INTERNET CITY, DUBAI, Apr. 6, 2022, ZEXPRWIRE, LBank Exchange, a global digital asset trading platform, has listed Star Chain (STAR1) on April 6, 2022. For all users of LBank Exchange, the STAR(1)/USDT trading pair is now officially available for trading.

K-POP has been trending and widely recognized as a genre of music that is popular around the world in recent years. Audition programs play an important role in bringing new stars to the K-POP market, however, there are many issues existing in these programs, such as unfair and biased judgments. To address these issues, Shinlee Entertainment created a Cover Star platform, utilizing cryptocurrency based on the blockchain called Star Chain (STAR1) to improve the shortcomings of the existing audition platform market, and form a platform optimized for talent discovery through objective, transparent and fair evaluation. The STAR token has been listed on LBank Exchange at 18:00 (UTC+8) on April 6, 2022, to further expand its global reach and help it achieve its vision.

Introducing Star Chain

The Star Chain project provides services including Cover Star, an innovative audition platform different from existing audition programs, STAR Music, NFT digital content, and real-life payment systems. 

Web/App-based Cover Star can participate with its own STAR(1) coin. Participants can participate in auditions using coins, and online auditions will be held with a prize of 10 million won per month through auditions organized by Shinlee Holdings and operated by Shinlee Entertainment.

Uploaded videos will be voted through users, and selected participants will be eligible to hold competitions in actual performances. The contest will be open and held through the Cover Star platform, and the voting will also be held on its own platform, and the final round at the end of the year will be held with the winners every month. Participants who win the final contest will finally be offered entertainment contract opportunities with Shinlee Entertainment and partner agencies.

Moreover, Star Chain’s auditions will also be held for pets with various abilities they raise. Those who wish to participate in the audition can record their pets’ outstanding intelligence or noticeable unique behaviors and upload them to Pet Star.

Star Chain’s platform has steadily developed K-POP-based cultural business, so it has great growth potential, and participants have low thresholds and easy accessibility because the main stage is held online, not by broadcasters. Star Chain aims to give liquidity through competitive cryptocurrency projects and audition platforms for the next generation, and establish a trust mechanism with an efficient, transparent, and steady development direction.

About STAR(1) Token

The Star Chain network is built based on Solana, which aims to achieve fast, high performance at the level of a single node with decentralized and distributed blockchain systems.

STAR(1), its native token, will be used in the ecosystem, to build an investment environment for rational blockchain projects, and enables voting, management, and donation using it. In addition, it is possible to manage tokens using Smart Contract, provide mining functions, and manage asset operations such as staking coins using Wallet.

STAR(1) is also PG-linked and can be swapped in real time at the same value as legal currency and can be utilized through Star Pay. It can be used in conjunction with Star Market, which is scheduled to be developed in the future, in conjunction with the real market.

The total supply of STAR(1) is 10 billion (i.e. 10,000,000,000) tokens, of which 10% is provided for token sale, 20% is provided for Star Chain mining, 15% will be used for development, another 15% will be used for marketing, 20% is allocated to the foundation, and the rest 20% is provided for its ecosystem.

STAR(1) has been listed on LBank Exchange at 18:00 (UTC+8) on April 6, 2022, investors who are interested in Star Chain investment can easily buy and sell STAR(1) token on LBank Exchange right now. The listing of STAR(1) on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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