Post
Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
taseenb
on 23/05/2018, 11:54:44 UTC
We can clearly see that Maduro’s administration is working on ways to avoid sanctions and improve oil sector, so yeah, I believe we'll see the results sooner or later (better be sooner). Btw El Petro was created for this purpose, am I right?

That is one of the goals of course.

There are others. Petro is not as easy to manipulate towards the US dollar as the Bolivar (even if that will depend on how it will be received by the markets). And like most cryptos is an anti-inflationary currency, because the total number issued cannot change.