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South Korea is about to bring back the KIMCHI POWER ! Presidential Elects are Bullish on Crypto
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good thing I've never heared of KIMCHI..
KIMCHI is down 99.66% today! Nooooo!
KIMCHI is down 99.66% today!!! My house!
Lots of room for "KIMCHI" coins ;) There's quite a few south korean only coins that circulate on those smaller exchanges, which would lose all value, once those exchanges get shutdown. Not sure if sad, but certainly bad for the bag holders.
Saved you a click, fellas. 1. 23rd July, 2021: South Korea announced plans to implement a new regulation for digital asset exchanges to register with country's financial regulators. 2. Reason? Chinese investors attempted cross-border arbitrage in South Korea- through a body named "KIMCHI PREMIUM." 3. 27-40 active Cryptocurrency Exchanges active in the country. Major players? Upbit, Bithumb, Korbit, Coinone = 90% digital asset trading volume in South Korea. 4. What is needed? Exchanges would need a KYC process such as real-names of customers. 5. 20 exchanges already made the necessary KYC requirement; but some exchanges announced closure before 17th September. From the looks of it, it's not that South Korea are against cryptocurrency, but more on stopping arbitrages from Chinese investors in South Korea.
rate my portfolio - HOGE 20% DOGE 20% ASS 20% KIMCHI.finance 20% Coffee Coin 20% am I doing this right?
It goes back to the DeFi summer last year. There was a huge craze of all these food farming tokens going on. I believe it may have started with YAM, and from there we saw a whole bunch of tokens try to copy its success with their own food names. HOTDOG, BURGER, PIZZA, KIMCHI. SUSHI was one of them at the time but they've gone on to actually build something, most of the others were little more than ponzis ultimately as their only purpose was to farm itself with crazy APYs.
KIMCHI? DREP? I only hear about many of these *100 coins after they mooned. There was no mention of them on this subreddit. Where do people find them? Youtube?