First, the petro itself does not have any value since it is not traded on any cryptocurrency exchanges, according to the Reuters investigation. If Coin A has a significantly higher market cap than Coin B, this tells us that Coin A is likely adopted more widely by individuals and businesses and valued higher by the market. The Petro is a cryptocurrency issued by the government of Venezuela. However, contrary to other altcoins’ boast of decentralization, the production and distribution of Petro are controlled by the Venezuelan government. 2 years ago. "won't be defined by market speculation, which often provokes large up-and-down fluctuations. Founders: Мараховка А.В., The petro (₽), or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela. The Petro launch will be divided into two stages: a Pre-sale and an Initial Coin Offer (ICO). positive result. Thanks to us, you will be notified about the latest tendencies in the chosen cryptocurrency market! Would like to know the latest PETRO price? Subscribe to Neironix News, rating updates and other new features. have up-to-date information at hand. Reuters, for example, conducted an investigation in which they apparently discovered that there were no signs of Petro. 2 years ago. Crypto market cap matters because it is a useful way to compare different cryptocurrencies. Venezuela’s Petro Cryptocurrency Exists. Maduro has claimed 100 million tokens were to be issued and has since made it an official alternate currency in the country. Since yesterday this crypto showed the change in the price of ? Issued by the Federal service for supervision of communications, information technology and mass communications. Ахмиджанов Д.Р., The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. Ten Best Places to Spend Your Bitcoin This Holiday Season. At NEIRONIX, we collect and provide any valuable content on it It’s the world’s first sovereign cryptocurrency as it will be produced and controlled by the Venezuelan government. Last week, we also witnessed the opposition party in the Venezuelan parliament denouncing the oil-backed cryptocurrency known as Petro Coin that President Nicolas Maduro recently introduced. Petro is made with the aim for Venezuela to have acces to international financing despite sanctions. Do you have any questions? . According to Maduro, the pre-sale was a big hit, as the country’s oil-based cryptocurrency is believed to have raised over billion dollars. Petro (PTR) is the latest coin to join the cryptocurrency bandwagon. The Petro coin's market presence is reportedly limited to 100 million tokens, valued at approximately $6 billion. Please contact us by email: © 2021 "Neironix.io" network edition. Venezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. Venezuela’s Petro: Stable Coin For Crypto-Economy Or Illegal Oil Futures? and get a full analysis of its falls and growth during the appropriate period. market cap shows the collective value of all sold coins, low/high value demonstrates the minimal and maximal value The petro's price will be related to the international price … Presale The Pre-sale will start on February 20, 2018, and will consist of the creation and sale of smart-asset on the NEM blockchain platform. Tracking of cryptocurrency markets has become even more convenient with our application. A global initial coin offering (ICO) is expected to take place in late 2018 and to be up to US$700 million in size, one of the largest ICOs to date, Signal Capital Management said. editorial phone: +79825071222. 18+. PTR token is trading on 10 active markets with the 24-hours volume of ? Firstly, everybody can get acquainted How to Invest in Petro With locations from Maine to Virginia, give us a … If you have any problems with the system, please describe the problem in the form below, or send your question to: It is the collective value of all released coins, The total value of transactions on all stock exchanges on this coin in the last 24 hours, The minimum value of one coin among all stock exchanges in the last 24 hours, The maximum value of one coin among all stock exchanges in the last 24 hours, 0x59b5DAefeb9126f1F08827778e6CD41cBbf61c71. Several virtual currencies claimed to be back by the dollar, but backing Venezuela’s Petro coin is crude oil. Petro is backed by the oil reserves of Venezuela and is build on the NEM blockchain. The government expects to circulate 100 million tokens in total, in a bid to generate over $6 billion. It is backed and subject to the price of a barrel of oil in Venezuela. Additionally, no shops were using it and the town where the oil reserves to back the coin were going to be extracted seemed empty. As of August 2018 it does not appear to be used as a currency. Secondly, you are able to look through the following important aspects: We are your total comfort services provider, here for you 24/7. ... Petro Coin: The First National Digital Currency. The coin was issued through an Initial Coin Offering (ICO) and was sold back in October 2018. Crypto Daily News: Petro-Backed Coin Takes Over Venezuela The Venezuelan president, Nicolas Maduro, just made a major announcement that his country will be replacing its national currency. If you keen on PETRO price chart, we offer it – just choose the period you need (from 1 day to maximum) with PETRO price today – these data are renewed with a high speed as we appreciate your wish to 2 years ago. Petro coin. Petro would provide a means to exchange the country’s currency with others. PETRO price is 10.8216% up in the last 24 hours. JANUARY VOL. Mr. Jiménez opted to base the Petro on Ethereum, Bitcoin’s leading competitor, which would allow it to trade in the kind of free, publicly visible market that was otherwise forbidden in … Location Updates. Petro Home Services covers everything from heating oil delivery to propane, plumbing, AC installation, generators, natural gas, appliance repair, and more! Citizens now use Bitcoin, Petro and other digital coins to shop, process passports, buy oil and gas, and pay pensioners, according to CoinIdol, a world blockchain news outlet. The PETRO is rumored to have a market capitalization of over $260 billion on release which will make it the biggest cryptocurrency by market share and finally dethrone Bitcoin at … Conclusion. SATURDAY. They would have to use a decentralised coin already on the market such as Bitcoin – but again this is unlikely to happen. As of December 2018, the official wallet on the currency’s website is still unavailable. Чичеров А.В. Editor-in-chief: Худяков Э.А, e-mail address: Ie@neironix.io, Coins 7.765 +16 Market Cap $1.187.355.330.863 4% Learn More The Venezuelan petro is unlikely to become a mainstream cryptocurrency. Keep track of your holdings and explore over 10,000 cryptocurrencies. Венгерец А.В., convenience! Cryptocurrency market capitalization is This site uses cookies. Худяков Э.А., Инвестиции связаны с риском потери всех инвестиций. O… The value of the coin is supposed to be backed by the country’s oil reserves, but details about the coin and its inner workings are scarce. PETRO today is with a 24-hour trading volume of . This process will promote and guarantee demand for Petro’s Initial offering, which will be carried out later. Australia based hybrid cryptocurrency exchange. Mainly based in the huge oil reserves that some countries like ours have. Leader in trading volume PETRO is the exchange BitMart. Lowest cost PETRO is recorded on the crypto exchange BitMart. BTC is currently trading at ~$8,540, up ~1.8% over yesterday. Certificate of registration of mass media: ЭЛ № ФС 77 - 77144 by 08.11.2019. And the US is the culprit to have broken the reference to the gold standard. For instance, it has been encouraging its citizens to use Petro to bypass the hyperinflation caused by the trade and economic sanctions imposed by the USA. The value of the coin is supposed to be backed by the country’s oil reserves, but details about the coin and its inner workings are scarce. Nearly all of the top 15 cryptocurrencies are trading in the green today, and the total crypto market is sitting just above the $300 billion mark. ]a … The Petro is a cryptocurrency issued by the government of Venezuela. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report. Blockchain Consortium as Blockchain Ecosystem Evolution Element. Thus, you won’t have a question: ‘How much is a PETRO worth?’ All data are thoroughly analyzed and presented for your We invite you to the world of PETRO value, by giving a real comprehension of its prospect and worthiness! The benefits that cryptocurrencies can provide are nullified if a central authority such as a government or bank can control it. Purchases of Petro can be allegedly made with cash by having the buyer visit the premises of the Venezuelan National Superintendence of Cryptoassets and Related Activities (SUNACRIP), or by going to the Petro’s official website. perspectives. Another crypto firm hit with fines for violating U.S. sanctions, Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’, Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week, TNABC Miami’s Eighth Annual Conference Goes Virtual, Event Underscores Technology’s Important Role, Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro, $500K Bitcoin Donation Funneled to Groups Involved in US Capitol Riot: Analysis, BitGo settles with US Treasury over 'apparent' sanctions violations, Canadian Company Mojo Invests $1.5 Million in Bitcoin, Plans to Allocate More Next Year, Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund, Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro. Here is it as well as other useful data xtmm HUNT'S MERCHANTS' MAGAZINE, REPRESENTING TIIE INDUSTRIAL AND COMMERCIAL INTERESTS OF THK TTNITED STATES. Due to NEIRONIX, you will be aware of all the latest news. If you need more information, please visit the. To add to it, NEIRONIX disposes of topical about this kind of cryptocurrency. PTR. Proof-of-Utility for ICOs. Sadly, you’ve exceeded the limit of adding to favorite. Just like in another time, to emit currency, said emission had to be sustained in gold. Trade Bitcoin with 100x leverage on No.1 Online trading Platform! The Crypto Exchanges Trading Market and Its Challenges. Petro is believed to be Venezuela’s first move towards getting the country out of […] Upon its launch in October, Petro was available for purchase with fiat currencies which included dollars, yuans, euros, rubles and rupees, with supported cryptocurrencies being Bitcoin and Litecoin. New coins: - Over the weekend, total market capitalization dropped from ~$238.8 billion to ~$233.6 billion, with most coins seeing losses in the ~1-5% range. news about PETRO current rate and its possible changes, current PETRO value with future forecasts and growth Venezuela launches Petro Coin today – almost 84 million tokens are initially available for sale. President Nicolas Maduro has finally confirmed that the country’s cryptocurrency, Petro will be listed on 16 crypto exchanges. Existing circulation, market capitalization, volume of transactions and more details of Petro. Starting in late 2017 Venezuela’s President Nikolas Maduro began expanding heavily into media space in an attempt to promote a new payment instrument– the government-issued cryptocurrency Petro.. On Feb. 20 the pre-sale of Petro was launched and has already raised $735 mln, according to Maduro’s Twitter. Browsing the site, you agree to the use of cookies. Please visit our Location Updates page for more information regarding closures, outages and restaurant reopenings. Ever since Maduro’s announcement, the Petro has been a controversial cryptocurrency. Подробнее: https://trade-smart.currency.com/adsinfo/. The price of Petro (PTR) is ?USD, market capitalization is ?USD with the circulating supply of ? of 1 coin among other stock exchanges, and volume is the total value of transactions on stock in a day. such as 1 PETRO to USD so that you could make a favorable investment and have a The Petro is a marvel and a miracleThe post Venezuela to sell oil and gold for petro cryptocurrency appeared first on Coin Rivet. Of registration of mass media: ЭЛ № ФС 77 - 77144 by 08.11.2019 INDUSTRIAL COMMERCIAL... Useful data about this kind of cryptocurrency petro coin market control it yesterday this crypto showed change. You agree to the gold standard became a Venezuelan national currency, said emission had to be used a! 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