06 Apr Jon Cartu Asserts: Crypto project Waves launches COVID-19 charity betting pool
Blockchain project Waves has embarked on a COVID-19 campaign in order to support organizations and funds in need of financial aid in fighting the pandemic.
According to the Johns Hopkins COVID-19 map, the numbers of infected have now topped 1.2 million globally with deaths from the disease totaling almost 70,000.
Waves users can buy COVID-DWN or COVID-UP tokens to speculate on whether the number of globally confirmed COVID-19 cases increases or decreases within a seven-day period.
The smart contract governed platform issues A and B tokens and locks up USDN (the exchange stablecoin Neutrino Dollar), distributing them automatically among the winners after the end of the betting period.
The announcement added that the #CryptoCOVID19 campaign had already raised over US$100,000 [AU$166,158] in charity donations worldwide.
The original campaign was launched by The Giving Block and Gitcoin projects as a charity movement. Waves joined by donating 10,000 USDT and others including Brave Browser, Gemini Exchange, and NEXO have also contributed.
Several other COVID-19 based ventures have been launched by crypto projects as the pandemic continues to wreak havoc across the globe.