Ethereum Blockchain to be used to find the next K-Pop Idol

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September 3, 2018 by
Ethereum Blockchain to be used to find the next K-Pop Idol

Blockchain  innovation believes revolutionized the technical globe, utilized is several rounds like compensation settlements, medical facility records, circulation of global fundamental income etc. yet one of its most intriguing applications remains in Korea’s show business.

The South Oriental home entertainment service provider, z-POP Desire Job means to utilize the technology to discover the brand-new K-Pop star as well as construct the future amusement system. K-Pop or Oriental Pop has actually ended up being the brand-new face of the Oriental entertainment industry, with its appeal not just restricted to Asia but has spread out throughout the globe.

The purpose is to develop a huge selection of skill as well as an overarching structure for the exploration of new ability for Z-POP worth a whopping $46 billion, as articulated by their Chief Executive Officer Jun Kang to the Korea Herald.

Voting, being one of the essential elements in the ability company will be built on an Ethereum blockchain, in order to make certain security as well as transparency of the tally. The purpose of this partnership will be to nurture and aid expand talent, enhance their fan base as well as aid establish future pop stars.

A “Star Development” section is additionally on the cards, with the Z-POP Dream Tryout being kept in the complying with places: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, as well as Singapore.

A token system has actually additionally been implemented for this program, with a first token offering scheduled for October. The token system will operate with a two-pronged objective, to create a sustainable foundation for the job to make sure that it could expand and the other will be to create an international money making platform that will build a structured process to channelize the token profits created by the service.

Z-Pop Dream will certainly have its own cryptographic token, the ZPOP coin, which has a whitelist price of $0.08 for 1ZPOP. The total supply will be 4 billion tokens, 1 $10 million soft cap, as well as a $100 million hard cap.

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