Chapter 261
Chapter 261
Multi-level sales.
Also known as Network Marketing, or Pyramid Selling.
In general marketing, there is a clear distinction between sellers and consumers. However, the multi-level structure consists of a chain structure in which the seller becomes the consumer and the consumer becomes the seller.
Multilevel itself isn’t illegal, but a bad image usually comes to mind. This is also because in Korea, a mega-scale multi-level fraud case occurs once if you can forget it.
The most famous case is the Jo Hee-Pal case, the biggest fraud since Dangun. At that time, the damage alone exceeded 4 trillion won.
How many publicly traded companies with annual net income exceeding 4 trillion won? However, the difficult task was accomplished by one individual!
In return, tens of thousands of people lost their fortunes, and hundreds of families were destroyed.
Of course, this was illegal multi-level, but legal multi-level is not without problems. People at the top of the pyramid can make a lot of money, but the reality is that most members don’t even earn the minimum wage.
No, instead of making a profit, there are many people who spend their own money in business and sit in debt. Where are one or two young people who have been contacting an alumni or a senior military officer after a long time and wasting time and money while going to meet them?
Taek-gyu looked around the inside of the company carefully. I saw the words ‘JG Blockchain’ on the wall.
The Internet is full of experiences of people who were dragged into multiple stages and escaped, or people who woke up late. Because of this, he knew to a certain extent about the multi-stage menstruation.
“Come on, sit down.”
Taek-gyu sat across from Min Ha-young.
‘What the hell is he doing here, and how did he come to do this?’
Thinking so, a young man approached me.
“Good morning. This is Changsoo Hong, the archer at Min Ha-young.”
“Yes, hello.”
“Have you ever heard from Ha-Young Min about our company?”
“no.”
He naturally sat down next to Taek-gyu and said.
“Our company is JG Blockchain, a company that develops cryptocurrency.”
“Cryptocurrency?”
“Yes. Do you know Bantcoin or Ethereum? As you know, cryptocurrency is the currency of the future that will replace the dollar and gold in the future. Our company has developed a new cryptocurrency that goes beyond existing coins, and is about to go public in the near future.”
“What kind of coin is it?”
“This is Jeil Gold Coin. You can call it JG Coin or JGC. Coins are currently being pre-sale… … .”
I explained it over and over, but the bottom line is to buy a coin.
Currently, the price of one coin sold to the general public, that is, 1JGC, is 120 won. However, if you sign up as a member, you can purchase it for 60 won, which is half the price.
“Are you a member?”
“Yes. If you purchase a coin worth 2.5 million won, you will be registered as a member immediately.”
As the purchase amount increases and the membership level rises, the coin discount rate gradually increases and goes down to 30 won.
The funniest thing is that After becoming a member, if you bring in a new member and have them purchase coins, the person who introduced you can receive 10% of the purchase price of coins in cash or coins. And also, if the members below them purchase coins, they will be rewarded, and if the members below them purchase them, they will be compensated.
In a word… … .
‘It’s a coin multi-step!’
Blockchain is a new technology of the 4th industrial revolution, and cryptocurrency is the realization of it.
However, this came to Korea and combined with the multi-level and evolved into a multi-level coin!
Taek-gyu stuck his tongue out.
‘It’s so tight.’
Usually, multi-level products are sold as health supplements or cosmetics. But I hope you can do multiple steps with coins.
No matter how much you attach all kinds of effects and take profit, health supplements and cosmetics cost money. As it is a product for sale, it must also be certified by the relevant authorities.
However, coin issuance does not cost much. All you have to do is increment the number and send it to your e-wallet.
It is literally creating something out of nothing.
Isn’t this the true creative economy, or the Korean style 4th industrial revolution?
Of course, it takes quite a bit of money to write and program the source code to create a proper cryptocurrency. (So some of the source code is released during the development stage and funds are raised.)
Deputy Chief Hong Chang-soo continued to speak.
“The price of JG Coin continues to rise. It has already increased 10 times compared to last year. In a month or two, you won’t be able to buy it again at this price.”
“Hmm, okay?”
Scammers often use tricks to tell them to buy quickly because the product will sell out soon or the price will rise.
At this point, people begin to wonder about the identity of this coin.
When Taek-gyu seemed to be interested, Min Ha-young spoke quickly.
“A seminar for new members is being held at the seminar hall, would you like to go?”
“Is that so?”
I’ll have to listen to it one more time to clear my doubts.
* * *
The seminar hall was on one floor.
Dozens of people were already seated in the small space. There are young people in their 20s and 30s, as well as middle-aged women who appear to be housewives, and even gray-haired grandmothers and grandfathers.
Min-ha-young sat right next to Taek-gyu as if watching over her.
After a while, a man in his 40s with glasses came in and stood in the pulpit. He wore a neat suit, luxury cuffs, and a Rolex watch on his wrist. He seemed like a successful young businessman on the outside.
He introduced himself as team leader Seong Han-soo and said.
“Before we start the seminar, would you like to take a look at the car in the parking lot?”
In the parking lot in front of the building, there was a Bentley, a white and shiny Bentley that had never been seen before. People admired the car.
“Wow! Bentley.”
“That car would cost two or three hundred million.”
“When do I get to ride a car like that?”
Team leader Seong Han-soo said with a confident smile.
He said, “I was born with an earthen spoon with nothing, and I didn’t even go to a good college. But I had a dream. It is the dream of becoming rich. So, even when I was eating lunch at a convenience store because I had worn out clothes and had no money, I always envisioned wearing nice clothes, driving a nice car, and living in a nice house. Others ridiculed me, saying that the dream was impossible and impossible. But I only thought about how to make the dream a reality. And in just one year, my dream came true because I became a member of JG Blockchain. The moment I saw Jeil Gold Coin for the first time, I realized that it was the best cryptocurrency in the world that surpassed BANTCOIN. So, I bought Jeil Gold Coin with all my fortune, and made 3 billion won in profit last year alone. As you can see, I am living in an apartment with a view of the Han River in a foreign car. If you invest just one year, you can make your dreams a reality just like me.”
Everyone’s eyes lit up at his talk. At that moment, Taek-gyu opened his mouth.
“Isn’t that car very expensive?”
Then, Team Leader Seong Han-soo laughed out loud.
“haha! You don’t seem to know much about Bentley. Bentley is a British car brand with a long history and is a world-class car like Rolls Royce.”
OTK Company’s main investment destination is automobile companies. At least I know as much as others know.
Taehyung shook his head.
“Things have improved after being acquired by the Volkswagen Group, but Bentley is nothing compared to Rolls-Royce. Rather, the headlamps and wheels look like a 2006 Continental Flying Spur. If so, it would be cheaper than Cavalus or Mercedes-Benz E-Class, a large sedan for silver-star cars, and it would be less than 200 per month if leased. It can be ridden by just about any office worker. Aren’t you riding on something too cheap for the fact that you made 3 billion won last year?”
At those words, Team Leader Seong Han-soo’s expression hardened slightly.
“Uh, well, I like classic cars. That’s why I like to drive old cars.”
Min Ha-young, who was sitting next to him, pulled his arm to tell him to stop, but Taek-gyu continued.
“Hey, that’s not a classic car, it’s just a used car. Still, it looks clean. Anyone who sees it would know that it is a new car, not a used car.”
Team leader Sung Han-soo’s face gradually turned red in the successive fact bombing. But if you get angry here, the appearance becomes ridiculous.
He smiled and put the PPT on the screen.
“I will explain about Jeil Gold Coin, which you may be curious about. Built with the latest blockchain technology, JGC is arguably the most complete cryptocurrency, improving all vulnerabilities of existing cryptocurrencies. Above all, it has the fastest processing speed among existing cryptocurrencies… … .”
The incomprehensible explanation continued for a long time.
Cryptocurrency has different uses depending on the purpose, but the core is a distributed computing technology connected through P2P.
However, according to the description now, this is not a cryptocurrency… … .
‘Isn’t it just game money?’
If the issuer wants to issue it, it can be issued, and it is no different from game money if it is registered and traded only on a limited site.
You have to look at the exact source code to know, but it seems far from distributed computing.
Can such a coin be listed?
“Do you have any questions?”
Taek-gyu then raised his hand and asked.
“Is the coin white paper published?”
“A white paper?”
“Yes. Shouldn’t there be a white paper with specific details on how the blockchain technology is implemented and rewards? You must know what is different from the source code of existing cryptocurrencies before you invest.”
Team leader Sung Han-soo was a little confused.
“Yeah, that’s right. white book. Of course there is. We will be releasing it on our website soon.”
“I am curious about how to distribute additionally issued coins on a distributed network. Is the algorithm that proves the transaction POW or POF?”
“Um, ah, POW?”
“Isn’t that a proof of work?”
“that… … .”
“Or, POI? Proof of importance?”
His expression was smiling, but a cold sweat was running down his forehead. Team leader Seong Han-soo said as calmly as possible.
“As I said, Jeil Gold Coin is made with the latest blockchain technology, so it can be seen that the source code covering all of those algorithms was programmed.”(Read more @ wuxiax.com)
“What kind of bullshit is that… … .”
Team leader Seong Han-soo quickly changed the topic by clapping his hands.
“character! I’m going to ask the question like this. What you are most interested in is the rate of return. Currently, prior to listing, pre-sale, that is, coin pre-sale, is in progress, and only members who have signed up for our JG blockchain can purchase at a low price. The price I bought Jeil Gold Coin at the beginning of last year was only 3 or 4 won. However, as you know, it has soared to 120 won now. Perhaps this price will also be hard to see soon. It is about to go public at the end of this year, and the expected listing price is 10,000 won.”
People couldn’t hide their surprise at those words. Just by listing, you can earn 100 times immediately.
This isn’t unrealistic. In fact, there were a number of coins that increased more than 100 times through ICO (Initial Coin Offering). In hindsight, Vantcoin and Ethereum were also only tens of cents in the past.
But that’s all a thing of the past.
Numerous altcoins have already been listed, and the coin market has fallen into a recession, so the jackpot has disappeared.
In addition, hundreds of coins to be listed are waiting in line all over the world, and among them, Scam Coin, which is nothing more than a scam, is not one or two.
Taek-gyu thought with his arms crossed.
‘No matter how you look at it, it’s a scam.’
In the case of Korea, the definition of cryptocurrency is not yet clear, so even if there is a scam, there is no way to punish it.
So are you doing this?
A young man cautiously raised his hand.
“Is the listing at the end of this year real? What if it is not listed?”
“It is unlikely, but if the listing does not work, we will refund the coin in full.”
A middle-aged woman raised her hand and said.
“I heard that there are cases where they are listed on a small exchange where there are not many trades, and then they are traded.”
“That is correct. There are many scammers in the world, and there are many fake coins. However, there is no need to worry about Jeil Gold Coin. Just today, the CEO visited our branch, and you will be convinced if you see it for yourself and hear the story. I will invite you here for a moment. Please welcome everyone with applause.”
clap clap!
The crowd applauded in unison, and the door opened and a man entered.
Taek-gyu was surprised to see the face of the person standing on the stage. Age is early 30’s. He was tall and skinny, and his face was white and thin.
It’s a face I’ve seen in front of Jinhoo’s house before. Then he screamed and was dragged out by the bodyguards.
‘Why is this man here?’
He stood on the podium and said hello.
“Nice to meet you, everyone. This is Namwoo Choi, the CEO of JG Blockchain.”
