After the announcement of introducing PetroDollars, Signal Managemet has announced
that they will be coming out with ICO late in 2018.
This being a centralized currency, and hugely dependent on natural resources, looks like becoming a huge speculative market similar to commodities trading. Which in turn will ensure many investors getting aboard on Cryptoworld, so far who are skeptical of the future of Crytpocurrencies.
Does not sound like good news for the cryptoworld. But need to check the impact on other currencies due to this introduction.
Wonder if PetroDollars will be usable for actually buying fuel or will limit itself to being trading commodity.
This is a very interesting development in CryptoMarket.
Source: BEnzinga
https://www.benzinga.com/markets/cryptocurrency/18/03/11344490/the-petrodollars-ico-what-you-should-know
