[ad_1]
Waves has launched a macabre marketing campaign to purportedly elevate cash for COVID-19 reduction. The platform has created a tokenized parimutuel betting pool the place customers can speculate on whether or not the worldwide variety of confirmed coronavirus circumstances has risen or fallen inside a given week.
On April 3, Waves introduced the ‘charity marketing campaign,’ ostensibly in help of “organizations and funds in want of monetary support in combating the worldwide COVID-19 pandemic.”
Waves launches tokenized COVID-19 prediction market
Waves.Alternate customers can now buy ‘COVID-DWN’ or ‘COVID-UP’ tokens to invest on whether or not the variety of globally confirmed coronavirus circumstances will increase or decreases inside a seven day interval.
Tokens are bought in trade for the stablecoin, Neutrino Greenback (USDN). All USDN used to buy the tokens are then locked in escrow earlier than in the end being distributed to holders of the profitable token on the finish of every week.
The charitable element to the parimutuel pool is that “winners can be granted worthwhile prizes or can share their winnings for charity functions,” and “all further proceeds of the marketing campaign can be donated to non-profit organizations.”
Information on the variety of confirmed COVID-19 circumstances can be offered by means of oracles from the Information Repository by Johns Hopkins CSSE — which receives from the World Well being Group (WHO) in real-time.
Crypto builders leverage coronavirus as a advertising and marketing software
Whereas the crypto neighborhood has shortly created a plethora of participating and significant initiatives in response to the coronavirus pandemic, a handful of actors have sought to invoke COVID-19 for advertising and marketing functions.
On March 23, HashCash Consultants introduced its upcoming ‘Corona Fund Index Cryptocurrency’ — a token backed by nothing which purports to reflect the efficiency of an inverse S&P 500 exchange-traded fund (ETF).
Throughout February, builders from 4Chan launched ‘CoronaCoin’ — an ERC-20 token with a provide akin to the world’s inhabitants that may bear a burn each 48 hours based on the variety of COVID-19 fatalities.
[ad_2]
Source link