PETRO (PETR) Token Tracker on Etherscan shows the price of the Token $0.0000, total supply 21,000,000, number of holders 2 and updated information of the token. This means the entire Petro issuance would have a value of $6 billion according to current crude prices. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. However, Jiménez thought that creating the petro token was an excellent idea to give Venezuelans “a measure of freedom” by bypassing U.S. financial sanctions. 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. Closure date : Until the Petros of the first emission are exhausted; Petro’s Distribution. ... Poolin Debuts an ERC-20 Token to Contribute into the DeFi Ecosystem, Featuring a Yield Farming Protocol. Today's value and price history. It also established a cryptocurrency government advisory group called VIBE to act as "an institutional, political and legal base" from which to launch the petro. Both values are significantly higher than the average monthly wage in Venezuela, which is around $4. The live PetroDollar price today is $0.017923 USD with a 24-hour trading volume of $0.000044 USD. The token tracker page also shows the analytics and historical data. Find out the latest Petro (PTR) price, market cap, charts, news, compare crypto assets and other data on COIN360. The 0.5 Petro bonus given by the government is priced at $60 by the government and $8 by the free market. You should conduct your own research, review, analyse and verify our content before relying on them. In fact, the value of the petro token sale, if it hits its cap, will almost equal the total revenue generated in 2017 from initial coin offerings. View the Petro (PTR) price live in US dollar (USD). On 5 January 2018, Maduro announced that Venezuela would issue 100 million tokens of the petro, which would put the value of the entire issuance at just over $6 billion. 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. One Petro will cost 3,600 new bolivars (formerly 360 million as per old bank notes). Find price of Petro (PTR) in USD and other fiat currencies of the world. People can also use the app to track their crypto holdings and see price changes. To receive alerts, please allow web browser notification permission. Oil, due to its use in manufacturing, transport and energy production, as well as variable and limited supply, has a strong impact on the global economy, making it one of the fastest changing markets. What is the price of Petro Coin? The pillar of this project is the existence of Petro as a state-supported digital coin backed by natural riches of its native country. PETROLEUM Ethereum -based ERC-20 token is a convenient and instant way to store, buy, sell or transfer investment. Top Gainers Best performing cryptocurrencies over the last 24 hours. >>Facebook Bans Cryptocurrency Ads Due To Frequent Fraud As part of the offering, Venezuela intends to make 100 million Petro tokens available, with each token being backed by one barrel of crude. Crude oil offers high liquidity and excellent profit opportunities under virtually all market conditions. The announcement was made by the country’s President Nicolás Maduro that revealed that every eligible citizen would be receiving 0.5 Petro tokens in the giveaway. The initial pre-sale of the token offered it in exchange for hard currencies and other virtual tokens - but not the embattled Venezuelan bolivar. You will receive an email with instructions on how to reset your password in a few minutes. New Cryptocurrency Newest crypto coins and tokens added to … With the price of one PTR provisionally fixed at $60, to correspond with a barrel of oil, Venezuela’s tokens are more expensive than even the $50 Bitconnect X is seeking in its current ICO. Market Cap: $266b. Check out our petroleum token selection for the very best in unique or custom, handmade pieces from our shops. Petro’s developers see it as a tool to“revolutionize the world economy” and a project that will use blockchain technology to bring about an end to the centralized financial hegemony and help the countries build a “multipolar world”. Price Alert Successfully Saved! Any transactions associated with this coin will also be removed. EXNCE is the current most active market trading it.. PETROLEUM Ethereum -based ERC-20 token is a convenient and instant way to store, buy, sell or transfer investment. Crypto Prices Live cryptocurrency prices, market cap, volume, supply, and more. Tokens can be bought on exchanges such as Bittrex and Binance. PETROLEUM price today is $104.27 with a 24-hour trading volume of ?. CoinGecko may be compensated when you sign up and trade on these affiliate platforms. High Initial Value: According to the President of Venezuela, the PETRO in its first days will be issued at a price of $59, again in a break with the rest of the crypto industry where coins and tokens are usually released through ICOs at very low prices usually sub-dollars or even sub-pennies at other times. Venezuela initiative to back a cryptocurrency and set 1 token at the price of 1 barrel of oil (which is currently at $60) is simply genius. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We're indexing our data. Per the (government-run) petro calculator, a single petro token will currently cost you precisely USD 58.71. Petroleum represents a privileged investment that allows investors to speculate on the price of a barrel of oil. Furthermore, the minimum wage will be increased 60x to ensure that ordinary people have sufficient funds to live. Whether or not this Petro Crypto will take the order of the day in Venezuela and eventually the world in terms of being an asset has been subject of predictions. Petro tokens could be … Venezuela Yogita Khatri Nov 9, 2018 EXNCE is the current most active market trading it. Interested to stay up-to-date with cryptocurrencies? Lets dig deep and see if this coin has an potential and where one buy it what this coin proposes … PTR token is trading on 10 active markets with the 24-hours volume of ? However, several cryptocurrency exchange platforms reveal that the token price has never exceeded twenty-six US dollars ($26) so far. Crypto.com has an app for Android and iOS to manage one’s cryptocurrency balances to be used with the Monaco Visa card. Anomaly - Trading price is an outlier against the average. It was aimed at providing alternative […] Pre-Sale : 38.4%; Initial offer : 44.0%; Initial Funds distribution. Venezuela today announced that it will be pegging pensions in its Petro Token … Leader in trading volume PETRO is the exchange BitMart. These tokens will be created on the Ethereum blockchain. Discover info about market cap, trading volume and supply. Venezuela Decides to Tie In New National Currency with Local Cryptocurrency Tokens. The petro was first announced in early December 2017 by President Nicolas Maduro as a way to circumvent U.S. sanctions, amid an economic crisis and a plunge in the value of the bolivar. The idea was 1st formulated by the Pres of the country in December 2017. When the price hits the target price, an alert will be sent to you via browser notification. Petro Coin (PTR) also known as EL PETRO will be the first government backed Cryptocurrency based on ERC20 Ethereum Token. The Petro is a cryptocurrency issued by the government of Venezuela. Top Losers Worst performing cryptocurrencies over the last 24 hours. For more details, please refer to Clause 12.2 of our privacy policy and Clause 5.2 in our terms of use. Venezuela Faces Many Economic Challenges The distribution of Petro tokens highlights the economic challenges faced by Venezuela. 5 min read. About PETROLEUM Coin. [2] This website uses cookies for functionality, analytics and advertising purposes as described in our. Come back later! And by “manipulation” I mean they have to stop “decreeing” the value and expressing different Petro prices. Reserve Proposes Customers to Use Their Business Zelle Accounts to Process Payments, Venezuelan's Still Flock To Cryptocurrency Despite The Failure of The Petro, Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service Providers, Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’, Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation, Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token, Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis, Another crypto firm hit with fines for violating U.S. sanctions, Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’. Currently, the Maduro administration claims that the price of one Petro is close to sixty US dollars ($60). Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Trade Bitcoin with 100x leverage on No.1 Online trading Platform! Petrotoken Pre-sale Launched by Venezuela: The Venezuelan government has finally launched the resale of its cryptocurrency. PETRO today is 12.970$ with a 24-hour trading volume of 54 364$. This raw material is, in fact, extremely volatile, which favors large price differences, even in the short term. You will receive an email with instructions for how to confirm your email address in a few minutes. Tokens for sale: 100 000 000 PTR: Token price: 1 PTR = 60 USD Airdrop program: No: Bounty program: No: Have escrow agent: No: Have working prototype: No: White paper: Open: Currencies: ETH: Platform: Ethereum: Location: Venezuela: Website: https://www.petro.gob.ve: Links: As such, Petro can be arguably described as a “politicized” cryptocurrency since its goals go beyond meeting the users… PETROLEUM price today is $80.72 with a 24-hour trading volume of ?. Although it may seem like a small amount the giveaway is being conducted on a … No content on our Site is meant to be a solicitation or offer. Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year. Find price of Petro (PTR) in USD and other fiat currencies of the world. In recent reports, Venezuela has decided to take on a new national currency.The former currency, known as the bolivar, will be replaced with a type currency that will be tied into the cryptocurrency token called Petro. The Venezuelan government rates the Petro at 3,600 sovereign bolivars which is $60 under the new exchange rate and that is the known Petro Cryptocurrency Price. Nevertheless, a stable token would help a lot because the government couldn’t make inorganic emissions of money. supply is not available. PETRO price is -16.9122% down in the last 24 hours. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Each Petro will be backed by a barrel of oil and will be sold at the same price, according to the government. Any use or reliance on our content is solely at your own risk and discretion. Get detailed information on Petro (PTR) including real-time price index, historical charts, market cap, exchanges, wallets, and latest news. The token tracker page also shows the analytics and historical data. Didn't receive confirmation instructions. Petro (PTR) Price, Chart, Value & Market Cap | CoinCodex Total Market Cap: M. Cap: $ 2.52T (4.9%) It has a circulating supply of 63,993,275 XPD coins and the max. Lowest cost PETRO is recorded on the crypto exchange BitMart. Venezuela will be conducting a Petro airdrop giving Petro to every eligible citizen in the country. It has a circulating supply of 0 OIL coins and a max supply of 2 Trillion. Other measures included in the program incorporate an increase in Value Added Tax (VAT) from 12% to 16%. Links on this page may contain affiliate links. Technological development : 15.0%; Ecosystem development : 15.0%; PTR Project : 15.0% USD. Office responsible for; Cryptoassets management : 17.6%. Market Overview Total crypto market cap, volume charts, and market overview. The petro token has been highly controversial. Also, it is the 1st cryptocurrency which is being launched by a country. Petro Airdrop. I think if they abandon the manipulation in regards to the Petro and educate the public, there could be more stability. Add our heatmap to track cryptocurrency market prices. PetroDollar is up 6.70% in the last 24 hours. The current CoinMarketCap ranking is #1716, with a live market cap of $1,146,983 USD. Please allow notification to receive alerts, Last Updated: 2021-05-17 19:33:05 UTC (2 days ago). It has a circulating supply of 0 OIL coins and a max supply of 2 Trillion. Keep track of your holdings and explore over 10,000 cryptocurrencies. It is on the #3209 place among all cryptocurrencies. Petro (PETRO) Token Tracker on Etherscan shows the price of the Token $0.0000, total supply 3,680,772.956505, number of holders 49 and updated information of the token. 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