JailKwon meme coin was launched by a crew with the initiative to punish Terra founder Do Kwon, who’s allegedly answerable for the collapse of the LUNC coin, previously Luna coin.
Do Kwon is the founding father of TerraForm Labs, which launched the Luna coin & UST stablecoin. Luna & UST was internally linked to keep up the value of every UST coin precisely equal to the $1 worth however virtually this enterprise mannequin was impractical, which collapsed badly within the mid of Might of this yr. Later the crew re-launch a brand new Luna coin and renamed the outdated Luna coin as LUNC coin.
On 3 September, a brand new token “JailKwon” was launched by a gaggle of individuals, which aimed to push crypto schooling to maintain harmless individuals away from dangerous crypto property.
Proper now this new coin is offered to commerce on Binance blockchain-based Defi protocol PancakeSwap, the most important decentralized change on the BSC community. This coin aimed to remind the crypto group concerning the previous incident that occurred with the vast majority of the Crypto Traders, who invested within the LUNC coin.
So mainly JailKwon seeks to place Terra founder Do Kwon behind the bars, as a punishment.
Whitepaper doc learn:
“Each time you see or hear Do Kwon, LUNA, (or) LUNC the Jail Kwon token won’t ever be removed from thought additionally added that Kwon’s infamy would supply the token with a lifetime of “free advertising and marketing and spontaneous pumps.”
A consultant of JailKwon additionally shared some distinctive details about the undertaking crew and famous that they’ll present a greater gentle among the many crypto buyers concerning the incident that occurred with the Terra undertaking and in addition will clarify why it occurred & additionally what we should always be taught from such undertaking outages.
Few experiences famous that such meme cash might absolutely act as a greater data supply, which is devoted to pushing crypto schooling & conscious individuals from the unhealthy enterprise mannequin, so it should additional assist to push crypto schooling.
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