Venezuela started ICO of its national crypto currency...
The day before yesterday in Venezuela, the initial placement of the national crypto currency El Petro began. On its official page on Twitter posted a laconic message: "ICO has begun."
As part of this program, investors will be able to purchase over one hundred million tokens. A little more than 80 million of them have already been offered in the framework of the pre-sale of the crypto currency from the end of February to the end of March.
The price of one token is equivalent to the cost of one barrel of oil produced by Venezuela. To provide El Petro, the Venezuelan government has already allocated a special oil field.
The state is not going to stop there and wants to issue another crypto currency. It is planned that it will be provided already with precious metals. President of the country N. Maduro believes that it is the crypto business will help attract investors to Venezuela and withdraw it from the catastrophic economic crisis.
And we recall that earlier US President Donald Trump forbade his compatriots to work with Venezuelan crypto-currencies because the country must be under sanctions.
