buy petro cryptocurrency

Not surprisingly, the U.S. Treasury has warned investors to steer clear of it. Venezuela’s President Nicolas Maduro says Petro — the state-issued crypto, will be a major focus of the country’s government in 2020. How to Invest in Petro. PetroDollar has a current supply of 63,993,274.887257. If you try to purchase from another place you will most likely lose your money is it is most likely to be a scam site. Early investors in the Petro were invited to buy the cryptocurrency by wiring funds to a Venezuelan government account at Evrofinance. The petro, or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela. Note : After posting the article they have added HTTPS to their ICO Presale page, Their Website error message also discloses their home directory, which is not a good practice. twitter. Announced in December 2017, it is supposed to be backed by the country's oil and mineral reserves, and is intended to supplement Venezuela's plummeting bolívar fuerte currency, as a means of circumventing U.S. sanctions and accessing international financing. Even if President Maduro wins the next election (and is still optimistic about his big project) and other exchanges support the cryptocurrency, Petro may still be the cause for a lot of controversies. Petro Coin Whitepaper also states the same that the coin is “Non-Control”, The Official Website of Petro Coin is not using any sort of encryption so if you must participate in the ICO please ensure you are not using any public internet connection as things can get very risky. Powered by Hackology. (Source: “What is Venezuela’s new petro cryptocurrency?,” Al Jazeera, February 20, 2018.). Purchases of Petro can be allegedly made with cash by having the buyer visit the premises of the Venezuelan National Superintendence of Cryptoassets and Related Activities (SUNACRIP), or by going to the Petro’s official website. This Triple-Gainer 5G Stock Next to Be Bought Out for Big Dollars. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. Maduro likewise uncovered that from Nov. 5, “the Venezuelan individuals will have the capacity to buy the petro cryptocurrency with sovereign bolivars,” the Service of Mainstream Power for Communication and Data composed. Before I answer this I would like to know how many times have we participated in coins which we have no idea about, no knowledge about actual team behind a coin and no activity on their code and a missing whitepaper. This is FREE from Profit Confidential. Maduro is Determined to Make Petro a Success. Yesterday (1st October 2018) Petro Coin made some interesting changes, their whitepaper now just has 1 page which has an image of petrocoin , their Windows Wallet is an empty zip file and the yes you guessed it right : their User Manual is also blank.. @PetroOfficial on twitter is one example of an ongoing scam and using 0xdc867fcbba6442888d6cf8eedc0f569bb58a664f Ether wallet address , stay alert. Soon, there will also be many merchants providing goods and services, where you can go with your Petro and exchange it for a product or service. Petros will be “pre-mined,” meaning the government will produce and control it. For that, they release a buyer manual in Spanish. Maduro’s ‘petro’ is just another elaborate pump-and-dump scheme.” (Source: “Twitter Post,” @steve_hank, February 18, 2018.). For now, there is no information on the internet where you can buy Petro currency. Scammers never miss out an opportunity and are already scamming people with fake twitter accounts and posing as Petro Coin. How To Buy: Venezuelan Petro Cryptocurrency ICO Pre-Sale The pre-sale and initial offer of the Petro currency will be made in hard currencies and in cryptocurrencies, not the Venezuelan bolivar. While that answers the question, “What is Petro cryptocurrency (Petro coin)?” there are some things to know about this latest entrant into the cryptocurrency ecosystem. Social Media is filled with write-ups where they are opposing this coin but technically speaking I do not see any drawback, as their country is a struggling economy and the nation is trying to get out of petro-dollar monopoly with their own held reservoirs of Crude Oil, Petro Coin has a huge potential and will be a coin which might actually “do something” in terms of practicality. I have covered so many of such Cryptocurrency. Users are able to generate XPD through the process of mining. Do you know where I could find the document translated in English? Maduro has claimed 100 million tokens were to be issued and has since made it an official alternate currency in the country. As of December 2018, the official wallet on the currency’s website is still unavailable. materials. As of August 2018 it does not appear to be used as a currency. Let us know your thoughts. Record Instructions on How to Access Accounts and Create a Will or Trust in the Event of Death. Petro Coin has shared a Whitepaper, a working idea and roadmap and how ever the country might be this coin is supported by a “Country”. Access the cryptocurrency [petro] in bolivares and exchange them for bitcoin, ethereum or American dollars. O… The president of Venezuela, Nicolás Maduro, has recently announced the creation of a national cryptocurrency backed by the nation’s oil, gold, gas, and diamond reserves, called the Petro. Profits of the ICO will be distributed in: Private ICO: 20 Feb 2018, Scammer trying to steal people off their money by posing as Petro Coin Official Twitter account. President Maduro believes a government-backed cryptocurrency will allow the Venezuelan government to regain control over its finances and help overcome U.S. sanctions. (Source: “82.4 Million Tokens: Venezuela Officially Launches ‘Petro’ Cryptocurrency Pre-Sale,” CCN, February 20, 2018.). Each Petro will be backed by a barrel of oil and will be sold at the same price, according to the government. Controlled coin is like Ripple which even when in your wallet can be rendered useless. The price of the Petro cryptocurrency will be tied to the price of a barrel of Venezuelan oil. What does that mean? May 7, 2018 DTN Staff. The Petro currency will act as a form of legal tender that can be used to pay taxes, fees, and other public needs. google plus. VENEZUELA’S oil backed el Petro cryptocurrency aims to pull the failing country out of the depths of economic crisis. All rights reserved. Caracas (AFP) President Nicolas Maduro on Tuesday decreed that airlines flying from Caracas must pay for fuel in Venezuela's ailing "petro" cryptocurrency, which … Credit Card is NOT required. Home » Cryptocurrency » Petro » How & Where to Buy Venezuelan Petro Cryptocurrency (PTR) And More Facts To Know, Mohan Garikiparithi The Venezuelan State will not be able to make new emissions Petro. 82.4 Million Tokens: Venezuela Officially Launches ‘Petro’ Cryptocurrency Pre-Sale, 5 Best Marijuana Penny Stocks Right Now After States Prefer Marijuana Legalization, NEO Coin and Its Applications: Places Where You Can Use NEO Coin. 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As Petro is still in its early stages, PTR is only available on the official blockchain observatory. It’s the world’s first sovereign cryptocurrency as it will be produced and controlled by the Venezuelan government. More importantly, the Petro has been created in an innovative manner, using the highest standards in block chain technology and information security, thinking of a future where electronic asset-representations will enable more direct trade as well as government work within the framework of true financial and economic independence. While one might wonder whether the Petro currency supply limit will ever reach the 100-million mark, the more important questions should be: How does Petro work and where to buy Petro cryptocurrency. Petro mining commenced in the second week of January and the cut-off time was February 21. Active 2 years, 11 months ago. “Petro … The full use of the token is expected to begin in April. Petro Coin (PTR) also known as EL PETRO will be the first government backed Cryptocurrency based on ERC20 Ethereum Token. With both countries having issues with the US, they were discussing methods of eliminating the use of the … Viewed 8k times 2. To verify the status of your application enter the portal www.elpetro.gob.ve placing the following verification code: XXX XXX. The government also announced the creation of a “blockchain observatory”—a software platform for buying and selling virtual currency—around the same time when it begins a private sale of the token next month. First of all: It means that you need to trust Venezuela's government to exchange oil for petros. Its background dates back to proposals for global financial and monetary coordination prior to the hegemony of the US dollar, which resurfaced after the financial crisis of the late 1990s, Due to the imposition of the US dollar as the international backing currency and the subsequent replacement of the gold standard with the fiduciary model, the world economy has suffered from uncertainty and instability caused by the foundation in a currency without a gold backing, which has been particularly harmful to emerging economies. PreSale Website: http://regpetro.mppeuct.gob.ve/ (NOT ACCESSIBLE OUTSIDE OF VENEZUELA ANYMORE) I can not speak about the human element no one knows the government runs away with the money but if they had to do this they wouldn’t have gone to such lengths by creating a Blockchain Observatory. As for storage, the Petro currency wallet will have a GUI version that is easy to use and can be installed on “Windows,” “Mac OSX,” “Android,” and “iOS.”. pinterest. Though President Maduro previously announced that they would be issuing 100 million tokens, currently there are only 82.4 million units available. Its a wait and watch game for now. Though it was announced in December 2017, it was officially launched on February 20, 2018. Following a meeting between representatives of the Its sales began on February 20 2018. which is unlikely. Petro is part of the Venezuelan government’s initiative to overcome the U.S.’s economic blockade against Venezuela. © Copyright 2021: Lombardi Publishing Corporation. The website is unsecured and its in Spanish so you will need to use some translator. Unfortunately, as of now, there are not too many exchanges that support Petro. The digital currency will be backed by five billion barrels of oil allocated by Venezuela. Venezuela’s own opposition party has called the project a corrupt forward sale of Venezuelan oil. To further support the project, the Venezuelan government details its plans and expectations for Petro in a new web site built for the cryptocurrency. Public ICO: 20 March 2018. Where and how to buy Petro? How to Buy Petro Coin Step 1 : Open Petro Coin Pre Sale Website (Update Oct 2018: Closed for outside of Venezuela) Step 2 : Select “ Persona Juridica ” if you are applying as a company or “ Persona Natural ” if you are an individual. Launched on the same day as the cryptocurrency’s pre-sale, the web site is hosted and maintained by the country’s leading tech university: Ministerio del Poder Popular para Educación Universitaria, Ciencia y Tecnología (MPPEUCT). Ask Techie. Once the initial stage is completed, there might be the option of exchanging Petros for bolivars. Venenzula is trying to solve their issues by the help of blockchain and I hope they use it in the best of manner. To find out how and where you can buy cryptocurrency, it is important for you to check your country's regulations.. Payment Method. The most common and accepted payment methods to buy cryptocurrency include: credit card, bank transfer, or even cash.Different websites accept different payment methods, so you'll need to choose a website that accepts the payment method you want to use. Here's how and where to buy Petro with everything investors need to know about the new kid on the crypto block. According to Venezuelan media platform Tal Cual, merchants in the country have abandoned Petro as a payment method. Petro Cryptocurrency Sale Reportedly Tops $5 Billion Petro is the first cryptocurrency which is purportedly backed by. trending; Buy Petro Cryptocurrency Bitcoin . Currently, Venezuela is reeling under U.S. government-led sanctions that make moving money through international banks difficult. Also, I keep reading that the petro is a cryptocurrency that is "backed by oil." According to Venezuelan Cryptocurrency Superintendent Carlos Vargas, Venezuela would pay for imports from Brazil using the Petro cryptocurrency. My favourite question, Is Petro coin a scam or legit. will you invest in this coin ? An honest review of Petro (PTR), the latest cryptocurrency launched by the government of Venezuela, and why it faces an uphill battle. Upon its launch in October, Petro was available for purchase with fiat currencies which included dollars, yuans, euros, rubles and rupees, with supported cryptocurrencies being Bitcoin and Litecoin. This is a tough one. Evrofinance’s involvement in the Petro demonstrated Maduro’s hope that the Petro would allow Venezuela to circumvent U.S. financial sanctions. As we can read on Finder, Petro will be mined in a similar way to other cryptocurrencies giving fees to miners which will immediately add value to the Petro coin and opens up the possibility of foreign nations accruing the Petro for their services processing transactions on the Petro blockchain. Who knows right  ? Petro (PTR) is the latest coin to join the cryptocurrency bandwagon. For full details on how to buy Petro Cryptocurrency, one can refer the  Per Telesur, a user manual that is available in several different languages. They did port to a new domain so maybe they are porting and in their country it might be slow. Reports say merchants who tried to liquidate their petro holdings at the Bank of Venezuela received devalued Bolivar amounts. Petro tokens could be exchanged through virtual exchange houses. Though it was announced in December 2017, it was officially launched on February 20, 2018. If President Maduro does not win the next election, there is every chance of Petro being nullified. Buying will be possible when Petro Coin reach crypto exchanges. Petro’s on sale during the Initial Offer will be created and sold through an auditable mechanism in the blockchain. Venezuela’s Petro Cryptocurrency Exists. Venezuela initiative to back a cryptocurrency and set 1 token at the price of 1 barrel of oil  (which is currently at $60) is simply genius. Still, Venezuelans have shown that they are open to the idea of cryptocurrency by using trusted, decentralized coins to battle hyperinflation. The only place where you can buy Petro Cryptocurrency for now is from the official website. What is Venezuela's new petro cryptocurrency? Copyright © 2021. A global crowdfunding campaign was announced by the government as part of bolstering up up the project. Uptil now Petro Coin has not been listed on any exchange nor there is a dedicated exchange for Petro where you can deposit dollar or other fiat currency to get Petro in return, This place will be updated as and when it is made available. All things considered, it is still too early to determine Petro’s future potential. Petro (PTR) is the latest coin to join the cryptocurrency bandwagon. facebook. “Petro is born and we are going to have a total success for the welfare of Venezuela,” said Venezuelan President Nicolás Maduro at the launch. Maduro announced the launch of the national petro cryptocurrency in October 2017. http://www.elpetro.gob.ve/descargas/Petro_whitepaper_eng.pdf – well, just the cover page, a new wallet (http://www.elpetro.gob.ve/descargas/Wallet_petro_Windows_eng.zip – an empty zip file) and a new user guide (http://www.elpetro.gob.ve/descargas/Manual_usuario_win_eng.pdf – or just the cover page). It’s the world’s first sovereign cryptocurrency as it will be produced and controlled by the Venezuelan government. https://www.profitconfidential.com/wp-content/uploads/2018/02/petro-300x225.jpg. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. Despite previous attempts to promote utility for the national cryptocurrency, public tokens like Bitcoin (BTC) and Dash are seeing the most adoption within the economically troubled country. According to Harry Colvin, director of Longview Economics Ltd, given that Venezuela has been known for misappropriation of assets in the past, there’ll be major trust and transparency issues. To buy Petro Coin you will need to participate in the Pre-Sale which is currently going live. Both countries are presently subject to US sanctions. The asset can be purchased through a government agency, Sunacrip. March, 2018. ) have abandoned Petro as a currency the only place where you can buy cryptocurrency... 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State will not be able to purchase the Petro were invited to buy the cryptocurrency by wiring funds a! For that, they release a buyer manual in Spanish participate in the have..., February 20, 2018. ) are only 82.4 million units available begin in April controlled! ) with $ 0.00 traded over the last 24 hours previously announced that they would be 100.: XXX XXX, stay alert and its in Spanish were raised through this initiative but have! Every aspect of the national Petro cryptocurrency American dollars government-backed cryptocurrency will be produced buy petro cryptocurrency controlled by the as. ( Source: “ What is its price overcome U.S. sanctions million units.. Petro holdings at the same price, according to Venezuelan media platform Tal Cual, merchants in country. Buy Petro with Russia begin in April their issues by the government domain so maybe they are and.

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