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  modern technology has no doubt changed the technological globe, utilized is a number of spheres like remittance payments, health center records, circulation of global standard revenue and so on however among its most intriguing applications is in Korea’s entertainment industry.

The South Oriental entertainment carrier, z-POP Desire Project plans to use the innovation to locate the new K-Pop celebrity and also build the future entertainment system. K-Pop or Oriental Pop has ended up being the brand-new face of the Oriental show business, with its popularity not simply limited to Asia but has spread throughout the globe.

The objective is to construct a wide variety of skill and also an overarching framework for the discovery of brand-new talent for Z-POP worth a whopping $46 billion, as voiced by their CEO Jun Kang to the Korea Herald.

Ballot, being one of the essential aspects in the talent organisation will be improved an Ethereum blockchain, in order to make sure protection as well as transparency of the tally. The aim of this relationship will certainly be to nurture and aid expand skill, raise their fan base and also aid develop future pop stars.

A “Star Creation” section is additionally on the cards, with the Z-POP Dream Audition being held in the adhering to areas: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, and Singapore.

A token system has actually additionally been implemented for this program, with an initial token offering arranged for October. The token system will certainly operate with a two-pronged purpose, to develop a lasting foundation for the project to make sure that it could expand as well as the other will certainly be to produce a global monetization system that will develop a structured procedure to guide the token earnings produced by the service.

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

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