The Petro, the new Cryptocurrency of Venezuela
![](https://steemitimages.com/DQmdwKA7EWrMRDyhEZ1iyJGkBQ8676WZw15hRhEkq4HpZgf/imagen.png)
A HOPE
The cryptocurrency Petro is the only one in the world that is supported by physics with 5.342 million barrels of field 1 of the Ayacucho Block of the Orinoco Oil Belt.
HOW TO ACQUIRE IT?
Buy in the Initial Offer open to the participation of the general public.
By means of exchange of Petro ERC20 tokens acquired in the Presale.
In the secondary market once the Initial Offer process has ended.
Particularities of the Petro
It is not a virtual currency anymore. The petro has its peculiarities that distinguish it from other cryptonomedas: the most striking is that it will be the first cryptocurrency that is implemented by a government.
On the other hand, unlike the others, the petro will have a "physical backup", which are the reserves of the Orinoco oil, as the main base, as well as the gold and diamond reserves of the national mines, as well as gas.
Precedents
We said before that the petro would be the first virtual currency promoted by a government. But in fact Venezuela is not the first country that tries to implant a cryptocurrency: Russia, Dubai or Estonia had also announced that they would launch their own virtual currency. However, the motives that move them are very different: if in Venezuela the objective is to respond to a real problem and refloat the finances; in the others, on the other hand, it seems to be more a renewal to give the air of modernity, but without any asset as support.
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmeSNqcvjX5Mfwv84mWmMj6rvDysHNKJxUb81tyeYmqk2j/imagen.png)
The poor economic situation in Venezuela is not a new issue, and lately it has gotten worse. Nowadays, the country has a large external debt and has not been able to face all the payments that it should have made effective. And to make matters worse, his situation is further aggravated even after the US government has sanctioned him.
On the other hand, the IMF (the International Monetary Fund) foresees that Venezuela will end 2017 with an inflation of 652% and a decrease of 12% of gross domestic product.
Faced with this scenario so marked by the crisis, the experts have released very different opinions regarding the petro as a solution to these financial problems. The BBC asked for a couple of them.
On the one hand, experts such as Jesús Palau, professor at the Department of Economics, Finance and Accounting at ESADE, believe that it is not a very viable solution. First, because currencies, whether physical or virtual, always depend on the quality of the country where they are in progress. And at this moment the country (referring to Venezuela) is not at its best. And second, because he believes that these sources of support, such as oil, are now in the hands of others.
On the other hand, experts like Garrick Hileman, economic historian of the CFAC (the Alternative Finance Center of Cambridge), do consider that petro can be viable. He explains that such a cryptocurrency would be reliable and that, if managed properly, it could serve to solve a country's problem. Of course, it stands out in this sense that the management of the government should be above all transparent.
In any case, it seems clear that the petro would be a way to win both national and international investors.
![](https://steemitimages.com/DQmRZ8AMtk6h4FXfhfxGEccJFKEfT5VRP11zy1a4L1k51Nn/imagen.png)
I HAVE THE HOPE THAT VENEZUELA WILL RETURN TO THAT BEAUTIFUL COUNTRY BEFORE, BECAUSE A UNITED KINGDOM WILL JAMÀS BE MISSED
The images are simple and my authorship, developed in PowerPoint. If you want to give a suggestion, just comment ... If you liked to vote and in resteem to share it with other users.
SUCCESS FOR THE COMMUNITY
Excellent information, as always in your posts, success.
thanks to you for the support and here we are to clarify all your doubts. Blessings
thanks for such good information
thanks to you for the support. successful
Very important information, God willing and Venezuela to be as before
so will be friend @detropolla. Blessings
Check out these 6 crypto Airdrops to get some free Crypto!
https://steemit.com/resteem/@la2410/here-s-6-new-airdrops-get-your-free-cryptocurrency-today
Con el objetivo de promover el debido funcionamiento de la plataforma Steemit, la cual, apoya y fomenta la expresión de los usuarios que forman parte de ella, mediante la creación de artículos con un contenido original, te hacemos las siguientes sugerencias:
Si vas a elaborar un post, basándote en una información publicada en un determinado sitio web, debes indicar el link para ser localizado. Para mayor información entra en el siguiente articulo: Plagio textual, parcial o total de contenido ajeno. En el caso de esta publicación se detectó que el contenido se encuentra en este enlace.
Es importante que comprendas, que esto no tiene el objetivo de ir en contra de tu publicación, si no que tiene la función de que en tus contenidos posteriores a este, evites cometer el mismo error.
Si existe alguna duda sobre cómo puedes evitar el plagio y abuso te recomendamos leer las publicaciones informativas de @lince. Para cualquier aclaración los medios de comunicación son por correo a [email protected] o en los chats de discord y steemit.chat.