Petro Pre-Sale Raised $735M, Venezuela Says

Venezuela has reported that the pre-sale of its oil-backed cryptocurrency, the Petro, has attracted $735 million on the first day
21 February 2018   256

Looks like first governmental tokensale is going great. Petro tokensaled raised $735M on the first day of sale. This is reported by News Bitcoin Com.

Petro Pre Sale
Petro Pre Sale

Totally 82.4 million petro tokens are offered for the pre-sale phase, as whitepaper details.

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.

Carlos Vargas

The Superintendent of Cryptocurrencies

As the Minister for University Education, Science and Technology, Hugbel Roa says the traffic to the petro website “quintupled with the global announcement of the pre-sale of the Venezuelan cryptocurrency,” shortly after midnight local time.

Venezuela had received $735 million in the first day of a pre-sale of the country’s “petro."

Nicolas Maduro

Prsident, Venezuela

Interesting information can be found in the Petro buyers manual.

The Blockchain launched by the Venezuelan State has robust security mechanisms since its programming elements are related to a technological platform called: NEM blockchain.

Petro Buyer's Manual

Looks like Venezuelian government chose NEM as a basis for it's token instead of popular Ethereum blockchain.

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   72

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208