For those who thought that betting on deathmatch wrestling was macabre, that hasn’t obtained something on CoronaCoin. It’s a cryptocurrency that lets customers earn winnings on their predictions over the variety of deaths and contagions that may end result from the virus.
CoronaCoin Rewards You for Betting on Loss of life
The primary main information company to steer with the story of the CoronaCoin was Reuters. It was then shortly picked up by the New York Publish, the place the details have been instantly skewed. Their article compares the CoronaCoin to BTC. “The Bitcoin-like cryptocurrency,” it says.
Evidently, the mom of all sh**cash shouldn’t be one bit like bitcoin. It’s based mostly on the ERC-20 protocol, as a substitute. And maybe the saddest factor about this grotesquely morbid new token is that it’ll most likely be fairly profitable.
What’s CoronaCoin backed by? The COVID-19 virus itself. And it has an in-build shortage to make your blood run chilly. The variety of obtainable tokens obtainable decreases as extra individuals die.
Its provide will diminish each two days based mostly on the speed of recent instances, in line with its web site. Because of this its value will rise as extra fatalities end result from the virus. It calls itself:
The World’s First Crypto Backed by Proof of Loss of life
— CoronaToken $nCoV (@corona_token) February 28, 2020
Simply When You Assume It Can’t Get Any Worse
For those who thought it was a sick joke, sadly, it’s not. The CoronaCoin most likely highlights most of what’s unsuitable with the cryptocurrency trade–and humanity normally.
And it will get worse. Guess what number of tokens have been issued? A set variety of 7,604,953,650–to signify the estimated world inhabitants. The web site reads:
Token will probably be burnt as soon as each 48 hours based mostly on the variety of INFECTED + FATALITIES, so the token is deflationary; and in addition non-mintable.
As of the time of writing, 92,013 tokens had been burned.
One saving grace for CoronaCoin is that it desires to offer one thing again for the revenue it makes off of all that human struggling. Apparently, its creators will donate some 20% of its month-to-month provide to the Crimson Cross. Whether or not or not the Crimson Cross will obtain donations in CoronaCoin is one other query totally.
What do you make of the CoronaCoin cryptocurrency? Add your ideas beneath.
Photographs by way of Shutterstock, Twitter @Corona_token