Breaking News
Is 'Project Freedom' Just Another Trump Scam?
THEY LIED About the Water - THE WELLS ARE GOING DRY GLOBALLY
After Attack of Cargo Vessel, Trump Directs US to Escort Foreign Ships Through Hormuz
RED ALERT: "I Think That You're Gonna See Billions Dead At This Rate!"
Top Tech News
Robot Dives 1.5 Miles, Maps French Shipwreck With 86,000 Images And Recovers Artifacts
Brain-inspired chip could reduce AI energy use by 70%
CANCER HAS BEEN CURED
"This is the first synthetic species," microbiologist J. Craig Venter told 60 Minutes'
Humanoid robots are hitting the factories at an increasing pace
Microsoft's $400 Billion Mistake Is Now a $200 Phone With Zero Tracking
Turn Sand to Stone With Vinegar. Stronger Than Steel. Hidden Since 1627
This is a bioprinter printing with living human cells in real time
The remarkable initiative is called The Uncensored Library,...
Researcher wins 1 bitcoin bounty for 'largest quantum attack' on underlying tech
Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million
Venezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer's manual and confirmed that buyers can use "hard currencies and cryptocurrencies, but not bolivars."
Petro Pre-Sale Starts
The private pre-sale of Venezuela's oil-backed cryptocurrency, the petro, was scheduled for February 20 at 8:30 am (Venezuela time 04:00 UTC), according to the petro's whitepaper. However, at midnight local time on February 20, the government announced that the petro pre-sale had started and published a buyer's manual as well as an anti-money laundering (AML) compliance manual.
Petro's pre-sale launch event.
A total of 82.4 million petro tokens are offered for the pre-sale phase, the whitepaper details. The country's vice president, Tareck El Aissami, confirmed from Miraflores Palace on Monday, "The petro cryptocurrency tokens can be purchased by Venezuelan nationals as well as other foreign nationals."
The Superintendent of Cryptocurrencies, Carlos Vargas, was quoted by Telesur TV:
The presale and initial offer will be made in hard currencies and cryptocurrencies, but not bolivars…Our responsibility is to put (the petro) in the best hands and then a secondary market will appear.
Interested buyers can visit the Etherdelta platform to place private orders to the Ethereum address given by the Superintendent. However, at the time of this writing, no orders have been matched and no prices are displayed on the price chart. This could be due to technical glitches in the buying process such as a Javascript error which prevents users from completing their purchases.