Hello. Who will be the main users of kstarcoin? Are there any restrictions?
The KStarLive was created as a media resource for fans from around the world, but we focused on non-Korean fans who found it difficult to find information in English. Due to some restrictions on the spread of cryptocurrency, there are restrictions for residents of the United States, China and Singapore. |
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How often can I receive a reward from the system in the form of tokens? Every month or once a year?
We plan to create a long-term token storage bonuses. For supporters and holders of KStarCoin, depending on the number of coins you are holding at certain blocks, there will be an Airdrop bonus of KStarCoins on an annual basis. Also, the platform will award KStarCoin tokens of those users who create content. |
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I think kstarcoin will pick up a good demand. How will users be rewarded? Will you give them tokens or add points for activities and then they can be converted into coins?
Users will receive tokens as a reward. We use two types of tokens on the KStarCoin project. KStarCoin(KSC) will be used for purchasing exclusive goods or services such as concert ticketing, crowdfunding and exclusive licensed goods. Depending on the amount and time held, you can be eligible to receive additional benefits. And KRCoin(KRC) is South Korea’s stable coin,with the purpose for real day to day commerce and transactions. It will be pegged to the Korean Won and will operate in a high speed blockchain platform to enable free and fast transactions. What about confidentiality? What do you plan to do to protect the user's personal data? The consortium blockchain structure will allow us to provide an integrated login environment where members will be able to save sensitive data. An individual may choose what data is saved on the server, however depending on what data is not available, one may not be able to use certain DApps that require the missing data. (DApp will control what data is required for login). We will provide a service similar to “Etherscan” where anyone will be able to see internal blockchain data transparently. |
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What is the architecture of your blockchain? Can I mine your tokens?
No, we do not use a system that requires mining. The current structure of major blockchains and its reward systems have proven that nodes are not operated in “good faith” and ultimately major players that own bigger shares of the pie will control the trend. Ethereum’s POS structure and DPOS structures such as Steem and EOS may face bigger issues of concentration of power and wealth due to the fact that decisions are made on the basis of accumulation of stake. If nodes could operate and reach a consensus without the incentivization of wealth, it will have a major benefit. But if you do not make a platform based on ethereum of the blockchain or other popular systems, then how are you going to work? Together with our partners we agreed on the creation of the SOBLO consortium. Our proposed consortium is different due to the fact that it is not specified to one field or industry and is open to any category of business. We will allow members to issue tokens on top of our platform. The consortium will have similar token agreements and regulations to ERC20 and will also have DApp agreements. By complying with the token agreement as well as the DApp agreement, the DApp operators will be able to give authorization for other tokens to be used on the DApp. Simply put, users will be able to use any token built on the platform on the DApps inside the consortium. |
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I think kstarcoin will pick up a good demand. How will users be rewarded? Will you give them tokens or add points for activities and then they can be converted into coins?
Users will receive tokens as a reward. We use two types of tokens on the KStarCoin project. KStarCoin(KSC) will be used for purchasing exclusive goods or services such as concert ticketing, crowdfunding and exclusive licensed goods. Depending on the amount and time held, you can be eligible to receive additional benefits. And KRCoin(KRC) is South Korea’s stable coin,with the purpose for real day to day commerce and transactions. It will be pegged to the Korean Won and will operate in a high speed blockchain platform to enable free and fast transactions. |
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On the kscarlive page I saw an advertisement for kstarcoin site. What do you offer to users? What opportunities do those who own tokens get?
KStarCoin project is a platform that rewards k-pop culture fans for generating traffic. There are many suggestions how to use our token: crowdfunding, commercial offers, community support. You will find more information about KStarCoin in white paper https://kstarcoin.com/download/KStarLive_KStarCoin_ICO_Whitepaper.pdf?v=20181023110400Do you think the project has good prospects? Now, because the credibility of the crypto market falls. KStarCoin team is going to put all of our efforts into making global cryptocurrency. Efforts of creators deserve what they have created and will be rewarded in cryptocurrency, which can be actually used in real life. Moreover, we also have plans for making our own platform coins in the long term |
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What is the architecture of your blockchain? Can I mine your tokens?
No, we do not use a system that requires mining. The current structure of major blockchains and its reward systems have proven that nodes are not operated in “good faith” and ultimately major players that own bigger shares of the pie will control the trend. Ethereum’s POS structure and DPOS structures such as Steem and EOS may face bigger issues of concentration of power and wealth due to the fact that decisions are made on the basis of accumulation of stake. If nodes could operate and reach a consensus without the incentivization of wealth, it will have a major benefit. |
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Many ICO projects are asked to provide documents for account authentication. And it is right. Do I need to verify myself to participate in the sale?
To buy KSC tokens it is not necessary to pass account verification. However, if you intend to participate in the airdrop campaign, then you will be provided with full information, including copies of your passport. You will find full information here https://medium.com/@KStarCoin/200-kstarcoin-ksc-airdrop-event-on-latoken-666dea796049 |
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On the kscarlive page I saw an advertisement for kstarcoin site. What do you offer to users? What opportunities do those who own tokens get?
KStarCoin project is a platform that rewards k-pop culture fans for generating traffic. There are many suggestions how to use our token: crowdfunding, commercial offers, community support. You will find more information about KStarCoin in white paper https://kstarcoin.com/download/KStarLive_KStarCoin_ICO_Whitepaper.pdf?v=20181023110400 |
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Honestly, my attention was attracted by the record of the ICO on the kstarlive site and I wanted to know more about what you are offering. What opportunities will I get if I become the owner of the tokens?
KStarCoin project is a platform that rewards k-pop culture fans for generating traffic. There are many suggestions how to use our token: crowdfunding, commercial offers, community support. Please read our white paper and if you have any questions, please contact |
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Now the Hallyu wave is gaining wide popularity. How do you plan to interact with the market, and what direction is most promising for the development and expansion of the number of KStarlive platform users?
Due to the fact that a large number of new idols debut every month, it is already difficult to succeed in promoting them in Korea. Therefore, we are very willing and actively trying to establish relations with foreign markets, such as China, Southeast Asia, and South America. |
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What functions can kstarcoin perform? In addition to rewarding content creators with tokens
The KStarCoin includes a wallet function, a commercial function, as we cooperate with Korean brands that can be purchased using KSC tokens for payment. Also the function of ordering and buying tickets, crowdfunding function etc. See full description here https://medium.com/@KStarCoin/what-is-kstarcoins-benefits-2d93fc107025How many tokens do you plan to release and how do you want to use the fund after receiving the necessary money for realisation kstarcoin project? We have released 1 billion KSC tokens and in order for the project to work, it is necessary to sell at least 90,000,000 coins. |
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Have you already selected experts who will advise you on how to successfully release the platform and make it work?
Yes, we have a large team of advisors, 12 people, including many experts in the field of blockchain, development and representatives of business structures - our partners. You can find a list of specialists on the site https://kstarcoin.com/Yes, I see you have a serious approach to the project. And I like it. How do you think, how quickly the project will be able to achieve self-sufficiency? If you look at the graphics in a white paper, you will see data that the popularity of culture is growing rapidly. And we think KStarlive projects to reach 30 million subscribers by December 2019 and 50 million followers by December 2021. Accordingly, the base of users of the KStarCoin will grow as quickly. |
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I do not see information on the implementation of at least the alpha version. Does anyone know, the team plans to do only the desktop version or will there also be a mobile application?
The team will gradually produce the release of the platform. KStarCoin Community and KStarCoin Concert Ticketing Platform will be launched in Q4 2018. Then they will release KStarCoin Crowdsale Platform. Information about the mobile application yet. Follow telegram to find out news https://t.me/kstarlive |
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What functions can kstarcoin perform? In addition to rewarding content creators with tokens
The KStarCoin includes a wallet function, a commercial function, as we cooperate with Korean brands that can be purchased using KSC tokens for payment. Also the function of ordering and buying tickets, crowdfunding function etc. See full description here https://medium.com/@KStarCoin/what-is-kstarcoins-benefits-2d93fc107025 |
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Tell me if I am temporarily in America, but I am a citizen of Russia, can I participate in the token sale?
We have completed the first stage of the sale of tokens and will soon launch the second. We cooperate with the Latoken exchange, so you do not need to confirm your location and citizenship to acquire KSC tokens. |
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Have you already selected experts who will advise you on how to successfully release the platform and make it work?
Yes, we have a large team of advisors, 12 people, including many experts in the field of blockchain, development and representatives of business structures - our partners. You can find a list of specialists on the site https://kstarcoin.com/ |
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I was interested in your idea of using a two-level currency system, but I would like to know how it works?
KStarCoin’s token economy consists of 2 tokens and is uniquely designed to be beneficial for token holders, dapp developers, partnership firms and all other participants of the ecosystem. KStarCoin(KSC) will be used for purchasing exclusive goods or services such as concert ticketing, crowdfunding and exclusive licensed goods. Depending on the amount and time held, you can be eligible to receive additional benefits. KRCoin(KRC) is South Korea’s stable coin,with the purpose for real day to day commerce and transactions. It will be pegged to the Korean Won and will operate in a high speed blockchain platform to enable free and fast transactions. By being active on KStarlive’s community platform,users will be able to get KRC in rewards as well as KSC in selected bonus rewards when applicable. |
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Heard you will promote the k-pop culture. What is your goal in this direction? How will your platform help to popularize this type of entertainment?
Our idea is to promote the development and popularization of the Hallyu movement. In this direction, KStarCoin platform can become a place where users not only communicate, but also receive bonuses tokens for the content they produce. We also create a system to pay for tickets to concerts based on blockchains, which will help solve the problem of speculation on the price of a ticket and make payment transactions more transparent. KStarcoin users will be able to buy korean goods and pay for the services of numerous partners who cooperate with the platform. |
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Look at your price listed on the etherium, do you allow only this crypto currency to buy tokens or can I use something else?
Yes, we created a KSC token based on Ethereum blockchain and use only this currency for purchase. What services does your platform make available to users who have tokens? For all activities that create traffic, users will be rewarded with KStarCoin. With the rewarded KSC, users will be connected to purchase goods and services such as K-Pop crowdfunding, ticketing, hallyu goods, gifting to their favorite stars and etc! Through their fandom, users will be connected to their favorite hallyu stars like never before. |
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