The process of securing shares in Cy Club reached 84% within two days of starting.
A total of 24 employees were holding shares.
This result came about because all but two of them, who could not be reached, threw their stakes away.
It wasn’t particularly surprising. Cy Club was already in a precarious state today and tomorrow, so even if I were a member of the Cy Club development team, I would have sold my stake.
There were twists and turns, but now I am the owner of Cy Club.
This meant that I had to run Cy Club, whether I liked it or not, and to do so, it was more important than anything else to hold on to the current employees.
“Nice to meet you, I am Woohyuk Shin from WHTS Company.”
The first day of meeting Cy Club employees as the representative, not as an investor.
The eyes of the staff looking at me are not favorable.
As it is, it is possible to turn Cy Club into a ghost company and use only the name, so it must be wary like that.
“The CEO has changed, but your work has not changed. You can come out to this office like you used to, and work on projects like you used to.”
Just saying these words makes the atmosphere in the office much more relaxed.
I add words that can drive the momentum and completely melt the hearts of employees.
“And the salary that has been overdue until now will be deposited in full within today.”
It was a short word, but the effect was clear. Voices of surprise, joy, and cheers flow from the mouths of the tightly closed employees.
“oh! The representative who came this time is a cool person. Ha ha ha.”
“I thought I couldn’t get my overdue salary… … I think I did well to hold on.”
“thank you so much!”
As an employer, I just did the obvious thing, but the employees are happy as if they received a special bonus.
It means that the existing working environment was poor.
Afterwards, he shook hands with the staff while maintaining a warm atmosphere. Without forgetting to say that we will do well in the future, without missing a single person.
“Then, please do your best.”
After meeting with the Cy Club staff, I returned to the WHTS Company office in Pangyo.
As soon as I open the office door and enter, Park Tae-shik bombards me with questions.
“How are you? Are you missing a lot of staff? Is the atmosphere okay?”
I summarized the atmosphere of the Cy Club side.
At first, he was wary, but after talking about job security and salary, his expression brightened.
“Originally, they say that when a company is in trouble, there are a lot of people who quit, but that’s fortunate.”
“If there are still people left, they must be people who have a lot of affection for Cy Club.”
“Sure. Anyway, since the number of employees has increased by more than 20 people in one room, CEO Shin must feel a lot of pressure.”
“I think the burden is greater for you.”
Park Tae-sik points to his face with his finger.
“me? why me?”
“From now on, you will have to run Cy Club.”
“He’s playing around again. Please don’t do that. Because it’s not funny at all.”
As I continued to maintain my expressionless expression, Park Tae-shik was surprised and twisted his eyebrows into wavy shapes.
“Eek! Really? Weren’t you kidding?”
“There is no one else who can take care of you. I have to go to a company, so I can’t even run a Cy club.”
“No matter how inexperienced I am, running a Cy Club is unreasonable. And you said it was ruined there?”
It is true that the Cy Club is ruined. It won’t change even if I run it by pouring money into it myself. Historically, there has never been a precedent for a once-declined SNS to be revived.
“I don’t need anything like a big achievement, so make it like a shelter where people can come back from time to time and rest.”
“shelter?”
“Yes, shelter. There will be no influx of new users anyway, so we make existing users come back.”
“You mean to sell memories.”
Park Tae-sik translates what I packaged nicely as a shelter into a straight-forward phrase.
If you think about it, it doesn’t seem easy to find a more appropriate expression than that ‘selling memories’.
“The important point is that it should not change to the extent that existing users turn away from it. How absurd would it be if a customer came to a soup restaurant in your memory and they were selling pasta?”
“okay. I understand perfectly. In order to do that, we have to revive the systems that were destroyed, such as guestbooks and photo albums. And if possible, how to bring the mini homepage to the main… … .”
Park Tae-shik was already thinking of ways to run Cy Club in a way familiar to old users.
Since he was once obsessed with cyclubs, he must be better than most experts in this field.
“I… … Are you two done talking?”
After Park Tae-shik is gone, Lee So-young appears as if touching a baton. Judging by the look on his face, it seems that he has been waiting for our conversation to end for quite some time.
“yes. Soyoung, please tell me.”
“I was wondering if you saw the Cycash coin news in the morning.”
“no. I haven’t seen it yet.”
“They said they would file a lawsuit against BeatHit. According to them, the official coin contract signed with Cy Club is still valid.”
Lee So-young takes me to her seat and shows me the monitor.
The news floated in the main IT section of the portal.
[Where is the official virtual currency of Cy Club? Bithit, which issued Cycash coin, notices lawsuit against Acorn Coin.]
To summarize the content of the article:
1. Bithit signed an official coin contract with former Cyclub CEO Jeong Ji-seung, and the contract is still valid.
2. It is a breach of contract to designate acorn coins as Cyclub official while the existing contract is valid.
3. If you do not withdraw the official virtual currency designation of Acorn Coin, we will proceed with the lawsuit.
As soon as I finished reading the article, I snorted first.
“This is the last step. It’s meaningless, so don’t worry about it.”
“Still, wouldn’t it be better to check the contract with Beat Hit? If we go to a real lawsuit later, it might get in trouble.”
If a lawsuit were to be filed over an ordinary object or trademark, I would have taken this case seriously.
However, if the subject of the lawsuit is cryptocurrency, the story is different.
“Even if they win the lawsuit and get the ‘official virtual currency’ label, the value of the coin is zero if we don’t make use of it.”
“I know that. What I don’t understand is why Beat Hit was so reluctant to file a lawsuit.”
“That’s why they sell their coins.”
“Ah, please. It’s like a scam.”
Lee So-young has a naive side if it is not her area of expertise. Maybe it’s because I’m still at an age where the times of society like a gutter won’t be asked.
I glanced at my watch and opened my mouth.
“Did you say that Cycash coin will be listed this afternoon?”
“that’s right. It said four o’clock.”
“Take a look then. Then So-Young will know what kind of place this board is.”
* * *
Jeong Ji-seung, who was the CEO of Cy Club, was at the PC room.
Originally, it was time to be at the company, but now that he is not the CEO or anything, the only place he can go is the PC room.
‘Damn it. If I endured for the next few days, I had a chance to recover with a new project… … Because of those stupid things.’
The arrow of resentment was directed at the employees who sold their stake in the company, rather than the WHTS company that bought the stake.
84% stake.
Excluding the two people who went abroad and lost contact, all the employees sold their shares.
I shuddered at the feeling of betrayal. It makes me want to break into the company even now and slap them in the face one by one.
“Whoa, let’s not heat up. If I get excited about stupid things like that, I’m the only one who loses. Anyway, I am the winner. After today, I will become very rich.”
Jeong Ji-seung moved his mouse to access the promised page.
Cryptocurrency exchange BitHit.
It is the exchange that boasts the number one cryptocurrency trading volume in Korea. After a while, the listing of Cycash Coin will begin.
[Ji-seung Jeong’s asset status]
Coins held: Cycash 600,000 SCC
Appraisal amount: ???KWR
Jeong Ji-seung already possessed 600,000 Cycash coins. It was a reward for giving Beathit the rights to the ‘official’ Cyclub virtual currency.
Since the initial price of the Cycash coin was $1, even if he sold all of them immediately after listing, he would have 700 million won in his hands.
However, he had no intention of selling the coin immediately after listing.
This is because the price of a coin with a high level of attention, such as this Cycash coin, rises like crazy right after being listed.
‘Should I just eat up to 3 times and fall out? 3 times 2 billion. It’s not enough to live abroad with this. Yes, let’s eat only 5 times. I have to have at least 3 billion to go abroad.’
As I spent time delusional about this and that, before I knew it, the scheduled listing time was approaching 5 minutes ago.
Jeong Ji-seung stares at the monitor with eyes full of nervousness.
Just 5 minutes ahead.
My mouth is dry from tension. I shake the mouse for no reason, I try to click, but I can’t calm down.
He can’t stand it and picks up his phone.
[How is your situation?]
I sent a message to Minsung Na of Beat Hit.
I thought the reply would be late because I was busy, but surprisingly, the reply came right back.
From noble mtl dot com
[It couldn’t be better. The traffic on the homepage is over 20 times the usual.]
[exorcism. It’s absolutely amazing.]
[Of course, it’s great. Brother, please put your mind at ease.]
The corners of Jeong Ji-seung’s mouth rise, unable to control his excitement. I was waiting for the coin listing to start soon.
“One more minute.”
Jeong Ji-seung even turned on the stopwatch and was measuring the time.
When it was 4 o’clock sharp like that.
The exchange homepage is automatically refreshed, and a new coin banner that has been closed until now comes to mind.
[The world’s first official Cycash coin listing!]
Click.
Jung Ji-seung reflexively clicked on the banner. It takes a long time to turn the page, probably because there are so many visitors.
“Float quickly. hurry. hurry. hurry.”
By the time he repeats the word fast about 20 times, the long-awaited coin trading page finally appears.
[Cycash Coin (SCC)]
Starting price : 1148KRW
Market price : 3122KRW
Compared to the previous day: 172% (▲1974)
In that short time to enter the page, the market price was nearly tripled. There was no other way to explain it other than saying everyone was crazy.
But the real madness had just begun.
[Cycash Coin (SCC)]
Market price : 4138KRW
[Cycash Coin (SCC)]
Market Price : 5711KRW
[Cycash Coin (SCC)]
Market price : 8339KRW
[Cycash Coin (SCC)]
Market Price : 14199KRW
Every minute, the coin price jumps up and down.
It’s already been a long time since he exceeded 5 times what he was aiming for. As I watched the chart go up, the idea of selling disappeared from my head.
What was even more astonishing here was the real-time asset status.
[Ji-seung Jeong’s asset status]
Coins held: Cycash 600,000 SCC
Appraisal amount: 8,540,148,887KWR
The appraisal amount, which was about 700 million won, pierced 8.5 billion won in just 10 minutes.
Although the upward trend slowed down slightly, it was not a dream that the total assets exceeded 10 billion after a few minutes.
“Let’s go a little further! cheer up!”
Jung Ji-seung screams, forgetting that this is a PC room.
I warned him to be quiet next to me, but if I had been paying attention to that place, I wouldn’t have screamed.
“Goes! Goes! Goes! Gaza!”
The chart rose towards the top of the metallurgical metallurgy.
About 30 minutes later, he finally broke through the total assets of 10 billion won he wanted.
[Ji-seung Jeong’s asset status]
Coins held: Cycash 600,000 SCC
Appraisal amount: 10,440,131,821KWR
The time has finally come. Jeong Ji-seung praised and praised himself for holding on without selling until now, and clicked the full sell button.
Click.
A blank white web page continues for a long time, and then the page stops.
“Are there still a lot of people on the exchange?”
Something similar had happened the first time, so he didn’t think much of it and clicked the refresh button.
once, twice, three times, four times.
Even after repeatedly refreshing for over a minute, the transaction page does not appear.
Just when he thought it was strange, an error page he had never seen before appeared on his monitor.
[sorry. Your ID has been restricted for security reasons. For details, please contact the customer center.]