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CoronaCoin, a Cryptocurrency That Goes Up in Value the Worst the Covid-19 Epidemic Gets
A group of developers have created a controversial cryptocurrency that tracks the spread of the Covid-19 virus and goes up in value as the number of infections goes up and more fatalities are registered as a result.
CoronaCoin (NCOV), a new token built on the Etherium blockchain, was created by a team of programmers and activists on 4Chan, the controversial online forum that gave the world the hacker collective Anonymous, among other things. The original supply of CoronaCoin was based on the total human population at the time of the token’s inception, 7,604,953,650, but every 48 hours the token is burned to reduce supply according to the official number of coronavirus infections and fatalities. The more people succumb to the virus, the more supply gets burned and the more valuable the remaining tokens become.
Photo: CoronaToken
“We developed the world’s first blockchain that tracks the spread of the virus based on its token supply. The token supply started at 7.6 billion and is burned every two days to keep up with official WHO statistics,” Sunny Kemp, an admin for CoronaCoin’s Telegram group, told Decrypt. “The benefit of documenting the spread of the virus on the Ethereum blockchain is that it is uncensorable. People behind the great firewall can view the real death statistics by checking our token contract on Etherscan.io.”
While basing a cryptocurrency on the worst health crisis humanity has faced in the last few decades is undoubtedly considered controversial by many people, but the group behind CoronaCoin claim that their main goal is to spread awareness about the coronavirus and raise funds to fight against it. A portion of the funds will be donated to the Red Cross for Covid-19 relief.
Complete Article:
https://www.odditycentral.com/news/...lue-the-worst-the-covid-19-epidemic-gets.html
https://coronatoken.org
A group of developers have created a controversial cryptocurrency that tracks the spread of the Covid-19 virus and goes up in value as the number of infections goes up and more fatalities are registered as a result.
CoronaCoin (NCOV), a new token built on the Etherium blockchain, was created by a team of programmers and activists on 4Chan, the controversial online forum that gave the world the hacker collective Anonymous, among other things. The original supply of CoronaCoin was based on the total human population at the time of the token’s inception, 7,604,953,650, but every 48 hours the token is burned to reduce supply according to the official number of coronavirus infections and fatalities. The more people succumb to the virus, the more supply gets burned and the more valuable the remaining tokens become.
Photo: CoronaToken
“We developed the world’s first blockchain that tracks the spread of the virus based on its token supply. The token supply started at 7.6 billion and is burned every two days to keep up with official WHO statistics,” Sunny Kemp, an admin for CoronaCoin’s Telegram group, told Decrypt. “The benefit of documenting the spread of the virus on the Ethereum blockchain is that it is uncensorable. People behind the great firewall can view the real death statistics by checking our token contract on Etherscan.io.”
While basing a cryptocurrency on the worst health crisis humanity has faced in the last few decades is undoubtedly considered controversial by many people, but the group behind CoronaCoin claim that their main goal is to spread awareness about the coronavirus and raise funds to fight against it. A portion of the funds will be donated to the Red Cross for Covid-19 relief.
Complete Article:
https://www.odditycentral.com/news/...lue-the-worst-the-covid-19-epidemic-gets.html
https://coronatoken.org
Last edited:
In Stroke of Luck, Tirumala Temple Board Recently Withdrew Rs 1,300 Crore from Crisis-hit Yes Bank
https://in.yahoo.com/finance/news/stroke-luck-tirumala-temple-board-103516743.html
https://in.yahoo.com/finance/news/stroke-luck-tirumala-temple-board-103516743.html
My personal opinion is, it takes a lot of struggle to build a business, to make it daily bread for 100s of people working in it. If there are fraudsters, even if the chief, they should be thrown out. But that doesn't mean all the employees and benefiters of it are fraudsters. Every business is an asset to economy, which in turn relates to every single citizen of a country. Closing a big business means loss of jobs as well as depreciation of economy. Why the top compounder are so? Simply because of the benefits people and economy get from them. If only all the businesses have been citizen-centric instead of spending on huge liabilities merely for the sake of names. I'm not an economist, just simple thoughts of a common man.
the employees of (banks / credit cards / some chit funds/ builders/ media / stock brokers and many other business where no great ethics are followed and almost malpractice is their core concept ) will never worry in doing so as long they get salary and feel they are not responsible .. now think other wise ..my question is ... if we work in a gangster and criminal groups will law leave us ?
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