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KStarCoin is a cryptocurrency based on the ERC20 standard, created by KStarLive. It aims to connect fans of Hallyu (Korean Wave) around the world to Korea. KStarCoin will be integrated into KStarLive's upcoming incentivized platform for their 9.3 Million subscribers and more Hallyu fans worldwide.
The project was developed with the belief that fans should be rewarded for their contributions to the platform. Currently, fans create high-quality content online but receive no proper credit. Through the use of smart contracts on the blockchain, users will be able to perform peer-to-peer transactions. They can also crowdfund concerts, meet and greets, and other events. Additionally, KStarCoin can be used to purchase tickets for these events.
KStarNFT is another initiative by KStarLive, which transfers various products such as concert tickets, idol photo cards, and CD albums from the traditional market to the digital world using NFT (Non-Fungible Token) technology. This helps to address issues in the existing Hallyu goods market, such as counterfeit products and ticket resale. KStarNFT is produced in collaboration with entertainment labels and SBSMediaNet, offering various categories of NFTs including NFT tickets for global concerts, TV show highlights, exclusive photos, and videos. It supports multiple blockchain networks like Solana, Binance Smart Chain, Ethereum, and Theta, ensuring scalability and a seamless NFT experience for users.
In the future, Kpop fans worldwide will have more opportunities to engage with KStarNFT and enjoy its greater utility.
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