What are COR tokens and the VERF?

coronavirus,3d render

What is the VERF?


The Virus economic relief fund (VERF) consists of an Ethereum smart-contract based token sale, and a distributed autonomous organisation (DAO) contract that allows anyone around the world to complete an application for relief funding using a Google form (https://forms.gle/MCKMt7h1woPWWnGv9) which is then voted on for approval by token holders using a DAO contract to be deployed once fundraising meets minimum levels. Tokens are priced at 5,000 (COR) per 1 ETH with no minimum contribution amount. COR tokens may be exchanged on cryptocurrency exchanges or used to vote on DAO fund applications.

Funds raised from Institutional Investors and the Fundraising Smart Contract below will be granted on a case by case basis to people experiencing financial hardship, with 30% of proceeds going to main pandemic-related charities and 70% of proceeds granted on a case-by-case basis to those experiencing financial hardship, applied for using the Google form below:

Why is this required?


We have all seen the deadly situation the world is facing due to the outbreak of Coronavirus COVID-19, with most countries responding in the appropriate way. Despite measures taken the total case count has already risen past 10,000,000 Worldwide resulting in over 500,000 deaths to date. This has had a catastrophic impact on economies worldwide resulting in the closure of many companies and a dramatic increase of unemployment numbers.

The VERF is created in an effort to assist the average person who may be suffering from a COVID-19 related economic impact such as lost wages, excess medical costs or the loss of a loved on.

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Covid-19

What is the VERF?


The Virus economic relief fund (VERF) consists of an Ethereum smart-contract based token sale, and a distributed autonomous organisation (DAO) contract that allows anyone around the world to complete an application for relief funding using a Google form (https://forms.gle/MCKMt7h1woPWWnGv9) which is then voted on for approval by token holders using a DAO contract to be deployed once fundraising meets minimum levels. Tokens are priced at 5,000 (COR) per 1 ETH with no minimum contribution amount. COR tokens may be exchanged on cryptocurrency exchanges or used to vote on DAO fund applications.

Funds raised from Institutional Investors and the Fundraising Smart Contract below will be granted on a case by case basis to people experiencing financial hardship, with 30% of proceeds going to main pandemic-related charities and 70% of proceeds granted on a case-by-case basis to those experiencing financial hardship, applied for using the Google form below:

Why is this required?


We have all seen the deadly situation the world is facing due to the outbreak of Coronavirus COVID-19, with most countries responding in the appropriate way. Despite measures taken the total case count has already risen past 10,000,000 Worldwide resulting in over 500,000 deaths to date. This has had a catastrophic impact on economies worldwide resulting in the closure of many companies and a dramatic increase of unemployment numbers.

The VERF is created in an effort to assist the average person who may be suffering from a COVID-19 related economic impact such as lost wages, excess medical costs or the loss of a loved on.

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How to participate in the VERF

 

  • Install an Ethereum client such as Metamask
  • Deposit fiat and purchase Ethereum and send to your Metamask address or personal wallet – do not send directly from an Exchange
  • Open the ‘Assets’ tab in Metamask then click ‘Add Token’ / ‘Custom Token’ and enter the address of the COR token

    0x04676091Ec9a205d4186C3374e8a7aF135cB3f70

    Metamask will fill in the details once this is done as per below – note other wallets and online wallets have the same or similar process:
    How to view COR tokens in your Metamask or other Wallet


  • Send any amount of ETH to the sale smart contract (5000 COR = 1 ETH)

    0xC7409d218eF9fd6a2634DA10021514a4Ad631E8B

    ..and you’ll automatically receive your COR tokens in the same transaction. If you encounter any transaction issue, try raising the gas for the transaction until it succeeds.

    How to send ETH and receive COR tokens from the main smart contract