Created using Figma
The PETRO (PTR) will be backed by the Bolivarian Republic of Venezuela and the wealth of its large crude oil reserves. More importantly, the Petro has been created in an innovative manner, using the highest standards in block chain technology and information security, thinking of a future where electronic asset-representations will enable more direct trade as well as government work within the framework of true financial and economic independence.
Mar 20, 2018
Apr 20, 2018
100% completed
$735 000 000
100% goal completed
Feb 20, 2018
Mar 19, 2018
100% completed
Raised funds - no Data
  • 1 PTR
    60 USD
Token Details
Company Details
Registered Country
Additional Details
Cryptocurrency, Entertainment, Manufacturing


During the last 4 years Venezuela has experienced the biggest financial crisis in its history, a situation that has resulted in a devaluation of its national currency, the bolivar.

Within the framework of policies to strengthen monetary sovereignty and promote welfare by bringing power closer to its citizens, the government of the Bolivarian Republic of Venezuela has decided to embark on an ambitious project for the future, with the vision of turning the country into a blockchain-based solutions development hub for emerging economies.

The Petro will be the foundation of a policy to promote development, infrastructure and training of young people in electronic mining, coding, cryptography, network security and economics 4.0, that will enable the exploitation of Venezuela and other developing countries’ most valuable assets in a new world of transparent, deconcentrated and manipulation-free markets, all thanks to technology.


Venezuelan oil assets will be used to promote the adoption of crypto assets and technologies based on the country´s block-chain. The State shall promote the use of Petro with the goal of consolidating it as an investment option, savings mechanism and means of exchange with State services, industry, commerce, and citizens.

Petro token (PTR) will have three main uses:

  • As a cryptocurrency PTR may be used to purchase goods or services and will be redeemable for fiat money and other crypto assets or cryptocurrencies through digital exchange houses.
  • As a digital platform it can perform the functions of digital representation of goods and/or raw materials (e-commodity) and the creation of other digital instruments for national and international trade.
  • As a savings and investment facility the token will be available for exchange in electronic exchange houses and will have the necessary characteristics to carry out direct exchanges (Atomic Swaps) in accordance with the Venezuelan legal framework.

Each token will be divisible by 100000000 units. THe minimum exhange unit will be called Mene and will be equal to 0.00000001 PTR.

PETRO Roadmap

  • Dec 2017

  • - Add compatibility with Classic Ether Wallet.
    - Start a Medium blog in Spanish teaching as use Petro to buy/sell goods and services. Education is our best weapon.
  • Jan 2018: After this crowdsale

  • - Bitfinex as the first exchange for Petro.
    - Didactic mobile to teach Ethereum ecosystem and how to use Petro. (First version will be for Android only)
  • Feb 2018

  • - Join Yobit or HitBTC exchanges.
    - Start research to launch Petro as a Monero fork coin. All investors will receive the same amount of Petro in the new blockchain.
  • March 2018

  • - Publish Petro Coin Whitepaper.
    - Launch Petro Coin testnet.
  • Read More
  • Apr 2018

  • - Launch Petro Coin main net.
    - Join to Bittrex or HitBTC.
  • Q2-Q3 2018

  • - Launch a web-based wallet and browser extension compatible with Petro and Monero.
    - Publish extensions for Prestashop, Magento, Woocommerce to receive Petro.
    - Get more exchanges.


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