Post
Topic
Board Altcoin Discussion
Re: Coronacoin
by
DabsPoorVersion
on 05/03/2020, 10:42:55 UTC
To be fair to this coin, part of the proceeds (20%) are going to the Red Cross for Covid-19 relief efforts. The world bank already offers a pandemic bond to countries to redirect money in times of pandemic outbreaks.
Let me correct you,

The coin’s creators have tried marketing it as a “2019-nCoV relief effort,” the website shows, by claiming that around 20% of the supply will be allocated for monthly donations to the Red Cross.

It's just part of their marketing strategy, don't be a fool wherein their main purpose is to make profit by counting the increasing numbers of dead people which cause by the virus.

“The fact that the number of tokens decreases over time, means that it is deflationary and should become more valuable over time,”

By reading this, I can say that they only think of how they can earn, and not to really help those victims.