Javascript must be enabled to continue!
Cryptocurrency Petro as an Investment Vehicle
View through CrossRef
В статье представлены причины, побудившие венесуэльское правительство к созданию первой в мире государственной криптовалюты - Petro, условия ее создания и принцип действия. В отличие от других криптовалют Petro является активом, обеспеченным природными ресурсами страны. Предлагается считать его токеном, дающим инвестору право на его обмен на национальную валюту по курсу, зависящему от котировок цены на венесуэльскую нефть. В результате ICO (initial coin offering, первичное размещение монет) удалось привлечь значительные финансовые ресурсы. Petro уже функционирует как национальная платежная система, торгуется на местных криптовалютных биржах. Автором дается оценка реализации этого проекта и возможные перспективы его дальнейшей эволюции.
The article sees the reasons that pushed the Venezuelan government to create the first state-owned cryptocurrency - Petro as well as the context of its creation and principals of functioning. Unlike other cryptocurrencies Petro is an asset backed by country’s natural reserves. The author offers to consider it to be a token which gives an investor a right to exchange it into the national currency according to Venezuela’s oil quotations. Due to its ICO (initial coin offering) the government managed to attract significant financial resources. Petro already functions as a national payment system and is traded at local cryptocurrency exchanges. Evaluation of this project implementation and its possible perspectives are given.
Title: Cryptocurrency Petro as an Investment Vehicle
Description:
В статье представлены причины, побудившие венесуэльское правительство к созданию первой в мире государственной криптовалюты - Petro, условия ее создания и принцип действия.
В отличие от других криптовалют Petro является активом, обеспеченным природными ресурсами страны.
Предлагается считать его токеном, дающим инвестору право на его обмен на национальную валюту по курсу, зависящему от котировок цены на венесуэльскую нефть.
В результате ICO (initial coin offering, первичное размещение монет) удалось привлечь значительные финансовые ресурсы.
Petro уже функционирует как национальная платежная система, торгуется на местных криптовалютных биржах.
Автором дается оценка реализации этого проекта и возможные перспективы его дальнейшей эволюции.
The article sees the reasons that pushed the Venezuelan government to create the first state-owned cryptocurrency - Petro as well as the context of its creation and principals of functioning.
Unlike other cryptocurrencies Petro is an asset backed by country’s natural reserves.
The author offers to consider it to be a token which gives an investor a right to exchange it into the national currency according to Venezuela’s oil quotations.
Due to its ICO (initial coin offering) the government managed to attract significant financial resources.
Petro already functions as a national payment system and is traded at local cryptocurrency exchanges.
Evaluation of this project implementation and its possible perspectives are given.
Related Results
TYPES OF CRYPTOCURRENCY WALLETS
TYPES OF CRYPTOCURRENCY WALLETS
Purpose. The aim of the article is to study types of cryptocurrency wallets, their features and advantages.
Methodology of research. The following special research methods were us...
The Tendencies of Cryptocurrency Policies in Indonesia
The Tendencies of Cryptocurrency Policies in Indonesia
Cryptocurrency has set intriguing and innovative trends in investment amidst the fluctuating global economy following government policies. This research aims to investigate the tre...
The Impact of Market Sentiment on Cryptocurrency Investment
The Impact of Market Sentiment on Cryptocurrency Investment
Market sentiment refers to the overall feeling of investors and traders have about the state of the market or the price action of a particular asset. The descriptive study focused ...
Enhancing consumer protection in cryptocurrency transactions: Legal strategies and policy recommendations
Enhancing consumer protection in cryptocurrency transactions: Legal strategies and policy recommendations
Enhancing consumer protection in cryptocurrency transactions presents a critical challenge due to the decentralized and often opaque nature of the cryptocurrency market. This abstr...
Investing: The Concept and Classification of Schemes with Legal Significance
Investing: The Concept and Classification of Schemes with Legal Significance
Introduction: the theme of investment and investing invisibly but tangibly accompanies a person in modern life. The desire to increase their funds is becoming an urgent need of the...
Legal regulation of cryptocurrency in Ukraine
Legal regulation of cryptocurrency in Ukraine
Introduction. Cryptocurrency is a relatively new financial market instrument, but due to a lack of the fundamental principles of the legal regulation and legal regulation of market...
Factors Affecting Investment in Cryptocurrencies Among University Students in Kurdistan: An Application of the Theory of Reasoned Action
Factors Affecting Investment in Cryptocurrencies Among University Students in Kurdistan: An Application of the Theory of Reasoned Action
This study investigates the factors influencing university students’ intentions to invest in cryptocurrency in the Kurdistan Region of Iraq. The target population for this research...
Cryptocurrency Exchange Selection Decision Support System Using Preference Selection Index
Cryptocurrency Exchange Selection Decision Support System Using Preference Selection Index
Cryptocurrency trading is a very popular business of buying and selling digital money today. Many investors trade cryptocurrency assets through cryptocurrency exchange platforms in...

