Numerous types of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, etc. have been created based on blockchain technology. Even though they are not recognized as legal currencies, cryptocurrencies pose monetary function in e-commerce or general stores, and they are spreading around the world as real means of currencies.
The most attractive parts of blockchain are decentralized structure, security, and transparency, and it is expected that a new ecosystem will be formed beyond virtual currency as an essential technology in the digital world where almost all real life and commerce depend by network.
Blockchain-based token ecosystem is optimized to respond to the global environment with features such as support for various languages, currency/payment methods, the spread of mobile environment, etc. To cultivate global K-Pop stars, a token utilization system within Lolli-Pop ecosystem must be established.
Lolli-Pop evaluates the user’s rating based on the activities of all users taking place within the ecosystem, such as product information registration, product purchase, star support, etc. during the use of online services, and the platform pays rewards accordingly.
Values are granted for payments, comment posting, Like, support, etc. taking place during the process of using various on/offline services, and Lolli-Pop tokens are provided as rewards per the value. By utilizing accumulated Lolli-Pop tokens, users use various services within the ecosystem, creating a virtuous cycle structure that maximizes service use and activation activities within the ecosystem through a reward system.
- Users/fans recharge and utilize Lolli-Pop tokens for fan voting, event participation, and/or community activities in the process of cultivating desired aspiring stars into actual stars. They can also use them purchase performances, recordings and merchandise of stars.
- Aspiring stars receive support through Lolli-Pop Tokens from users/fans and investors in the process of training and auditioning to become K-Pop stars.
- Academy uses Lolli-Pop tokens during the curriculum training aspiring K-Pop stars, and it also uses the
tokens for the planning of concert/product and payment.
In other words, Lolli-Pop tokens issued by Lolli-Pop project can be used for various purposes such as fan voting, purchasing Hanryu products, booking concert, and taking K-Pop Academy classes.
Token issue plan is as follows.
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