KStarLive’s ERC-20 crypto, KStarCoin, enables it to connect Hallyu fans worldwide to Korea. The crypto will be integrated into KStarLive’s forthcoming incentivized platform for its 8.5 million subscribers. The project will create significant value for Hallyu fans. The blockchain technology allows it to incentivize users properly. All activities that generate traffic, including creating content, sharing, and reading, will be rewarded. Hallyu fans are presently contributing valuable content on SNS platforms. However, the platforms retain monetary value. KStarCoin enables Hallyu fans to access services and products like K-Star goods, K-Pop concert tickets, K-Pop concert and fan meeting crowdfunding, and ways to send their gifts. KStarCoin is addressing the payment issues and inconveniences experienced by fans when trying to connect with their favorite stars.
KStarCoin aims to change the equation of concert planning, which has always originated from and consisted of concert organizers, producers, and artists.
KStarLive is implementing a “crowdfunding and marketing influencer protocol” to give fans pre-sale + promotional event discounts while collaborating with influencers for the event’s self-promotion.
That is achieved through the introduction of a smart-ticketing protocol based on the Ethereum blockchain, which will facilitate event ticket sale by releasing smart tickets to wallet addresses on the blockchain. Smart ticket owners can anonymously sell their ticket but need to do so inside the protocol’s decentralized infrastructure. That is to guarantee that ticket trades are done within a set price margin and securely.
Blockchain-enabled smart contracts may be written to lessen possible issues arising during cross-promotional engagements. The self-executing smart contracts could automatically compensate the influencer upon releasing the agreed-upon promotional content. That would mitigate potential conflicts between the influencer and the advertiser as the payment obligation and contract terms are coded into the smart contract.
Secondary ticket prices and ticket fraud have been around for years. At least 1/4 of tickets sold are bought through scammers or bots and resold at as much as 1000% of the original price. The answer is a blockchain-powered “event ticketing protocol used booking companies and marketing influencers that will make secondary market ticket prices and ticket fraud occurrences disappear.” It will deliver such features while offering complete transparency for every party involved.
|Price||1 KSC = 0.05 USD|
|Minimum Investment||0.1 ETH|
|Restricted areas||USA, Singapore, China|