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.

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