The Waves platform has launched a charity campaign to help raise money for the COVID-19 pandemic. The campaign will let users bet on the rate of infection of the coronavirus in a giant betting pool.
Users can place bets on whether the number of confirmed cases has increased or decreased within a specified timeframe, with the tokens COVID-DWN and COVID-UP being specifically designed for this purpose. Many other blockchain projects have also contributed towards the effort, as the press release states,
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.
The Waves.Exchange will take data from oracles that link the Data Repository by Johns Hopkins CSSE, which itself receives real-time data from the World Health Organization (WHO). Winners will either receive “valuable prizes” or can share their winnings for charitable purposes. All additional proceeds will be donated to non-profits.
Several prominent figures and companies, both in and outside the blockchain space, have donated funds in a bid to help with the havoc that the virus has wreaked. Others, meanwhile, are trying to maintain some sense of normalcy - an VR-based conference called BlockDown 2020 is set to take place on April 16 and 17, where the likes of Changpeng Zhao, Jed McCaleb and Akon will participate.