Venezuela's 'Petro' Token Launches in Pre-Sale – CoinDesk
Venezuela’s ‘Petro’ Token Launches in Pre-Sale – CoinDesk: Is it an ICO or an IKO. There has been a new trend that is catching fire, to do an initial public offering (IPO) in cyber/cryptocurrency coins, or ICO. Venezuela, with a failed currency in a failed state, is doing a very novel approach their new ICO offering is to be backed by a small portion of their vast oil reserves. And the coin will be called…