I hope that it helps the people of the country. But unfortunately, if they do not make it open, it will fail. You are not going to see people putting money into a crypto that is backed by a corrupt government. Nobody would have any recourse. People like crypto because it takes power out of government control. I don't see many people putting money in this for that reason. I know that I wouldn't. Just my opinion.
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They aren't interested in helping people, actually they are doing the opposite.
The only goal of this "Petro" coin is to overcome sanctions imposed by the Treasury Dept. The president, VP and other high level govt members have been added to OFAC list, so their USD accounts have been frozen and they can't move their money without being traced.