CoronaCoin cryptocurrency lets traders get rich on coronavirus deaths

A new cryptocurrency will let buyers reap grim benefits from the number of people who fall ill or die from the deadly coronavirus outbreak.

The Bitcoin-like cryptocurrency, called CoronaCoin, will operate off a morbid, and gimmicky, structure: the number of available coins — called “tokens” — will decrease, and so gain in value, as more people die of the virus, the currency’s website reads.

CoronaCoin creators established a set number of 7,604,953,650 tokens in the world representing the estimated population of Earth.

“As the number of infected/dead from the virus increases, the number of tokens are manually burned every 48 hours,” the website reads. “So for every one infection, one token is burned.”

By Friday night, 85,366 tokens had been burned.

“The fact that the number of tokens decreases over time, means that it is deflationary and should become more valuable over time,” the website reads. “The supply is also non-mintable, so no new Coronacoins…