“Dear Terra community, I understand that the last 72 hours have been extremely difficult. Know that I am determined to work with all of you to get through this crisis,” Kwon said at the time.
The history of “king of lunatics” it is similar to that of young cryptocurrency geniuses who achieve overnight fame and abundance.
Kwon was born in Seoul in 1991studied Computer Science at the prestigious Stanford University, United States, and worked as Software Engineer at Microsoft and Appleuntil he founded Anyfi, its main technology company dedicated to developing connectivity alternatives.
After finishing his degree and carrying out his initial project, he later co-founded Terraform Labssoftware developer based in Singaporeand with which he achieved fame thanks to the blockchain-based payment system.
Now, Do Kwon is accused of being responsible for the crypto crash and collapse. That is why it is shown on Twitter, through its official account, and tries to once again develop trust in Terra users who positioned Luna as a successful cryptocurrency: “We always think of a long-term project. Short-term difficulties term does not define what we are capable of achieving. We are here to stay and we will continue to make noise”.
A group of investors was baptized as “the lunatics” by Do Kwon, for being the first to bring trust to their cryptocurrencies.
With a rapidly escalating fame, the programmer gained the trust of many bigwigs who invested in the world of cryptocurrencies.
The difference of Luna and Terra with Bitcoin
Lunabitcoin.jpg
The Do Kwon cryptocurrency, with its fleeting climb, began to rub shoulders with Bitocoin and Ethereum, the two main and most famous cryptocurrencies in the world.
Unlike bitcoin, whose creator or creators are unknown and therefore the system operates without a person seeking funding, the “Kwon coins” -as they are known in the cryptocurrency environment- are linked directly to a person.
Source: Ambito
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