#2 Venezuela - Petro Coin as a new cryptocurrency ??

1. Basic informations

Emission of Petro Coin has begun in February 2018 y. In the assumption 1Petro Coin = 1 barrel of Venezuela's oil.

1 barrel ~~ 76 USD

•  The value is about 5.9 billion dollars.
•  100 million units of cryptocurrencies

         2. Connections with Russia

It is said that the emission and the logistic preparation is being led by Russian government....

I won't say any about that aspect, many of specialists say that the new currency will only secure the Venezuela's government.

In my opinion the most important aspect based on helping citizens of Venezuela by fixing the economic situation.