CNP Roadshow July 16th【Luna Shock】

17/07/202318/07/2023

Radio 04:37

Luna Shock

It has been a year and two months since CNP was launched.
During this time, we have had some good things happen and we have all overcome some not-so-good situations!
Here is what we call the Luna Shock.

CNP has an event called BurNin’.
It’s an event where you change your CNP to a new character that is newly introduced!

https://twitter.com/16snow_pandora/status/1537959954791174145?s=20

At that time, there was no such thing as Katashiro, and the first form of BurNin’ was for CNP holders to go to Luna’s BurNin’ site and get Luna as a first-come, first-served.

Not everyone with CNP could do it, so people with a certain number of baby CNPs were eligible.
We did not systematically limit the number to one person, but asked them, verbally, to limit it to 5 per person.
At that time, getting them with Luna triggered the sale.

A lot of people who felt they had to sell their Luna at a high price put their Luna on the market.
If there were an infinite number of buyers, there would be no problem, but since there were not that many buyers, the sales became too large and the value of Luna dropped rapidly.

The market also had a considerable impact, but the Luna event triggered a drop to 0.02 ETH.
At that time, I thought that the BurNin’ project itself might have been a bad idea.
From there, we have been solving the issues that came to light from the failure, and in the process, we have created Katashiro as well, and have been moving forward for the past year.
It is called the Luna Shock.

Luna has been issued 2,222 units at max.
The other 4 characters, LeeLee, Mitama, Narukami, and Orochi have about 5,500 each.
So it’s understandable that some people imagine Luna scarcity is high and want to sell Luna for a profit.

However, the management is unwilling to do so because they want new characters to be treasured.
We are developing our IP, and we want to move forward with people who believe in it.
A desire to see the character valued.

We think there was more speculative trading than now.
The owners kept changing over and over again, making about 15,000 transactions, and here we are today.
The situation is much more peaceful now.
If we had not done the contract migration, and if there had been a situation where no selling occurred, we would have been hit very badly by the bot.

We think that once CryptoNinja, CNP IP, NFT credibility and the number of people who can handle Ethereum will grow and improve, the situation will be much calmer and more secure to watch.

Right now we don’t know what’s going to work, so CNP is preparing a lot of things.

A situation where we are doing a lot of trial and error of various angles on our own

We hope we can overcome the various situations together and grow this IP called CNP together.
And we believe this will lead to 22,222 in Ethereum.

https://twitter.com/cnp_en/status/1631422357247266817?s=20