The current coinmarketcap ranking is 1432, with a live market cap of 1,393,303 usd.
Get detailed information on petro (ptr) including real-time price index, historical charts, market cap, exchanges, wallets, and latest news. Petro (ptr) price, chart, value & market cap coincodex total market cap m.
On sunday, as reported by the bbc, venezuelan president nicolas maduro unveiled petro, a new kind of cryptocurrency which would be supported by commodity reserves. According to reuters, maduro made the announcement during a christmas television special, stating that the as-yet-to-be-launched cryptocurrency would be backed by oil,.
the supposedly crude oil-backed venezuelan petro (ptr) cryptocurrency is retaining a value of almost 59 according to the official government calculator, diverging far from the current market price of about 27. The petro is meant to represent the value of one barrel of crude oil.
Following mondays declaration, the venezuelan government distributed a new whitepaper for the petro. Venezuela makes petro crypto a national currency, distributes new whitepaperin differentiation to the past whitepaper, the new form expresses that the petro is utilizing dashs x11 mining algorithm for evidence of work, and in addition a staked masternode framework for confirmation of stake check.
at current prices (62 a barrel) 100 million petros could help raise around 6bn. The government argues this could help venezuela pay part of the countrys obligations.
the veb is the currency abbreviation for venezuelan bolivar, which was the currency for venezuela from 1879 to january 2008.
many crypto enthusiasts denounced el petro because it required trust in the venezuelan government to honor its legal promises to allow extraction of the oil.
02 usd on the chart is for the first 120 liters a month only for people with a valid fatherland card. Also, the price listed on this page is the official gasoline price.
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