With the number of confirmed cases reaching one million around the world and the number of victims approaching the fifty thousand mark, large organizations worldwide have banded together in an effort to stem the pandemic. The Waves project has reached out to the trading and crypto communities by joining the #CryptoCOVID19 campaign on its Waves.Exchange to help raise funds for supporting non-profit organizations, such as the International Medical Corps, the SOS Children's Villages, Save the Children and many others.

The original #CryptoCOVID19 campaign was launched by The Giving Block and GITCOIN projects as a charity movement. Waves.Exchange joined the effort by donating 10,000 USDT. Other companies, like the Brave browser, The Block, NEXO, Gemini and many others are joining the movement as well.

Thus far, the #CryptoCOVID19 campaign has raised over $100,000 in charity donations worldwide.

The campaign is based on the principle of allowing participants to make predictions on the spread of the epidemic within a specified timeframe using prediction tokens. COVID-DWN-JUN20 and COVID-UP-JUN20 are tokens hosted on the Waves blockchain that are regulated by a smart contract, thus ensuring full transparency, independent auditing and verification of the campaign's results.

The platform issues A and B tokens and locks up USDN and distributes them automatically among the winners after the end of the event. The number of confirmed cases is calculated as the total number of new cases over the course of a week with COVID-DWN-JUN20 winning if the total number of new confirmed cases over the week is less than the total number over the previous 7 days. COVID-UP-JUN20 will win on June 1, 2020, in the opposite case.

The data on the number of infected is provided by oracles from the Data Repository by Johns Hopkins CSSE, which receives real-time data from the World Health Organization.

The winners will be granted valuable prizes or can share their winnings for charity purposes. All additional proceeds of the campaign will be donated to non-profit organizations.

The Waves.Exchange is confident that the #CryptoCOVID19 campaign can attract the attention of the broader crypto and trading communities and help charity organizations in fighting the spread of the global epidemic.

waves.exchange
charity@waves.exchange
SOURCE Waves.Exchange

Chaineum : Neo Investment Bank
Laurent Leloup : Conférencier blockchain
HealthTech.Finance : HealthTech Investment Bank

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.