VOICED : Venezuela tasa en 60 dolares el petro su moneda virtual

VOICED : Venezuela tasa en 60 dolares el petro su moneda virtual

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Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

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Venezuela launched its cryptocurrency, Petro, valued initially at $60, backed by oil reserves. The Petro's value is subject to oil market fluctuations, with incentives for investors. It was introduced to address liquidity issues and US sanctions. The White Paper outlines a pre-sale of 38.4 million units. Unlike decentralized cryptocurrencies, Petro is regulated by the Central Bank, creating uncertainty. It operates on Ethereum's blockchain but may migrate to its own.

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OPEN ENDED QUESTION

3 mins • 1 pt

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