New Venezuelan Crypto "Petro Gold" Announced

According to president of Venezuela, Nicolas Maduro, new coin will be backed by gold
22 February 2018   271

Two days after the beginning of "petro" presale, which already raised 735 million dollars, Venezuelan President Nicholas Maduro announced another crypto currency, provided with a resource of raw materials. This is reported by the Reuters

The new digital token will be called "petro gold" - instead of oil it will be provided with precious metals.

Next week I‘m going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro.

Nicolas Maduro

President, Venezuela

It is not yet clear which gold will support the "petro gold" - it can be either gold already mined or gold still lying in the bowels of the country. No details about the new currency, except that it will be launched next week, has not yet followed. However, this announcement is unlikely to help "petro" and the Venezuelan government, which is criticized literally from all sides.

In the "petro" many see a poorly thought-out solution aimed at stimulating the weakening economy of Venezuela, where the currency has been in free fall for several years, and inflation has reached 600%. Some financial experts even refer to Venezuela's "oil" crypto currency as a "trick" and "counterfeit currency."

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   40

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171