“Until today, cryptocurrencies only used for investing and never put to use in real life. Our mission is making an ecosystem where new value grows out of actual usage.”
This is the reason why KStarLive’s CTO, TaeHyeoung Kim, developed Hallyu based-crypto currency using Ethereum’s ERC20.
Blockchain Technology 'Ethereum’s ERC20' base
Last month, KStarCoin was created on the platform of Ethereum’s ETC20 and issued last month. KStarCoin is to consume Korean Wave Contents easily, world-widely and to make profits by uploading and distributing the Korean wave contents For the point of view’s development, CTO TaeHyeoung Kim’s goal was offering a service that is easy to use for everybody.
Recovery? OK!
Cryptocurrencies were complex to use that needed a thorough studying just to use it. Furthermore, it was impossible to restore the data when an account was damaged severely, or passwords are lost.
KStarcoin is easy to use when to watch videos and looking up for some information and technical support is already constructed for restoring the data when malicious damages occurred, or the password is lost.
“When an exchange went wrong by a mistake, previous cryptocurrencies were impossible to rectify them, but when there is a reasonable cause, the data can be restored, and this differentiates from other coins for the perspective of customer service to make everything convenient for them”, explained TaeHyeoung Kim.
KStarCoin business model
KStarCoin is a cryptocurrency that can be used in a community platform where international K-star fans who loves K-pop and K-drama participates. With these digital coins, fans all around the world can hold K-pop concerts through crowdfunding and even purchase Korean cosmetic products in their own countries.
CTO, TaeHyeoung Kim
CTO Kim is an all-rounded developer who can handle everything from web, mobile, server and blockchain development. Last year, he opened a software company ‘Cemware’ with a professor of Seoul University, Wook Hyun Kwon who is a respected authority of domestic electronic engineering field. Also, participated in the development of mobile app of Naver green factory and Golf scorecard. Right before to join in KStarLive, he led a success of ‘Adpick’ which is an influencer marketing platform making profits of one million won in 2016 as a CTO and CSO.
Not only the perspective of convenience but also his philosophy of ‘A person who made traffic deserve the profit that they have created’ is also reflected in the development of KStarCoin.
TRAFFIC = Money
In the world of the ecosystem of the internet, traffic is money, but right now platforms get most of the profits. Ergo, Traffic does not transfer to creators. But, in a KStarLive community, it is different. People who make traffic get paid in KStarCoins.
KStarCoin Commerce Structure
Purchases in exchanges in exchanges and P2P exchanges by individuals and participations in the KStarLive community can obtain KStarCoins. For example, writing review on Twice’s television show program or their music, fanfictions or even making their emoticons and so on can obtain coins too, i.e.not only creating the contents but also simply consuming on the contents will be rewarded with coins. Plus, Individuals can support and buy the creation of contents of others too.
KStarCoin Community Structure
With the platform and KstarCoins, fans all around the world can consume the K-star related contents, holding concerts and fan meetings and even send birthday gifts and a food truck to their favorite artists more easily and conveniently,
Lastly, CTO Kim added that “We are 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.”
◆ Original source from : http://www.etnews.com/20180410000207?mc=em_003_00001 (kr)
► KStarCoin Telegram: https://goo.gl/DcFMKP
► Like KStarLive's official Facebook page for updates on K-stars:
http://facebook.com/kstarlive
► Follow us on Twitter:
https://twitter.com/kstarlivecom
► Email: contact@kstarlive.com