Not long ago the Cryptocurrency market was hit by a storm of destruction and became the world's attention. The price of the cryptocurrency Terra (Luna) which fell drastically by more than 99% within a day on Thursday (12/5).
However, do you know who is the real person behind the creation of the crypto? This coin was made by two South Korean youths named Do Kwon and Daniel Shin as quoted from CNN, Tuesday (17/5/2022).
The two formed Terraform Labs in 2018. Do Kwon is a computer science graduate from Stanford University. He studied at the campus in 2010-2015.
He started his career after college by establishing a telecommunications startup (startup) Anyfi. Kwon was the founder and CEO of Anyfi until October 2017.
He was also included in Forbes Asia's 30 Under 30 list in 2019. He entered the list because he managed to attract 40 million users since 2018.
Meanwhile, Daniel Shin is an economics graduate from The Wharton School. He completed his undergraduate education in 2008.
Shin pioneered and led many businesses. Since 2010, he founded several companies, such as Fast Track Asia, TMON, and Bass Investment.
In 2018, he and Kwon founded a global blockchain company called Terraform Labs with the crypto product Terra (LUNA).
After that, Shin re-founded the company in 2020. He created Chai Corporation, a pioneering company in the field of financial technology.
Previously, the price of the crypto asset Terra (LUNA) was devastated. On Thursday (12/5), the price of Terra fell 93.8% in a day. On Saturday (14/5), the price of Terra (LUNA) was only USD 0.0001766.