Petro (PTR) – Venezuela's oil backed cryptocurrency! Should you invest?

Well the oil is in the ground BUT are proven reserves by the OEC……so if you own say 100 thousand petros you could conceivably trade the barrels on the spot market. Also if they privatize the oil exploration, you could conceivably own part of the profits from that company.?

Sell petro

Communism is never a good investment

PETRO IS PEGGED TO THE PRICE OF OIL IT'S THAT SIMPLE MORON
BLOCKCHAIN WILL PREVENT
SPECULATORS FROM MANIPULATING CURRENCY

Saying Oil Backed Crytocurrency is a joke. It is not redeemable according to its own whitepaper. So why everyone repeats this fallacy?

olumsuz yorum yazanların petro aldığına eminim 😀

CAN'T invest if you're in the US. Trump just banned it. Trump & his pals will likely make a fortune off of it.

Figure out how to produce toilet paper first. Then we'll talk ?

Best explanation of this coin so far, thanks

Petro is backed by tangible asset.A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. (Oil)Bitcoin/Ethereum and any of its offspring are the opposite of a tangible asset is an intangible asset. Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.

What‘s backing any crypto?

now you can sign up on Binance exchange and get 10 free dollar for trading . Referral Link: binance.com/?ref=11587089

Dude there is no even need to read that white paper.That coin is created by a fucking DICTATOR…Anyone who is investing in to it is simply supporting that ass.

This comment section is full of Koch trolls. See attachment to see how they are working over time in Venezuela.https://www.youtube.com/watch?v=NDFW3OWUbEI

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Hey can you check out Digipulse? I think it has a lot of potential.

I have family living there now. Inflation is closer to 99.5% not 96%. The petro dollar is back by a government famous for printing money, screwing it's citizens and ignoring human rights. This is worse than bitconnect.

If that president was able to betrayed, kill and still his own people, he is not going to care about you.

No way I'm going to invest in a corrupt government who assassinates his citizens and blackout the media so the world doesn't see it.

I see a corny scam ?hands away

I respect your videos, but I feel you should not directly or indirectly (morally) support people to invest in a currency that is coming from a dictator himself. Investing in this currency is supporting the dictator and therefore reducing the chances of Venezuelan people to democracy. Period. – From a Venezuelen.

Even If it gives me 250% return, I would never buy it. Never support dictators and the world might be a bit better.

Men I saw that you used a website to see what was the devaluation of the bolívar. That value you saw there isn’t the reality . Actually in Venezuela they can’t not freely change their currency into other currencies like dollars, so that exchange rate you saw it’s rate issued by the government and almost no body , just a few people can access to that exchange rate that the government gives. The actually rate of the dollar it’s managed by a black market, that it’s the only way that average people can access to foreign currency. This exchange rate of the black market , its almost 10 times more expensive that the one given by the government.

Only thing I like about this is that NEM is being used for more projects, scam or not.

The preto my dear friend is made to perform the largest money laundering in the history of terrorism and drug trafficking. the international organized crime will use this platform at pleasure in exchange for oil and minerals without any control. It sounds exaggerated, but believe me, it's like that.

As a Venezuelan i tell you if you want to loose money invest it, if you want to support a comunist dictador go ahead, its not a simple Crypto its just a new bond to avoid international sanctions

Not to be touched with a 10ft pole.

i don't support this ico but petrol is physically in venezuela underground not in africa like your example says