KStarCoin Pre-Staking Event at Coinone! A Chance to Win SMUF Tickets and More!

KStarLive | 09.11| 328

KStarLive is a blockchain-based Hallyu media platform for fans around the world. Its services are focused on non-Korean fans that have had difficulty accessing and finding English Hallyu content due to language barriers and the over-saturation of content. Through its innovative approach of curating and providing content from the viewpoint of the fans themselves, it was able to amass over 9 million subscribers and a monthly active user count of 1,000,000 within a three-year span.

KStarLive began with the belief that users that help generate value through platforms be accurately compensated and rewarded. Currently, Hallyu fans are creating valuable and high-quality content on multiple SNS platforms yet the monetary value created is retained by the said platforms. KStarLive’s platform is different in that it will distribute value in a logical and fair manner to the rightful owners via KStarCoins. Users can earn KStarCoin (KSC) through various fan activities such as writing articles, sharing videos, and simply even watching videos on its platform. With the rewarded coins, users will be able to purchase goods and services related to K-Pop and Korean culture such as concert tickets, MD goods, star-related goods, as well as gifting services (such as subway billboard ads and sending food trucks to their favorite celebrities).

The first of many services that are expected to be released during the second half of 2019 on KStarLive’s platform is their ticketing service. Now that KStarLive and SBS MediaNet are official business partners, they are in preparation so that KSC holders can start acquiring tickets to a range of different and unique events/concerts. The first glimpse of their ticketing service can be found through an event that is being held in collaboration with CoinOne. Our loyal users and fans that decide to stake KSC will be rewarded with exclusive concert tickets such as tickets to multiple mainstage performances at the 2019 Seoul Music Festival (SMUF) and more.

A Chance to Receive Concert Tickets by Merely Staking your KSC!

KSC is not only an asset that can be used for payment and trading but can also be viewed as digitized data that demonstrates how much you have contributed to KStarLive’s economy (participation in crowdfunding, activity on its platform, etc). In other words, simply holding KSC demonstrates the user’s contribution to KStarLive’s economy. In order to reward said users who have demonstrated their contribution and are not actively trading, we have proposed ‘staking’ so that they can receive rewards and benefits too.

KStarLive Staking: In the traditional sense, ‘staking’ is the byproduct of a pre-existing consensus algorithm called ‘Proof of Stake’ (POS). This is the concept that a person can mine or validate block transactions according to the number of total coins that they have staked. These validators are then rewarded with network benefits such as newly minted tokens. KStarLive is proposing a twist on staking in which we provide network benefits by providing exclusive goods and services such as exclusive concert tickets, access to fan meetings, and many more!

KStarLive plans to launch its staking service in collaboration with Coinone starting October of 2019.

Users that decide to stake their KSC at Coinone will be eligible to receive free concert tickets. The more KSC you have staked and the longer duration that your KSC are staked, the higher odds of receiving these rewards become.

*This staking service will be a regular event that will run until otherwise notified. Staking rewards will be distributed every 4 weeks. The amount of tickets rewarded as well as the type of performance is subject to change.

Partake in KSC Staking and Receive SMUF Main Stage Tickets!

We will be having a pre-stake event in September so that KSC holders that choose to stake their coins, can get rewarded with a chance to receive tickets to the Seoul Music Festival (SMUF) — a massive K-pop and Hallyu cultural festival that will be held in the heart of Seoul for 9 consecutive days. The pre-staking event will distribute 800 main stage SMUF tickets.

The pre-staking event and the release of 800 SMUF tickets is an essence a teaser of what is to come. We believe that we owe it to our users and supporters to test KSC staking and to understand the process as well as the benefits to come.

We’d like to apologize for our international fans that cannot participate in the Pre-staking event. We plan to use the pre-staking event in September to refine the process and continue to develop it so that our international users can also partake in KSC staking in the near future. Make sure to follow our social networking channels so that you can stay updated on the latest staking news so that you too can participate in KSC staking and redeem exclusive goods and services!

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