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Petro (PTR)

ICO

Petro is a sovereign crypto asset backed and issued by the Venezuelan State.

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Overview

Project industryFinance Services & Banking
Product typeCryptocurrency
FoundedVenezuela

What is Petro

Venezuelan oil assets will be used to promote the adoption of crypto assets and technologies based on the country´s block-chain. The State shall promote the use of Petro with the goal of consolidating it as an investment option, savings mechanism and means of exchange with State services, industry, commerce, and citizens.

Petro token (PTR) will have three main uses:

  • As a cryptocurrency PTR may be used to purchase goods or services and will be redeemable for fiat money and other crypto assets or cryptocurrencies through digital exchange houses.
  • As a digital platform it can perform the functions of digital representation of goods and/or raw materials (e-commodity) and the creation of other digital instruments for national and international trade.
  • As a savings and investment facility the token will be available for exchange in electronic exchange houses and will have the necessary characteristics to carry out direct exchanges (Atomic Swaps) in accordance with the Venezuelan legal framework.

Each token will be divisible by 100000000 units. The minimum exhange unit will be called Mene and will be equal to 0.00000001 PTR.

Details

Pre-sales: Feb 20, 2018 - Mar 19, 2018
Public sales: Mar 20, 2018 - Apr 20, 2018
Pre-sale token supply: 38400000
Token supply: 44000000
Hard cap: 5,000,000,000 USD(fiat)
Raised: 735,000,000 USD

Legal

Blockchain Platform: NEM
Registration country: Venezuela

Token info

Ticker: PTR
Type: Cryptocurrency
Token standard: No
Token price in USD: 1 Token = 60.000000 USD
Accepted currencies: EUR, BTC, XEM, ETH, RUB, CNY, TRY
Bonus program:
0-3.4M - 42.9%
3.4M-8.4M - 37.9%
8.4M-13.4M - 33.3%
13.4M-18.4M - 29%
18.4M-23.4M - 25%
23.4M-28.4M - 21.2%
28.4M-33.4M - 17.6%
33.4M-38.4M - 14.3%
38.4M-43.4M - 11.1%
43.4M-48.4M - 8.1%
48.4M-53.4M - 5.3%
53.4M-58.4M - 2.6%
Token distribution:
44% - ICO
38.4% - Presale
17.6% - Cryptoasset management office
Funds allocation:
55% - Sovereign Fund
15% - Technological Development
15% - Ecosystem Development
15% - Petro Project

Petro Roadmap

1
Dec 2017

- Add compatibility with Classic Ether Wallet.
- Start a Medium blog in Spanish teaching as use Petro to buy/sell goods and services. Education is our best weapon.

2
Jan 2018: After this crowdsale

- Bitfinex as the first exchange for Petro.
- Didactic mobile to teach Ethereum ecosystem and how to use Petro. (First version will be for Android only)

3
Feb 2018

- Join Yobit or HitBTC exchanges.
- Start research to launch Petro as a Monero fork coin. All investors will receive the same amount of Petro in the new blockchain.

4
March 2018

- Publish Petro Coin Whitepaper.
- Launch Petro Coin testnet.

5
Apr 2018

- Launch Petro Coin main net.
- Join to Bittrex or HitBTC.

6
Q2-Q3 2018

- Launch a web-based wallet and browser extension compatible with Petro and Monero.
- Publish extensions for Prestashop, Magento, Woocommerce to receive Petro.
- Get more exchanges.

Social media

Petro web-sitePetro TelegramPetro InstagramPetro BTCTalkPetro TwitterPetro Facebook

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