Topic: K-POP Company owners are joining the train hype of Cryptocurrency - page 4. (Read 880 times)

every project is free to give the features they offer to make a plus point for their project. but I myself judge here for the ease of processing their finances I think is good and simple. but if the aim is to make it easier for other people to make transactions with them I don't think that's because. K-pop is mostly for teenager and there is no doubt that teenagers at this time are not many who understand and really understand what crypto is. but the features they offer themselves are a very good idea

Still on 50-50 chance yet we know that it might rather be a miss or hit depending on the masses if they do able to see that cryptocurrency is worthy to be followed.
Its still a good exposure though for crypto market since we know on how big or how many is the kpop lovers globally but it doesnt mean that all of things that they would
plan or tend to do would succeed.It will always matter if the masses will embrace or just simply ignore  it and just focus on their popularity.

You can't say that they won't help the industry to recover. They might be an eye-opener to others who aren't believing in cryptocurrency especially that they have a large crowd following each of their moves. Believe in the power of crowd. They might be entangled in a more larger company that help cryptocurrency be known throughout the world.

Kpop celebs may be popular and can promote their blockchain project but it may not really help the industry to recover the loss. The volatility nature of crypto will only dip them more to the murky waters. The popularity though can make information of cryptocurrency be widely spread, Kpop are appreciated not just in Asia so the channel must be of help.

Yes, Manny Pacquiao's crypto has no major impact, even if he's a worldwide celebrity. Because the problem is that the fanbase is not really there.
I did a little digging and apparently SM Entertainment is the very first one to take the bullet.


Well, same here I like BlackPink too.
I probably look into it too. I'll be monitoring the progress they're making. So are you saying that Asians tend to take risks first then EU follows?


1) Well, I think the problem is you misunderstood everything.
2) It's clearly stated that, it's the K-POP company owners.... The decision is by the company they belonged to, SM Enterntainment, and not the K-POP groups/celebreties themselves. If we're talking about the company here, they sure know what they're doing. There are a lot of planning and preparations on their side before its even been known to public. The K-POP groups are probably going to be the intermediaries to this "project". And please, let's not talk about the Entertainment industry, that's a very big network. And the possibilities of other platforms like music streaming platforms, or even concert tickets and such.
3) Seriously! That's the plan!


I think they come in just in time. Considering back then, K-POP Fanbase is mostly East, specifically Asia. But now K-POP is a worldwide phenomenon, the fanbase is crazy large. So them releasing this "project" now(?) is better rather than earlier.

This could really bring a positive impact on cryptocurrency. As far as I know, SM Entertainment is one of the big 3 leading agencies in the KPOP industry. And is also know for great way of handling the business. We all know that it's the mainstream and the hype of KPOP are receiving now is huge, and there are a lot of fans around the world. Since it aims to connect the fans and the idol, fans probably would adopt with this, once it is adopted by the agency. I know a lot of fans who buy or engage themselves with what their idols are promoting so it would be easy to attract fans around the world about crypto through this. This could really a big help in increasing the adopting of crypto. 

depends on the coin  . thier coins have no impact because it might be that thier coins are still new and not yet been promoted properly or maybe thier coins  are simply not just attractive because there is no useful element on it . still , kpop industry is pretty huge and pretty popular .

 now imagine if crypto will be introduced by them i think cryptos can caught the attention of thier fans no matter how bad or good thier project are   . the hype in kpop is bigger than the hype that a regular celebrity keep that in mind  .

I see right now there are many celebrities who want to make their coins and some even make their own coins.
For example Manny Pacquiao. The coin has been released but has no impact.

So I don't think news from SM entertainment will have a major impact.
As I know, SM Entertainment is not the first company to have proposed the use of blockchain technology in the K-pop industry.

The South Korea markets,infrastructure,economy is booming for real and no wonder why K-Pop Culture is getting involved into blockchain. K-Pop simply reshaped the music industry and their fans are all over the world like even I got caught into songs from Black Pink ( even if my girl doesn't approve this haha ).

Also if this is the case and if they ever make their own currencies I would invest and the last coin I have invested in ICO was waves 3 years ago because lets be honest , K-Pop are at the beginning of the road. If Hyundai did their own currency why would K-Pop not joining into this cryptocurrency train ? Asians were always one step ahead from Europe in my opinion.

Since the share holders are revolting against them because their stock is not performing well, they have come up with a new gimmick thinking that it will give some stability, SM Entertainment are hoping to have some major impact on their announcement and only time will tell whether these sort of gimmick could help them establish a better market share.
If their aim is to have direct interaction with fans then social media is the platform they must be active rather than creating a token .

as a k-pop fan, i think there are will be many fans to joins crypto as long there is a benefit they will get to join or use the coins that SM offering.
maybe SM Ent. will be offering a benefit like every purchase using their coins will be have a chance to join fansign/fan meeting

We need to review a little SM plan to expand cryptocurrency. In my opinion, the idea came from subcontractors who saw the KPOP audience market share is very large, although there are many other types of music why KPOP was chosen, the reasons are:

- KPOP fans are more fanatical because they have different market segments, namely small children and young children.
- His enthusiasm is very much proven since the morning the location of the concert was visited by many fans and the number of fans who came many times over.
- Fever and euphoria of KPOP in all countries last a long time, although the appearance is instant but the music can be sustained.

If SM develops a cryptocurrency, will its enthusiasm be as big as KPOP music? In my opinion not necessarily, because:

- Although the number of KPOP fans around the world reaches 89 million people, not all KPOP fans are people who understand cryptocurrency.
- When SM launches a cryptocurrency, the market will see and review its vision and mission, and whether the market will respond according to SM's expectations.

K POP is the greatest company and many artist have been there, always have positive when K POP become bitcoin as their partner, just waiting bitcoin price will be higher in next time.

Entertainment industry is big, so I think it is good for us traders and holder, because of that the price of the cryptocurrency will go up because they can use their popularoty to promote crypto, then it's a win for us. The bitcoin will be know and many individual will make an investment to it!

The problem I see here is that these celebrities don't have a clue about what's going on here and for that reason back anything they deem interesting and rewarding enough, even when it's a clear cash grab.

We have seen quite a few celebrities enter the crypto sphere already, and they haven't contributed to anything but their own wallet. People need to stop following celebrities like blind sheeps. They're not here for you.

If celebrities really cared about the fundamentals of crypto, they would finance development, set up businesses utilizing crypto, etc. None of that is the case so it makes more sense to warn people against them.

K-POP company is very well known as of now even at a very young age, this is a good sign to crypto that to be well known even in the industry of celebrity entrepreneur. They will help to explore and broadcast this crypto and the behind on this is blockchain technology.
I saw a list of celebrity entrepreneurs, there are 5 of them who are getting involved in Blockchain startups here. https://www.inc.com/bill-carmody/5-celebrity-entrepreneurs-who-are-getting-involved-in-blockchain-startups.html. Probably they know about the PAC token the owner of this is a world boxing champion.

Is a good choice is use the token to pay to listen, buy the rights of the music, pay for the shows, tickets.
They have many options, and probably they're thinking and planing this in this exact moment.

K-Pop is a massive industry in itself, which surely has its own ordeals. While this doesn't come in as a major surprise, it feels a bit late if we have a look at all the other parallel industries coming into the blockchain/crypto buzz. Maybe they should've stuck to using an existing blockchain like ETH and created a an ERC token instead of having to invest a lot of fortune for creating their own blockchain.
Either ways, only time will tell of what will happen down the road and for the best of the K-Pop industry, it better turn out to be good.

This could be use to gain more people in the crypto industry the only thing that bother's me is that they would surely attract non crypto people .
And for sure it could have a huge effect in the market  specially if those people goes into trading they could easily be manipulated or lose some money or be part of the people who easily dump their crypto when they hear some fake news.

It depends on what they do with this information, not the information itself. They really make those celebs go out and talk about crypto here and there, doesn't have to be like promotion (there is nothing to promote) but create awareness then Koreans would probably listen. Hell k-pop is global now and well beyond Korea itself only which means there are people who will literally listen all around the world.

So, those celebs talking about crypto between sentences sometimes would create a lot of awareness and they could put this over the mainstream media, that is when the real price increases start. Don't forget the more adoption we have in crypto world the more price will increase, that has always been the truth and that is what we need from these kinds of news.