The Coronavirus has been one of the biggest news stories during 2020, and now it has its own cryptocurrency called CoronaCoin (NCOV). Although many people may label this new cryptocurrency as the most sadistic cryptocurrency ever, since its value increases as the Coronavirus spreads, it actually has the goal of defeating censorship and donating to the Red Cross, as we’ll explain.

The supply of CoronaCoins (NCOV) started at 7,604,953,650, which is approximately the number of people that were in the world at the time CoronaCoin (NCOV) was minted. Every 48 hours, CoronaCoins (NCOV) are burned according to the amount of infections and deaths from the Coronavirus in the previous 48 hours.

Essentially, the CoronaCoin (NCOV) supply will decrease as the Coronavirus spreads, which should theoretically cause the value of CoronaCoin (NCOV) to rise, especially if the Coronavirus truly becomes a pandemic, and most of the world is infected.

In this sense, CoronaCoin (NCOV) will likely gain value if the Coronavirus gets really bad. Another way to think of it is that traders can bet on the Coronavirus infecting most of the world by buying CoronaCoin (NCOV).

However, the CoronaCoin (NCOV) developers claim this crypto has a more noble cause.

CoronaCoin (NCOV) essentially tracks the number of Coronavirus cases plus deaths in the world immutably on the blockchain. Specifically, CoronaCoin (NCOV) is an ERC-20 token and uses the Ethereum (ETH) blockchain, which is one of the most secure blockchains. Therefore, CoronaCoin’s (NCOV) coin burns every 48 hours are an immutable record of the spread of the Coronavirus through time.

Since this record is immutable and on a decentralized blockchain, people in countries where Coronavirus data is being censored can get the truth by looking at the CoronaCoin (NCOV) blockchain.

If a totalitarian government is trying to cover up the severity of the Coronavirus, the CoronaCoin (NCOV) blockchain is a place where anyone in the world can look in order to see the truth.

Further, the developers are donating 20% of the total supply of CoronaCoin (NCOV) to the Red Cross, and as the Coronavirus gets worse, the value of this donation should theoretically increase. It is unclear how exactly this money will be donated to the Red Cross or when such a donation would happen.

Ultimately, although CoronaCoin (NCOV) at first seems like a sick joke, it is an interesting use of cryptocurrency technology. CoronaCoin (NCOV) can be used by speculators to bet on how bad the Coronavirus will get. The CoronaCoin (NCOV) blockchain is an immutable record of the spread of the Coronavirus and can be used to circumvent censorship in totalitarian countries, and eventually, 20% of the CoronaCoin (NCOV) supply will be donated to the Red Cross.

On a final note, it appears CoronaCoin (NCOV) does have some value. As of this writing each coin is worth slightly more than $0.01, and there has generally been several thousand dollars worth of trading volume per day on small decentralized exchanges (DEX) like Saturn Network, Bamboo Relay, and Uniswap.