Jail Kwon – The World’s First Educate2Earn Token Skyrocketed by 500% On News Of Arrest Warrant Against Terra’s Founder
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LAS VEGAS, NEVADA / September 23, 2022 / According to data provided by cryptocurrency watchdog Messari, the value of the newly introduced meme coin known as Jail Kwon surged 500% on September 14th, reaching a peak of $0.00128. The fact that the South Korean authorities have issued an arrest warrant for the creator of Terra is the main factor behind the sharp increase in the price of this currency. Although its value has declined since then, the token is still up more than 280% since the previous day.
After the collapse of Terra’s ecosystem, a group of investors who had suffered significant financial losses from that disaster formed a company, Jail Kwon.
It is important to note that almost immediately after the collapse, rumors began to emerge about the possible fraudulent activities of the ecosystem administrators. These rumors spread so quickly that it didn’t take long for the Korean authorities to announce that they had launched an investigation into the matter.
This investigation led to the issuance of Do Kwon’s arrest warrant a few days ago, namely due to concrete allegations that he committed illegal acts that were uncovered throughout the investigation. In addition to this, Kwon was also investigated for past concerns before the collapse of Terra.
It is not hard to imagine that in such a situation, both the legal authorities and the investors concluded that Do Kwon was criminally culpable for the events that took place, and would take whatever steps they deemed necessary to remedy the situation. While the Korean legal system may have issued an arrest warrant, frustrated investors may have used a specially designed token.
Binance Chain is the blockchain platform on which the JKWON coin was launched earlier this month. There are tutorials on how to buy JKWON on Binance and Coinbase. Jail Kwon can also be traded on PancakeSwap, a decentralized exchange. The Jail Kwon brand also has a training program. Contributors who provide crypto-themed educational content are paid with JKWON tokens. The initiative is doing well in South Korea, as evidenced by the token’s recent market cap. This may continue for a while, so the demand for this token may suddenly increase several times, Jail Kwon’s time has just started from the issuance of the arrest warrant, there is a possibility of a huge pump when the arrest and trials begin.
By using Do Kwon Popularity and Social Media Since Luna’s death, this initiative may be the first of its kind to focus on education to generate income. It could potentially be the next Dogecoin (DOGE), SHIBA Inu Killer (SHIB) and even surpass SAFEMOON (SFM).
About Jail Kwon
With the LUNA crash still fresh in people’s minds and Bridge Exploits and NFT hacks happening daily, the Jail Kwon team decided to create a project to educate the community about crypto dangers. They believe that there would have been fewer losses if people knew how algorithmic stablecoins work. If consumers knew how to terminate smart contract sessions, phishing and NFT fraud would decrease. People are losing their life savings due to lack of crypto information. This gave rise to the concept of the world’s first Educate to Earn app. It allows you to upload material that you believe will benefit the crypto community and advise others on how to avoid bad investments and scams. You can broadcast from online safety on Tiktok, Youtube, Instagram and Twitter to get $JKWON airdrops.
Media contact information:
Company: Jail Kwon
Person: Robert Piget