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In case you thought that betting on deathmatch wrestling was macabre, that hasn’t received something on CoronaCoin. It’s a cryptocurrency that lets customers earn winnings on their predictions over the variety of deaths and contagions that can outcome from the virus.
CoronaCoin Rewards You for Betting on Demise
The primary main information company to guide with the story of the CoronaCoin was Reuters. It was then shortly picked up by the New York Publish, the place the info 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 primarily based 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 out there tokens out there decreases as extra folks die.
Its provide will diminish each two days primarily based on the speed of latest circumstances, in accordance with its web site. Which means that its worth will rise as extra fatalities outcome from the virus. It calls itself:
The World’s First Crypto Backed by Proof of Demise
purchase $nCoV immediate on our web site nowhttps://t.co/S4ROLZrjKH#coronacoin #coronatoken @cctip_io airdrop 100 NCOV 100 pic.twitter.com/UrGu4oW5wK
— CoronaToken $nCoV (@corona_token) February 28, 2020
Simply When You Assume It Can’t Get Any Worse
In case you thought it was a sick joke, sadly, it’s not. The CoronaCoin most likely highlights most of what’s incorrect with the cryptocurrency business–and humanity basically.
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 shall be burnt as soon as each 48 hours primarily based 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 provide 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 Purple Cross. Whether or not or not the Purple Cross will obtain donations in CoronaCoin is one other query solely.
What do you make of the CoronaCoin cryptocurrency? Add your ideas under.
Pictures through Shutterstock, Twitter @Corona_token
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