{"id":31470,"date":"2018-02-22T10:50:52","date_gmt":"2018-02-22T15:50:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31470"},"modified":"2018-02-22T10:50:52","modified_gmt":"2018-02-22T15:50:52","slug":"after-releasing-oil-backed-petro-venezuelan-president-hints-at-gold-backed-petro-oro","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31470","title":{"rendered":"After Releasing Oil-Backed Petro, Venezuelan President Hints At Gold-Backed \u2018Petro Oro\u2019"},"content":{"rendered":"
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After Releasing Oil-Backed Petro, Venezuelan President Hints At Gold-Backed \u2018Petro Oro\u2019<\/a><\/h3>\n<\/div>\n
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After the launch<\/a> 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<\/a>.<\/p>\n

This time, the government-backed cryptocurrency will be backed not by oil, but by gold<\/a>. During a Patria Para Todos [Fatherland For All] party event at the National Theater in Caracas, Maduro announced,<\/p>\n

\u201cThe 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.\u201d<\/p><\/blockquote>\n

Since the petro\u2019s Initial Coin Offering<\/a> (ICO) opened on Feb. 20, $735 mln has allegedly been raised, according to Maduro\u2019s Twitter. No official numbers for the ICO had been released by press time.<\/p>\n

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View image on Twitter<\/a><\/span><\/div>\n<\/article>\n
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\"\"<\/span>Nicol\u00e1s Maduro<\/span><\/span><\/a>
\n\u2714<\/b><\/span><\/span>@NicolasMaduro<\/span><\/a><\/div>\n<\/div>\n
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A grandes problemas, \u00a1grandes soluciones! Desde el primer minuto el juego arranc\u00f3 bien, y arrancamos ganando: 4.777 millones de yuanes o\u00a0735 millones de d\u00f3lares es el resultado inicial de las operaciones de intenci\u00f3n de compra del Petro. #<\/span>AlFuturoConElPetro<\/span><\/a><\/p>\n