Do Kwon is perhaps most known for his role as a co-founder of Terra. The native LUNA coin of Terraform laboratories serves as the driving force behind the Terra blockchain ecosystem. Polychain Capital, Arrington XRP, and Binance contributed $32 million to the Terra cryptocurrency project.
Do Kwon: Biography, Net Worth, Career, Age, Education, And More
To this day, Kwon has put millions of dollars into cryptocurrency-focused businesses such as Flint, Iron Fish, PSTAKE, and Ape Board, established on or around September 6, 1991.
Do Kwon’s Age:
He was given the name, Ha Do-Kwon upon his birth on March 3, 1977. It was in South Korea that he made his debut. Ha, Do-Kwon will reach the age of 44 in the year 2022.
Do-Kwon’s Net Worth
Ha, who had a net worth of $5 million and earned $3 million, made the most of his money from selling his Yeezy sneakers. Ha’s earnings totaled $3 million.
Even though he had been misled over the years about his company’s size, the money that he made from it was real–enough to qualify as one of the most significant cashouts for a celebrity in the history of the world. It is estimated that he owns between $5 and $10 million worth of property.
Quick facts About Do Kwon
| Net Worth | $10 million |
| Date Of Birth | September 6, 1991 |
| Age | 44 years old |
| Country | South Korea |
Do Kwon’s career
Do Kwon worked for a brief period as an engineer at Apple and Microsoft. One of his businesses is called Anyfi, and it is a peer-to-peer communications platform built on mesh network technology. Blockchain technology is being utilized in the production of Terraform, a payment system that he introduced in 2018.
Kwon has personally invested millions of dollars in various cryptocurrency-focused firms, including PSTAKE, ape board, iron fish, and flint, among others.
When TerraUSD (UST) lost its dollar peg in May 2022, the value of the native token Luna (LUNA) dropped by 98 percent, reaching a low of $0.30. This caused the deal of TerraUSD (UST) to plunge as low as $0.30.
Interesting facts About Do Kwon
- As part of the deal that GCR struck with the CEO of Terraform Labs, Do Kwon, the company has taken a short position in LUNA worth $10 million.
- The trader who wishes to remain anonymous told The Block that he anticipates a decrease in LUNA price as a direct result of rival companies launching their algorithmic stablecoins.
What is Terra founder, Do Kwon’s mission, and what is it all about?
This network is constructed on a group of stable coins collateralized by Terra’s native token, LUNA, a currency-backed stable currency. LUNA is pegged to the value of the Terra cryptocurrency.
The founder of Terra believes that the ability to build financial applications on top of a network that is quick, secure, and simple to make on top of is what will pave the way for the widespread acceptance of cryptocurrencies.
The widespread adoption of Terra’s stablecoins, such as UST, is one of the company’s top priorities. The rising demand for stable coins causes the supply of LUNA contracts to become more limited. At the same time, stakeholders on the network who participate in governance earn a more significant share of the increased network fees.
Long-term LUNA holders responsible for network security and management can gain from the acceptance of stablecoins as the number of people utilizing stablecoins continues to grow.
Read More:
