In the roadmap, you wrote that Soblo blockchain is implemented. What is it for and what are its features?
Yes, I also interesting in how does the consortium differ from existing blockchain systems? KStarCoin is based off Etherum, which indicates that there will be one transaction every seven seconds. However, we understand that for some services we provide, one transaction every seven seconds would be inefficient. SOBLO has found a way to process 1000 transactions every second, which would be extremely helpful for ticketing purposes in regards to one of the consortium members like KStarcoin, which is a platform that involves itself on crowdfunding concerts through its Hallyu fans. Second difference is if EOS tends to reward miners based off how much block is mined but SOBLO will not require or have mining. Instead, SOBLO will reward its users based on the value that they add to the blockchain through alternative means such as driving traffic or creating user content for various platforms related to the Soblo Consortium.
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You offer ICO in the field of entertainment, but there are very high risks of being lost among other projects. How will you position yourself to help the Kstarcoin project find a lot of investors?
KStarCoin is KStarLive’s Cryptocurrency that will be integrated into KStarLive’s Hallyu Community. Yes, our project is also related to entertainment, but due to the fact that more and more people are becoming fans of Korean culture, we are confident that we can successfully compete with other blockchain projects. Currently, fans of Hallyu are creating valuable, high quality content on SNS platforms that generate monetary value. However, all of the profit generated by the content is currently kept by the SNS platforms. Using KStarCoin blockchain technology, we will be able to accurately give back value to our users.
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What cryptocurrencies do you accept? Do I need to open a new wallet, if I keep bitcoins?
If you use a MEW wallet or another popular system, then you can exchange BTC in ETH. During ICO stage, we sell KSC tokens only for ethereum. Register on the Latoken exchange and you will get 15% bonus. Also we gift 200 Tokens for Airdrop participants. Correctly. To buy KSC tokens you need Etherium currency. And if you did not create ETH wallet before, this article can help you. There is a description how to make Etherium wallet on one of the most popular platform Myetherwallet https://medium.com/@KStarCoin/how-to-receive-your-free-airdrops-bounty-making-an-ether-wallet-guide-for-dummies-73987b037ec6
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Your idea looks presentable. How many minimum tokens do you need to sell in order to run the platform? What do you plan to do with unsold tokens
A total of 1,000,000,000 tokens were released and to implement all the tasks for the development of the KStarCoin platform, we need to sell at least 90,000,000 KStarCoin. Our hard cap is 450,000,000 KStarCoin
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What security measures do you propose to do on Kstarcoin platform? Since the theft of cryptocurrency is quite common
We made several security updates. User will be able to set a lock for a minimum balance. It will take 12 hours to lower this balance. For example, lets say a user had $3,000 worth of KSC and had set the minimum balance at $2,000. If the account were to be hacked, the hacker will only be able to withdraw $1,000 worth of KSC. It allow the user 12 hours to see that their account has been compromised and to take action.
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How do you think in which countries your project will most actively involve users and companies in maintaining the ecosystem?
Hello, thank you for feedback. We see potential in the markets of America, Europe and Japan due to the high involvement of people from 10 to 30 years. But our focus is on the Southeast Asian market.
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I know a lot of platforms rewarding for creating content. But how will your project stand out? What is special about it?
Hello, thank you for your interest. First of all, KStarCoin project was created to support the Hallyu community, help fans get rewarded for their activities to thrive on the ecosystem, and solve some problems. The KStarCoin platform operates in several directions. 1. Crowdfunding. Fans of Hallyu and other participants can use the KSC coins to crowdfund for a concert to be held in a specific country. 2. Ticketing. You can buy, sell and trade tickets with KStarCoin for these events. Thanks to the transparent nature of blockchain, ticketing fraud will be a thing of the past. 3. Gift Giving. KStarCoin can help by assisting the fans to make gifts for their idols 4. K – Beauty. The KStarcoins will be creating a more effective way and effecient way for you to buy k-pop goods that you always desired to have.
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You plan to use tokens including as a means to pay for various services and goods of Korean origin. Are there any brands that agreed to support such an idea?
Our partners you can see on the website https://kstarcoin.com/. Currently our signed partners are what we provide on kshoplive. However with the launch of the platform we will be adding a lot more korean goods(k beauty, star related goods) by q1 of next year
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I am inspired by your desire to create a reward system for Hallyu community members, but I would like to clarify what types of payments you will use on the KStarCoin platform?
The KStarcoin platform will use two types of token to work. You have already knows KSC. This is KStarCoin token thatw ill be used for purchasing exclusive goods or services. And the second type is KRCoin(KRC) is South Korea’s stable coin. Users will be awarded with both types of tokens for active actions on the platform.
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Hello community. The idea of your platform is extremely productive. Now this industry is developing so well that tokens will have value for a long time. Are there any countries whose residents can't get tokens?
Due to some restrictions on the spread of cryptocurrency, there are restrictions for residents of the United States, China and Singapore. But if you don't provide KYC why then there are restrictions? Yes you are right. You can buy KSC tokens immediately on the Latoken exchange, and therefore do not need to confirm documents. We only warn that users are responsible for the acquisition and storage of cryptocurrency.
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Hello community. The idea of your platform is extremely productive. Now this industry is developing so well that tokens will have value for a long time. Are there any countries whose residents can't get tokens?
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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Hello. What is the minimum amount of tokens you propose to purchase? Are there any bonuses when buying a large number of ksc?
Hello. Price of token is 0.05$ in ethereum equivalent. Before you go to the purchase of KSC tokens, you need to replenish your personal account in Latoken exchange. Minimum Deposit Amount: 0.02 ETH. Lower amount will not be credited to your wallet. We have a 15% bonus for the entire pre-sale period, regardless of the number of tokens purchased. Contribute here https://wallet.latoken.com/market/ICO/ETH/KSC-ETH
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I see that this project can find many investors. Nice concept and opportunity for growth. What blockchain technology do you use for KStarCoin?
Hello. Thank you for your question. KSC tokens generated using blockchain Ethereum. Smart-ticketing protocol built upon the Ethereum blockchain that will facilitate the sale of event tickets by issuing smart tickets to wallet addresses on the blockchain. Besides we propose a new, free blockchain consortium structure that will operate based on good faith. In this structure. You can read more in whitepaper, chapter 10. https://kstarcoin.com/download/KStarLive_KStarCoin_ICO_Whitepaper.pdf?v=20181023110400
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Tell me how to manage the payment? Do I need to create my wallet or can I send money through a bank card?
To buy KSC tokens, you first need to replenish your account in the Latoken exchange. Use a bank card to buy Ethereum on one of the exchanges, after which, transfer money to the Latoken deposit and pay for the purchase of KSC tokens.
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Hi. How do you plan to solve the problem of protecting copyright on content?
Hello. Blockchain technology allows not only to make micropayments, but also to better regulate issues of authorship. The blockchain can introduce a level of transparency into the data space that is currently not available. Because the blockchain is a decentralized ledger that is immutable, transparent and easily auditable, it can enable users to have control over their data, including what data is being shared and who it is being sold to. Enabling users to regain control over their data also creates a new revenue-generating model that allows users to be directly compensated for the personal data that they choose to share.
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Who is the audience of your project? Due to what platform will make a profit?
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. Currently, fans of Hallyu are creating valuable, high quality content on SNS platforms that generate monetary value. However, all of the profit generated by the content is currently kept by the SNS platforms. Using blockchain technology, we will be able to accurately give back value to our users. Any activity that generates traffic will be rewarded in the form of our coin! Through our platform, we will distribute value in a logical and proper manner So authors of any type of content will be able to join the community and earn tokens? Or do you limit the range of activities that can be profitable? We can accurately estimate how many tokens will be given for different activities on the platform later. It is important for us to stimulate any activity that can bring traffic: the creation of text and video content, its distribution and more.
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Who is the audience of your project? Due to what platform will make a profit?
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. Currently, fans of Hallyu are creating valuable, high quality content on SNS platforms that generate monetary value. However, all of the profit generated by the content is currently kept by the SNS platforms. Using blockchain technology, we will be able to accurately give back value to our users. Any activity that generates traffic will be rewarded in the form of our coin! Through our platform, we will distribute value in a logical and proper manner
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How do you plan to use the collected funds? Have you thought up your future marketing program to maintain the attractiveness of the platform and the demand for a token?
Hello. There is our allocation plan: For platform development will allocate 20%, Concerts Planning and Preparations: 30% KStarLive.com Followers Increase Performance PR Marketing: 20% Commerce Advances: 10% Operating Expenses: 10% Advisors & Partners: 10% Promotion of the platform will include work with social networks, search and conclusion of cooperation with companies whose services and products users can buy for tokens, organizing concerts for fans and much more. Check out our roadmap https://kstarcoin.com/
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I'm familiar with the kstarlive platform - an excellent news publication about k-pop. But if the distribution of tokens goes through the kstarcoin site, then how long do I need to wait before charging?
Since the sale of KSC tokens is carried out directly from the Latoken exchange, your wallet will be replenished immediately after sending ETH. If you need more instruction please read this article https://medium.com/@KStarCoin/how-to-receive-your-free-airdrops-making-a-wallet-on-latoken-3c76c37143e9You can also join our Airdrop and get 200 bonus KSC tokens! Oh, really?! Wow, how long is airdrop ongoing? What should I do to receive ksc? Airdrop promotion will active until November 30. The rule of participation really simple. Follow KStarCoin’s Twitter Account Make a retweet Join KStarCoin Telegram group Join LAToken Telegram group More info in the article https://medium.com/@KStarCoin/200-kstarcoin-ksc-airdrop-event-on-latoken-666dea796049
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