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Post by klpgaenglish on Nov 9, 2023 2:12:15 GMT
I don't know what is going on with this ridiculous idea.
Seemingly fans have to buy this made up digital currency to get tickets to the event.
The value of the stupid currency goes up. The champion was supposed to get about the same as a typical KLPGA event. So about 250 Million won. The value of this lousy currency is going up.
Seems the champion will liquidate the currency as fast as possible and get what? Who will buy this currency the day after the event is over? Dumping the currency will collapse the price.
It's a mess in my opinion. I am not well versed in what this wemix coin is. How can it hold its value? It's not like Bitcoin, which is well established and far more stable.
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Post by HappyFan on Nov 9, 2023 16:12:21 GMT
I once worked at a startup, and a few times they ran out of money and paid us in stock (they were public). We were only allowed to liquify 20% of it each day, so it would take a whole business week to get all your money. In return for all the hassle, they bumped our salaries 20% those pay periods. And if we could show we hadn't earned our salary because the stock had decreased, they would give us more stock to compensate. What a hassle, but one time the stock took an unexpected upturn and I ended up banking 5 times my normal pay! Gotta tell you, though, explaining all that to my tax accountant at the end of the year was an unholy pain.
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