The "PETRO" is officially up for sale through PRE-ICO.
SUMMARY
Website: http://www.elpetro.gob.ve
Type: Pre-ICO
Category: Governance
Goal of funding: 2.088.000.000 USD
Tokens for sale: 100.000.000 PTR
Token price: 1 PTR = 60 USD
Have escrow agent: No
Have working prototype: No
White paper: Open
Currencies: ETH
Platform: Ethereum
Location: Venezuela
The Petro will be a cryptocurrency asset that is backed by the oil assets of Venezuela and issued by the the Venezuelan State as an independent, open and transparent digital economy. It is also seen to serve the additional purposes of a platform for fair growth and a fairer financial base and a system to help autonomy and trade between emerging economies.
Petro seems like a good buy until I read all the negative about it. I am on the fence.