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Venezuelan President: Petro Cryptocurrency Earned $5 Billion During Pre-Sale

Venezuelan President: Petro Cryptocurrency Earned $5 Billion During Pre-Sale

The president of Venezuela, Nicolas Maduro said Petro cryptocurrency had raised $5 billion during Pre-ICO. He also noted that this cryptocurrency had strengthened the country’s international reserves.

The Petro, the world’s first national cryptocurrency developed by the government of Venezuela made available in pre-sale through an ICO. Formerly, Venezuelan president Nicolas Maduro said that it had boosted $735 million on its first day, and now disclosed that ICO ended up reaching nearly $5 billion.

Nicolas Maduro said,

“I was looking at the numbers of the Petro, and there are thousands of offers. We have in our hands over 5 billion U.S. dollars, offered in the presale of the Petro in barely a week.”

He felt very pleased and optimistic about this outcome.

Further, he added

“The Petro is part of the path of economic solutions from here to the future.”

The information disclosed by Venezuela’s Superintendent of cryptocurrency, Carlos Vargas. It shows that more than 83,000 individuals all over the world have participated in the sale.

Speaking with the United Socialist Party of Venezuela, President stated that the raised capital would be used “to buy everything our country needs, it is part of the economic solution.”

The states cryptocurrency was publicly active for pre-sale on February 2018 is using to counter the US. It requires consents and the economic war waged by Washington on the South America country. The president also asserts that this cryptocurrency aims to fortify the monetary sovereignty of the nation.

Tareck El Aissami, Venezuela’s executive vice president, declares that the digital currency would be distributed to national producers via official currency exchanges.

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Sara Noah

Sara Noah is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.