Bitcoin

The Blockchain Waves.Exchange platform opens a new betting market for COVID-19

The blockchain platform Waves.Exchange has launched a new forecast marketplace that users can bet on Yes the spread of the coronavirus pandemic It has passed its peak.

Customers can now purchase the “COVID-UP-SEP20” and “COVID-DOWN-SEP20” tokens to bet when the number of new weekly cases worldwide exceeds the record from April 4th to 10th of 595,802 infections confirmed before September.

Waves.Exchange tokens are bought against the stablecoin neutrino dollar (USDN).. All USDNs used to purchase the tokens will be deposited by September and then distributed to the winners.

The Blockchain Waves.Exchange platform opens a new betting market for COVID-19
The Blockchain Waves.Exchange platform opens a new betting market for COVID-19

The campaign is said to contribute to coronavirus charities.

Make waves with their new markets

early April Waves.Exchange has created predictive betting markets that allow users to speculate as to whether the number of COVID-19 cases confirmed worldwide would increase or decrease Week after week.

A spokesman for Waves.Exchange spoke to Cointelegraph about it The platform’s predictive betting markets were over week after weekand add that Your new September markets will likely be your last COVID 19 betting market.

The number of confirmed cases per week is determined according to the World Health Organization (WHO).

Waves.Exchange donates USD 10,000 to charity

Waves.Exchange encourages its winners to contribute to the # CryptoCOVID19 charitywho has raised nearly $ 4 million to date.

Waves.Exchange also contributed 10,000 tether (USDT) to a dozen charities that were fighting the effects of the corona virus.including TheWaterProject, NoKidHungry, PencilsofPromise and the Lupus Foundation.

However, the weekly markets received forecasts of only $ 4,500.

The betting market emerged from quarantine

The Waves spokesman explained this The idea of ​​opening corona virus betting markets came from internal discussions about how long the pandemic and quarantine would last.

“As soon as the coronavirus epidemic gained momentum worldwide and especially in Moscow, the Waves.Exchange team continued to work remotely,” said the spokesman:

“All team members wondered when it would all be over and shared their predictions. This is how the idea came about: making predictions based on the exchange […] We also believe that this could be a great charity to support the # CryptoCovid19 campaign. “

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