Coin Jackpot After Divorce

Chapter 164

Roona’s downfall

〈Taform Labs Kwon Do-jin publicly snipers Kim Shin on social media〉

〈Kwon Do-jin, “The fact that Roona was given an F grade is a lack of understanding of the future financial system.”＞

The article written by Kwon Do-jin, CEO of Taform Labs, on social media was extensively covered by the media.

Some newspapers picked up quite provocative headlines.

〈CEO Dojin Kwon and Shin Kim reveal that they don’t want poor people to become rich〉

Since last year, the price of coins has risen a lot, so the virtual currency market has been attracting media attention.

Even so, it is probably because of me that the media wrote an article to this extent.

The comment section of the article was in a frenzy.

―Why is the coin rating evaluated at the coin exchange kicking off the ladder of wealth? You did what you had to do.

―Is the source coin also C? Why do people like Roona object?

―The grade of Source Coin is not the reason why Rowona is F.

―Why is the coin that ranks 4th in trading volume and 9th in market capitalization F? This coin evaluation is essentially killing competing altcoins.

―What is Taform Labs doing? Is it comparable to Earth Resources, which dominates the Internet content market?

―Earth Resource is running a department store or shopping mall business. Exchange business.

―If you look at the gap between issuing companies, there is a gap more than C and F.

―There are a lot of part-timers. Kim Shin ask for my money!

Although there is a lot of controversy, most of them have defended me, probably because of the influence I have accumulated so far.

If it wasn’t for Rowona’s investors, there was no reason to stand on Kwon Do-jin’s side.

“I will have to endure it for once.”

I could understand the backlash from the companies that issued the coin.

How can you like someone who gave an F to their business?

Moreover, Earth Resources is making huge profits from coin transaction fees.

I believed that the coin grade would settle after a certain amount of time.

〈Tyform Labs’ Kwon Do-jin shoots Shin Kim 2nd time〉

〈Kwon Do-jin, “Earth Resource has a CEO who has a poor understanding of decentralized future finance.”]

〈Kwon Do-jin’s SNS, “Kim Shin snipes that he will lead the virtual currency market into regression.”＞

This coin evaluation was a lot of effort.

We recruited staff and worked with Wall Street financial institutions to evaluate virtual currencies worth more than $2 trillion as accurately as possible.

‘There must be trust in finance.’

Investors could leave at any time if there was no trust in the coin industry.

I had met Kwon Do-jin in the past, and Loona was the coin with the most price increase this year, and customers were active in transactions.

“Eddie, I know you’re busy, but could you take a look at this?”

I deliberately left it to Eddie to analyze Roona and Tay.

The development team was in charge of cloud updates and work, and Eddy was only tinkering with the operating system.

Eddie said in 10 minutes.

“Can this be so lax?”

“yes?”

“They say they guarantee $1 in any case, but I don’t think I can change it if the price of Rowona drops.”

The stablecoin Tay played a role in being fixed at the value of 1 dollar.

But Tay could only exchange a $1 worth of Roona.

“What do you mean?”

“If the price of Tei falls, the algorithm issues more Loona.”

“right. Because we issue Loona and use the funds to buy Tay to maintain value.”

“What if Tei and Rowona fall at the same time?”

“yes?”

“What if people only try to sell Tay and Rowona?”

“… … .”

The two coins are tied together by an algorithm.

When I saw this method in the past, I felt insecure along with the idea that it was ingenious.

Because it is a system made of coins without real assets.

When the price of tay falls, the algorithm issues more loona.

However, if the price of Loona is falling, the increase in issuance will fuel the price drop.

People who own Loona will sell their coins in anticipation of a drop in price.

‘I have to sell Roona, but there are endless productions of Roona on the market?’

A spiral of death created by two coins falling together.

Eddie regarded the essential part as a bug that came out while developing the algorithm.

“How likely is it to actually happen in reality?”

“I don’t know that either.”

Due to Roona, I requested a stress test from a financial institution.

JP Morgan, Bank of America, and Goldman Sachs tested and received reports.

[Value maintenance cannot be guaranteed when a coin run of more than 30% per day occurs]

[High probability of collapse if investment and holding psychology collapses]

Coins are not regulated, but there are no safeguards.

Banks receive legal guarantees for support and deposits from the government or the central bank, but the fact that Roona and Tei can collapse just as they are in an emergency.

It was impossible to manage as it was traded all over the world.

‘It had to be rated F just because there was a risk of collapse.’

I felt bad for being accused of kicking the ladder of wealth.

In order to gain the trust of investors without any selflessness, we hired employees and posted coin evaluations at our expense.

It was when I was looking at the monitor while drinking a cold can of coffee.

“God.”

“yes?”

Oh Myung-wu passed by and said to me.

“If you endure this, you will get sick. If you ask for a keyboard battle and you back down, you will have to live with the shame as a loser for the rest of your life.”

“… … .”

* * *

Kwon Do-jin’s estimated wealth is 5 trillion.

As the coin boomed, it was speculated that an enormous fortune would have increased.

Nevertheless, from my point of view, he was an underdog, so he generously posted on social media.

[Earth Resource objectively evaluated the coin’s rating, and it is clear that this was a measure for the safety and trust of customers.]

It’s a short article, but it contains an effort to calm the situation.

―I believe.

―If you look at the detailed information for each coin, you can see that Earth Resources has worked hard for customers.

People’s reactions are generally positive.

However, less than 20 minutes later, Kwon Do-jin posted a rebuttal on social media.

[Objective evaluation? Evaluation without understanding of future finance is useless. Kim Shin, who has fallen into pride after success, is obsessed with the prejudice that only he is right.]

“… … .”

It felt like a keyboard battle had already taken place.

It feels like I pulled out the keyboard from the other side even though I was trying to finish it smoothly.

“Even if I try to avoid it, I can’t avoid it.”

I posted on social media again.

[I know about Taform Labs’ complaints.

I did a lot of research and research on Roona. In addition to our own analysis, it was judged that the risk was high because it was commissioned by a large financial institution.]

After posting on social media, the price of Rowona fell by 8.5% in real time.

The coin bulletin board was buzzing.

-What happened all of a sudden?

―Kim Shin said Roona was in danger

-Wow… … . One playing Elon Musk?

―Rather than that, there was a keyboard battle with Kwon Do-jin, the CEO of the company that made Roona.

―I have to go see it!

On his usual social media, he occasionally posted pictures of his daily life, contents of the Earth channel, and promotional articles about the app store.

Even so, tens of millions of people came every day, but this time the number of visitors multiplied several times.

Kwon Do-jin’s SNS was also the same.

[A lot of investigation and research?

No research or research can be objective about coins leading future finance.

There are many ways to wrap a lie, but the reality does not change if you try to deceive it with words with plausible authority.

Kim Shin is lying.]

* * *

Employees of large Wall Street financial institutions, private equity funds, woke up on a lazy afternoon.

“Kim Shin moved!”

“What is it?”

“It seems that the publisher and the social media have been arguing because of Roona.”

Profits from Shin Kim, activities of Investor A.

At the end of last year, he even faced off against the Yeonjun, and Kim Shin is the most noteworthy on Wall Street.

‘Manufacturing must produce results, but finance is profitable when money moves.’

Financial institutions were closely watching Kim Shin’s external activities, but a problem with Kwon Do-jin arose.

“How are investors moving?”

“What should we do?”

Large financial institutions watched the situation for a while, but not private equity funds that did anything to make a profit.

They were ready to pounce at any moment like hyenas on a rotting carcass.

“He pours out harsh words to Kim Shin.”

“Even the chairman of Morgan Stanley couldn’t do that.”

“What will be the price of Rowona in the future?”

“Well, it has risen a lot this year, but it is true that there is a risk of collapse at any time.”

In the private equity fund that handles money, it was not difficult to see through the essence of Rowona.

Continue to issue Loona to buy Tei.

A structure in which the person who owns Roona at the end can suffer a loss.

“It’s an opportunity to hit shorts with leverage.”

Profits were made when the coin price fell on the exchange.

* * *

[Kim Shin has already become evil. He is currently crazy about money.]

[I want only myself to be rich. Fair competition, lost justice.]

Kwon Do-jin poured out articles on social media.

-Isn’t that too harsh?

―Hey, you pressed the seizure button properly because you got an F grade on the coin evaluation.

―Roona cheering for you!

The comments left by visitors were so numerous that it was difficult to read.

“It’s a chance. An opportunity to make money.”

Kwon Do-jin’s eyes flashed.

In the coin industry, reputation is linked to money.

“Only SNS visitors are likely to exceed 50 million today, and there are tons of articles about me coming out.”

Even though Rowona received an F rating, the price of the coin rises if it attracts more public attention.

―Jim: Isn’t that a bit excessive?

There were concerns about co-workers.

At first, I tried to let Kim Shin know that Rowona is a good coin by sniping, but I felt like I was driven to a dead end due to the interest of the public and media.

―Kwon Do-jin: I already got on the back of the tiger. This case will make us even richer.

-Jim: Is that so?

―Kwon Do-jin: Because the coin industry is a market led by a few star players. A similar influence could be achieved just by standing up to Kim Shin.

Kwon Do-jin wrote a post on social media, deciding that he should be given a proper shot here.

[Earth Resource has lost its qualification as a coin exchange. Their short-sighted eyes can’t properly care for the coin’s future. It is desirable for Roona to exit the Exchange of Earth Resources.]

A declaration that he will leave the world’s second largest exchange.

Kwon Do-jin threw a powerful card.

‘How much is the commission Roona earned for Earth Resources, but even if she wants to leave, she won’t be able to accept it easily.’

If you start with Roona and leave other coins with an F grade, wouldn’t the damage to earth resources be enormous?

And after a while, a post appeared on Kim Shin’s social media.

[At Earth Resources, we don’t catch people who want to leave. For the safety of customers, Loona and Tei coin will end transaction support after 3 days.]

* * *

3 day closeout period.

On the coin bulletin board, posts about Roona were posted non-stop.

―Roona can no longer be traded at Earth Resources?

-yep

―What should holders do?

―It doesn’t mean that the coin you have disappears. Either move it to another exchange or dispose of it at this point.

―Kim Shin-hyung said it was dangerous, so I have to sell it. 20% was sweet… … .

―How long do you want to listen to Kim Shin and become rich?

―Last year, Kim Shin-hyung also sold stocks. That person became super-rich and invested conservatively. The way we invest is different.

-ah. I don’t know. It’s annoying to sign up for other exchanges besides Earth Resources. Just sell Loona and buy another coin, well.

Investors who agreed with Kim Shin’s judgment brought out a large amount of Roona from Earth Resources.