HashCash Consultants’ upcoming Corona Fund Index Cryptocurrency (CFIX) will allow traders to earn profits even during a bear market. The backing of an inverse-exchange traded fund (ETF), is the USP of HashCash’s new crypto. It is inversely pegged with the S&P 500 market index allowing traders to earn profits even during a corona-crisis induced bear market, or with bitcoin up or down.
Raj Chowdhury, CEO, HashCash Consultants commented,
“The inception of CFIX was motivated by HashCash’s aim to provide financial aid to nonprofits and research organizations battling the COVID-19 crisis. The ETF backing incentivizes CFIX, which benefits not only the traders but enables us to raise more funds for all who are affected by Novel Coronavirus, which is the ultimate goal of this initiative”
HashCash has pledged 90% of its CFIX trade earnings to its Corona Relief Fund; the proceeds will be donated to various non-profits and organizations that are actively combating the global pandemic crisis.
CFIX is paired with USDT (Tether) and built on a blockchain platform leveraging the security and transparency that comes with the technology. Post-launch it will be listed under major exchanges across the world so that the traders can access it easily. The CFIX is scheduled for launch on April 2nd.