HashCash to launch ‘Coronavirus Crypto Relief Fund – CFIX’

USA-based HashCash Consultants is launching Corona Fund Index that allows profitable trade even in a bearish market, being inversely backed by the S&P 500 market index...

HashCash to launch 'Coronavirus Crypto Relief Fund - CFIX'

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 bitcoin system is scheduled for launch on April 2nd.

HashCash is a global software company. HashCash Blockchain products enable enterprises to move assets and settle payments across borders in real-time for Remittances, Trade Finance, Payment Processing and more. HashCash runs US-based digital asset exchange, PayBito & digital asset payment processor, BillBitcoins. The company also offers crypto exchange and payment processor software solutions, ICO services and customized use cases. HashCash propels advancement in technology through Blockchain101 programs and its investment arm, Satoshi Angels. Further, HashCash offers solutions in AI, Big Data and IoT through its platforms, products & services.