Chapter 135

Because of me. It was January and February when we moved busily and accomplished a lot. Buys an office building in San Francisco and finally moves the company. “It is wide.” “nice… … . Now you have some space.” The 2nd to 6th floors were used as offices for Earth Resources. The 7th floor will be used as a restaurant for the time being, and interior work will begin on the 1st and 8th to 20th floors. The plan was to move it upstairs once it was finished nicely in a month. The restaurant business decided to enter into a one-year partnership with a high-end hotel franchise. 15 cooks will be dispatched.” “Well done.” “A meal for one employee is $130. Money going out every month… … .” “Jongyeop-ah, let’s not save on food. If you eat delicious, nutritious food, it will do just as much for you.” As much as in the restaurant, I wanted to give the best satisfaction to the employees. Even if you bring friends or family, you are allowed to eat to your heart’s content. Unlimited drinks, including beer, at night. Although there may not be many people using it due to the nature of the United States, where people leave work on a regular basis after working hours. ‘I can increase the satisfaction of my employees without spending a lot of money.’ The publicity effect was also great. 〈In-house cafeteria of Earth Resources that is more luxurious than a hotel〉 〈A company cafeteria where anything is served if you order food one day in advance〉 “Eat whatever you want. Earth Resources uses only the finest ingredients＞ It was reported by the media, and the video filmed by the broadcasting team was registered on Earth Channel and achieved 60 million views. In the new year, the sales of the calculation, cloud, shopping mall, and coin divisions increased rapidly as if they were competing. 〈 Earth's first quarter net profit is estimated to exceed $8.2 billion〉 〈Earth Resources estimated to grow by more than 30% from the fourth quarter〉 〈#1 Fastest Growing Company in America〉 Articles about Earth Resources often appeared in economic newspapers such as the Wall Street Journal and The Economist. However, the forecast articles were not accurate. ‘I don’t disclose the amount of sales, so I don’t even know the details of the economic newspaper.’ Net income for the fourth quarter of last year exceeded $9 billion. The field of computing based on Sourcecoin was steadily generating cash. Cloud sales increased by signing contracts with Internet companies. The shopping mall division acquired a California department store chain and fell into happy trouble. “During the Christmas sale, sales are said to have tripled compared to the year before.” “Okay?” “Yes. That’s an unbelievable rate of growth in sales.” After taking over a department store that was on the verge of bankruptcy, sales soared, and there was no need to worry about layoffs or closing the store. Every time I buy a department store product, I pay a source coin as a bonus, and I sell items that don’t sell well online, so there is no shortage of inventory. “We need to recruit additional staff for our offline business. Many brands have expressed their intention to reopen in department stores.” “Then do so.” Acquisition of a department store to ease the burden on the shopping mall division. MK Department Store was renamed Earth Department Store and operated, but who would have known that it would hit the jackpot again with this?. The shopping mall division, both online and offline, was achieving remarkable sales growth. Although the Earth Channel was negative in terms of cash flow from investment shortly after opening, its market share steadily increased even without marketing. ―Diane: I think life in Los Angeles is good, too. ―Diane: It’s such a nice building, so the morale of the new staff is high. As Earth Resource moved, the content division moved to Los Angeles. Because of the difficulties in living for the employees, it was decided to provide housing for two years, along with moving expenses. ―Kim Shin: I’m glad you like the staff. The interior of the office can be decorated as Diane wants. ―Diane: Really? -Kim Shin: Of course. Diane is the CEO of Earth Channel. As Earth Resources developed in the blink of an eye, employees were promoted quickly. It could be said that it is a characteristic of a startup, and the business ability grows together with the company. The coin division went mad as the price of Bitcoin passed $30,000. -Kyung! Source Coin breaks through $30. axis! ―SOURCE COIN 100 Dollars GAZaaa! -100 dollars? I think $100,000 should go! ―I have been deprived of all my property since last summer. Ha ha ha ha ;;; -I envy your courage. ―I hope that Source Coin will release about 100 billion like Ripple. ―It’s a pity that it’s loosening up little by little. If the transaction volume increases, people will flock to i,t and the price will rise. ―It has risen a lot, but it feels like a KOSDAQ blue chip stock. It is a company with a lot of assets, good profits, and a reliable company, but the stock price does not rise as expected. Are there blue chip stocks on the KOSDAQ? It’s been 10 years since I’ve been in the stock market, but I’m hearing it for the first time. ―There is no blue chip stock in K-stock. Ha ha ha Source Coin breaks through $30. As the world overflows with money, it flows here and there. The trading volume of the Earth Resources Coin Division has soared more than three times compared to the end of last year. Numerous transactions were concluded, and fees came in accordingly. I thought I had gotten used to the sense of numbers while making a lot of money, but when I talked to the staff at the coin division, my mind went blank. “The coin division is doing $42 billion of transactions a day.” “Is it a day?” “Yes. That’s right. Trading volume has increased as more transactions are bought and sold several times a day.” “… … .” I was proud of my wealth exceeding 120 billion dollars, but the daily trading volume was 42 billion dollars? “The daily volume of virtual currency transactions worldwide has exceeded $200 billion.” “Is that a lot?” “Yes. A little over 20% of $42 billion is transacted in Earth Resources.” The commission rate is about 0.1%. There are places where the fee is cheaper, but I deliberately took it a little expensive. Just having the trading system in place was making about $42 million a day. 1.2 billion dollars in one month. Revenue of $14.4 billion in one year. It was not obtained through great effort or competition, and it was only supported by creating a coin exchange. ‘I made it so that you can trade source coins as much as you want, and this is what happened.’ Even the Coin Division had only about 100 employees. A system created by programmers. Since all of the work involved registering new coins or managing tasks, the labor cost was not too expensive. “What is the secret of our exchange’s popularity?” It was bound to raise questions. It has not been extensively advertised, and the fees are not cheap compared to other exchanges. Leonard, who is in charge of the exchange’s operations team, answered. “The popularity of Source Coin will be the root cause.” As expected, Source Coin! Source Coin is indispensable to the foundation and success of Earth Resources. “As Source Coin emerges as the core of digital currency, our exchange is gaining popularity among people.” “As expected.” “And the other one is because of the CEO.” “Is it because of me?” “Yes. How many people in the US, Europeeor Asia do not know you? As there are people like you who have made a lot of money, there are many people who think that they can achieve their dreams of great success by using our company’s coin exchange.” It may seem like an absurd idea, but the human mind is fragile. What is the reason why customers flock to shops with many lottery winners? ‘I feel relieved somewhere while purchasing it, and I feel good.’ Suddenly, I couldn’t help but wonder. “What will my image be to people?” The Coin Division was a difficult place to entrust to anyone. Leonard graduated from Harvard Law School and had a career as a lawyer in New York. He was promoted to the head of the operation team because he is a person who has excellent work skills and is unstoppable in what he has to say within the company. “Businessman and successful investor. As a rich young man, he is very popular. Even making and distributing vaccines, they are evaluated as having foresight.” It was a better answer than I expected. “More details?” “I’ll tell you if you don’t put me at a disadvantage.” “I was curious, so I asked. Of course, there will be no disadvantages.” “Successful coin chung.” “… … .” My chest was stabbed a little. I am probably the most successful case among those who traded coins. “What more?” “It’s Hogu.” “Hogu?” “There are few people who don’t know the story of losing the house they had accumulated all their lives during a divorce. Every household with a child who is about to get married, the parents tell me about the CEO.” “… … .” After Han Chae-won published a book, I heard that he was contributing to newspapers and even doing social media activities. I thought the public image would be like this. “Is there anything else?” “Although there are rumors that he is a salty person, a coffee addict, a successful geek, and gay.” I didn’t want to hear more. ‘Isn’t Oh Myeong-woo a successful virtue?’ It wasn’t without regret. After chatting like that, Leonard proposed. “How about opening leveraged investments at the request of clients?” “Leverage?” “Other exchanges support investments up to 125x leverage.” The coin investment I did in the past was to stake all my fortune and get a profit when the price goes up. This pressure was also great because the coin rises and falls greatly in 24 hours. Leverage investment increased the investment ratio up to 125 times with debt. If you invest $10,000 in coins and the price doubles, you don’t make $10,000, but $1.25 million. It means that you can get your hands on a fortune in an instant. Conversely, if the price falls, even a 0.8% drop will wipe out all your investment. Although it is not common to create 125x leverage. Listening to the story about coins, the market went crazy with returns to the point where 2017 seemed naive. “Okay. Let’s support leveraged investments.” It was a service that other exchanges were doing. If I don’t provide support, my company’s sales will only decrease. ‘I saw my father and felt it. That gamblers just go to another gambling house when it closes.’ Options trading centered on coins. It was also decided to allow long investments that make money on the rise and short investments that make money on the decline. In a crazy world, we had to go crazy together. The end of the madness will most likely be the Second Coming of 2018. 〈Elon Musk posts a dog poster parodying a fashion magazine on Twitter〉 〈Elon Musk Shows His Love for Dogecoin〉 〈After Elon Musk’s photo was uploaded, Dogecoin soared 800% per day〉 〈Elon Musk, “I’m a Bitcoin supporter. Bitcoin will gain widespread acceptance in the financial world.” 〈Bitcoin rises 16% due to the Elon Musk effect〉 〈Elon Musk, “It would be pleasant and ironic if Dogecoin became the currency of the future.”] Coin market excited by Elon Musk’s Twitter. “Why is this person like this again?” I knew he was a geek, but he was igniting the coin market. I did not invest in the coin directly, but I was able to watch it comfortably because I was running an exchange. The commission income from the increasing trading volume is a bonus. 〈Ripple, cut in half in 6 hours〉 〈Ripple’s cruelty, from $0.7 to $0.36〉 〈When will Ripple recover $1?〉 Even in the middle of this, Ripple went up and down repeatedly. -What’s up? Why is my entire fortune cut in half after playing a few games? ―This time, I was tricked by Ritto….