Okay so... When do you guys reckon this exchange will actually open? Right now its kind of a joke -- all links redirect to the main page, with the exception of the Twitter and Facebook page links. You can't register, there's no information on the markets offered, no apps actually offered even though it says that there are.
From:
http://puntodecorte.com/que-ha-pasado-con-el-petro-aqui-lo-mas-reciente/"On digital mining, there is also little known about its progress. The mining farms were installed but the progress or activities that are being developed are unknown."
The whitepaper doesn't actually say if the final petro is going to have its own blockchain or not, though it does make quite a big deal about how cool NEM is. If the final product is to be released on NEM, what do they even need mining equipment for? The whitepaper sure lacks a lot of specifics for a coin that raised (at least) $5 billion.
http://explorer.nemchina.com/?#/s_account?account=NBC2LLR5W2NSH6MYI7O6PT7OF34CSL55L27ZXTQZAs far as this mosaic owner address is concerned, looked like petros were moved to 204 addresses. Maduro's claim of 87,200 buyers is about 87,000 too short.
I dont use the words scam or similar but failure is quite normal in possibilities, I dont know thats whats happened.
Pretty convenient how they can raise so much money and then just say "oh it was a failure." With each passing day its looking more like a blatant ICO scam.
This is also insane:
https://www.criptonoticias.com/mercado-cambiario/plataformas-criptomonedas-marcan-tasa-cambiaria-dolar-venezuela/So the VP is saying cryptocurrencies are actively being manipulated to attack the petro, a coin with no established value as of yet? That's extremely paranoid thinking.
He commented that the buyer can make a minimum bid of 100 bolivars for a fraction of Petros, called Mene, which has a divisibility of up to 8 decimals.
...
as these Bolivarians lie, he says three times that the mene are eight decimals
Ouch, your absolutely right. NEM has 6 decimal places, same thing as the Petro wallet (really just the NEM wallet renamed and re-jiggered to show PTR balances instead of NEM balances... I hope they realize that even if PTR is actually released, its holders will still need NEM in order to move it anywhere. They didn't mention this in the whitepaper. If the main PTR blockchain isn't going to be NEM, why make an android wallet for it?
What were the murmerings of people receiving the ICO token? Were those legitimate investors or just Maduro sockpuppets?
I've been analyzing ICOs for about 4 years now and this one has all the markings of a scam. A scam conducted at the highest level of office is still a scam. It seems like most of the people who invested in this have far more money than they can afford to lose, so I'm not really weeping over anybody's losses. All the national governments who got caught up in this -- its not their money they're losing so what do they care? Maybe a few financial techs will be out of the job, but that's about it.
I'm certainly keen to see how this thing plays out.