Startups
KStarCoin is an ERC20 Ethereum based token, which will be integrated into the KStarLive platform. We believe that Ethereum's smart contract technology will allow us to disrupt, innovate and build upon an existing user base of 8MM followers and build contracts amongst the different parties and combat against issues like ticket scalping, fake celebrities and new ways to purchase Korean made products.
KStarCoin is able to activate P2P-type transactions between individuals even before registration and is optimized to implement smart contracts that require high reliability and transparency such as crowdfunding campaigns and payments.
Therefore, KStarCoin will be used for various Hallyu-related contents business such as "K-Pop performance crowdfunding", "K-Star performance ticket sales" and "K-Star goods sales" through our own platform.
· Crowdfunding with KStarCoin
- Funding Participants: Participants will be eligible to share in concerts and events profit, which will be paid via KStarCoin. For VIP funding participants who support their favorite stars and reach a certain VIP funding threshold, KStarLive will be providing VIP tickets and also opportunities to chat with the stars directly.
- Ticket Buyer: Events/promotions will be held via KStarLive and tickets can be purchased at a discounted rate when bought with KStarCoin. Also special VIP tickets and limited edition goods will only be available for purchase with KStarCoin.
- Ecosystem: Decentralized ticketing issuance and tracking in partnership with entertainment companies and event agencies will enable the ability to block ticket scalpers, who typically purchase large number of tickets and re-sell them at 2 to 3 times the price on numerous different sites.
· Commerce with KStarCoin
- Customers: Customers who purchase with KStarCoin can receive discounts and bonus items.
- Product Suppliers: Depending on the amount of KStarCoin the Suppliers has the greater the discount. Payments for advertising fees, etc. can also be paid with KStarCoin.
- Loyalty Points: Every purchase made with KStarCoin, we will be providing membership points which can be converted into KStarCoins.
- Ecosystem: We will be working to partner up with numerous remittance and payment partners and will also have an internal currency exchange system, which will allow many of our fans in South East Asian countries who have had a hard time with the lack of payment channels in their homeland.
· Long Term Holders of KStarCoin
- For supporters and holders of KStarCoin, dependent on the number of coins you are holding at certain blocks, there will be Airdrop bonus KStarCoins on an annual basis. We are also currently in discussions with various blockchain content and product partners and will be Airdrop partners coins as well.
- For supporters who continue to hold coins across a range of blocks (to be determined in the future), we will continue to provide benefits and bonuses (both tokens and products).
· Safe Deposit of Coin
- KStarCoin will be taking detailed procedures and protocols to ensure the safety of our users coins, which will include safe deposit of coins on hard wallets. Please contact [email protected] if you would like further details on these protocols.
· Lock-Up for Founders, Team, Advisors & Partners
- Founders, Team Members, Advisors & Partners will be restricted from making any KStarCoin transactions for 6 months, after listing on its first exchange. Our belief, support and commitment to maintain stable coin market value is our number one priority.
KStarCoin is able to activate P2P-type transactions between individuals even before registration and is optimized to implement smart contracts that require high reliability and transparency such as crowdfunding campaigns and payments.
Therefore, KStarCoin will be used for various Hallyu-related contents business such as "K-Pop performance crowdfunding", "K-Star performance ticket sales" and "K-Star goods sales" through our own platform.
· Crowdfunding with KStarCoin
- Funding Participants: Participants will be eligible to share in concerts and events profit, which will be paid via KStarCoin. For VIP funding participants who support their favorite stars and reach a certain VIP funding threshold, KStarLive will be providing VIP tickets and also opportunities to chat with the stars directly.
- Ticket Buyer: Events/promotions will be held via KStarLive and tickets can be purchased at a discounted rate when bought with KStarCoin. Also special VIP tickets and limited edition goods will only be available for purchase with KStarCoin.
- Ecosystem: Decentralized ticketing issuance and tracking in partnership with entertainment companies and event agencies will enable the ability to block ticket scalpers, who typically purchase large number of tickets and re-sell them at 2 to 3 times the price on numerous different sites.
· Commerce with KStarCoin
- Customers: Customers who purchase with KStarCoin can receive discounts and bonus items.
- Product Suppliers: Depending on the amount of KStarCoin the Suppliers has the greater the discount. Payments for advertising fees, etc. can also be paid with KStarCoin.
- Loyalty Points: Every purchase made with KStarCoin, we will be providing membership points which can be converted into KStarCoins.
- Ecosystem: We will be working to partner up with numerous remittance and payment partners and will also have an internal currency exchange system, which will allow many of our fans in South East Asian countries who have had a hard time with the lack of payment channels in their homeland.
· Long Term Holders of KStarCoin
- For supporters and holders of KStarCoin, dependent on the number of coins you are holding at certain blocks, there will be Airdrop bonus KStarCoins on an annual basis. We are also currently in discussions with various blockchain content and product partners and will be Airdrop partners coins as well.
- For supporters who continue to hold coins across a range of blocks (to be determined in the future), we will continue to provide benefits and bonuses (both tokens and products).
· Safe Deposit of Coin
- KStarCoin will be taking detailed procedures and protocols to ensure the safety of our users coins, which will include safe deposit of coins on hard wallets. Please contact [email protected] if you would like further details on these protocols.
· Lock-Up for Founders, Team, Advisors & Partners
- Founders, Team Members, Advisors & Partners will be restricted from making any KStarCoin transactions for 6 months, after listing on its first exchange. Our belief, support and commitment to maintain stable coin market value is our number one priority.