From the early hours of Saturday, four managers gathered at the WHTS Company office.
The manager level here meant Park Tae-sik, Lee So-young, and Gong Min-joon of the Cy Club development team.
Everyone has their eyes closed. In particular, the two members of the development team ran the test work until dawn yesterday, so they must have barely slept.
I looked around the faces of the meeting participants and opened my mouth.
“There are only two hours left until the listing. So, let’s finish by communicating only the specifics between departments.”
Here, Park Tae-sik, who has a normal face, was pointed out.
“I looked through the morning news, but I couldn’t find any articles promoting Acorn Coin. Didn’t you visit the press last week?”
“It was hard to get around. But what can I do if they say they won’t write an article even if I give them money?”
“Why don’t you write articles?”
“Why? It’s because of public opinion. I had no choice but to post it only to the Internet media and local newspapers.”
At this time, Gong Min-joon, who was watching from the side, also quietly added a comment.
“excuse me… … When we called the news of the acorn coin on our side, the complaint calls came in ignorantly.”
“The news posted on the Cy Club website was an airdrop notice, right?”
“you’re right. There are many people who wear colored glasses during the promotion, probably because of the big burn from the last Cycash.”
Next to him, Park Tae-shik muttered, ‘Even if they give it away for free, it’s f*cking stupid.’
“The only way to reverse negative public opinion is to show results. So let’s do our best until the end.”
All the staff burn with enthusiasm and exchange glances. Even Lee So-yeong and Gong Min-jun, who were blind from fatigue, had their eyes strained this time.
Just then, urgent footsteps approach the front of the meeting room.
“CEO! It’s a big deal!”
An employee of the development room gasped for breath and came inside.
“Is there a problem?”
“In front of our company… … Look out the window over there.”
Follow the staff and look out the window.
About a dozen people in red vests gathered there, wearing placards, banners, and belts.
[Awaken the shameless WHTS Company that is trying to use the same scam again!]
[Pay compensation to victims with Cy Club scam currency!]
[Elimination of fraudulent coins that cause family breakdown! Absolutely oppose Acorn Coin listing!]
Those gathered at the entrance of the building were victims of the Cycash scam.
Looking at the placards and banners, as well as a microphone and amplifier, it seems that they did not intend to go out with a moderate amount of noise.
Park Tae-sik, who came belatedly to the window, lets out a voice full of resentment.
“No, if you’re going to do something like that, you should go in front of Beat Hit. Why are you doing that to us, you bastard?”
“Beat Hit has been suspended. So, what’s the point of going and protesting?”
“Is it meaningful to protest here?”
Anyone who knows a little about the concept of virtual currency can know that the protest is a live house. But in reality, most people don’t even know what cryptocurrency is.
“Woohyuk, let me go down and explain everything. When the misunderstanding is resolved, those people will stop protesting too.”
“Don’t work in vain. Those people came because they knew we had nothing to do with Cycash.”
“You know? If you know, why are you doing that?”
“that… … Look over there.”
Broadcasting station vehicles arrive at the place where the protesters are gathered.
There, while the filming equipment was unloaded and broadcast settings were in progress, the demonstrators began a full-fledged demonstration.
– Wake up the WHTS company! wake up!
-What do you mean by listing fraudulent coins? What do you mean!
From the time the protesters gathered, the arrival of the broadcasting station vehicle, and the timing of the start of the protest, everything seemed to fit together like a play.
“If we see a demonstration like this ahead of the listing, our image will go downhill. So if you don’t like that, you’re asking them to give you rice cakes.”
“Wow, they are real puppies.”
“I guarantee you that people are worse than animals.”
Park Tae-shik, like an orangutan, huffed and puffed, as if he was going crazy because of the unfair situation.
Meanwhile, Gong Min-jun approaches.
“CEO, even if it’s dirty and despicable, wouldn’t it be better to give a reward and dismiss it? Cycash has nothing to do with us, but public opinion won’t be bad if we announce that we are morally responsible.”
“The moment we give a reward for any reason, we become involved with Cycash.”
From noble mtl dot com
“That’s true, but the listing is starting soon, so we can’t keep protesting in front of the company.”
Gong Min-jun’s opinion is extremely correct. If it were a general company, they would have made the choice to give compensation and send it back, even if it was because of image management.
However, the coin board I know is a place where there is no answer if you approach it like a general company.
‘Images don’t matter at all in this edition. The key is whether or not it can stimulate human greed.’
* * *
WHTS Company was not the only place to watch the public opinion trend of Acorn Coin.
BitFever, an American virtual currency exchange, was also collecting public opinion on Acorn Coin from all over the world.
“On Korean portal sites, only negative news is being uploaded one after another.”
“Is there a video of scam coin victims protesting in front of WHTS Company on the broadcasting station?”
“The same goes for the Korean community. There are dozens of pages of posts promising to sell all acorn coins at the same time as listing… … Jane, is this okay?”
can it be okay Negative news is pouring in like a carpet bomber, so only sighs are increasing.
“Whoa… … .”
Jane is regretting that she pushed hard on this acorn coin. No, the regret had already been done a month ago.
‘Why didn’t I cancel the listing.’
When asked why, there was no logical explanation. The Acorn Coin listing was high risk, low return.
Jane tapped into the US cryptocurrency community, hoping the news wouldn’t spread halfway around the world.
However, to the dismay of her expectations, the negative news of Acorn Coin was scattered throughout the American community.
In particular, the news that free coins were given only to Cy Club members was met with great opposition from the American community.
-Coins are distributed only to Korean SNS subscribers? What a f*cking idea.
– There are 32 million subscribers to an SNS called Cy Club. I don’t have to explain what would happen if all those people got an acorn coin and tossed it…
– It will collapse at the same time as listing. Bye Bye Acorn.
-The Korean media seems to have already judged Acorn as a scam. Search yours too. #Cyclub #Cryptocurrency
Looking around Korea, the US, and other virtual currency communities, there seems to be no hope.
Even while she sighed in succession, time passed silently, and the time to list Acorn Coins approached.
“It’s 10 seconds before listing.”
The atmosphere at BitFever’s office had already sunk to the point where it couldn’t be lowered. Seriously, no one does the countdown every time a new coin is listed.
“Acorn Coin… … Listing complete. It went up to the server normally.”
As soon as the listing is completed, the graph displayed on the monitor in the control room fluctuates.
The starting price of Acorn Coin is $1.
However, immediately after listing, trading begins at a 30% drop in price.
“Price keeps dropping. At this rate, I think it will go down to -50% within a minute.”
“There are many visitors, but the transaction volume is not as expected. It seems that the transaction did not go smoothly because there were few buyers.”
Jane wrinkled her nose. I was prepared to some extent, but I didn’t expect it to fall this fast.
“How about the Korean exchange?”
“That’s not a very good situation either. Maybe even worse than us.”
In Korea’s coin-up, there are people who bought acorn coins at the previous IPO and people who received acorn coins for free with this airdrop.
The two groups were flocking together and selling coins like crazy.
As a result, while the market price was maintained at -30% in CoinFever, the Korean market price had already fallen to -50%.
“If the Korean exchange market is at that level, the United States will soon be in the same situation. It’s already down to -38%!”
“The Korean market continues to go down. -56%, -58%, coming soon to -60%!”
“Jane, there is no time! Make a decision quickly!”
CoinFever received 300,000 Acorn coins as a reward for this listing. So, in order to minimize the loss, I had to sell all the acorn coins I had even now.
But what if as many as 300,000 coins are released to the market in the current market?
‘Then the acorn coin is really over.’
Jane entered Django. It was a matter that could not be easily decided because it was a matter of trust in CoinFever.
However, as the chart went down, it was unavoidable that the weight was shifted to the practical side rather than the cause.
“We are also ready to sell.”
After giving instructions, Jane picked up the phone. As a business partner, I was thinking of keeping the minimum manners.
Tou… … Tou… … .
After more than 10 beeps, the call is connected.
-hello.
“It is me. Are you looking at the market price of Acorn Coin?”
– I’m watching. It seems to have a slight swelling.
“It’s not going to be a bit high. The Korean side is already -60%. At this rate, it might go down to -90% within today.”
-hmm… … okay. By the way, what did you call about?
“I contacted you to notify you of the sale.”
– If you’re like me, I’ll wait longer.
Despite being driven into a pinch, there was no impatience in his voice. It was a voice that still sounded confident and charming.
But now I won’t be shaken by that voice.
“sorry. That’s too much to ask.”
– Then there’s nothing you can do about it. Good luck.
It wasn’t enough even if I asked him not to sell it, so the other party hung up the phone first.
Jane laughed out loud in embarrassment.
“What kind of people are there?”
Jane intended to sell all of her coins once the call was over. But his bizarre behavior made her hesitate.
‘It feels strange. Let’s wait a little longer.’
About 30 more minutes passed like that.
There has been a change in the chart that kept flowing. It’s subtle, but the graph raised its head.
It was such a small change that no one but Jane cared.
Then, the swinging amplitude of the graph slowly starts to increase.
-34%, -32%, -28%, -16%, -9%… … .
The market price, which had gone down to -38%, reversed to -9%.
I stopped here and wanted to go down again.
-11%, 0%, 14%, 36%, 55%… … 116%.
Coin prices soared more than doubled in an instant.
Everyone was so shocked that they were at a loss for words. This is because it is the first time that a listed coin has ever rebounded so dramatically in such a short period of time.
“Look at what just happened! Hurry up!”
The monitoring staff shouts as soon as Jane, who is out of shock, gives orders.
“Ear, gray whale moved!”
The gray whale was a slang word for a big hand who appeared out of nowhere two months ago and swept away $40 million worth of Bitcoin.
“He swept 5 million acorn coins.”