April 15th, 2024 at 1:40 pm UTC · 5 min read

/Miss Web3/ – The ongoing MissWeb3 campaign may have encountered a significant obstacle. At approximately 13:30 local time on March 31, two individuals were apprehended by the South Korean authorities at the ETHWeekSeoul venue. Among them is Stinky Monk, also known as Charles Lee, the founder of \(RCC & \)ROMA and the driving force behind the Miss Web3 beauty pageant.

The South Korean law enforcement has not yet provided details regarding the incident, with one account suggesting that he was detained for “hindering official duties.” Other sources indicate that he was involved in the investigation of the substantial 1,499 BTC prize pool associated with the Miss Web3 event.

The sudden disappearance of the founder under mysterious circumstances and the abrupt nature of the incident appear to have halted the current Miss Web3 campaign. The suspension of the campaign’s initial stop in Seoul is likely to introduce significant uncertainty for the upcoming events in Paris, London, and Singapore.

Intense Debate Surrounding $700 Million Super Prize Pool

The Miss Web3 Beauty Contest stands out as a prominent project in the blockchain and cryptocurrency realm. Its objective is to empower women in the Web3 sector by merging the decentralized capabilities of Web3 with the cultural influence of cryptocurrencies, fostering the fusion of culture and technology.

As scheduled, the first finale of Miss Web3 was set to take place in Seoul, South Korea, featuring a unique format of digital currency voting involving 300 finalists, 2,000 live spectators, and over 120 cryptocurrency, CEX, and DeFi projects.

The staggering prize pool of 1,499 BTC has sparked a wave of excitement in the market. Based on current conversion rates, the competition encompasses a prize fund exceeding 700 million yuan, with an anticipated viewership of 5.2 billion.

While the Miss Web3 contest has garnered success in the Korean market, with \(RCC & \)ROMA experiencing high demand and achieving notable results, the controversy surrounding the 1,499 BTC super prize pool persists. Questions have been raised by the public regarding the legitimacy of the 1,499 BTC prize. Additionally, attention has been drawn to the contentious issue of objectification in the digital era, raising concerns that this popular campaign may face backlash.

The recent detention of the founder has heightened public apprehension. Presently, the South Korean authorities have not clarified the situation, and the company has remained silent on the matter, casting a shadow over the future of Miss Web3. The realization of the 1,499 BTC prize pool is pivotal for validating the Roman chain and dispelling doubts. Failure to address the issue adequately may result in the postponement of the competition and ceremony initially slated for April 7-8. This development not only poses a significant crisis for the market but also triggers fluctuations in the cryptocurrency sphere, potentially leading to increased caution in related investments and activities.

\(RCC&\)ROMA, Innovative Marketing or Deceptive Scheme?

The 1499 BTC Super Bonus Pool Controversy, Dubbed the “Cyber Celebrity Chain”… Amidst the current bullish market trends, Charles Lee and his Roman Chain Coin project have emerged as a multifaceted presence in the digital landscape.

According to available information, \(RCC&\)ROMA focuses on technological innovation, emphasizing the development of the digital economy and blockchain technology to shape a more intelligent, interconnected, and sustainable world. Its distinguishing feature lies in technology-driven solutions; through its technology, Roman Chain Coin introduces Roman Chain, a Layer-2 network built on Bitcoin, eliminating the need for trust pledges, introducing a new Proof of Stake Pledge Protocol (POS Pledge Protocol), and systematically addressing the crypto-consensus layer issue of POS public chains.

While \(RCC&\)ROMA carries technical significance, the Miss Web3 contest has delved into the sensitive realm of women’s roles in the digital era. The contest’s mission to empower women in Web3 has faced opposition within the Web3 community as it progresses, primarily due to the redefinition of traditional beauty standards in this new blockchain-driven environment.

The impact of \(RCC&\)ROMA on advancing blockchain technology’s development and application requires further observation over time. The discussions surrounding Miss Web3 and \(RCC&\)ROMA within the blockchain and cryptocurrency spheres have sparked valuable dialogue, emphasizing the technology’s societal value and fostering industry growth.

This unexpected turn of events underscores a significant trend in blockchain and cryptocurrency realms. The cautious stance taken by the South Korean authorities towards the Miss Web3 competition reflects a broader trend of governmental scrutiny towards high-profile and controversial projects in the cryptocurrency domain. The push for standardized development has become prevalent, with the current market optimism reflecting this shift. In this context, Charles Lee’s detention for investigation by the police may indicate a future where legitimate projects thrive in the cryptocurrency market.

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