Crypto developers seize the new corona virus morbidly symbolic
Cryptocurrency developers have created a digital coin, which allows traders to bet corona virus epidemic, based on how many people get sick or die.
Called “CoronaCoin,” the lower supply every other day based on the number of new cases, according to its website – which suggests the price may move higher more people to kill the virus.
Corona Virus epidemic is becoming global, six new countries reported the first case on Friday, and the World Health Organization to increase its global spread and impact of alert “very high.”
Latest WHO figures show more than 82,000 people are infected, more than 2,700 deaths in China and 57 deaths in 46 other countries.
The rapid spread of the virus, which emerged in China in December, is rattling stoked global market selloff, with the three major US indexes on track for their worst week since the 2008 financial crisis.
Total supply for CoronaCoin is based on the world’s population, and the tokens are burned on the basis of the number of once every 48 hours of those who are infected or who have died, according to its website.
“Some speculate a large part of the supply burned because the spread of the virus, so they invest in” Sunny Kemp, a user who identified himself as one of the developers, said in the chat messaging app End.
Kemp said the team consists of seven developers more boarding. He declined to identify the other, but said they are located primarily in Europe.
Cryptocurrencies such as Bitcoin are digital currencies that are dependent on advanced cryptography to strengthen their activities. Budding asset class has been plagued by frequent crashes and price scams.
Events are recorded with a digital ledger called the block chain. CoronaCoin block chain documents spread of the virus and the character can buy and sell some of the online exchanges, such as Saturn.Network According to Kemp.
About 20% of the supply of supply are allocated a monthly donation to the Red Cross using known cryptocurrency payments processor, Kemp said.
“Frankly, this is immoral,” said one.
“Tasteless,” commented another one.
“That’s why we can not have fun,” wrote a third.
Asked whether the sign could be seen as morbid, Kemp said: “At present, active circulation of the pandemic issued by the WHO. How is that different? ”
