Destiny of Do Kwon – the founder of Terraform Labs

Do Kwon, a South Korean co-founded Terraform Labs to use blockchain technology to develop a more efficient payment system. Terraform Labs is the company behind the Terra blockchain, which features the stablecoin TerraUSD (UST) and network token Terra (LUNA).

One of Terra’s main features was TerraUSD (UST), which is a so-called algorithmic stable coin that is meant to maintain a 1:1 peg with the US dollar. UST stablecoins were not backed by US dollars; instead, it was designed to maintain their peg through a complex model called a “burn and mint equilibrium”. This method uses a two-token system, whereby one token is supposed to remain stable (UST) while the other token (LUNA) is meant to absorb volatility.

TerraUSD launched in 2018, but it gained little traction until March 2021 when Kwon introduced a third part of the network: Anchor, a quasi-bank for crypto where users could deposit their Terra stablecoins and earn 20% interest. TerraUSD was a so-called stablecoin, which means it was supposed to keep a constant value of US$1. But in May 2022 it dropped below US$1 and kept falling, and Luna tokens, once worth more than US$100, crashed to below a penny, all but erasing a combined market value that had topped US$60 billion.

TerraUSD and Luna both collapsed in May 2022, wiping out almost $45 billion of market capitalization over the course of a week. The recent volatility in cryptocurrencies arrived following the U.S. Fed’s 50-basis-point rate increase in early May. Additional rate increases are expected.

Let us take a look at the Bazi chart, luck pillar, and annual pillar of Do Kwon below.

Please print your Bazi Chart here.

Do Kwon

He was born in the autumn season when the metal element is the most prosperous. He is considered a weak Yin Earth day master as his earth will be weakened by the prosperous metal in the autumn season. His favorable elements are fire and earth as they will strengthen his weak Yin Earth day master. His unfavorable elements are metal, water, and wood.

Its price-stable cryptocurrency, or stablecoin, attracted 40 million users to work with the company at its launch in January 2018. 2018 was the year of the Earth Dog, considered his favorable year as there was solid earth in the year, his favorable element.  In 2018, there was also a strong presence of Rob Wealth (RW) which indicated his ability to garner support from his followers, and supporters and raise capital/funds. With the aim of building a blockchain-based payment system, Terra raised $32 million from crypto-giants such as Binance, Arrington XRP, and Polychain Capital.

The collapse of TerraUSD and Luna from Bazi’s perspective can be explained based on the Bazi chart of the co-founder Do Kwon.

He is currently in his unfavorable luck period of Water-Snake as water is not his favorable element. The period from May 6 – to June 5 is a Snake month. Snake also combined with Monkey in his month pillar to produce more water, his unfavorable element. The Snake will also form a “Destroy” relationship with the Monkey in Bazi.  Destroy indicates the end of something. Snake in his current luck pillar and month of May formed double destruction with the Monkey in his month pillar in his natal chart. His month pillar represents his business. Monkey in his month pillar also at the same time clashed with Tiger in the annual pillar of 2022. Clash indicates forced changes and challenges. The above destruction and the clash together with the recent volatility in cryptocurrencies following the U.S. Fed’s 50-basis-point rate increase in early May, all contributed to the collapse of TerraUSD and Luna.

Tiger in the annual pillar of 2022 also formed a “Harm” relationship with Snake in his luck pillar and month of May. Harm indicates betrayal or being let down by someone. Monkey in his month pillar also formed a full “Ungrateful Punishment” with Snake in his luck pillar, the month of May, and Tiger in the annual pillar of 2022. “Ungrateful Punishment” indicates that you help someone but in return, he/she is ungrateful to you. Earlier the investors had profited from their investments but now they had heavy losses because of the collapse of TerraUSD and Luna. The Harm and Ungrateful Punishment in his chart have led to approximately 200,000 domestic Luna investors harmed by the crash, to announce that they will be filing a class-action lawsuit against Terraform Labs founder Do Kwon on criminal charges.

The afflictions in the chart like Clash, Destroy, Harm, and Punishment are considered the warning signs or indicators that there will be changes, challenges, financial losses, and problems ahead.

Do you have Destroy, Clash, Harm, and Punishment in your chart?

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