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

[taseenb]

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

Cool!

[1714824519]

1714824519

[taseenb]

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:)

Ok, you know nothing. Another one.

[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.

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.

The announcements of 26 of April clearly were about (alleged) pre-sale sales.

[STT]

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

Cool!

Also noticed in this article, coinsecure will allow trading of PTR across India apparently - https://www.newsbtc.com/2018/04/30/venezuela-coaxes-india-pay-crude-oil-petro-cryptocurrency/

Thats big news because India has very little oil to spread between its 1 billion people.  They are very active population also with alot of growth because the majority of the country is actually below 30 years old.
An incredible contrast to large parts of the Western world.   India I think could grow so much.

India relys alot on LPG or propane gas type fuel, I know they have been large buyers of oil from Iran even during difficult times for that country.   It would be a big deal to secure a buyer for PTR in that route I guess.   In theory India could also use gold but I think they retain this as a security only, dollars obviously causes problems for Venezuela and Im not sure why the Ruppe isnt used maybe bilateral trade is not as high as it could be.

[happyminer1]

The original source for this news seems to be:

http://www.business-standard.com/article/markets/venezuela-offers-india-30-discount-on-crude-but-with-cryptocurrency-rider-118042900018_1.html

They also claim that the petro will only be launched after the elections.

[aviven]

Venezuelan government has already started the distribution of money from El Petro pre-sale, one billion to the Central bank, one billion to Dicom, 500 million dollars spent on development of economic zone, 500 millions on supplies.
http://www.elmundo.com.ve/noticias/economia/mercados/venezuela-pago-700-millones-alimentos-materia-prima-traves-del-petro/
http://bitcoinist.com/central-bank-venezuela-1-billion-petro-sale/
http://www.elinformador.com.ve/2018/04/28/maduro-entregara-500-de-dolares-en-petro-para-la-zona-comercial-de-paraguana/
https://m.aporrea.org/economia/n324304.html
Those are on Spanish, but I gues yall can press translate button, right?

[apelopus]

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).

I also couldn't find any official info on ACTUAL PAYMENTS. Only some tweets and articles in the mass media, which is frankly not a very reliable source.

[happyminer1]

I also couldn't find any official info on ACTUAL PAYMENTS. Only some tweets and articles in the mass media, which is frankly not a very reliable source.

This is a tweet of Maduro himself, showing also part of his speech of April 26: https://twitter.com/twitter/statuses/989958118661640192

In the speach he affirms that "3,338 billion dollars have entered". ("Han ingresado 3 mil 338 millones de dolares.")

Later on he explains that "we made transactions to import worth 1,738 billion dollars" and "1,6 billion dollars cash, cash, in various currencies, in ready money then."

Of these 1,6 billion dollars he decided to give 1 billion to the central bank to increase the international reserves "immediately, tomorrow at the first hour":

"De estos mil 600 millones de dólares he decidido entregarle al Banco Central de Venezuela para la reservas internacionales, aumentar las reservas internacionales de Venezuela y fortalecer el Dicom de inmediato, mañana a primera hora, mil millones de dólares al Banco Central de Venezuela para jugar con la subasta del Dicom".

I don't know how he could give 1 billion dollars to the central bank the next day if Venezuela hadn't received this money in actual payments.

You can watch the full speech at: https://www.pscp.tv/w/1MYxNpykLPpGw

(Of course I don't claim that anything of what Maduro is saying is true. I just want to point out that the official "information" is, that foreign currency worth 3,338 billion dollars acutally entered the country.)

[jgaltt]

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

Are you sure it will come? From what I read and see Maduro only speaks of its benefits always in the future. Always reference to time after elections. I think it may be part of his electoral propaganda and no more

[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

Are you sure it will come? From what I read and see Maduro only speaks of its benefits always in the future. Always reference to time after elections. I think it may be part of his electoral propaganda and no more

I noticed too and I can't hide that it is worrying, but with this bullshit government you can't even reach them, the money you invested you basically gave it to them and accepted to loose it in case things not going according to plans..I gave 10ETH and I have no news since 38days so I'm slowly loosing faith...🤔😵😶

[jgaltt]

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

Are you sure it will come? From what I read and see Maduro only speaks of its benefits always in the future. Always reference to time after elections. I think it may be part of his electoral propaganda and no more

I noticed too and I can't hide that it is worrying, but with this bullshit government you can't even reach them, the money you invested you basically gave it to them and accepted to loose it in case things not going according to plans..I gave 10ETH and I have no news since 38days so I'm slowly loosing faith...🤔😵😶

Well investment is always risky, but with that government the risks accelerate too much. I hope this works out well for you man, and you will eventually get your money

[iBenGunArmor]

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

Cool!

Also noticed in this article, coinsecure will allow trading of PTR across India apparently - https://www.newsbtc.com/2018/04/30/venezuela-coaxes-india-pay-crude-oil-petro-cryptocurrency/

Thats big news because India has very little oil to spread between its 1 billion people.  They are very active population also with alot of growth because the majority of the country is actually below 30 years old.
An incredible contrast to large parts of the Western world.   India I think could grow so much.

India relys alot on LPG or propane gas type fuel, I know they have been large buyers of oil from Iran even during difficult times for that country.   It would be a big deal to secure a buyer for PTR in that route I guess.   In theory India could also use gold but I think they retain this as a security only, dollars obviously causes problems for Venezuela and Im not sure why the Ruppe isnt used maybe bilateral trade is not as high as it could be.

Yes. A couple of such successful projects at the state level, and there will be universal crypto recognition. We hope and expect.

[taseenb]

[UPDATE] Maduro stated that the Petro has collected 3338 million dollars (or equivalent). He also said that this money comes from negotiations with large companies, not small-medium investors.

It is unclear whether the negotiations with large companies (like Indian importers) participated in the ICO like everybody else or used different channels. In my opinion it's likely that these negotiation use different, high level channels.

https://i.imgur.com/oe9LYED.jpg

[taseenb]

[edit] Sorry... i just noticed that this news was already posted. Ok leave it here as it is quite important.


Venezuela Lures India With 30% Discount on Crude Oil Purchased With Petro

Venezuela has offered India a 30 percent discount on their crude oil purchases, but only if India makes use of the newly introduced Petro coin, which operates through the blockchain, or distributed ledger-based technology

https://sputniknews.com/latam/201805011064067734-venezuela-india-crude-oil-petro/

[jakartanthor]

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

Cool!

Also noticed in this article, coinsecure will allow trading of PTR across India apparently - https://www.newsbtc.com/2018/04/30/venezuela-coaxes-india-pay-crude-oil-petro-cryptocurrency/

Thats big news because India has very little oil to spread between its 1 billion people.  They are very active population also with alot of growth because the majority of the country is actually below 30 years old.
An incredible contrast to large parts of the Western world.   India I think could grow so much.

India relys alot on LPG or propane gas type fuel, I know they have been large buyers of oil from Iran even during difficult times for that country.   It would be a big deal to secure a buyer for PTR in that route I guess.   In theory India could also use gold but I think they retain this as a security only, dollars obviously causes problems for Venezuela and Im not sure why the Ruppe isnt used maybe bilateral trade is not as high as it could be.

Yes. A couple of such successful projects at the state level, and there will be universal crypto recognition. We hope and expect.

I also read that Brazilian companies which will build petroviviendas will accept petros as payment. That's a good sign that El petro Will be accepted world wide

[jgaltt]

[edit] Sorry... i just noticed that this news was already posted. Ok leave it here as it is quite important.


Venezuela Lures India With 30% Discount on Crude Oil Purchased With Petro

Venezuela has offered India a 30 percent discount on their crude oil purchases, but only if India makes use of the newly introduced Petro coin, which operates through the blockchain, or distributed ledger-based technology

https://sputniknews.com/latam/201805011064067734-venezuela-india-crude-oil-petro/

As far as I see, it's a pure violation of international law as El petro Is not accepted as a currency for international trade

[taseenb]

As far as I see, it's a pure violation of international law as El petro Is not accepted as a currency for international trade

LOL international law... share the bottle mate 

[EHEP]

[UPDATE] Maduro stated that the Petro has collected 3338 million dollars (or equivalent). He also said that this money comes from negotiations with large companies, not small-medium investors.

It is unclear whether the negotiations with large companies (like Indian importers) participated in the ICO like everybody else or used different channels. In my opinion it's likely that these negotiation use different, high level channels.

https://i.imgur.com/oe9LYED.jpg

This has always been my opinion as to how this process would develop.

[kriptokraker]

[UPDATE] Maduro stated that the Petro has collected 3338 million dollars (or equivalent). He also said that this money comes from negotiations with large companies, not small-medium investors.

It is unclear whether the negotiations with large companies (like Indian importers) participated in the ICO like everybody else or used different channels. In my opinion it's likely that these negotiation use different, high level channels.

https://i.imgur.com/oe9LYED.jpg

You call it negotiation? Maduro just pushed companies into buying coins...

[happyminer1]

[UPDATE] Maduro stated that the Petro has collected 3338 million dollars (or equivalent).

He also said - on April 26 - that he decided to give 1 billion to the central bank to increase the international reserves "immediately, tomorrow at the first hour". International reserves 26 of April: 9,874 million USD, on 2nd of May 9,920 million, difference 46 million. One possible explanation: They just don't have received the 1.6 billion USD in cash, he boasted about.