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 transformed the technological world, utilized is a number of spheres like compensation repayments, medical facility documents, dissemination of universal standard revenue etc. yet one of its most fascinating applications is in Korea’s show business.

The South Oriental home entertainment company, z-POP Dream Job plans to make use of the modern technology to find the new K-Pop celebrity as well as construct the upcoming amusement platform. K-Pop or Korean Pop has actually ended up being the brand-new face of the Korean entertainment industry, with its appeal not just restricted to Asia but has actually spread out throughout the globe.

The intention is to construct a huge selection of talent and an overarching framework for the exploration of new skill for Z-POP worth a tremendous $46 billion, as voiced by their Chief Executive Officer Jun Kang to the Korea Herald.

Voting, being just one of the crucial aspects in the ability service will certainly be built on an Ethereum blockchain, in order to guarantee security as well as transparency of the tally. The purpose of this partnership will be to support as well as help expand skill, raise their fan base and also aid create future pop celebrities.

A “Star Development” segment is also on the cards, with the Z-POP Desire Tryout being held in the following locations: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, and also Singapore.

A token system has actually additionally been implemented for this program, with a first token offering set up for October. The token system will certainly operate with a two-pronged purpose, to produce a lasting structure for the project to ensure that it can expand as well as the other will certainly be to produce a worldwide monetization platform that will construct a structured procedure to channelize the token profits created by the company.

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

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