Your project is able to inspire confidence and goals are quite noble - it is to compensate users for the love and creative works in the development of the community. Are there any criteria for the selection of participants? Maybe you limit the inhabitants of some countries, for example, the United States or China?
In general, we have no restrictions on which countries can participate in the purchase of tokens. Even if in the USA there are some problems with the registration of tokens, then the user can purchase coins from there, understanding the risks. Our project has a global focus. |
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Hello guys. Does this ICO offer some bonuses for investors? And what is the minimum of token one can invest in?
Of course, we offer users to participate in the Airdrop program and get 200 free tokens as a bonus. The second round of sales will begin soon and you can buy them immediately from the exchange. Come https://medium.com/@KStarCoin/200-kstarcoin-ksc-airdrop-event-on-latoken-666dea796049 and register, bonuses can be received until November 30th. |
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Your roadmap shows that you will have up to 100 concerts and fan meetings a year. These are great expenses, is your platform able to cope with such a load?
We are confident that the platform's ecosystem will allow attracting large amounts of funds through crowdfunding, platform operation and partners, which will increase the number of events per year. We will establish a system for crowdfunding domestic and overseas K-pop performances with KStarCoin, and secure performances and profits by working with government agencies such as the Korea Tourism Organization, and domestic and foreign broadcasting companies. Considering ticket sales of domestic and overseas performances, KStarCoin estimates transaction amounts and ticket sales would be $500,000 to $2M per performance, and KStarCoin transactions of $20M to $50M or more can be achieved with 10 to 50 concert crowdfunding and ticketing events per year. |
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Of course, now fans have difficulty buying tickets to idol events, especially if they are not living in South Korea. But how do you want to deal with this problem?
Yes, you are right, it is more difficult for foreign fans to buy tickets than for Korean fans, but KStarCoin platform solves this problem. We give users the opportunity to earn tokens, due to which they will be able to get tickets for concerts. In addition, the usual sale of tickets will be realized, but since the platform is based on the blockchain, speculation with price and authenticity is excluded. |
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Which currencies do you accept during the ico sale? If you sell from the Latoken exchange, can there be a multi-currency exchange?
The accepted currency is ETH. But since we sell tokens from the stock exchange, it will soon be possible to buy for Bitcoins. Stay tuned, we will report soon when the second round of the crowdsale begins. |
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Hello guys. it's so attractive ICO. Do you have any testing product available yet? If not, when will you launch the platform to work?
Hello. So far, we are continuing to develop the KStarCoin platform. At the end of the year we plan to launch a platform for selling tickets, and in early 2019 to complete the development of a platform with the crowdsale services. |
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Hello. Are your sales still active? I heard that tokens no longer apply. But how then do you continue airdrop until the end of November?
Yes, all users can participate in Airdrop until November 30th. We completed the first stage of the main sales on November 9 and will soon announce when you can buy KSC tokens again. |
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Hi, the project sounds interesting, but who, apart from the fans, will benefit from supporting the platform? Who are your consumers?
The platform can benefit not only ordinary users who are keen on Korean culture, but many brands can become advertisers and partners of the project, providing users with favorable conditions for trade. Investors will receive a profit from owning tokens on a long-term basis. I understand why users will come to the platform. But what benefits do you offer for commercial structures? Why will companies interact with you? KStarCoin has such advantages and benefits for commercial structures: - Distribution channel that could target all geographic areas - Less burden on marketing due to the existence for KStarlive’s Media commerce capabilities - Solves the issue of a lack of a payment system Read more about KStarCoin project in white paper https://kstarcoin.com/download/KStarLive_KStarCoin_ICO_Whitepaper.pdf?v=20180705123002 |
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You plan to implement many tokens, but if you don’t manage to sell them all, what will you do with them? Will you burn your tokens? If yes, how can we know that unsold tokens will be really burned?
For crowdsale to investors allocated 70% of KSC tokens. Unsold tokens just will not be released. |
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Hi, the project sounds interesting, but who, apart from the fans, will benefit from supporting the platform? Who are your consumers?
The platform can benefit not only ordinary users who are keen on Korean culture, but many brands can become advertisers and partners of the project, providing users with favorable conditions for trade. Investors will receive a profit from owning tokens on a long-term basis. |
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You pay much attention to the issue of ticket sales. What improvements do you want to make and why is it important?
Many fans do not have access to see their own idols with their own eyes. Although users do an important task - they push the Hallyu wave further around the world. KStarCoin platform will allow rewarding active users with charity tickets, as well as create a system to discourage speculation with price and authenticity. In addition, users can legally but anonymously sell their ticket in case they cannot be present. |
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Hello team. Your project attracts attention because the entertainment industry is always on top. But I can not understand what your soft cap and hard cap? Have you already collected the necessary amount for the implementation of all plans?
We have already held a pre-sale and the first round of the main sale, and we believe that KStarCoin will attract enough funds to run all the planned systems. Our soft cap is 90 M and hard cap is equal 450 M. All information you can find on website https://kstarcoin.com/ |
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Hi. 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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Do you plan to meet with investors and participate in blockchain events to make the project popular?
Of course we participate in events and even will organize a concert. KStarCoin’s 1st K-Pop Concert is scheduled for early 2019. Follow our news! |
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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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Hi guys, how are your sales going? Hope well? How long does your airdrop go? A friend told me about you, I would like to participate
Thank. November 9 ended the first phase of sales. We will announce the launch of the second phase soon. You can participate in Airdrop until the end of November. To do this, you need to register at the Latoken and perform a series of actions to get 200 bonus KSC tokens. Participation conditions you will find on the page https://medium.com/@KStarCoin/200-kstarcoin-ksc-airdrop-event-on-latoken-666dea796049 |
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I would like to know when the platform will be available to users and you can start working with it?
Hello. Thank you for you interest! Since we offer several services related to the sale of tickets, community support, cooperation with commercial services, these systems will be gradually launched. Blockchain ’soblo’ Main Net, KStarCoin Community and KStarCoin Concert Ticketing Platform will be launched until the end of the 4th quarter of 2018. KStarCoin Crowdsale Platform will start of her work in the beginning of 2019 year. |
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Hello. I heard that you want to develop your own blockchain structure. What you do not like existing systems?
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. It would allow DApp developers to operate on top of the blockchain for free without having to worry about service fees (or also called “gas” in Ethereum). And what do you propose to change in such a blockchain system? Together with our partners we agreed on the creation of a 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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