CoinFever is the third largest cryptocurrency exchange by trading volume as of 2015.
If other large exchanges gathered members with a long operating period, CoinFever was a case of growing in a short period of time by handling various virtual currencies.
So far, there are as many as 90 virtual currencies registered on CoinFever.
It was an active exchange to attract new coins to the extent that there was a separate section for new coins on the main page of the homepage.
High recognition, high trading volume, favorable propensity for new listings.
CoinFever was the best exchange to list Acorn Coin.
There was no reason to procrastinate over conditions that couldn’t be better.
We immediately rescheduled the meeting, and decided to hold a meeting with the chief executive via video call the very next day.
-nice to meet you. I’m Jane from CoinFever.
“This is Daniel Shin, CEO of WHTS Company.”
In CoinFever, a young woman came out as the representative of the chief executive officer. Age is around mid 20’s, but it looks like early 30’s at most.
And this thought was the same for the other person.
-The representative of Watts was a very young person. Are you not a college student?
“I am twenty-eight this year.”
-You look so young, so I made a mistake. Actually, I was going to ask if he was a high school student.
“You are joking.”
– Was it like that this time? Ho ho ho.
Since it was a large company, I expected a formal meeting, but the conversation continued in a surprisingly relaxed atmosphere.
-When I first heard the news of Acorn Coin, it was really amazing. Did you say that the coin was sold out in 30 minutes of public release?
“On the domestic exchange, it took just 3 seconds to sell out. There was an uproar because there was not enough stock.”
-If that’s true, it’s worth proceeding with the 2nd and 3rd ICO in Korea, but why do you want to list on our side?
As she said, if the ICO is successful, it is standard to transfuse funds while continuing the 2nd, 3rd, and even 5th ICO.
“Frequent ICOs mean two things. Either the issuer does not have money, or it is a scam coin that is just trying to get a lot of investment and run away.”
Scam coin refers to a coin for fraudulent purposes that only receives investment money and goes into hiding or files for bankruptcy.
“However, Acorn Coin already had enough funds and development teams, so there was no need to repeat ICOs to undermine the trust of the coin.”
– That’s a lot of confidence.
“Confidence based on hard evidence.”
Jane looks at my face for a long time from the other side of the screen, as if interested.
-Is that confidence due to partnership with a famous Korean SNS? Cy Club? Watts is said to be the largest shareholder there.
“There is no such thing. Cy Club has 32 million subscribers, more than half of the Korean population.”
– We know that too. The share of social media has gradually declined, and even the fact that there are very few active users now.
Even after that, Jane’s awl-like questions continue.
The size of the development team and who is in charge, what is the financial situation, and whether the development progress is smooth, etc.
At first, I answered in detail as much as possible, but as the questions continued endlessly, I gradually became annoyed.
“I’m sorry, Jane, but can I ask you something?”
– As much as you like.
“Did other cryptocurrencies listed on CoinFever go through this detailed interview process?”
When Jane hears that, she pats me on the mouth and starts laughing.
– Oh, Daniel. sorry. I forgot to say one thing because I was chatting at the beginning of the meeting. I’m really, really sorry.
“What did you forget to say?”
-We selected Acorn Coin as the 100th listed coin. Of course, there will be a large-scale promotion suitable for it, but it is not allowed to say that there is a defect in such a coin or that it is a scam.
100th listed coin. Massive promotions.
Hearing that, I understand all the actions that CoinFever tried to meticulously verify.
-So that’s what I mean… … Our staff is going to go to Korea for due diligence. Would you like the schedule?
“Anytime.”
– You’re so confident. I like it.
A new development room was also set up, and a large number of development personnel were supplemented, so it was a perfect timing to show off.
However, after listening to the words that follow, the sound that is just right goes in.
-Did you say that your SNS name is Cy Club? I’m really looking forward to seeing what it will look like.
* * *
I was proud to have prepared a complete puzzle piece in every aspect, including the development team and development environment of Acorn Coin, blueprints, and the company’s financial health.
But there was one piece of the puzzle that I couldn’t do anything about, and that was CyClub.
If CoinFever conducts due diligence, of course they will also try to visit the Cyclub office.
At that time, if the state of Cy Club’s new project was serious, it would be a great damage to the image of WHTS Company, which was tied up in wholesale prices.
If something goes wrong, the listing plan may be canceled.
I went to the Cyclub office to prepare for such an unfortunate event in advance.
with my daughter
The Cy Club office, which I visited after a long time, has not changed much. The development room was cluttered like a warehouse, and you can still see empty seats here and there.
‘It must be a busy time by now… … There’s no hint of that at all.’
About five more minutes after I arrived at the office, CEO Jeong Ji-seung walked out.
“Nice to meet you, Mr. Jeong.”
“Ah, yes. You are here.”
The response is lukewarm unlike before. I even contacted them saying they would be leaving in advance, but it was also the case that they came late.
Was there some other urgent matter?
“Please sit down.”
He guides me to a seat with a gesture of his chin and then sits down with a sigh.
“Did you come to check the status of the new project?”
“There are things like that, and I didn’t seem to be paying too much attention, so I visited to say hello.”
“Why don’t you say hello comfortably over the phone. Well, it might be okay to look around once you’ve been here.”
Jeong Ji-seung lazily lights a cigarette he took out of his inner pocket and continues talking.
“The opening schedule has been confirmed as October 5, as previously announced.”
“Exactly two weeks left.”
“Yes yes, it is. The development was finished a long time ago, and now it’s uploaded to the server and we’re only looking at the final tests, so there shouldn’t be any major problems.”
He hands me the tablet that was rolling around in the corner. On the screen of the tablet, the Psion service to be released this time was floating.
“hmm… … .”
Aside from the composition of the menu that seems to have been seen elsewhere, guestbooks and notes that represent Cy Club are nowhere to be found, and the mini-homepage is at the level of an assortment.
And crucially, the speed at which the web page appears after selecting the menu is too slow.
“It looks like the page transition is too slow. Is it because it’s a test server?”
“That’s because the speed limit is set.”
“Koreans don’t know anything else, but I can’t stand being slow.”
“I can not help it. Cy Club has more than 30 million subscribers, how can the server endure if that many people flock to it?”
With Facebook and Tweets flipping pages at the same time as a click, is there any reason to play a slow-paced cyon?
I assure you, Koreans will close the window even if the page takes more than 3 seconds to load.
‘Still, the release seems to be preparing normally, and the exterior looks fine, so there shouldn’t be any major problems.’
I draw my own conclusions and return the tablet to him.
“How did you see the new service?”
“Uh, um… … It’s not bad overall. It feels like a good mix of the strengths of popular SNS and Cy Club.”
“Hot hot! This is an accurate assessment. As expected, CEO Shin has eyes to see.”
To put it nicely, it’s well-mixed, and to be honest, it’s like a mixed soup.
Cy Club would probably be ruined if it was released in this state. No, it’s not just going to fail, it’s going to explode.
‘I wondered if something would change as I invested money, but there was no such butterfly effect.’
It doesn’t matter if Cy Club’s new service fails. It was enough to invest an additional 2 billion won and wipe out the stake.
* * *
The opening date of Cy Club’s new service ‘Psion’ is approaching in 10 days.
Thanks to publicity in various ways, there were many people in the Internet community who were waiting for the opening of Cyon with half curiosity and half concern.
However, there were some people who were looking forward to the opening of Cyon for other purposes than for the memory of Cy Club.
[Welcome to Korea’s largest virtual currency community, Bitcoin Love.]
-10 days until Cy Club opens. I hold my breath until the day of the rice cake table comes.
-It looks like you bought acorn coins. I really envy you. I couldn’t include anything because I was working that day. whining.
– I tried to buy it after seeing the atmosphere, but it sold out.
– It’s not too late. You can buy it as a private trade. Although the price has already gone up several times…
More than half of the posts posted on the community were about acorn coins.
As much as that, Acorn Coin left a strong impression in the ICO, to the extent that domestic virtual currency investors did not know about it.
-But aren’t you just turning the hope circuit too much? If Psion collapses like this, the acorn coin will also be destroyed.
– The news is very late.
-What news?
-There is a rumor that Acorn Coin is officially listed on CoinFever. Someone said they saw a CoinFever employee come to Incheon Airport.
When a coin is listed on a virtual currency exchange, the market price will skyrocket in nine out of ten cases.
Of course, there are coins that do not last long and then collapse again, but this time, the acorn coin was weighed on the soaring side because there was a favorable news of the psyon open.
-It’s really great. CoinFever is one of the top three exchanges in the US.
– It’s ranked third in the world, not just in the US.
-If CoinFever’s listing is true, you’re going to the cake that day. Expect a minimum of 5x and a maximum of 10x.
-Eh? I heard that the Chirashi I know is listed on the Korean exchange, not on CoinFever? Exclusively listed on BitHit…
-Which chirashi is right for you?
From noble mtl dot com
CoinFever and BitHit.
When conflicting information appears, debate continues for a long time over which information is correct on the bulletin board.
– I’ll just sort it out. CoinFever is just a joke, and BitHit listing is information from the domestic media. Beathit will become the official virtual currency of Cy Club.
– Wasn’t the Cy Club official acorn coin?
– Acorn Coin was created and released by an overseas company called Watts. The coin to be listed on this bit hit was produced by Cy Club itself.
A new Cyclub coin that will appear following the existing Acorn coin.
The news that two virtual currencies will be issued on one SNS platform upsets the community bulletin board.
-If the… … What will happen to the existing acorn coins when the new coin is designated official?
– Since there is no use for it, it is worth sh*t.