Waves has launched a macabre campaign to purportedly raise money for COVID-nineteen relief. The platform has created a tokenized parimutuel betting puddle where users can speculate on whether the global number of confirmed coronavirus cases has risen or fallen inside a given calendar week.

On Apr 3, Waves announced the 'clemency campaign,' ostensibly in support of "organizations and funds in need of financial aid in fighting the global COVID-xix pandemic."

Waves launches tokenized COVID-19 prediction market place

Waves.Substitution users can now purchase 'COVID-DWN' or 'COVID-UP' tokens to speculate on whether the number of globally confirmed coronavirus cases increases or decreases inside a seven day period.

Tokens are purchased in exchange for the stablecoin, Neutrino Dollar (USDN). All USDN used to buy the tokens are then locked in escrow before ultimately existence distributed to holders of the winning token at the end of each week.

The charitable component to the parimutuel pool is that "winners volition be granted valuable prizes or tin share their winnings for charity purposes," and "all boosted gain of the entrada will exist donated to non-profit organizations."

Data on the number of confirmed COVID-19 cases will exist provided through oracles from the Information Repository by Johns Hopkins CSSE — which receives from the Earth Health Organisation (WHO) in real-time.

Crypto developers leverage coronavirus every bit a marketing tool

While the crypto community has quickly created a plethora of engaging and meaningful initiatives in response to the coronavirus pandemic, a handful of actors have sought to invoke COVID-19 for marketing purposes.

On March 23, HashCash Consultants announced its upcoming 'Corona Fund Alphabetize Cryptocurrency' — a token backed past nada which purports to mirror the performance of an inverse Southward&P 500 exchange-traded fund (ETF).

During Feb, developers from 4Chan launched 'CoronaCoin' — an ERC-20 token with a supply respective to the world's population that will undergo a burn every 48 hours according to the number of COVID-19 fatalities.