The new CoronaCoin bets on global deaths of the virus victims

With the new coronavirus outbreaks around the world, it was just a matter of time when someone decides to take advantage of it.

The cryptocurrency developers have recently launched a digital coin, that rewards its users due to the number of deaths, caused by a COVID-19 virus.

The coin, called after coronavirus, has a total supply of tokens based on a global population, which is currently 7,604,953,650. It is said the tokens will be burned once every 48 hours, according to the reported numbers of those infected and dead.

Developers also announced they are going to donate 20% of the total Coronatoken supply to the Red Cross in order of COVID-19 relief efforts.

The World Health Organization (WHO) reported last Friday, that the coronavirus risk alert remains “very high” around the world.

Although the numbers of cases in China continue to decline, the epidemics in the Republic of Korea, Italy, Iran, and Japan are still the greatest concern. Here is how the current virus spread looks according to WHO data:

From its first outbreak in Wuhan, Hubei province last December, the COVID-19 has already taken 2915 lives in China. According to today’s official statistics of World Health Organization, the number of deaths outside China is 128. There are 64 other countries currently infected by the virus.

The CoronaCoin is not the only one with its macabre background. The blockchain industry already had previous encounters with coins, betting on the death of famous politicians or celebrities.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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