HashCash Consultants to Launch ‘Corona Fund Index Cryptocurrency’

HashCash Consultants plans to release the latest crypto asset promising profit potential amid the atrophying global economy and coronavirus catastrophe.

On March 23, HashCash announced its upcoming “Corona Fund Index Cryptocurrency” (CFIX), which promises traders the opportunity to “earn profits even during corona-crisis induced bear market.”

The press release describes the cryptocurrency as being inversely correlated to the S&P 500 through “the backing of an inverse-exchange-traded fund (ETF).”

CFIX will be paired against Tether (USDT) and is slated for launch on April 2.

90% of CFIX earnings will be donated to ‘Corona Relief Fund’

The firm claims 90% of trade fees derived from CFIX will be diverted to its Corona Relief Fund — which purports to donate to “various non-profits and organizations that are actively combating the global pandemic crisis.”

As such, Hashcash’s website states that the overall mission of the project is “to prevent the depletion of…