<span style="font-weight: 400">The year 2020 would soon turn out to become fatal with monstrous widespread of Coronavirus was not expected. But as it says, tragedy and disaster never knock before causing havoc. This is what we all are experiencing now. This virus has shattered the stock markets all over the world and has even affected many businesses severely. Nowadays, you will hardly come to know about any other news other than the rising death toll by Coronavirus. Well, it is hard to estimate the end of this harmful virus disease, but meanwhile, let us introduce you to CoronaCoin. Surprised? Yes, it is true. Today we will know about what is CoronaCoin and why people are expressing so much interest to buy it. Well, to know this, you need to read the blog and find out the reason.</span>
<h2><strong>What Is CoronaCoin?</strong></h2>
<span style="font-weight: 400"><a href="https://www.cryptoknowmics.com/news/coronavirus-and-coronacoin-the-darkest-side-of-cryptocurrencies/">CoronaCoin is a cryptocurrency like Bitcoin</a>, which operates when people get infected or die because of Corona. The value of this digital token gains during the scarcity of tokens. The idea behind the launching of CoronaCoin is credited to developers in Europe. This virus named cryptocurrency enables cashing on the people who get into clutches of the Corona disease or lose their lives. Based on the world population, developers came up with the idea of supplying CoronaCoin based on it.</span>
<h2><strong>Why Buy Corona Coin?</strong></h2>
<span style="font-weight: 400">After knowing about what is CoronaCoin, now there must be a question that must be popping in your mind, and it is <a href="https://www.cryptoknowmics.com/news/what-is-coronacoin-and-why-people-are-buying-it">why buy CoronaCoin</a>? Well, the need for this new crypto coin has increased due to the burning of digital tokens in every 48 hours, indicating deaths of people due to disease. The reason for which they burned at a fast rate is due to the rapid rise of the infectious disease. The reason for investing in Corona coin is all due to the burning of supply in large portion caused by a coronavirus that is spreading and is taking more lives.</span>

<span style="font-weight: 400">Many tokens are reported to have been burned down, currently. However, as per relief effort by the developers of this new cryptocurrency, funds are been donated to Red Cross. The idea CoronaCoin seems tasteless for some netizens but is contradicted by experts. They have come in support of this new cryptocurrency. They have also revealed the pandemic bonds being issued by WHO. As per its statistics, developers of this digital currency have claimed about its backing by proof of death.</span>
<h2><strong>How Does CoronaCoin Works</strong></h2>
<span style="font-weight: 400">After knowing brief information about what is CoronaCoin, now it is better to upgrade your knowledge about its working. In the world, 7,604,953,650 is supposed to be the total tokens, which are equivalent to the world population. It is when tokens are minted. With the rise in death or infection of the virus. One token gets burned for every infection in every 48 hours.</span>
<h2><strong>Conclusion</strong></h2>
<span style="font-weight: 400">Corona, the deadly virus, which is causing havoc globally, made its beginning from China in 2009. Now it has widespread its deadly network and has taken many people under its clutches, including China. Every new confirmed case of Coronavirus is reported on the National Health Commission of China. This might have made developers come up with the <a href="https://www.cryptoknowmics.com/news/corona-outbreak-dampen-the-bitcoin-halving-in-2020/">idea of CoronaCoin</a>. So today we find it necessary to let you know about what is CoronaCoin. It is indeed to get surprised by the introduction of new cryptocurrency which is named on the virus. Three months have been passed so far, but still, there has been no rescue from this dangerous virus which has become a big challenge.</span>

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What Is CoronaCoin And Why People Are Buying It?

Understanding about what is CoronaCoin is must for all crypto lovers, who are aware of Coronavirus and its effect. The idea came from European developers.

Aditya is enthusiastic about reading all about the Cryptocurrency and loves to get updated about the recent developments that take place in crypto industry.

What Is CoronaCoin And Why People Are Buying It?

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