KStar Fan Token

Fan Token

Fan Token(s) A utility cryptographic branded token bearing the marks/name of the partnering Idol groups, celebrities, sports team or organization to which they relate. Such Fan Tokens are created by a separate entity within the Group and are designed for direct utility.

Fan token(s) grant their holders the ability to take part in exclusive feedback polls, surveys, and to otherwise influence decisions for the Idol groups or celebrities to which they belong.

Why develop KStar Fan Token?

Our motivation: To turn the world’s billions of K-pop, K-drama, K-movie, and K-culture fans from spectators into influencers. With KNFT tokens our vision is to turn 89million fans and spectators into team-connected influencers and decision-makers. The Hallyu market continues to grow year over year. Exploration to try to improve fan engagement in the entertainment industry is ongoing, as with both verticals, monetizing fans via direct team connection. Our vision embraces both cryptocurrency and blockchain-backed fan platforms as the most effective tools to empower K-pop and overall K-culture’s active fans and transform them from passive spectators into active influencers, who help guide the teams and organizations they love to follow.

Additionally, over the past 6 years, while operating the KStarLive.com platform for 9 million overseas Hallyu fans, we have continuously observed that global fans around the world constantly have to overcome numerous obstacles to support, meet, and get close to their favorite artists.

We believe KNFT token backed by blockchain technology will be a gamechanger by allowing a seamless connection between the artists and even global fans.

The Opportunity: Fans can only watch. They can’t make decisions or influence the organizations they love. The current entertainment environment offers - for the most part - only transactional ‘contact’ for fans. They pay for licensed products & watch their artists performing in their favorite TV show or concert. However, this is a passive endeavor as the fans have no influence over their favorite teams or players. While the appetite to ‘activate’ fans as influencers exist, a current exploration into direct fan engagement.

Historically, unless you create your own team, there are almost no systems in place for influencing team decisions and there is no way to transition from fan to active participant. Gaining this voice through direct investment in a specific team is not an option for the vast majority of entertainment organizations. And even if it were, the barriers to entry for an average entertainment fan - time, funding, talent acquisition ability – are immense to the point of being insurmountable

KStar Fan Token

KStar Fan Token is a currency option for blockchain-backed products & services geared towards mainstream consumers. We want to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more.

Entertainment investment mostly comes from media corporations, corporate sponsors, and independent, wealthy financiers. As such, the average fan has no ability to participate in decision-making events for the organizations they follow, though this demand exists. KStar Fan Token fueled tokenized fan voting platform fills this gap.

This affords fans some degree of decision-making influence.

What is the KStar Fan Token used for?

Collect Rare NFTs

Hallyu fans can use KNFT to purchase rare NFTs of Hallyu actors and k-pop idols. NFT connects fans and artists by providing various utilities such as private fan meeting tickets, concert tickets, and 1:1 facetime with artists.

Vote to be heard and to support

Fans who obtain voting rights by trading KNFT tokens, gain a decision-making right. Fans with a voting right can participate in various decision-making to support artists.

For example:

1. when running a subway advertisement for an artist, a big culture of K-pop fans, you can use KNFT to vote on which station to run the advertisement and which photos to use.

2. Fans can earn a voting ticket using KNFT, and vote to send a coffee truck to a filming site of their favorite artists.

Each vote is executed as a group of smart contracts, wherein fans leverage their ownership of Fan Tokens to ‘send’ them to various answers in a given pole. Once a certain engagement threshold is met, all voting results become valid, with all votes and vote results stored in side blockchain for transparency.

Support the artist

With KNFT tokens, Hallyu fans around the world can support the album production of their favorite artists or directly sponsor various events such as fan meet-ups and concerts.