- The first Oyster Pearl PRL sale began in October 2017 and went on for three weeks, which had raised a net worth of $90,000 i.e., 300 ETH.
- The PRL had a silver lining until some of the shameless scams led to the collapse of PRL and ICO together.
- According to sources, it said that runo, has benefited from this as well as had he taken measures to protect the PRL in January.
The PRL is a project which came out in 2017 during the ICO boom. The first PRL sale began in October 2017 and went on for three weeks, which had raised a net worth of $90,000 i.e., 300 ETH.
Later, in December 2017, the Crypto grew and reached a market cap of $1.75 million by selling off 25 million PRL (where 1ETH = 5000 PRL)
The market value of the token grew by a massive 47.1% growth, and the project’s market value exceeded $2 million. Later in the year 2018, the token saw much of an improvement in it’s worth and prices.
The price of the token, which was earlier around $240 million has now understood to have an amount of each PRL to have a value 66 times that of the value which it had at the time of seeding, something which is more than 40-80 times higher than the EtherDelta sale price.
The PRL had a silver lining until some of the shameless scams led to the collapse of PRL and ICO together. The anonymous CEO, Bruno Block, was replaced by former CFO Bill Cordes on June 9. This embarked on the sense of doubt amongst others who had been closely monitoring the asset.
Moreover, on October 30, millions of PRLs were had hit the disk on KuCoin, which calls itself to be the safest and secured cryptocurrency exchange. When their leader Bill asked KuCoin to close the PRL trades, a proposal of $300000 of BTC and ETH had already proposed.
According to sources, it said that runo, has benefited from this as well as had he taken measures to protect the PRL in January, this wouldn’t have happened. Many of the loopholes which have occurred include even after the audits performed by the within the organization.
It is said that Bruno might have had clashes with the KuCoin org and might have thought of having revenge from the group for the case of the KYC case of withdrawal.
Lastly, it should say that people must be aware of, which would help in fixing if vulnerability and loophole.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.