K-POP Company owners are joining the train hype of Cryptocurrency - page 2.

DaftAjax

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Quote from: ReiMomo on October 09, 2019, 10:52:59 AM

Well, I think they really find out that they can really earn a big profit in crypto and the reason why they are planning to make there own currency through the blockchain network. This is a very big help to them to be able to become more popular because cryptocurrency is very popular and for sure their fan will also invest in what they had planned. Not directly help bitcoin but the entire crypto will bring popularity.

After reading replies on this thread, I've received mixed opinions.

I think at first, this will only help the company and the artists. Considering the amount of fandom they have(?) it's gonna be big for sure. Then, eventually, the fans will be more familiar with blockchain, cryptocurrency. And who knows, maybe by then, there's going to be something else like incorporating it to video live streaming or fundraising but this time with the use of cryptocurrency. I'm quite sure there's going to be lots of possibilities surrounding this project.

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Quote from: Btcvilla on October 06, 2019, 10:29:34 PM

K POP company want to joined cryptocurrency I think become fantastic with bitcoin or altcoin at the future, they have billion thousand fans around the world and can make billion fans K POP want to invest with bitcoin or altcoin, but K POP want to become part of bitcoin and altcoin iis true information or fake?

Well, I think they really find out that they can really earn a big profit in crypto and the reason why they are planning to make there own currency through the blockchain network. This is a very big help to them to be able to become more popular because cryptocurrency is very popular and for sure their fan will also invest in what they had planned. Not directly help bitcoin but the entire crypto will bring popularity.

DaftAjax

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Quote from: judeafante on October 04, 2019, 09:49:04 AM

Are K- pop that popular that they are confident that it will generate support, I don't even know if all the K pop fans are into Cryptocurrency, they should instead adopt a Crypto currency first and observe it's success before they launch their own,
and besides how many K-pop superstars they have in their stable because I'm not a K - pop fans.

Obviously, you're not a K-POP fan. Well, I am not as well, but considering that I knew about this, and their fanbase(?) I was really surprised to see that this is already a worldwide phenomenon. So yeah, I think they're confident enough to make this step, for the Entertainment Industry.

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I think this will have no impact anything for the world of Crypto, they are only carrying out their own mission, specifically for their own fans. I feel that their tokens will not long survive in the market, this is only a play token, for jokes.

You could be right. But the thing is, back then, Bitcoin isn't mainstream as well. Considering the Age bracket of the fandom of K-POP, its going to be a lot of people. Not just a lot of people, but people with money, who will pay any amount they can just for their favorite artists.

Genemind

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It will definitely bring a huge impact since the Kpop industry is too huge and they will also attract a lot of fans to invest. Big names making noise in the crypto industry would surely be an advantage in the market. It might not be successful but we could still consider it as a good way to catch the attention of the public with crypto. Kpop's popularity would bring crypto into the mainstream again.

Btcvilla

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K POP company want to joined cryptocurrency I think become fantastic with bitcoin or altcoin at the future, they have billion thousand fans around the world and can make billion fans K POP want to invest with bitcoin or altcoin, but K POP want to become part of bitcoin and altcoin iis true information or fake?

Sithara007

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This has become very frequent now. Whenever some company faces internal revolt or low stock prices, they use the cryptocurrency as a tool to stay afloat. First it was Facebook, which came out with its Libra cryptocurrency in order to retain its stagnant user base. This K-POP company is the latest one. I am tired of seeing crypto being used by these people for their own vested interests. In the end, we will get another worthless shitcoin, and it is going to do more harm than good for the cryptocurrency ecosystem.

ecnalubma

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South Korea has large numbers of crypto users its not surprising that some major companies wants to get involved in the trend. It is a brave move for company to jump on high risk but a high reward ecosystem, they really saw potential of the blockchain and applying it to K-POP could be a game changer also would influence their fans as well.

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I think this can have a slight influence on the cryptocurrency name that many will use and that means demand is increasing, hopefully more and more pioneers or names can have a strong influence on cryptocurrency.

timerland

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I love it when popular influencers get into crypto-currencies, they have a lot of popularity and they can easily get their own fan-base into these projects as well, and it's actually the most popular form of marketing nowadays just due to how much influence these people have.

From my experience with K-POP fans, they almost idolise their pop stars and try to do whatever they do, these moves will definelty influence how much support crypto will receive in the future.

ropyu1978

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with a high position might have an influence especially on the people involved in it, of course this interest did not come just like that but several figures have also participated the train hype

Mumbeeptind1963

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Quote from: TheCoinGrabber on October 05, 2019, 03:59:46 PM

Quote from: DaftAjax on September 26, 2019, 08:56:22 AM

Due to the shareholder revolt and a falling stock price of the company they wanted to create this, in order for the Artists and the company itself be able to directly interact with the fans and be more engaged in the entertainment ecosystem.

They're just gonna sell rabid K-Pop fans some shit coin that would quickly become useless faster than the average K-Pop aspirant's career.

In general, it's wise to stay away from celeb coins, they usually have nothing solid to stand on aside from the celeb's popularity and even that is not a guarantee these coins would hold their value.

Maybe that's your opinion, but this will be a breakthrough, of course, because the KPop is scattered everywhere. especially South Korea already uses a blockchain system.

they seem to be focusing on developing in South Korea and several countries that have a fans, this doesn't rule out the possibility of reaching out globally and that will be their great success

Yeah, if this thing gonna happen it will be a great PR for cryptocurrency, other countries will see this and they will think this as a good idea that can help them to earn more. We will go in the mainstream if this will happen. There is an exchange that I know that is korean based exchange its probit I hope that they will make partnership with them.

TheCoinGrabber

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Quote from: DaftAjax on September 26, 2019, 08:56:22 AM

Due to the shareholder revolt and a falling stock price of the company they wanted to create this, in order for the Artists and the company itself be able to directly interact with the fans and be more engaged in the entertainment ecosystem.

They're just gonna sell rabid K-Pop fans some shit coin that would quickly become useless faster than the average K-Pop aspirant's career.

In general, it's wise to stay away from celeb coins, they usually have nothing solid to stand on aside from the celeb's popularity and even that is not a guarantee these coins would hold their value.

karanggatak

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i dont know it will make people more attract to crypto, or maybe it can attract them with small chance. yes, if how much product will be success depend on who is promotes, but if they just promotion like the artist before, im not sure if what they do will give high impact for their product

coin-investor

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Quote from: DaftAjax on September 26, 2019, 08:56:22 AM

SM Entertainment, one of the top entertainment company in Sout Korea is planning on making its own blockchain network.

Due to the shareholder revolt and a falling stock price of the company they wanted to create this, in order for the Artists and the company itself be able to directly interact with the fans and be more engaged in the entertainment ecosystem.

What are your thoughts? Do you think this will have a "major" impact?

For more info, refer to these articles: Korea’s Biggest Entertainment Company to Launch Its Own Cryptocurrency and K-Pop Music Giant SM Entertainment Is Planning Its Own Cryptocurrency

It will have an impact on K pop industry but I don't think so in the Cryptocurrency, I hope they did make a feasibility study because K pop is not a big industry and I highly doubt it will have volume in the market, because it will only serve a small industry, if they are sure of it then why not we have seen Akon creating his won coin for his countryman and Pacquiao too is going to launch one, but coins coming from popular figure will not last long, we have seen in the past how people create coins for popular figure and they are not around anymore.

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Quote from: ReiMomo on October 04, 2019, 01:08:21 PM

Quote from: Oilacris on October 04, 2019, 12:57:49 PM

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I think this will have no impact anything for the world of Crypto, they are only carrying out their own mission, specifically for their own fans. I feel that their tokens will not long survive in the market, this is only a play token, for jokes.

Same view for this one and we have seen that there were lots of projects do tagged up anything just to make some shitcoin which isn't really that needed.

We don't need to have this K-pop crypto for what? They don't offer something new and we wouldn't be surprised if this one easily dies down even after a few days on launch.
Main motive is either on accumulating funds or just trying to join with the hype for adding more exposure.

In short, they just wanted to create another shitcoin and using the blockchain in a way to promote the K-POP name and also to get profit as well to their fans. Sound likes a bit silly but that is true. They don't help the market through the price situation but yet they contribute to making bitcoin have exposure and that's it. Well, we can consider this is a part of good news though

Yeah you are right even though we do see this as a shitty way on making their own shit token but at least they are giving out some publicity with crypto which will end up on curiosity specially to its fans.We cant say if it would be effective but for sure there would be some people who would able to go to the right path.

This is indeed targeting out to make money into their fans but well this isn't our business though.

imstillthebest

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Quote from: Ailmand on October 04, 2019, 08:32:47 PM

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yes for that I am sure a business in the entertainment industry will succeed using crypto.

many celebrity and artist that are on the entertainment industry have promoted and own a crypto business before but no i dont see any positive updates from them .

they are silent , so how can you say that crypto on this kind of industry will succeed ? only few maybe and on the kpop industry maybe .

i havent heard any kpop that joins crypto aside from this . this could be the first one ? let see how this goes.

matchi2011

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Quote from: Ailmand on October 04, 2019, 08:32:47 PM

It is not far that even the showbiz and entertainment industry will be using cryptocurrency. It could be a good way to promote and expose crypto to the mass which could help in mass adaptation. Knowing that Kpop is somehow know around the globe.

I also read that even Boxing star already created his own version of crypto coin, PAC Token was named after Manny Pacquiao a well known boxing champs.
With this new additions of K-pop industry and if the trends will turn according to it's plan, we will expect more celebrities and well known big names that will also embrace the chanin and begin to work with blockchain technology.

JeffBrad12

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Will definitely bring a major impact the the artist under the SM entertainment and that includes the KPOP fans aswell, but not really for the world wide. Maybe it's just their last effort to save their company from bankruptcy. I haven't followed the news about this company but it seems that they have some kind of urgent circumstances and facing a big problem that forces their investors to withdraw from the company and the company itself the capital to keep on mantaining its operation. If this become a success for the company, I'm pretty sure that the other company that works in the same field will follow the strategy and then basically there'll be a crypto specialized for KPOP I guess.

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Quote from: Ailmand on October 04, 2019, 08:32:47 PM

It is not far that even the showbiz and entertainment industry will be using cryptocurrency. It could be a good way to promote and expose crypto to the mass which could help in mass adaptation. Knowing that Kpop is somehow know around the globe.

Yes they are really known around the globe and they have a huge community of people who really love K-POP and other type of Korean creations. If the K-POP companies will really use the cryptocurrencies then it will become the start of the revolution of cryptocurrency around the world since it will give a lot of exposure for cryptocurrency that could lead into adaption.

Ailmand

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It is not far that even the showbiz and entertainment industry will be using cryptocurrency. It could be a good way to promote and expose crypto to the mass which could help in mass adaptation. Knowing that Kpop is somehow know around the globe.

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