Blockchain platform Waves.Commutation has launched a new prediction market place assuasive users to bet on whether the spread of the coronavirus pandemic has passed its summit.

Customers can now purchase 'COVID-UP-SEP20' and 'COVID-DOWN-SEP20' tokens to bet on whether the number of new weekly cases worldwide will exceed April 4–10's record of 595,802 confirmed infections before September.

Waves.Exchange'southward tokens are purchased in exchange for the stablecoin, Neutrino Dollar (USDN). All USDN used to buy the tokens are locked in escrow until September, and then distributed among the winners.

The entrada will ostensibly contribute to coronavirus charity initiatives.

Making waves with their new markets

At the start of Apr, Waves.Commutation launched predictive betting markets assuasive users to speculate on whether the number of globally confirmed COVID-xix cases would increase or decrease on a week-over-week footing.

Speaking to Cointelegraph a Waves.Exchange spokesperson revealed the platform's week-over-week predictive markets had finished, calculation that its new September markets are likely to be its last COVID-19-themed betting market.

The number of weekly confirmed cases volition exist determined co-ordinate to data from the World Wellness Organisation (WHO).

Waves.Exchange donates 10,000 USDT to charity

Waves.Exchange encourages winning punters to contribute toward the '#CryptoCOVID19' clemency initiative that has raised nigh $4 meg so far.

Waves.Commutation besides contributed 10,000 Tether (USDT) to a dozen charities fighting the effects of coronavirus — including TheWaterProject, NoKidHungry, PencilsofPromise, and the Lupus Foundation.

Yet, the weekly markets garnered only $four,500 in predictions.

Betting marketplace born out of lockdown

The Waves spokesperson stated that the idea to launch coronavirus-related betting markets grew out of internal discussions regarding how long the pandemic and lock-downward would concluding.

"Every bit soon as the coronavirus epidemic started gaining momentum around the world and in Moscow, in particular, the Waves.Exchange team switched to working remotely," the spokesperson stated:

"All the squad members started wondering when it would all cease and started sharing their predictions. Thus, the thought was born – to brand predictions on the basis of the exchange […] We also thought that this could exist a dandy charity initiative in support of the #CryptoCovid19 campaign."