I'm very curios to learn more about technical details of this upcoming coin. I really doubt that any government in the world would issue a true, decentralized and permissionless cryptocurrency, so this Petro is most likely to be a payment system akin to PayPal. But it may not mean that it will fail immediately, because even today we have many centralized "cryptocurrencies" like Ripple and Iota and investors doesn't really seem to care about it as their marketcaps have grown past those of real cryptocurrencies like Litecoin or Monero.