New to Busy?

EOS Venezuela Creates The Crypto Peso


10 months agoBusy3 min read

If you are aware EOS (which also uses graphene like STEEM) also has witnesses, called delegates but up there its so hard and so much work to keep servers up its often a few people or companies running the nodes. I dont think theres any single person with enough stake and powers to get voted in.

So also countries got their representatives and today i want to speak of EOS Venezuela .

If you are aware (and surely you are) the local currency there hit so big inflation and IMF projects Venezuela inflation will hit 1,000,000 percent in 2018.. For now all time high of 200000 percent in August of 2018 happened.

So the guys from team decided to make P$O - a token on the EOS blockchain, based on the same technical characteristics of the EOS token itself. Unlike native currency it has 0% inflation rate.
They partnered with (like Uber) to use the Crypto Peso token as the native token for the Venezuelan adoption of its platform.

It will be listed in October on some EOS dexes.

If you live in Venezuela or own EOS you can get some of the initial coins for free.

The Crypto Peso has a special distribution process, due to the mission of becoming a complementary currency to boost the economy in developing countries in Latin America, focused in Venezuela as a pilot program, every Venezuelan citizen who enrolls in the distribution receive an amount of 10 Crypto Pesos. The information of each user is collated with the National Electoral Registry to have control in the inscriptions and verify the Venezuelan identity of the user.

More on Creators

EOS Venezuela is currently working on a holistic plan for the development of Venezuela and the Latin American region through the implementation of crypto and blockchain technologies.

A proposal that contemplates a free crypto economy for mass adoption through the Crypto Peso; a plan for job creation through the Coding Schools and implementation of the Tellers network in Venezuela; together with other BPs working on a tool to have elections on the blockchain to be implemented as way to combat possible electoral corruption in Latin America. The development of the EOS Club and Crypto Local Exchange.

Give them support - Vote for EOSVENEZUELA as Block Producer
Tutorial on

I really like the idea of trying to work out this crisis and the idea these guys have.

My Official Discord Crypto/Steemit Group -

Follow, Resteem and VOTE UP @kingscrown creator of blog for 0day cryptocurrency news and tips!


Sort byBest