17.6% will be stored in possession of Venezuela’s Superintendence of Cryptocurrencies and Related Activities (SUPCACVEN) El Petro’s minimum unit is called the ‘mene’ and equals 10-8 Petro.

VENEZUELA’S oil backed el Petro cryptocurrency aims to pull the failing country out of the depths of economic crisis. But what is Petro coin’s price and how can you buy it?

The petro, an oil-backed state cryptocurrency set to be released in both a pre-sale and an Initial Coin Offering (ICO), was first announced by Venezuelan President Nicolas Maduro in December 2017.

Canada sets higher-than-expected price for sale of its 19 percent stake in Petro-Canada; sets price at 64.50 Canadian dollars ($50.42) a share, 3 dollars higher than price estimated in prospectus ...

The government of crisis-torn Venezuela, struggling to overcome chronic liquidity shortages and burdened by US sanctions, launched the first government-backed cryptocurrency, the petro, earlier ...

The government of crisis-torn Venezuela, struggling to overcome chronic liquidity shortages and burdened by US sanctions, launched the first government-backed cryptocurrency, the petro, earlier ...

In a white paper, the government said it will release 100 million digital petro coins during the first year, with the initial 38.4 million expected to go on sale at a value of $60 per token.