Have you ever heard of problems with scalping tickets before? It is indeed a huge problem, especially in the K-pop world. Sometimes the ticket prices are so high that it goes up to 1000% of the original price. So frustrating, isn’t it? Most of the time, seats are unavailable for most fans who really want to go to the event.
In our opinion, the ticket market right now is not transparent and fans are often left out of the equation. Adding inexplicable transaction costs to tickets is a common activity among ticketing companies. Funny thing is, it is illegal to sell all the tickets on-site, but it isn’t illegal to sell them online; even so, fines are only 200 dollars. Due to this environment, black market traders don’t mind selling tickets for a higher price.
KStarLive has the solution for this nonsensical situation: KStarCoin. It’s a blockchain based event ticketing protocol in the process of buying and selling tickets through cooperating with booking companies, entertainment agencies, and even with fans. Decentralized ticketing issuance and tracking protocol will be able to block ticket scalpers, who typically buy the large number of tickets and re-sell them on numerous different sites. This protocol will make secondary market ticket prices and ticket fraud occurrences disappear; it will provide absolute transparency for all parties involved in the process.
Another thing that you should remember about the blockchain-based ticketing protocol is that the owner of such a smart ticket is also free to anonymously sell his or her tickets. However, it will be automatically done within the decentralized infrastructure of the protocol. This ensures that ticket trades are done safely and within a set price margin (say good-bye to ridiculously priced tickets!) which is a good thing for both sellers and purchasers, isn’t it?
KStarLive has a goal to create a communication-oriented service between fans and Hallyu stars. We believe that this goal will be achieved faster, safer, and more transparent with a blockchain platform. It will also benefit numerous parties involved and we will be the center of the global Hallyu culture. This new cultural movement with blockchain technology will serve as a medium of communication between stars and fans.
Should you have any further questions or inquiries about KStarCoin ICO, please do not hesitate to contact us through [email protected]