Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela

Quote from: STT on March 25, 2018, 02:02:12 PM

54 dollars would be roughly in the region of the oil barrel price which its supposed to be. Is the monthly wage (minimum) now 5 dollars, that would make most people unable to carry on living.

A barrel of Venezuelan extra-heavy oil isn't worth $60 even if it's already loaded on a ship. I recommend this article to understand why the oil backing is false: https://webcache.googleusercontent.com/search?q=cache:ZYnqn75y-eIJ:https://www.caracaschronicles.com/2018/02/27/petro-truly-backed-oil-reserves/+&cd=1&hl=en&ct=clnk&gl=us