In a rather strange event, CoronaCoin was launched on Sunday. Under the ERC-20 protocol, the coin is supported by the deadly Coronavirus, which has affected tens of thousands of people in China and elsewhere.
"CoronaCoin (NCOV) is a token that complies with ERC20. The total supply is based on the world population (7,604,953,650 NCOV) and tokens will be burned every 48 hours depending on the number of infected people and deaths, so the tokens are deflationary and also cannot be printed. "
Binance, TRON, Qtum, etc. take action to help the victims, releasing tokens that want people to bet on spreading viruses is truly disgusting. As per the NCOV website, part of the funds will be donated to the Red Cross to help those infected with COVID-19, even though no specific number is given.
However, if the aim is to help the victims, there are other ways to do this rather than encourage investors to hope that more people are infected so that their ownership value increases.
The company also runs airdrops for CoronaCoin, and each new user address will get 100 NCOV each. Tokens are available for sale on trading platforms such as Saturn, Forkdelta, LogicDex, McAfee DEX, Uniswap, Etherdelta, Tokelm, and VAYLADEX.
Coronavirus has turned out to be a major threat to the crypto industry, with operations and volumes expected to experience serious attacks.