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

[Feetshot]

We are excited about your visions and are looking forward to learning more about how you will execute your plan after fundraising.

[Mrbee]

State-issued altcoin? I don't know about that, I've read that Venezuelan government has been flip-flopping on Petro for a while now, many people loss their faith in this coin due to the rampant corruption in Venezuela, I honestly don't know what to think.

[aviven]

State-issued altcoin? I don't know about that, I've read that Venezuelan government has been flip-flopping on Petro for a while now, many people loss their faith in this coin due to the rampant corruption in Venezuela, I honestly don't know what to think.

In my humble opinion there is nothing wrong with state-issued coin, simply because there are different examples of other cryptocurrencies that were issued by states and even cities(for example, Seoul). The main problem with El Petro is that it was issued by corrupted and rogue government as a way to overcome sanctions and fortify Maduro’s position on elections in May.

[coinve]

news, April 26.

by now, 16 exchanges approved or certified by the venezuelan government to operate with Petros soon.
the only ones i can find on internet right now are:
- CriptoExchange (Mexico) https://www.criptoexchange.com
- CryptoCapital (Panama) https://cryptocapital.co

anything about when they will send the petros.

[taseenb]

Is there any activity or legal preparations within the country in connection to this news?

Venezuela has already created the treasury and most of the legislation to regulate the Petro and also miners of other crypto currencies. The country is going 100% crypto to fight inflation and the economic war, including US sanctions. Legislation to allow companies and the state to use Petro is already official.

[taseenb]

The normal one, bereft of all power, with a majority of the opposition and the fraudulent one controlled by the government.

Fraudulent in the sense that terrorists, US and Venezuelan wealthy mafia don't like it. Otherwise a democratically elected constitutional assembly.

[taseenb]

I was talking about the Constituent Assembly. As far as I see the National Assembly is still opposed to Petro.
So what can be said about the power of this Constituent Assembly? Will it really help Petro become widely used or is it only a formality?

Yes. The Constituent Assembly is currently the most powerful constitutional body in Venezuela (can legislate and remove the President for example, if they decide to).
So the only legislative power that can decide on the Petro is the Constituent Assembly. The Petro, as i said, is going to be the most adopted currency in the world (at least until someone else does the same). Technical problems seem still present though and I hope they will manage to solve those.

FYI the National Assembly was suspended last year by the Supreme Court for being in contempt of court (a constitutional conflict emerged and obviously lots of complaints). Anyway on May 20th there are elections for President and for the new National Assembly that will finally move the country forward.

[taseenb]

news, April 26.

by now, 16 exchanges approved or certified by the venezuelan government to operate with Petros soon.
the only ones i can find on internet right now are:
- CriptoExchange (Mexico) https://www.criptoexchange.com
- CryptoCapital (Panama) https://cryptocapital.co

anything about when they will send the petros.

Wow, this is huge news. Where did you get this?

[taseenb]

State-issued altcoin? I don't know about that, I've read that Venezuelan government has been flip-flopping on Petro for a while now, many people loss their faith in this coin due to the rampant corruption in Venezuela, I honestly don't know what to think.

Better don't think anything if you know that little. Consider that the information you get on Venezuela is 99% US propaganda: ie. fake news or brutally manipulated disinformation.

[taseenb]

The main problem with El Petro is that it was issued by corrupted and rogue government as a way to overcome sanctions and fortify Maduro’s position on elections in May.

Corrupted? Why? Do you know something about Venezuela that make you say that?
Rogue? Why? An elected government is rogue in your country? So you live in a dictatorship, I assume.

Information is key, if we believe anything we see on mainstream media (that by the way reflects only the interests of some elites and governments), we can consider ourselves manipulated or idiots...

In other words: you have no idea, so you just repeat the 2-neurons BS you read on mainstream propaganda.

[giffen]

news, April 26.

by now, 16 exchanges approved or certified by the venezuelan government to operate with Petros soon.
the only ones i can find on internet right now are:
- CriptoExchange (Mexico) https://www.criptoexchange.com
- CryptoCapital (Panama) https://cryptocapital.co

anything about when they will send the petros.

Wow, this is huge news. Where did you get this?

I think I found the source.
http://avn.info.ve/contenido/certificadas-16-casas-cambios-que-trabajar%C3%A1n-criptoactivos

It also reports quoting the President that Petro presale generated $3.3bln of revenue. But if I am correct this contradicts to the earlier announcements about $5 bln made from this presale.
Is there any official report with the ICO results?

[apelopus]

news, April 26.

by now, 16 exchanges approved or certified by the venezuelan government to operate with Petros soon.
the only ones i can find on internet right now are:
- CriptoExchange (Mexico) https://www.criptoexchange.com
- CryptoCapital (Panama) https://cryptocapital.co

anything about when they will send the petros.

Wow, this is huge news. Where did you get this?

I think I found the source.
http://avn.info.ve/contenido/certificadas-16-casas-cambios-que-trabajar%C3%A1n-criptoactivos

It also reports quoting the President that Petro presale generated $3.3bln of revenue. But if I am correct this contradicts to the earlier announcements about $5 bln made from this presale.
Is there any official report with the ICO results?

Yesterday i saw on Prensa Presencial twitter that it generated revenue $3338 mln.. feels like they just announce some imaginary figures. They are different all the time

[aviven]

The main problem with El Petro is that it was issued by corrupted and rogue government as a way to overcome sanctions and fortify Maduro’s position on elections in May.

Corrupted? Why? Do you know something about Venezuela that make you say that?
Rogue? Why? An elected government is rogue in your country? So you live in a dictatorship, I assume.

Information is key, if we believe anything we see on mainstream media (that by the way reflects only the interests of some elites and governments), we can consider ourselves manipulated or idiots...

In other words: you have no idea, so you just repeat the 2-neurons BS you read on mainstream propaganda.

That is my assumption based on information I get in a variety of sources, not specifically mainstream. Do you deny that political situation in Venezuela is unstable right now? Have you ever read anything apart from crypto news, genius? Don’t you get a strange feeling that Maduro’s administration is fooling you? Just take a look at pre-sale figures posted above:)

[cryptoviagra]

Don't bother with this guy he is a brainwashed Maduro puppet...Petro will come but when the government decide it, don't even bother with the withepaper....cheers

[coinve]

this could be the first exchange that announced officially that they will work with Petros PTR.
we will see.

https://stocks.exchange
https://twitter.com/StocksExchangeR
https://stocks.exchange/trade/PTR/BTC

@StocksExchangeR @StocksExchangeR
https://stocks.exchange is pleased to receive the PETRO currency (PTR).
See more https://stocks.exchange/trade/PTR/BTC
We anticipate a profitable association!

source: https://twitter.com/StocksExchangeR/status/988401755770839041

[cryptoviagra]

Honestly looking good, I hope we will receive our coins anytime soon without no issue....price of the coin will skyrocket when it's officially into market 🙏🏾🙏🏾🙏🏾

[happyminer1]

Remember? According to the white paper presale ended on 19th of March and the public initial offer started on 20th of March. Then, on 22nd of March Maduro announces that with the end of presale the initial sale starts on 22nd or 23rd of March, and that from that day onward all natural and juridical persons would be able to buy petro online. Well, on 26th of April Maduro tells the world that “yesterday” with the end of the “first presale” petros worth 3.338 billions of dollars were sold. He pointed out that these were the result of negations with big companies and investors. From “today on” (that is: only beginning with 26th of April), small and medium investors  will be able to buy petros.

According to the white paper during presale, given the discounts offered, only petros worth around 1.8228 billions of dollars could be sold.

[coinve]

like cryptoviagra said:

Petro will come but when the government decide it, don't even bother with the whitepaper.

[taseenb]

I think I found the source.
http://avn.info.ve/contenido/certificadas-16-casas-cambios-que-trabajar%C3%A1n-criptoactivos

It also reports quoting the President that Petro presale generated $3.3bln of revenue. But if I am correct this contradicts to the earlier announcements about $5 bln made from this presale.
Is there any official report with the ICO results?

Interesting, thanks for sharing. You are mixing up numbers i guess, because the $5 bln were referred to offers during the pre-sale: NOT actual payments. I'll investigate, but there's no official info on the ICO yet. It's still open and will be for some time as they are supposed to finish the coins for that stage (about 70 million in total).

[taseenb]

Remember? According to the white paper presale ended on 19th of March and the public initial offer started on 20th of March. Then, on 22nd of March Maduro announces that with the end of presale the initial sale starts on 22nd or 23rd of March, and that from that day onward all natural and juridical persons would be able to buy petro online. Well, on 26th of April Maduro tells the world that “yesterday” with the end of the “first presale” petros worth 3.338 billions of dollars were sold. He pointed out that these were the result of negations with big companies and investors. From “today on” (that is: only beginning with 26th of April), small and medium investors  will be able to buy petros.

According to the white paper during presale, given the discounts offered, only petros worth around 1.8228 billions of dollars could be sold.

Uff. This is a mix of everything. We need official information about the ICO sales: there are none. The only numbers we have so far are generic announcements about the pre-sale offers (not payments). The ICO is still open.