Venezuela: 82.4M Units of Petro Cryptocurrency Available

The Venezuelan Government has officially announced the pre-sale of the Petro (PTR) cryptocurrency – the first commodity-secured currency of its kind in the world.

President Nicolas Maduro previously announced that the value of the entire Petro issuance of 100 million tokens would be just over US$6 billion. The cryptocurrency, which will be backed by the oil resources of the country, aims to begin a new economic era in the nation.

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