Cryptocurrency

CoronaCoin, the criptomoneda of the Coronavirus

As the world struggles to cope with the Coronavirus, a group of enthusiasts created a criptomoneda which allows holders to take advantage of the epidemic. Such a currency is called CoronaCoin (NCOV), and is indexed to the rate of deaths generated by the virus. This terrible announcement was made via a post on Reddit. In the same indicates that this is a criptomoneda based on Ethereum. As mentioned earlier, increases in value while more dead and infected, you have to cause of the virus. At the time of writing this article the number of people killed by the Coronavirus is of 2200 people approximately. Therefore, one cannot but wonder what happens to the world, and if this is not the worst face of the industry of cryptocurrencies.
More details about CoronaCoin

More details about CoronaCoin (NCOV)

This criptomoneda in theory, its value increases as the virus spreads. This is because your algorithm unique design ensures that with each death, the investors CoronaCoin earn money. Needless to say, the announcement has aroused widespread resentment and something of rejection towards the world of cryptocurrencies. Therefore, many users resorted to social networks to express their disgust. Graph of variation of price of CoronaCoin, in a range of 24 hours

CoronaCoin, according to its creators, seeks to help cure the virus

Although it may seem paradoxical, in the official website of CoronaToken explains that they are contributing in reality to the relief efforts of COVID-19. Specifically, they stated that up to 20% of the total sale of CoronaCoin will be donated to the Red Cross, which is helping victims recover from the deadly disease. Even, have said that the tokens of NCOV are burned every 40 hours, depending on the number of victims arising out of the outbreak of the Coronavirus. Therefore, the total supply of CoronaCoin depends on the population of the world, which makes that it is deflationary, according to the web site. However, the simple fact that a greater extent of the spread of the Coronavirus that investors of this criptomoneda earning more money is enough to elicit criticism at the global level. Despite the fact that this particular case lends itself to a lot of controversy and moral debate, we should remember that this is not representative of what you are looking for with the creation of cryptocurrencies, nor with the technological advances related. After all, several prominent names of the industry have stepped forward with substantial donations of cryptocurrencies. For example, in January, the leader of Binance announced a donation of crypto to the value of 1.5 million dollars to help the victims of the Coronavirus. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.

Did you like the content? Share it