Venezuela Invites OPEC to Develop Oil Crypto Platform

President of Venezuela Nicolas Maduro invited all OPEC countries to jointly develop a platform for trading oil-backed crypto-currencies
07 February 2018   484

Venezuela itself is preparing to pre-sell its own "oil" cryptocurrency "petro", which can be used to pay taxes, fines and utilities. This is reported by Bitcoin.com.

On Tuesday, at a meeting with Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Maduro invited all OPEC countries to unite and develop a platform for trading "oil" crypto-currencies.

OPEC Meeting
OPEC Meeting

PEC includes 14 countries: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.

I will officially propose to the OPEC and non-OPEC countries that we adopt a joint cryptocurrency mechanism backed by oil.we will also support our cryptocurrency with precious minerals from our land. I have explained to Mohammed Barkindo the goodness of the petro. The cryptocurrency is the world of the future. I am very excited as well as the people of Venezuela.
 

Nicolas Maduro

President, Venezuela

Venezuela recently published a "white book" of its "oil" crypto currency. Private pre-sale will begin on February 20, and then in March, the ICO of petro tokens will start.

Maduro confirmed that in addition to the "5 million barrels of oil" Venezuelan crypto currency will be provided "precious minerals from our land".

The Bolivarian Republic of Venezuela guarantees that it will accept petros as a form of payment of national taxes, fees, contributions and public services. The Venezuelan government is committed to promoting the use of petro in the domestic market and making efforts to stimulate its acceptance throughout the world. The State will actively assume the commitment to promote the adoption of petro, encouraging the growth of its national and international user base.
 

Petro Whitepaper

The Venezuelan manager on cryptocurrencies also shared new details about previously announced Petro Containers and stated that they are intended for "massification of mining farms in secondary schools, universities, university villages and other places with a large population".

Top Ongoing ICO 23rd - 29th September

Check these cool new ICOs: Modex, Coin Analyst, eLYQD, BitNautic, Pool of Stake, Tachain and Solidfied
23 September 2018   158

Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!

Current list for quick navigation Modex, Coin Analyst, eLYQD, BitNautic, Pool of StakeTachain, Solidfield

Ongoing ICO

Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.

1. Modex

Hype.Codes rate  92

Modex has built a Smart Contract Marketplace and a Blockchain Developer Tools Platform. Modex aims to become the go to place for developers looking to monetize their blockchain programming skills and increase their revenue, as well as companies in need of blockchain development services and ready-to-buy smart contracts.

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Sales dates: Sep 15th - 25th
Accepted currencies. Various
Cap 10577066 USD
Website and Whitepaper 

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2. Coin Analyst 

Hype.Codes rate  90

CoinAnalyst is an information and analysis platform for all cryptocurrencies and ICOs worldwide. Purchase and sale decisions can be made on the basis of valid data and intelligent analyses. This enables the user to identify opportunities and risks and react promptly and proactively to price fluctuations. The application thus creates a high degree of transparency when it comes to operating in this new and volatile market.

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Sales dates: Jul 7th - Oct 31st 
Accepted currencies. ETH
Hard cap 20M EUR
Website and Whitepaper 

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3. eLYQD 

Hype.Codes rate  89

One of the main features of eLYQD is the use of blockchain technology, which allows making the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction and business costs, and simplifying of the purchase process.

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Sales dates: Jul 9th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $15M
Website and Whitepaper 

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4. BitNautic 

Hype.Codes rate  85

BitNautic is a decentralized platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters. BitNautic comes with distinctive features like AI (Artificial Intelligence) based booking system, a real-time tracking of ships and cargo, and a wholesale e-commerce platform.

Vote for this ICO

Sales dates: Jul 11th - Sep 30th 
Accepted currencies. ETH, BTC, LTC, ZEC, BCH, DASH, DCR, XMR, Fiat
Soft cap 5k ETH
Hard cap 50k ETH
Website and Whitepaper 

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5. Pool of Stake 

Hype.Codes rate  80

Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments. In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains.

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Sales dates: Jul 20th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $8M
Website and Whitepaper 

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6. Tachain  

Hype.Codes rate  79

Tachain provides comprehensive ad targeting system for advertisers while maintaining full security and effectiveness of a full scale transportation app. With our functionalities in play, we are in a position to steer toward our mission of providing a valid and secure blockchain based service full of fun and joy to our users.

Vote for this ICO

Sales dates: Jul 23rd - Dec 31st 
Accepted currencies. ETH
Soft cap $2M
Hard cap $10M
Website and Whitepaper 

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7. Solidfied 

Hype.Codes rate  80

The future will be built on smart contracts. Smart contracts are only as secure as the code they are written in. As they are immutable after release, they need reliable security due diligence to earn companies and users trust and value. With 200+ code experts and 400k ETH of market cap. secured, Solidified is the market leader in smart contract security already. We know the market and its bugs. It's still fully centralized which allows for fraud and hacks and bad or lazy work hardly has consequences for the auditor. We can fix this. Introducing the first decentralized audit system & Bug Prediction Market! Actors can stake on whether a vulnerability will be discovered in a smart contract by a certain date. The basis for such a market is a smart contract that has been audited and secured by an individual or a group of auditors using the Solidified platform. These actors are held accountable for securing the code by having staked income and reputation in the form of the Solid Token.

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Sales dates: Jul 23rd - Oct 23rd
Accepted currencies. ETH
Hard cap 36k ETH
Website and Whitepaper 

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