The Venezuela government have released the Petro token backed by the oil of the country.
What is the reason for buying this token ?
There is no project of business model. Its just a token back by the oil of the country.
What does back by the oil of the country mean. There fiat currency does the same. There is no dividend payed to the token owners and can you trust this government.
I think its just a way of rising money no questions asked for the government.
There will be no accountability and no benefit of owning this token.
If one token meant you would own a barrel of oil or something maybe but sure they could change the rules at any time and invalid the token.
Its nonsense and I think a waste of time
Let Me know your thoughts and follow and comment Thanks
