After the launch of the Venezuelan government-backed cryptocurrency the Petro on Feb. 20, President Nicolas Maduro has already hinted at second government cryptocurrency soon to be released, according to government-sponsored news outlet TelSsur.
This time, the government-backed cryptocurrency will be backed not by oil, but by gold. During a Patria Para Todos [Fatherland For All] party event at the National Theater in Caracas, Maduro announced,
“The petro is a cryptocurrency unique in the world that is supported by oil, and I have a surprise that I will launch next week, the Petro Oro [gold], backed by gold, even more powerful.”
Since the petro’s Initial Coin Offering (ICO) opened on Feb. 20, $735 mln has allegedly been raised, according to Maduro’s Twitter. No official numbers for the ICO had been released by press time.
A grandes problemas, ¡grandes soluciones! Desde el primer minuto el juego arrancó bien, y arrancamos ganando: 4.777 millones de yuanes o 735 millones de dólares es el resultado inicial de las operaciones de intención de compra del Petro. #AlFuturoConElPetro
Some Venezuelans on Twitter have used the hashtag, “#AlFuturoConElPetro,” [the future with the petro], to support the release of the coin. User José David Cabello R wrote,
“#AlFuturoConElPetro against any meddling, against the economic war, against the blockade. For the peace and Venezuela.”
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