After the launch of Venezuelan government's cryptocurrency Petro on February 20, President Nicolas Maduro has already hinted at the second government cryptocurrency, which will soon be published, according to government-sponsored information source, TelSsur

This time, the cryptocurrency backed by the government will be supported not by oil but by by the gold. During an evening organized by Patria Para Todos [Fatherland For All] at the National Theater of Caracas, Maduro announced,

"The petroleum is a unique cryptocurrency in the world, backed by oil , and I have a surprise that I will launch next week, the Petro Oro [gold] backed by gold, even more powerful. "

Since the 39; initial opening of the petro (ICO) on February 20, $ 735 million would have been high, according to Maduro's Twitter. No official number for the ICO had been published by press time.

Has great problems, ¡great soluciones! Desde el primer minuto the juego arrancó well, arrancamos ganando: 4,777 millones of yuanes o 735 millones de dólares es the unofficial result of the operations of compra de Petro. #AlFuturoConElPetro pic.twitter.com/LoaDgj4rr1 – Nicolás Maduro (@NicolasMaduro) February 21, 2018

Some Venezuelans on Twitter used the hashtag "#AlFuturoConElPetro", [the future with the petro] to support the liberation of the piece. User José David Cabello R wrote,

"# AlFuturoConElPetro against any interference, against the economic war, against the blockade.For the peace and Venezuela."

#AlFuturoConElPetro contra cualquier injerencia, contra the económica guerra, contra el bloqueo. For Peace and Venezuela – José David Cabello R (@jdavidcabello) February 20, 2018

Before the launch, foreign investors from Brazil, Poland, Denmark, Honduras and Norway reportedly saying that they were open to receiving petrol, which is backed by a barrel of oil per piece, for goods and services.

Venezuela is currently facing a hyperinflation of more than 4,000 percent last year, with the national currency, Bolizar,

President's decision to launch a crypto currency was in contradiction with parliament's views on the crypto, backed by the opposition, which declared the petroleum illegal currency on Jan. 9. Opponents of parliament consider the petroleum as a way for Maduro to avoid the financial sanctions imposed by the West in Venezuela.