The news of the release of Arirang Coin brought a cataclysm to the cryptocurrency market.
It is true that virtual currencies have been operated by specific organizations or individuals, and ordinary people have been reluctant to invest due to lack of reliability.
However, this Arirang coin is not a project certified by the Korean government.
Because of this, ordinary investors who had been hesitant to invest so far flocked to the virtual currency exchange.
[Arirang Coin Blitz Release! Promising digital currency with the 4th industrial revolution.]
[Estimated interest rate of 20% just by depositing assets (staking)!]
[Government’s dazzling achievements. Arirang Coin exceeds $2.3!]
[50 billion won in one day of launch. Scary coin frenzy. Early investors have already reaped 20 times the return.]
The price of Arirang Coin, which was launched at $0.1, soared to $6 in just five days after its launch.
The price kept going up, the interest was paid generously, and the government certification was received, so it was impossible not to attract investment money.
“The value of the coin we just created is 150 billion?”
The skyrocketing price of the Arirang coin was a result that even Choi Myeong-ja, the person who created the coin, could not believe.
“It was 150 billion won at midnight yesterday, so today it must have increased more than that. Because the market has already risen by about 8%.”
“This is a dream. crazy! It’s really crazy!”
After hearing Na Min-seong’s explanation, Choi Myeong-ja gets more excited and snorts hotly.
“I am pro. good job. I like it very much. I fully appreciate it.”
“Did I tell you? Sucking money in this game is to lie down and eat rice cakes. Besides, this is free from legal issues, so in the future… … .”
“no. I have to commend myself for finding a gem like a pro. Ho ho ho.”
Choi Myung-ja looks at coin market charts and internet news while praising himself. Then, I called my acquaintances to see if I could not do it because my mouth was itchy.
When she starts calling, an hour is standard, so Na Min-seong quietly gets up and goes out to smoke.
“Ugh, that raging b*tch. Because I don’t listen to what others say.”
Choi Myung-ja, evaluated by Na Min-seong, was ignorant, greedy, and even selfish.
However, because the power she possessed was so strong, even a small ability could garner huge amounts of money and privileges.
‘If you stick close to that b*tch, you’ll have a chance to fly. Until then, I have to endure no matter what.’
From noble mtl dot com
When he finished smoking and went back, Myeong-ja Choi was looking for him anxiously.
“I’m a pro, where have you been! You’ve been looking for a long time!”
“I smoked a cigarette for a while… … But what were you looking for?”
“A coin can drop to 0 won in an instant? Is that right?”
Seeing that suddenly, I must have heard something from an acquaintance I was talking on the phone with.
“Coin does not have a safety device against falling prices, so it could theoretically become 0 won.”
“Then you should sell it quickly and turn it into money! They say the price has gone up a lot now.”
“Scam coins or coins like ours don’t have that. And judging from the current trend, a more solid upward trend in the future… … .”
Na Min-seong has been talking about the market situation and the structure for a long time, but Choi Myung-ja does not listen this time and continues to ask me questions.
“Scam? What are you doing?”
“It means a fraudulent coin that is lost after taking a fortune.”
“That’s the coin we made! Sell quickly!”
“… … .”
Namjoon was speechless for a moment.
“Madam, please calm down. Arirang Coin won’t fall easily because it has been certified by the government.”
“Really?”
“You can believe it.”
Despite the answer, Myungja Choi’s eyes were still full of disbelief.
“What did that acquaintance say?”
“Well, I didn’t say anything. over there, what is it He said that if the parliamentary audit is held, it could become a target for attack by the opposition party.”
“Even if the opposition party attacks, there will be no big problem because a similar coin called Acorn Coin is already being used openly.”
Arirang Coin was a coin copied from Acorn Coin from structure to operation method.
So, as long as the acorns were intact, pointing out the structural defects of the Arirang coin was meaningless.
“And can an opposition lawmaker who is conducting a parliamentary audit understand and unravel the complex structure of virtual currency and explain it to the public?”
“Oh no, I can never do that. How do you explain this to the public? Just looking at the words makes me gag.”
“Exactly.”
Na Min-seong nodded and smiled.
“It is said that the number of domestic coin investors has exceeded 70,000. So, if the opposition party clumsily poked with virtual currency, it would only face a headwind.”
* * *
In the meeting room of WHTS Company, an emergency meeting is in full swing.
The topic is acorn coin price stabilization.
The facial expressions of the team leaders attending the meeting are not good.
Even last week, it was said that it would keep the 30 dollar line, but it was because the market price skyrocketed again in just a week.
“The development team issued an additional $100 million worth of Acorn coins this week alone. Still, as we all know… … It broke through the $60 mark.”
The voice of Lee So-young, the leader of the development team, is weak.
This time there was a huge reef called the government, so I didn’t blame myself too much, but I couldn’t help but have a dark expression.
“The government says that virtual currency, the 4th industrial revolution, and the creative economy will be bundled together to promote greater publicity.”
“The price will continue to rise for some time to come.”
“It’s a really big deal. If this bubble bursts in an instant… … Will you be able to afford it then? If the acorn coin shakes, Cy Club and Watts will also shake.”
All that was said in the conference room was a negative outlook. If we leave it as it is, the atmosphere of the meeting will break through the floor and end up in the basement.
I clear my throat lightly and draw my attention this way.
“Accounting team. How is the overseas account management going?”
“We deposited 80% of the proceeds from this new coin sale in cash. At about $76.5 million, tax problems seem unavoidable at this amount.”
Taxes are always a problem when holding coin sales in cash.
However, moving it to a tax haven was the same as it would be difficult if an investigation came in.
“I can’t help it. Change a certain amount to Bitcoin and Ethereum.”
“Then the cryptocurrency market will go up.”
“It’s already gone up a lot, will anything change if you go up a little more here?”
“All right. As per the existing policy, we will convert 70% of the new coin sales into virtual currency.”
Then, as I was about to move on to the next topic, the conference room door burst open out of nowhere.
“Oops, it’s a bit late.”
It was Gong Min-jun from the SNS development team.
Sweat was forming on his forehead as if he had run to the conference room, but his expression looked brighter than ever.
“Looks like the test results came out good.”
Hearing my question, Minjun Gong gives a thumbs up.
“It’s perfect. Even if I apply it right now, it works so fast that there is no problem.”
“I’m so glad.”
Others in the conference room were looking curiously at what we were talking about.
I decided to introduce the item to be released this time.
“The system just tested is a coin reward system that gives you acorn coins as a reward when you use social media.”
Watts has been preparing a coin reward system since the beginning, so the employees are not too surprised.
“In the future, coins will be paid for all actions such as uploading, sharing, liking, receiving, or commenting on social media.”
If acorn coins are scattered as rewards, the number of users of Watts will increase explosively. It will be adjusted to the market price with free coins scattered in large quantities here.
In a word, it was a strategy to catch two rabbits at the same time.
“CEO, I have a question for you.”
It was Lee So-young’s voice. I nodded my head to say something.
“Wouldn’t acorn coin holders resist if we spray coins in large quantities when the market is overheating like now?”
“Why are you protesting?”
“Yeah… … As the number of coins increases, the value goes down.”
As if waiting for her to speak first, other team leaders also voice their concerns.
“I also think it is a policy with a big backlash. Especially when the market is overheating like it is now, the anger of investors will be enormous.”
“CEO, I don’t think the time is right. How about slowing things down a bit?”
“It might be a way to give less coin rewards. To the extent that there is no impact from the market, very little.”
“No matter how much you set, the act of giving coins for free will cause a stir.”
According to everyone’s stories, it was the opinion that the issuance of free coins should be decided carefully, as the timing is the timing.
After listening to everyone’s story, I opened my mouth.
“It is very strange. A group of people who are infinitely tolerant of mining meaningless use of electricity with computers, and feel like something big will happen if you give them coins as a reward for uploading videos.”
This time, not a single voice refutes it. Even if I look at each person, everyone averts my gaze.
“Isn’t it much more productive to upload a video that you can watch and enjoy rather than having a computer do calculations using electricity?”
“That’s right, but… … Mining has been around since the early days of cryptocurrency, isn’t it?”
“okay. The difference in perception was the problem. Then we should change the name of the coin reward system.”
The name came to my mind at the same time as I thought. It was a simple yet intuitive name.
“From now on, we will name the official name of Coin Rewards as Social Mining.”
* * *
WHTS Company’s social mining put a brake on the rapidly rising Acorn Coin price.
The acorn coin, which once peaked at $60, fell in half immediately after the announcement and fell to $30, barely maintaining the $32 line.
In response, acorn coin investors issued a statement criticizing the WHTS Company as a group, and some were even protesting to withdraw the social mining policy.
“Mr. President, the price of Acorn Coin is falling steeply with the announcement of social mining. According to experts’ analysis, it could go down by at least 30% from now, and in the worst case, it could go down to less than $ 9.”
Softpou, which invested in Acorn Coin, also reported reports related to virtual currency.
All of them were negative reports, but Chairman Shin Jeong-eui, who was the one who made the decision, seemed not to care at all.
“Who are the subscribers?”
“Which subscriber are you talking about?”
“What about the trend of Watts subscribers? Are you rising or falling?”
The secretary hurriedly returns the phone and takes over the relevant data.
“The total number of subscribers was 25 million by the end of last year, and we estimate 43 million in February of this year.”
“It doesn’t mean that the subscribers dropped out and the precipitation was not made.”
“That’s right.”
President Shin Jeong-eui gently closes his eyes and is lost in thought.
‘What on earth is the gonom trying to show?’
After a few minutes, the secretary calls again. The secretary screams in amazement upon receiving the call.
“Hey, Chairman. This information has just been updated… … .”
“What are you so surprised about?”
“Since the announcement of social mining, the number of Watts subscribers has been increasing by 20 million per day.”