Venezuelan government publishes Petro manual

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Image captured from the Petro website

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Although the launch officially starts from yesterday morning, has not yet published information in relation to the presale campaigns programmed for the digital currency, nor on the mechanisms for citizens to buy such assets. However, the manual can be downloaded.

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According to information published by various Venezuelan news agencies, the Vice President of the Bolivarian Republic of Venezuela, Tarek El Aissami, announced yesterday evening that during the early morning of today would start the presale campaign of Petro, the cryptocurrency launched by the government which would be supported by the oil reserves of that country.

In a transmission through the State channel, El Aissami reported that along with the pre-sale campaign, a manual was also published, which outlines the guidelines for the acquisition and commercialization of the new digital currency. This document is already available on the web page www.elpetro.gob.ve. It details the forms of access to the cryptocurrency, both for individuals and legal entities resident in Venezuela, as well as for foreign investors interested in the offer.

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During his presentation, El Aissami commented:

"The Petro was born, today the Venezuelan Petro presale is formally and officially initiated. Venezuela is placed at the forefront of future times. Today will become a day of history. It is the first State, the first nation that launches its cryptocurrency, backed by its reserves and natural wealth. "

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Buyer's Manual

in which some technical specifications are outlined and instructions are given to users interested in buying the corresponding assets.

Interestingly, users are notified that during the pre-sale, digital assets will be working in the NEM Blockchain, so the purse software to be used must be associated with this chain of blocks. At the same time, stakeholders are reminded that the security of digital assets and their management depend exclusively on the owner.

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Next, the document reviews a set of 15 steps to follow, in order to guarantee the necessary conditions to have the Petro balances once purchased, which are the following:

Enter the registration web page that you will find on the Petro's official website (www.elpetro.gob.ve). Once the registration is finished, you will be sent an email with the link to access your Petro wallet.
Open the email that we will send you and access the link that will redirect you to the download site of your wallet.
Download the compressed file (Petro_Wallet) from the web address www.elpetro.gob.ve
Unzip the file and run it.
Open the wallet; click on Sign Up; click on Simple Wallet; click on Ready; click on Next.
Name your wallet and assign a password.
Move the cursor randomly on the wallet; click on Understood.
Click on Download Wallet and keep your wallet in a safe place (external hard drive or storage device that you will keep under your protection).
Click on Show Private Key.
Copy the Seal Key (Private Key) of the wallet (string of 64 hexadecimal characters) on a sheet of paper and keep it in a safe place under lock (it is advisable to make sure you have written down the set of characters correctly).
Click on I Have My Private Key and Password.
Click on I Agree
Select the wallet in the Select Wallet drop-down, enter the password and click on Sign In.
Click above to the right on Account.
Where Address says the address of the wallet appears, this is the data that you must send to receive your PTR.

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These steps are a guide for users to download and open the portfolio to maintain digital assets. Neither the document nor the web page still have information associated with the programmed pre-sales campaigns, nor is there any more information available to the public on how to make the purchase of the petro. Apparently, the private sale of petro would begin in March.

For now, the only data that is known is that of a total of 82.4 million PTR units, 44% will be offered in pre-sale through private campaigns, while 17.6% of assets will be under control of the Superintendence of Cryptocurrencies and Related Venezuelan Activities (Sucacven).

source:DiarioBitcoin

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