The founder of Softpow, who came without notice, and the chairman of Shin Jeong-eui, the richest person in Japan.
He talked for about 2 hours in the drawing room of WHTS Company and then went back to Japan.
“after… … .”
Because of the strange pressure he feels, mental fatigue is no joke even though we just sat and talked together.
“President Shin Jeong-eui. Certainly not a normal person.”
Such a person approached me out of personal curiosity.
This was an opportunity. A genius opportunity to attract the owner of a world-class investment company to the realm where I stand.
I tried to capitalize on that opportunity by pitching the offer in the way he would be most interested in.
‘You can’t be led around because your opponent is a huge whale. This is my area of expertise. I have to set the stage so that I can take the lead.’
I straightened my upper body, which was slanting, and listened to the intercom in the parlor.
“Team leaders in the company, please send them to the parlor.”
My words ran out and within 5 minutes, everyone at the level of the team leader gathered in the parlor.
They must have been curious about what Chairman Shin Jeong-eui said, so it seems they were waiting for me to call.
“As you all know, the president of Softpow, Jung-eui Shin, has just visited. We talked about this and that, but among them, you should know… … It is an investment.”
It’s a reaction that everyone expected. You would have thought that that was the only thing the chairman of a world-renowned investment company could come to Korea to talk about.
At this time, Lee So-young of the virtual currency development team asks a question.
“CEO, is there any reason we need to receive external investment? With the issuance of acorn coins, the in-house funds are sufficient.”
Following her, team leader Gong Min-joon also comes up with a word.
“Softpow owns Japanese telecommunications companies, financial companies, insurance companies, and even portal sites. I think it’s okay to hold hands when you think of service linkage.”
“I heard that Watts has already successfully settled in the Japanese market? By the way, do you need an affiliation?”
“The reason why I have to go the hard way with the easy way in front of me… … .”
“I want the company to run on our own, without outside intervention.”
Gong Min-joon looks embarrassed and gives me a helping look. It was an expression that he did not know that Lee So-young would come out against it so strongly.
“It is true that I talked about investing with Chairman Shin Jeong-eui. I’ve already rejected it once, but he still regrets it. So I asked for an investment by purchasing an acorn coin.”
A startled reaction emerges from among the team leaders. This is because investing in coins, which are not money or stocks, was unprecedented.
Of course, the person who was most surprised here was Lee So-young, who oversees Acorn Coin.
“Now, wait a minute. A big investor like Chairman Shin Jeong-eui buys acorn coins? Are you kidding me?”
“It’s not confirmed yet, but I think it’s quite possible.”
“Nonsense. I never thought this day would come… … .”
Lee So-yeong was more excited than before, and her mouth opened and she didn’t know what to do. Gong Min-joon, who saw that, asked as if he was curious.
“Is it really that great to be invested in acorn coins?”
I didn’t even have time to speak. Lee So-young pours out words like a rapid-fire cannon.
“It’s great! The act of buying Acorn Coins by Softpo, a world-renowned investment company, is the same as acknowledging virtual currency as an investment product!”
“What’s the difference if they admit it?”
“Financial companies dealing with virtual currency as an investment product will increase. That means… … It means that a huge amount of capital is pouring into this board.”
Huge capital in the financial world.
The other team leaders show lukewarm reactions as if they have no idea even after hearing Lee So-young’s explanation. You must be thinking about how much it will come in if money comes in to the piece of data.
If I hadn’t experienced the ‘coin frenzy’ myself, I would have thought similarly to them.
“This investment may fluctuate the cryptocurrency market.”
“Do not worry. Acorn Coin has a manual designed to respond to any situation.”
Lee So-young raises her voice as if she is confident.
“Still, just in case, please prepare as much as possible. This could be an out-of-standard tsunami.”
When the real virtual currency surge comes, the whole nation, no, the whole world will fall into the festival of madness called virtual currency and go crazy.
The festival was originally from the second half of 2017, but if a major issue like this one breaks out, the timing may be moved forward by more than a year.
* * *
“With this decision, there are signs that the People’s Bank of China will slightly reduce the reserve requirement ratio. Therefore, the need to readjust the consensus is emerging… … .”
Softpaw’s morning meeting, always on the same topic at the same time.
Normally, President Shin Jung-eui would listen to briefings on any topic until the end, but today, in an unusual way, he raises his hand and stops the briefing.
“The news from China is enough. Next, I would like to hear a report on the virtual currency I ordered yesterday.”
As soon as his words fell, the two people sitting across from him jumped up. All of them were famous IT experts called super elite in Japan.
“I will start with the basic principle of virtual currency you mentioned. Cryptocurrency refers to assets that are not real and are traded online, and Acorn Coin can be considered a cryptocurrency. What is this cryptocurrency… … .”
From noble mtl dot com
It was never easy to understand the concept of virtual currency through a few pages of a report.
The explanation inevitably had to be long, and the expression of President Jeong-eui Shin, who was listening, gradually grew tired.
“Here, the encryption technology is based on blockchain in a P2P network… … .”
Chairman Shin Jeong-eui, who hadn’t heard of it, knocked on the desk.
“Look. What I want is not a technical understanding, but whether it has value as an investment product.”
“that… … Since it is being traded online, I think it falls into the category of goods.”
“Then there won’t be any big problems.”
Chairman Jeong-eui Shin came to a simple conclusion. Then, this time, the executives of the investment company raised their voices.
“Chairman, according to our research, virtual currency is a very imperfect currency.”
“I agree. It is so unstable and vulnerable to external attacks that we have to consider whether it is right to call it currency.”
“The problem is that some owners have too many stocks.”
Chairman Jeong-eui Shin listens to the pouring opposition silently and only opens his mouth after he has become quiet.
“Acorn Coin has a system that gives interest when deposited like a bank deposit. But do you know what the interest rate is?”
He smirks and laughs to himself, then throws out a word.
“11.9%”
When the double-digit figure was released, snorts erupted from everywhere. Bank interest in Japan was at most 0.5%, and most of the developed countries were also paying less than 5% interest.
However, it is inevitable that a digital currency company, not a bank, is giving a high interest rate of 11.9%.
“What do you guys think of this?”
Negative opinions pour in as if they were waiting for the president’s words.
“It is nonsense. Double-digit interest rates are acceptable for banks in South America, where risk is high.”
“If you pay that kind of interest, the money will run out in two or three years.”
“That would be like a Ponzi scheme.”
The Ponzi scheme refers to a scam in which a high interest rate is used as a bait to constantly recruit new subscribers, and then the money is used to pay interest to the early investors to survive and disappear for a moment.
“I also encountered cryptocurrency and had similar thoughts. The structure is very similar to a Ponzi scheme.”
“By the way, are you saying you want to invest?”
“But aren’t they making money with a service called Watts?”
“No matter how promising Watts is, continuing to pay 11.9% interest is impossible.”
President Shin Jeong-eui muttered while staring into space as if searching for a memory.
“When Watts entered the Japanese market, everyone said it would fail. But what was the result?”
“This case is different. The outcome of the unreasonable interest rate of 11.9% is obvious, isn’t it?”
“Can you take responsibility for that?”
“that… … .
The executive, who had been speaking passionately until just now, is speechless. Nine times out of ten he would fail, but the thought of not knowing made him hesitate.
“Unlike you, he was confident this time too. If I had asked about success or failure, I would have said that I succeeded without hesitation.”
In fact, Chairman Jeong-eui Shin had already made up his mind before the meeting.
Rather than the concept or possibility of Acorn Coin, I decided to bet on the confidence of Daniel Shin who requested investment.
* * *
The news that Chairman Son Jeong-eui came to Korea and visited WHTS Company turned the virtual currency industry upside down.
Bitcoin, which had been sideways at $700, broke through $1,000 in one day, and Ethereum and Litecoin also continued to rise by more than 80%.
While all cryptocurrency investors were busy screaming happy due to the crazy surge, there was the only group that couldn’t join the trend.
Ironically, it was the acorn coin investors who were the center of this issue.
– It’s really too much. Bits, ete, and even Dogji, which is a dog job coin, are going up, but how long should acorns stay like this?
– That’s right! You can’t stand it. Let’s visit WHTS Company.
– Freedom to Acorn Coins!
Everywhere in the virtual currency community, there was an atmosphere of denouncing acorn coins.
This is because while other coins soared from 50% to 80%, only Acorn Coin remained unmoved at $9 until the end.
-I can not help it. Be satisfied with the interest that comes out every now and then.
-No, I don’t know if it’s a penny or two, but the ete has risen by 80%!
-Originally, acorns are bought for safety. I should have bought Ethereum or Dogecoin instead of Acorns to take advantage of the market price.
– But this is not it. How long are you going to keep $9? I have to go to the company and protest.
– I’m going too. I can’t be stressed out.
-Oh oh! Let’s join forces!
When he breaks into the company, he leaves Mani, and while he is making a lot of noise, someone brings a price chart.
-uh? $9 Acorn Broken? It’s 10.2 dollars.
-what? Is it an exchange error?
– In the past, I went to $10 due to an exchange error. It came back to $9 on the road in 30 minutes… but it seems to be the same this time?
-It’s $10.2 on CoinFever too.
Acorn Coin automatically printed a new coin when it exceeded $ 9, so structurally it could not exceed $ 9.
However, as the market price suddenly surpassed 9 dollars and was heading towards 11 dollars, everyone had no choice but to panic.
-Has there been any big news? So if the price is skyrocketing.
– Even if it surges due to good news, if you print new coins infinitely, won’t the price go down again?
-Theoretically, if there are more buyers in the market than the speed at which new acorn coins are printed, the market price will inevitably rise.
-Ah, there’s no way that would be possible.
At that time, someone scratches the breaking news that has just been uploaded.
[Softpaw’s bold move. Invest directly in virtual currency Acorn Coin. The amount of investment is expected to exceed 30 million dollars.]
It was the appearance of the great good news that everyone had been waiting for.
Starting with the appearance of the breaking news, the price of Acorn Coin, which was in the early $10 range, began to soar in a cascading fashion beyond a surge.
-Hup! $10.6! It is correct that the price fix is broken.
– In Korea, it is 10.8 dollars. Would you go for 11 dollars like this?
-The company seems to have let go of it because there is too much money. Otherwise, there is no way it will rise like this.
-12 dollars. $12.6…
– No, it goes up because I dig it.
Breaking news broke on this day.
In just one day, Acorn Coin will record a 130% surge from $9 to $20.6.