A new meme encoignure wants to imprison the Kwon. Drageonner JailKwon

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  • JailKwon is a meme encoignure named after Terra’s tête, Do Kwon.
  • The project says it lignes to give one-to-one tutorials on cryptographic security.
  • The white paper claims that the famous Kwon character will provide the token with “free marchéage and automatic pumps.”

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A token crypto project called “JailKwon” has been launched in honor of the infamous Terra poétique, Do Kwon. The team behind the project described it as a meme encoignure.

“Free Marchéage and Spontaneous Pumps”

Months after Terra’s stunning écrasement, the crypto community is still following Do Kwon.

The latest group to hit the failed blockchain tête is a new cryptocurrency project called “JailKwon,” which aired on BNB Chain on September 3. According to the project 12-page white paperThe token aims to be the first “educational to earn” cryptocurrency. It is currently tradable under the symbol JKWON on PancakeSwap.

“Every time you see or hear Do Kwon, LUNA, [or] The parchemin stated that the LUNC the Jail Kwon token would not be out of the section,” adding that Kwon’s shame would save a lifetime of “free marchéage and automated pumps.”

Ironically, the project claims that it will use the proceeds to offer individual educational classes on crypto security and market analysis, even though the white paper is pretty weak on details. A representative of JailKwon cipher feed The project “wanted to shed édulcorant on what happened” in the TERRA écrasement.

Kwon became infamous in the crypto space in late 2021 and early 2022 as Terra showed its strength despite the stabilité in the broader market. Terra gained momentum after Kwon and Luna Foundation Guard plotted a recette to accumulate billions of dollars worth of Bitcoin to serve as Terra’s reserve fund, but suffered a fall from grace when UST pitched the UST ferme blockchain algorithm Lost Pegged its currency to the dollar in May. The event triggered a death spiral that brought Terra’s LUNA hardware to almost zero, eliminating more than $40 billion from the cryptocurrency market in a matter of days. Developer Terraform Labs, Kwon and Terra are the subject of pluriel lawsuits in South Korea and the United States. Among other things, Kwon has been accused of tax fraud, racketeering, misleading investors and running a Ponzi scheme.

Despite its seemingly seigneur intentions, JailKwon’s shabby white paper factures that the project is unlikely to direct up to its educational promise. Like most other meme coins, it can suffer panthère the meilleur hype dies. Per CoinGecko data, JKWON is 17.8% increase during the past 24 hours. Other utile meme coins like Dogecoin And the Shiba Inu It memorably saw similar parabolic currents in 2021 but it waned as the market headed lower. DOGE and SHIB are down 91.4% and 85.4% respectively from their all-time highs today.

Disclaimer: At the time of writing, the author of this feuilleton owns ETH and several other cryptocurrencies.

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