Pre-Sale of Venezuela’s National Cryptocurrency
Pre-Sale of Venezuela’s National Cryptocurrency. Nicolás Maduro, Venezuela’s president has presented and signed Petro’s official technical report and revealed Petro Container for the new currency. Maduro announced during a meeting on Tuesday, the pre-sale of Venezuela’s national cryptocurrency, petro, will begin on February 20. He further added;
Venezuela is at the forefront of the world, and we are going to accelerate permanently the start-up of the cryptocurrency, the petro.
Maduro presented and signed the cryptocurrency’s whitepaper which says the “function, vision, and conditions” of the petro. And it has also been released to the general public.
Media outlets reported on a supposedly leaked petro whitepaper. Maduro government denies the authenticity of the document.
Introducing Petro Container
At the meeting on Tuesday, Maduro announced his intentions to “accelerate the entry into the operation of el petro cryptocurrency and mining farms through the Petro Container,” He recommended all saving bank in the country to have their mining farms and participate in the el petro.
Venezuela announced for the first time the creation of petro at the beginning of December. He assigned more than five barrels of crude oil to the new currency and announced the insurance of 100 million units. The Venezuela National assembly has declared the petro illegal and cannot be supported by oil.
The president further convinces 10 other countries to join the oil investors. Stating;
We have received very auspicious comments from experts in cryptocurrencies around the world.