On Tuesday night, the president of the Bolivarian Republic of Venezuela Nicolás Maduro, wrote on his Twitter account that the cryptocurrency the petro, had reached 735 million dollars in its first presale. Reuters and The Associated Press said the mature president offered no support for the aforementioned figures.
First presale of the petro increases the expectation
''To big troubles, big solutions! From the first minute the game started well, and we started winning: 4.777 billion yuan or 735 million dollars is the initial result of Petro's purchase intention operations. Thus, the president of Venezuela expressed on his Twitter account on Tuesday.
Legacy at this point, Maduro mentioned bullish figures about the intention to buy the petro; which can overcome the sanctions imposed by the government of the United States.
Presale of the petro opens the way to the initial offer of a cryptocurrency
The pre-sale of the petro, was launched on Tuesday, February 20, it is estimated that for the month of March will be available for sale on the Exchange platforms that allow it. "Today a currency is being born that can face SuperMan," said the mature president according to Reuters.
There is still a lot of uncertainty as to how the petro will be marketed in international markets. Many questions are open. What we know about the Petro, the Venezuelan cryptocurrency, is that it is part of the BlockHair of Ethereum and will be backed by the natural resources of the South American country.
The critics of the subject, assure that this is a completely illegal measure and outside the law. Since, it will serve as a bridge for money laundering and illicit activities. Either way, it seems like a good initiative to overlay Venezuela's financial situation.