Do Kwon And The South Korean Government At Odds


Around the beginning of the summer, LUNA crashed from a position of over $100.00 to pennies in a matter of hours. The LUNA crash was prompted by the depegging of their stablecoin USD. Around that time, a lot of investors including myself were trying to talk the blockchain eco team into saving the token.

At that time, the founder Do Kwon and his team were adding trillions of tokens to the circulation, which pretty much killed any hope of LUNA being able to recover. There were multiple plans being offered by the community and even by the Binance founder Changpeng Zhao. The first idea was to burn the newly created LUNA tokens, but the problem was the number of tokens. With the new amount being in the trillions, there was no real way, a burn would work.

Keep in mind, that circulation with crypto is everything.

Rumors soon started to come to the surface about the moments before the LUNA crash. It was said that Do Kwon knew about the upcoming crash and offered information to help get some of the investors to cash out before the bulk of the investors were screwed. As new investors entered the community trying to help soften the blow, Do Kwon started to mint new tokens. Sadly, efforts fell by the wayside, and people started to ask about LUNA’s Bitcoin reserve.

After several tweets with the Binance owner, Do Kwon stated that they couldn’t use the reserve. He insisted that he used it to stabilize the USD stablecoin. However, things still didn’t add up. Investigations were called from multiple places and now South Korea has issued an Arrest Warrant according to

Due to the ongoing legal issues both LUNC which was the old LUNA and the new LUNA are both dipping in price. People are probably jumping because they do not want a repeat of May. In crypto, trust is perhaps the biggest factor when it comes to investing. If you cannot trust the project or the dev team, it’s hard to feel good about putting your money into their project.

There are questions about the handling of LUNA. Why did Kwon use all his Bitcoin, did he use it to try to save the project, and why did he add trillions of LUNA when people were trying to save the project by investing? Maybe South Korea will be able to get some real answers because most of us would like to know what happened to LUNA!

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Keeping An Eye On Shiryo Inu This Week!


If you are a gamer, and love games like Hearthstone, you will love Shiryo Inu! Shiryo Inu is a modern-day version of the games like Magic The Gathering and YU-GI-OH! It is projected to be perhaps one of the best NFT trading card games that will allows players to step into the play to earn arena! The whole play-to-earn feature is going to be huge in the gaming world. If you are a gamer, think back to WoW. Do you recall all of those spams we used to get in the general chat about buying gold? Some people would actually spend money to get gold, and even sell their accounts.

Well, let me first start by saying, I never bought gold. However, I might have shown a little cleavage to get enough gold to buy a mount once upon a time, anyway! Getting coins in games is a big deal for players. It allows people to buy new skins, new poses, and that’s just a start. If you play card games, you can buy epic cards which help in battles. Believe it or not, the gaming industry makes a lot of money on in game purchases! My household spends a lot of money on games each year! We are a gaming household with three different gaming computers. I play mainly two games at a time, while everyone else plays multiple! My daughter loves gaming so much that she decided to major in computers, so she would have the ability to stay home and work/play. Yeah, I don’t know how that works!

However, the idea of play to earn in my opinion, will be successful because people love gaming, and they will be willing to pay. So, let’s talk about Shiryo! Shiryo is doxxed! If you are new to crypto and you are unfamiliar with doxxed, it means the development team has a face and name. It is my largest holding because I am a fan of gaming. I have followed card games like Magic the Gathering and Yu-GI-Oh forever! I am not telling you to invest in the token because I have it, but at least check out the game feature! The token is super cheap right now. If you have 3.9 trillion right now, it will cost you 300 bucks! That means this token has 10 zeros. That’s crazy given the fact that this token has been mentioned in Yahoo finance!

It nearly lost a zero yesterday, so it’s only a matter of time before the zeros pop off. What does it mean for those of us who own trillions???? Well, we get to buy more crypto!! The team has put a little something something in place! I will post it here!

As always, I am not a financial advisor! Have a great weekend.