Presented this month on Reddit, the cryptocurrency Corona Coin (nCoV) is built on blockchain Ethereum and uses a " Proof of Death (PoD) "Based on statistics from the World Health Organization (WHO).
According to its website, there are a defined number of tokens: 7,604,953,650 (representing the total world population at the time of its issue). As the number of people infected or deceased increases, the number of tokens decreases.
So, for each infection, a token is burned. The fact that the number of tokens decreases over time means that it is deflationary and should gain in value over time, "it says.
The latest WHO figures indicate that more than 82,000 people have been infected, with more than 2,700 deaths in China. In France, there are currently 57 cases for 2 deaths.
While many Internet users denounce the immoral and unhealthy character of the project, the creators of the CoronaCoin defend themselves by promising to use 20% of the tokens to make donations to the Red Cross.
There are active pandemic bonds issued by WHO. How is it different, ”added Sunny Kemp, one of the developers.
Questioned by BFMTV, Quentin de Beauchesne, creator of the CryptoFR forum, said that the CoronaCoin would be "at best an experience of bad taste, at worst a scam".
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