"Venezuelan cryptocurrency on the first day of sales raised $ 735 million and is switching from Ethereum to NEM
Preliminary sales of the cryptocurrency El Petro, launched by Venezuela, on the first day reached $ 735 million. Who became the investor of this project is still unknown. Although the release of the token was originally planned on the Ethereum platform, now the Blockchain El Petro will be the Chinese NEM platform.
President of Venezuela Nicholas Maduro has already stated that Venezuelan companies PDVSA, Pequiven and CVG should make part of their transactions in the national cryptocurrency. It will also be able to pay tourists.
Under the order of Maduro, 100 million El Petro tokens, provided with Venezuelan oil at the rate of one token per barrel, will be produced. The main goal of creating its own cryptocurrency is to circumvent the economic sanctions imposed by the United States."
Hmmm surely at the ver least it will be the price of oil good luck funky monkey with your endeavours... am still accumulating....but not Bitcoin
