There are many issues that many people face, including K-Pop fans, and some of the issues that the KStarCoin ICO is trying to circumvent as a cryptocurrency and a blockchain is to offer a safe haven from the restrictions that strict capitals have in place in many countries to control the flow of money and to maintain high taxes. Also, cryptocurrencies are the new alternative to fiat currencies. We do not know how long fiat currencies can maintain their reliability and stability. Also, the trust for private banks and financial entities are lacking transparency and they do not let the public know about how the financial sectors are really doing.

By providing a blockchain and an alternative cryptocurrency, KStarCoin is able to build upon the foundation of offering frictionless transactions and to maintain the purpose of inflation control. Also, the offer of a cryptocurrency by KStarCoin ICO, called KStarCoin (KSC), assures the users of high-security protocols and processes that would verify transactions that take place. Illegal and immoral actions such as counterfeiting, money laundering, and fraud would be diminished.

In detail, KStarCoin, which is based on Ethereum ERC20, was able to develop a decentralized exchange and enable all forms of smart contracts by using Ethereum’s foundations. KStarCoin is able to activate a P2P type of transactions between individuals even before registration. It is optimized to implement smart contracts that show reliability and transparency, which would be good for payments and counter issues like ticket scalping.

KStarCoin can tackle most of the issues and be used for many things such as K-Pop concert/event crowdfunding, K-Pop concert ticket sales, K-Star goods sales, K-Beauty make up sales, providing ways for fans to give gifts to their favorite K-Pop singers, and so much more. Through the platform that KStarCoin will provide for its users, it will become the center of K-Pop or Entertainment related currencies.