After entering September, Internet news started pouring articles on Cy Club and virtual currency.
For the general public, it was just passing news. In the first place, most people did not know what cryptocurrency was.
However, in the Internet community where virtual currency investors gathered, Cy Club’s move this time was emerging as a nuclear bomb level issue.
– Great news! Cy Club is issuing virtual currency this time. Do you use it as a substitute for acorns?
– Are you for real? So many fake news in this edition…
-Go to Neybo News and look at the IT section. There was an uproar.
-If it is a substitute for acorns, isn’t it more versatile than Bitcoin?
-Hey, where did you mix a rare coin with a bit coin? Acorns are, at best, downloading songs and decorating my minihompy.
-Still, since acorns are so famous, one thing is sure to be accessible to the general public. If investors supply and demand this opportunity, will other coins benefit?
-Are you finally coming to the fire?
In the virtual currency community, positive reactions were poured out that this incident would attract ordinary investors.
However, not everyone welcomed the advancement of Cy Club.
-The Cy Club was ruined, right? Lastly, I don’t know if they are issuing coins to suck money and bounce.
-This time, ordinary people will also enter the coin board, but the government might come out if they eat and run…
-When I looked for news, Cy Club did not issue coins, but some foreign investors made their own.
-WHTS Company? It’s the first time I’ve heard of it.
– Just looking at it, it’s a scam.
-Looking at the company website, it looks pretty good. There is an office in Korea, and there is news that he is the largest shareholder of Cy Club.
Even within the virtual currency community, the controversy over whether or not this Acorn coin was eaten or not has not ceased.
However, there was no disagreement with the results of this ICO.
– Even if there are many words, the interest level is the highest ever, so the ICO will be a hit.
– Well, it’s because the Cy Club name is worth it.
-In the yard where all sorts of miscellaneous coins come out, if it’s an acorn coin, you’re a nobleman. Even if it’s a scam, the price will rise tremendously in the early days. I don’t think there will be any loss if I buy it at the time of ICO?
-If you trust and come out with Acorn Coin, I will buy it.
-I need to get ready to pick it up after a long time hahahaha
-Acorn Rice Cake Gazuaaa!
* * *
The popularity of Acorn Coin was spreading not only to the virtual currency community, but also to the general Internet community.
Even if you don’t know Bitcoin, there are many people who know Acorn, so it became such a strange issue making.
“I think these guys have succeeded in driving issues on the Internet, um… … .”
There was someone watching the popularity of this acorn coin with a complicated mind.
It was Song Baek-ho, CEO of Coinup.
He’s been spending most of his day lately monitoring the community.
This is because it was difficult to guess how successful the acorn coin, which the company decided to sell on consignment, would be.
‘It’s not difficult for us to hit #1 in sales and get exclusive rights. People tend to flock to it if they only spread publicity.’
The problem was that this acorn coin was a special case with high public interest.
If you spend a lot of publicity money and get an exclusive listing right, wouldn’t it be a big deal if only rumors spread and the trading volume goes up soon?
‘Still, opportunities like this aren’t common, so it’d be better to get the monopoly right.’
Just in time, a subordinate opens the door to the boss’s office and enters.
“oh! Chief Kim, I already had something to say, but you’re welcome. Speaking of the consignment of acorns this time, try spending a little more money on promotion.”
“I… … president. I don’t think Acorn Gun can compete with a fair amount of publicity money.”
“What do you mean?”
“Beat Hit placed an advertisement on the main portal site.”
Song Baek-ho smiles and wiggles his fingers.
“Chief Kim, the joke is overdone. Do you know how much the main portal ad costs? The basics start at 10 million won.”
“I am not kidding. I just came to see it posted on the main page of the mobile page.”
Manager Kim manipulates his cell phone and shows the portal site.
The main portal advertisement was as follows.
[Challenge 5,000 times the return on investment! From BitHit to buying acorn coins, and even a chance to win an Apple Pad!]
From noble mtl dot com
As soon as Song Baek-ho saw the beat-hit advertisement, he reflexively cursed.
“Has Na Min-seong really turned this bastard? Burning tens of millions of won to try an exclusive listing of Jobcoin?”
“Japanese beat checks are also unusual. Rumor has it that he spent 1 million yen just for this promotion… … .”
“What? One million yen? I’m going crazy, really. What is Acorn doing all that fuss about?”
“Since it is difficult to attract new subscribers due to the recent downtrend, isn’t it expecting an influx of general investors?”
Whatever the reason, we couldn’t stand still while our competitors moved.
In order to protect the image that Coinup has built so far, they had to risk life and death in this PR competition.
“I know the contact information of the person in charge of the Neibo advertisement. hurry.”
* * *
The ICO D-Day of Acorn Coin, which has been developed and promoted for about 3 weeks, has come.
I took half a day and headed to the Pangyo office early in the afternoon.
I skipped lunch because I was in a hurry, but I don’t feel hungry at all. My head was full of what the ICO results would be, starting only at 3:00.
The initial issuance of Acorn Coin is 72 million. The amount distributed to the exchange this time is half of that, 36 million.
Since one bitcoin was exchanged for 3,000 acorn coins, assuming the coin is sold out, the total number of bitcoins we will get is 12,000.
12,000 Bitcoins per room.
Have I been greedy too much? no. Betting big on winning is not greed, it is a very reasonable bet.
I drove faster to shake off the rising anxiety.
“uh? Boss, you’re here early.”
Starting with Lee So-young’s greeting, the other employees also bowed their heads.
Anxiety can be heard in the voices of the staff. I couldn’t help it because a lot depended on the outcome of today’s ICO.
I thought that even I shouldn’t be nervous here.
“Everyone, please pay attention for a moment. I have a very important message.”
Employees’ eyes are focused in this direction. Everyone seemed to have more anxiety in their eyes.
I deliberately pause for a while before continuing.
“For today’s after party, we will go to either a Korean beef grill restaurant or a snow crab restaurant. So I hope all employees will discuss and decide before work.”
In an office full of tension, the voices of employees mixed with laughter flow out.
“Ah, what is it? You were surprised.”
“I thought it was something big.”
It seems that the atmosphere is definitely more relaxed than before.
“Soyoung, you said there was a problem with the token allocation with the exchange. Did that go well?”
“I already solved everything and went through the second or third inspection.”
“It’s good. If you have any other problems, please let me know right away.”
“All right.”
I immediately turn my steps toward the meeting room.
In the conference room, Park Tae-sik was anxiously looking at his laptop. The unique trembling of the legs is still the same.
“How is the atmosphere?”
Park Tae-sik answers without taking his eyes off the laptop.
“The atmosphere was always good. After the publicity burst on the exchange, the inflow of ordinary investors has definitely increased.”
“That’s it. Why do you look like you’re chewing sh*t?”
“It is because I am worried about how many virtual currencies ordinary people who only know acorns will buy. to be honest… … You won’t know the outcome until you open the lid.”
The guy fumbled in his inner pocket for a cigarette, then withdrew his hand again.
“First of all, I contacted the PB seniors I knew before, so no matter how bad it is, I can sell half of it.”
“I didn’t even start if I was going to sell half of it. It will be sold out unconditionally, so just believe and wait.”
“With his confidence.”
After sitting in a conference room and chatting a few words, and even having a meeting with the development team, time passes quickly.
3 o’clock was approaching in front of us.
In a little while, the coin will be released simultaneously on all three exchanges.
“There are 30 seconds left until 3:00.”
Like a lie, the sound disappeared from the office. Everyone stares at the clock on the large monitor with nervous expressions.
“Fifteen seconds.”
Employees sitting down enter the exchange and hit the refresh button repeatedly.
I couldn’t take my eyes off the monitor either.
“Ten seconds ahead. Opening soon!”
With 5 seconds left, the full-fledged countdown began.
“Four seconds… … 3 seconds… … 2 seconds!”
“One second!”
And when it was time for the final release, the first thing that came to Lee So-young’s ‘Ah!’ A confused voice was heard.
“Is there a problem?”
“The Coinup website is down. I keep trying to refresh, but there is no response.”
Subsequently, the employee sitting in another seat complains of similar symptoms.
“I can’t access the site either?”
“Beat hits are also down!”
“Isn’t there something wrong with the Internet in our office?”
“So, the Japanese bit check goes in normally? Navo connects just fine.”
There is a chaotic atmosphere in the office for a while. There was an employee who called the exchange in a hurry, but the call did not work.
Then Park Tae-sik kicks the door in the meeting room and runs out.
“I just got a call from Coinup, and it sold out in 3 seconds and the site crashed!”
Then, Lee So-young, who was flashing a refresh, also hurriedly shouted.
“Beat Hit is also open! There’s already a sold-out and even a notice!”
A total of 24 million Acorn coins were handed over to two domestic exchanges.
Converted to Bitcoin, it means that we have secured a whopping 8,000.
“It’s already sold out! It was sold out in 5 minutes after it was released!”
“There was an uproar in the community to release more. There is a saying that someone wiped it out in large quantities.”
“yeah! It’s a big party! A crab party!”
Upon hearing the news of the sale, all the employees cheered with joy.
However, only one person, Lee So-young, was not happy with her and was sitting in her seat with tears in her eyes.
It seems that the burden was heavy after taking on the lead developer of this acorn coin.
“Soyoung, are you okay?”
As I approach, Lee So-yeong quickly wipes her eyes with her sleeve.
“are you okay. No problem. just… … I must have got some dust in my eyes.”
“I think we should put an air purifier in the office.”
“Iknow, right.”
Was it embarrassing to show tears? Lee So-young moves her mouse around on the desktop for no reason.
Rather than comforting her, I decided to return the topic to another side.
“How about Japanese beatcheck?”
“Three and a half million have been sold so far. Since this is not a real-time tally, it should have actually sold more than this.”
The number of acorn coins minted in b*tcheck is also 12 million. If there are 3.5 million units, about 30% have been sold.
“You’ll need to pick up the pace.”
“The sales speed of the Japanese exchange is not slow. The Korean exchange was unusually fast.”
“That’s why I’m going to hurry up.”
“What are you talking about?”
“My goal from the beginning was to enter the US exchange, not the domestic exchange. However, it was close to impossible to break through the US exchange with just the name value of Cy Club.”
Cy Club is a card that only works in Korea.
This could be seen by looking at the weak response of the Japanese exchange, which had eight times the trading volume.
“So I was thinking of getting another form of fame with this IPO.”
“which… … ?”
“Coin that IPO closed at the fastest rate ever. If that’s the case, American investors will show interest.”
If you look at the movie poster, wouldn’t it be promoted by putting the phrase that it was #1 at the box office or that it mobilized tens of millions of viewers?
Like that, I planned to actively utilize the results of this IPO to target overseas markets.
“Soyoung, when will the bitcoins on the domestic exchange be recovered?”
“uh… … It depends on the transfer speed, but it will come into the company wallet within 15 minutes.”
“great. As soon as the Bitcoin enters your wallet, wipe out the acorn coins from the Japanese exchange.”
Lee So-young opened her big eyes and said, ‘Yes?’ I ask.
“We buy acorn coins from Japanese exchanges and sell them out early.”