Venezuela’s Petro Cryptocurrency To Be Auctioned On Dicom Foreign Exchange Platform

Announcements, News | March 8, 2018 By:

The government of Venezuela has announced that the country’s oil-backed cryptocurrency, the Petro, will be auctioned to private companies via the Dicom foreign exchange platform in a few weeks.

Dicom, a venue at which the Venezuelan government auctions foreign currency, was created in May 2017 with a rate of 2,200 bolivars to one US dollar.

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“Petro” Cryptocurrency Pre-Sale Raises $735M USD, Venezuela’s President Claims

Announcements, News | February 21, 2018 By:

Venezuela’s President Nicolas Maduro has announced that the country’s oil-backed cryptocurrency ‘Petro’ has attracted $735 million in the first day of its pre-sale, which kicked off on  February 20 and is scheduled to run until March.

According to reports, investors were offered $60 “tokens” at discounted rates that they can exchange for Petro during the pre-sale.

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