CoronaCoin: crypto developers seize on coronavirus for new, morbid token


The Shinagawa station in Tokyo, Japan, Feb 28. Total supply for the CoronaCoin is based on the world population, and tokens will be burnt once every 48 hours based on the number of those that have been infected or have died. — Reuters

NEW YORK: Cryptocurrency developers have created a digital coin that allows traders to bet on the coronavirus epidemic, based on how many people fall ill or die.

Called the "CoronaCoin", its supply will diminish every two days based on the rate of new cases, according to its website – suggesting its price could move higher the more people the virus kills.

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