Apparently Venezuela has already raised $735 million from it's pre-sale:
a drowning man will clutch at a strawNote that this info is realised only by the official website which I don't even bother to visit, cause who knows what sort of scripts are running there... Anyway, probably pile of bollocks spaded in order to encourage more money to be thrown in to the firepit.
If true... than jeez, I have no word for stupidity driven greed, or the other way around.
I feel sorry for all those poor people starving there but this scam wont help them. Even if somehow successful, it will be the next communists fraud.
How do those investors expect this "backing" even work? They wont send you barrels of oil with DHL, that's obvious. And when one goes there to use this coin than... he will be quickly "evaporated" because this is how commies work. Madness, it should be considered as backing up homicidal organisations.
I agree with you, as I said earlier I don't trust this guy, their president, at all. At fist seeing that $735 million number from petro's pre-sale I though it's just another lie since the primary source of this information is the Venezuelan government. But then after some research I came to conclusion that it might be true. The thing is that Venezuelan Bolívar continues its falling and the International Monetary Fund forecasts an inflation rate of 13,000 per cent for 2018. Taking into account that they promised to accept the petro as payment for taxes, fees and public services in the petro's whitepaper, poor Venezuelan citizens might start buying the coin because indeed holding it might be a bit better than holding the Bolivar. I didn't mean to say that this petro is good for investment, but compared to Venezuelan Bolívar probably it is.