Venezuela plans on Petro

Venezuela plans on Petro

The Petro, oil-backed cryptocurrency is intended to be accepted as a mode of payment for fees and taxes. It is likely that the public workers will be paid in cryptocurrencies. It is revealed that out of 100 million Petros, 38 million will be distributed among the institutional investors during the pre-sale which is set to begin on 15th February. Another 44 million will be made available to the general public and the balance will be given to the panel that had worked with the development of the token.

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