KStarCoin is an Ethereum-based token, developed by KStarLive. KStarLive is a Facebook-based Hallyu contents platform which delivers news related to K-stars, including K-pop and K-drama, in English to fans all around the world.
CTO Taehyoung Kim
Q: Taehyoung Kim, you are the CTO of KStarLive and the developing engineer also, at the same time. How come you decide to make global coin?
To maximize the efficiency of blockchain technology which stores the same information in computers all over the world, it shouldn’t be only limited to local places and this particular function also plays important role for developing countries. The reason behind it was, as they went through the mobile world without the wired LAN cable, they will also go through mobile payment environment without using credit cards. For this, I ensure that crypto currency is the most realistic and the fastest way to make it come true.
KStarLive has over 8 million fans and most users are from Southeast Asia. KStarCoin is perfect as the next generation payment method for developing countries such as Southeast Asia. Furthermore, Korean wave contents will be acting as a medium for selling and purchasing and this will bring positive effects to the national interests.
Q: You mentioned that crypto currency tokens are ought tobe used right away. Why is that?
If we apply KStarCoin to certain services, that service will be automatically publicized by 8.36 million users. Therefore, the structure is constructed that ought to be loved by tourism and entertainment industry and through this, the number of our affiliates will be increased. Indeed, already several companies reached us. We already have contents that are purchasable that I ensure you that we will be partnered with many companies much faster than any other coins.
Q: Why would you emphasize the user-based ecosystem?
Three years ago, I was working for AdPick, which seems like an influential marketing platform, but thephilosophy behind it, was like this:
- A person who made traffic should earn the money.
- Traffic of SNS is made by users, but the profit does not transfer to them.
- AdPick created the system that profits the people who actually made traffic.
These are the philosophies that made me want to work with them. Now, as the blockchain generation came upon us, there are a lot of platforms exist that transfers the profits to the users right away which is, in my opinion, crucial moment for the Internet world.
Users of KStarLive gain KStarCoins while they are enjoying the contents from their KStarLive community. As they enjoy it, the traffic will be risen and as it rises, the value of KStarCoin will also be immense. With this, we will be able to work with more affiliates. When we can work with more affiliates, coins can be used many more places. KStarCoin, other than making profits, can be used for supporting theirs favorite artists too by sending gifts, fundraising for holding concerts in their own countries.
Q: When you make Kstarcoin, what did you concern the most?
When I make them, I had several philosophies of my own:
- It should be able to restored from malicious damages.
- It should be able to be combined or exchangeable with other coins.
- All the exchange records should be easily trackable.
- The contents from white paper should be realized as it is.
The part where it should able to be combined or exchangeable with other coins means that it should be correspondent to other coins when giantconglomerate’scoins come out. This is possible only for coins that have the sources before ICO.
◆KStarCoin official website: http://www.kstarcoin.com/
◆KStarLive official Facebook page: https://www.facebook.com/kstarlive