Petro

Petro

A unique concept is being offered and that is one of a cryptocurrency being backed by raw materials.

6.8
Petro
Token Sale ended
19 Apr, 2018
$735,000,000
GOAL

Petro Info

Ticker:
PTR
Token Type
ERC20
Fundraising Goal:
$735,000,000
Received
N/A
Price
1 PTR = $16.70
Sold on Pre-sale
44%
Total Tokens
100,000,000
Token Available for Sale
44,000,000
Whitepaper
Yes
KYC
Yes
Country
Venezuela
Industry
Currency
Blocked Countries
USA
Accepting
ETH

Pros & Cons

  • Multi country appeal and potential
  • Possible for short term rapid growth
  • Mass market and user appeal
  • Not an overly prices ICO
  • Very well thought out and designed white paper
  • Limited appeal outside target market
  • Large number of tokens generated
  • Not likely to see a huge initial increase in token price
  • Ongoing development certainly required
  • Team may need to be expanded and increased

Features

A unique concept is being offered and that is one of a cryptocurrency being backed by raw materials.

Overview

It is very true to say that some countries of the world especially Venezuela do have problems, and it is good to see that someone is prepared to use the blockchain to try and overcome those problems and that is exactly what the Petro initial coin offering and the project behind it is aiming to do.

Whilst you an often struggle to understand the technicalities of some projects that are being backed by some initial coin offerings, that is not going to be the case with Petro.

Their basic concept is to offer a cryptocurrency that is being backed by raw materials, and whilst financially Venezuela may not be the most stable of countries, if there is one thing that there is an abundance of its raw materials.

That is going to be the key to the success of Petra, if they can attract enough people to fully embrace their project, and the returns could be huge for anyone that is prepared to invest in the early stages of their ICO.

Team

Members

  • Hugo Chavez (Founder)

Conclusion

What I would always advise anyone who is looking for an initial coin offering to invest in, no matter how low or high in value the tokens and coins may be, is to look past the funding goals of them and dig deeper into the people backing the project.

Also, be aware that this is probably going to be best described as one of the much higher risk initial coin offerings, for there is the chance people may overlook it and it may not achieve their funding goal, but conversely there is a good chance this is going to be an ICO a lot of people will be prepared to invest in.

Therefore, please do spend as much time as you can by weighing up the pros and cons of investing in Petro, for if it does take off, which there is a very good chance it will, the tokens that you ill have bought in the early stages are going to see their values increase quite noticeably.

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