It will be a coin supported by a market. There are many like that even the not too famous Pot Coin. There are, as now, Cryptocurrencies: 1384 / Markets: 7540
Market Cap: $827,531,880,944 / 24h Vol: $46,449,067,514 / BTC Dominance: 34.7% (Few months ago, it was above 50%).
RE: Oil Backed Cryptocurrency - Venezuelan President Issuing First 100 Million Petros