[ANN] KStarCoin - Blockchain for K-Pop Concert & Incentivised Hallyu Community

[singeorange77]

What is the architecture of your blockchain? Can I mine your tokens?

[Cloud4Y]

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

[Cloud4Y]

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

[Cloud4Y]

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.

[Esk1m0]

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

Do you think the project has good prospects? Now, because the credibility of the crypto market falls.

[piper345]

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?

[Cloud4Y]

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

Do 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

[singeorange77]

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?

[Cloud4Y]

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.

[Cloud4Y]

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.

[piper345]

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?

[Cloud4Y]

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.

[romangor]

How often can I receive a reward from the system in the form of tokens? Every month or once a year?

[Cloud4Y]

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.

[Falkgornos]

Hello guys. Who know does Kstarcoin have a bounty campaign? Or airdrop, referral program? How do they plan to advertise for their project and attract users?

[Cloud4Y]

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.

[GseaFred11]

Hello guys. Who know does Kstarcoin have a bounty campaign? Or airdrop, referral program? How do they plan to advertise for their project and attract users?

If you watch blog entries, kstarcoin team has already launched bounty several times and referral company, but now only airdrop remains active. Until the end of November you can participate.

[zgarretnill]

I believe that this project is a success. What is the costing of your token? How much can I get for $ 300

[Cloud4Y]

Hello guys. Who know does Kstarcoin have a bounty campaign? Or airdrop, referral program? How do they plan to advertise for their project and attract users?

If you watch blog entries, kstarcoin team has already launched bounty several times and referral company, but now only airdrop remains active. Until the end of November you can participate.

After launching the KStarCoin platform, the team plans to organize concerts. Crowdfunding is also great for expanding the user base, because more fans will be able to get closer to idols.

[Falkgornos]

Hello guys. Who know does Kstarcoin have a bounty campaign? Or airdrop, referral program? How do they plan to advertise for their project and attract users?

If you watch blog entries, kstarcoin team has already launched bounty several times and referral company, but now only airdrop remains active. Until the end of November you can participate.

After launching the KStarCoin platform, the team plans to organize concerts. Crowdfunding is also great for expanding the user base, because more fans will be able to get closer to idols.

Great, and what do they offer as a bonus? What you need to do to get it?