HashCash Consultants have introduced they’re making a Corona Fund Index Cryptocurrency (CFIX) which is able to they allege, will permit merchants to earn earnings even throughout a bear market by the backing of an inverse Trade Traded Fund (ETF), which is inversely pegged to the S&P 500 market index. HashCash has pledged 90 per cent of its CFIX commerce earnings to its Corona Relief Fund and the proceeds shall be donated to varied non-profits and organizations which might be actively combating the worldwide pandemic disaster.
Raj Chowdhury, CEO, HashCash Consultants commented:
“The inception of CFIX was motivated by HashCash’s intention to offer monetary assist to nonprofits and analysis organizations battling the COVID-19 disaster. The ETF backing incentivizes CFIX, which advantages not solely the merchants however permits us to lift extra funds for all who’re affected by Novel Coronavirus, which is the last word objective of this initiative.”
Chowdhury, no stranger to altruistic endeavours, donated the whole proceeds from his self authored Silicon Valley saga and e-book at Amazon known as The Darkish Secret of the Silicon Valley: A Billionaire’s Confederate Confesses his Accomplice’s Crimes to Asha to fund faculties within the villages of India.
CFIX, scheduled for launch on April 2nd, 2020 is paired with USDT (Tether) and HashCash hopes to be listed below main exchanges internationally in order that the merchants can entry it simply.
HashCash Consultants, based in 2015 in Fremont, California, are the creators of Blockchain-based monetary purposes that deal with Retail Remittance, Company Funds, Commerce finance, and Overseas Trade buying and selling.
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