipedia.org/wiki/United_States_Bullion_Depository

Private ICO: 20 Feb 2018,
Public ICO:
20 March 2018 08:30 a.m. (Venezuela Time, -04:00 GMT).

So far:
You need a Venezuela ID to register, as an official PoS Petro Miner, and Download the Mining Software.

if you have trouble downloading the White Paper from Venezuela Web site, use a VPN with an IP in ASIA or Europe...
Venezuela is blocked in some countries.
some desktop browsers have VPN built-in
http://www.opera.com
etc...

i live in Colombia... neighbors. LOL.

is Big News here in South America.
http://www.vicepresidencia.gob.ve/index.php/2018/01/31/banco-central-de-venezuela-presento-hoja-de-ruta-del-petro/

https://registro.blockchain.gob.ve/web/
http://www.elpetro.gob.ve

https://en.wikipedia.org/wiki/Petro_(cryptocurrency)

https://youtu.be/TNXd_7qcqq0
https://youtu.be/tRne06FIc2w
http://cnnespanol.cnn.com/video/francisco-monaldi-venezuela-petro-maduro-criptomonedas-romo-entrevista-dinero/

http://www.dw.com/en/venezuelas-own-bitcoin-like-cryptocurrency-the-petro/a-42052601
https://www.cnbc.com/2018/01/31/venezuela-says-will-pre-sell-petro-cryptocurrency-on-feb-20.html
https://www.reuters.com/article/venezuela-economy/update-1-venezuela-says-it-will-start-selling-petro-cryptocurrency-on-feb-20-idUSL2N1PP25T
https://www.rt.com/business/417491-venezuela-cryptocurrency-petro-maduro/
https://www.bloomberg.com/news/articles/2017-12-29/get-set-for-petro-venezuela-s-cryptocurrency-answer-to-bitcoin
http://fortune.com/2018/01/16/venezuela-petro-cryptocurrency-treasury/
https://oilprice.com/Latest-Energy-News/World-News/Venezuela-To-Pre-Mine-Petro-For-Release-In-6-Weeks.html
http://www.bbc.com/vietnamese/media-42900673

https://www.coindesk.com/venezuelas-president-announces-petro-token-pre-sale/
https://news.bitcoin.com/venezuela-releases-petro-whitepaper-ahead-5-billion-ico/
https://cointelegraph.com/news/venezuela-says-crypto-mining-now-perfectly-legal-announces-petro-presale
http://bitcoinist.com/us-treasury-warns-investors-venezuelas-petro-violate-sanctions/

this could be rather interesting...

wonder how this takes off

Are you representing the  Venezuela Government or just posting the info?
Can you please provide links to the official announcements by the  Venezuelan Government?
Archived for future reference: http://archive.is/68HB6

#1. In other News: Venezuela is launching it´s own eCoin, ICO 20-Feb-2018 called Petro, short for Petroleum "Venezuela has the Biggest Proven Oil Reserves in the World",
While India has Banned Bitcoin.

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

Venezuela $Petro PTR could be similar to Maker Coin MKR, that price is fixed by the Price of USD. but instead is fixed by the Price of Brent or WTI Oil.
 or just the starting price for the ICO.
1 Barrel = 1 Coin.
https://en.wikipedia.org/wiki/Barrel_(unit)#Oil_barrel

White Paper .pdf is available to download, i´m reading and translating as we speak.
http://www.elpetro.gob.ve/index-en.html
English version:
http://www.elpetro.gob.ve/Whitepaper_Petro_en.pdf
Spanish version:
http://www.elpetro.gob.ve/Whitepaper_Petro.pdf

The 1st Government in the World to become a complete Digital Economy based on the Blockchain technology.
"Petro is the first State-issued cryptoasset"

https://oilprice.com
http://www.nasdaq.com/markets/crude-oil.aspx
https://www.oil-price.net
https://www.bloomberg.com/energy
vs.
https://coinmarketcap.com