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T-ara signs contract with ENT Cash and will issue T-ara’s own tokens


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Recently, it is disclosed that Lee Ji Hyun and Hahm Eun Jung of South Korea’s T-ara group will issue their personal Token in the entertainment block chain application ENT’s main chain, and then they will become the world’s first artists independently issuing Token in the block chain world.

 

This has an epoch-making significance to the entertainment industry, and it means that the star can reduce the dependency on agent and can obtain a better independent development in the future, and also signifies that ENT lead the traditional entertainment industry into the 3.0 era of block chain.

 

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About ENT Cash

 

 

 

Edit: Questions solved

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OK, I did a quick-to-go search on what blockchain is, this is what I got:

 

What is a 'Blockchain'

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

 

 

 

Read more: Blockchain https://www.investopedia.com/terms/b/blockchain.asp#ixzz56eknwZpI

Follow us: Investopedia on Facebook

 

So what I got is that now, Eunjung's financial operations will now be handled trough this "BlockChain" method due this partnership with this..."agency".

 

I do not think this is T-Ara new agency at all...

 

But...Is just my miserable 0.5 cents since "Economy" is not my league...

 

Edit: I mistaken Ji Hyun for Jiyeon... :imstupid:

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OK, I did a quick-to-go search on what blockchain is, this is what I got:

 

 

So what I got is that now, Eunjung's financial operations will now be handled trough this "BlockChain" method due this partnership with this..."agency".

 

I do not think this is T-Ara new agency at all...

 

But...Is just my miserable 0.5 cents since "Economy" is not my league...

 

Edit: I mistaken Ji Hyun for Jiyeon... imstupid.png

Isn't Qri's name Lee Jihyun though

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I'm not 100% sure that I get all the details, but from what I understand, this means there will be some tokens created and associated to Qri and Eunjung. Not sure about the other girls.

These tokens are created with an association to the ENT crypto currency, at a fixed rate. These tokens, once created, can be used to to create a market, I guess focused on the person associated. And this kind of 'specific currency' will have its own fluctuations over the time. They can be used as a 'link' between the idol who generated the tokens, and his/her fans.

 

For example:

- Qri can create tokens or herself. 1 token would be equal to 10 ENT. So if Qri wants to create 10 tokens of herself, she has to buy 100 ENT for the trade. It seems to be arround 0.15 USD at the time I'm writing this, so 15 USD to spend. This token is a 'QriT'.

- She sells 1 tokens of herself to someone for a given price, for example 0.15 USD. So 1 QriT = 0.15 USD (= 1 ENT)

- Someone could use 1 tokens to buy a chewing-gum used by Qri (best item ever :|)

- The rate of the Qri token will evolve like any other money... and at some point people could be motivated to pay 15 USD for this collector chewing gum. So now 1 QriT, price of the gum, equals to 15 USD.

- If she needs more QriT to feed the market of people who want chewed items, she can still convert them for 10 ENT, at the give price of the ENT which will evolve on its own. Let say it stays at the same price (1 ENT = 0.15 USD). She gets 10000 QriT, at 1500 USD.

- Now someone can buy a public appearance of Qri at 1000 QriT so has to spend 15000 USD to get the QriT, and then use them to pay the appearance. So she gets 10x what she spent.

 

Now I'm not sure this example is clear... Anyway that's the short story, and in the middle the QriT is designed for exchanges between the fans of some celebrities.

 

But that means that if the ENT stays at the same price because it's crap and nobody invests on it, but Qri becomes an even more famous superstar than now, she can 'earn' some money by selling her QriT that she created for not much.

But if she gets totally forgotten or disappears (Boram style) and the ENT explodes because some other famous k-pop groups went on it too, she can loose money.

 

This does not act as an agency. This does not replace an agency. It will not help them directly in the industry world. It's a way to create a 'link' between fans and a celebrity. I would compare that to pokemon cards that you can buy, exchange, sell, etc.

Imho this news is just ENT trying to get some attention by saying "yeah first artist to do that, new shining version 3.0, the future is now, invest on us". They are surfing on the fame of the girls and using buzz words.

 

There is some kind of market fluctuations that are involved in all this and that makes me wonder if this could not be a drawback for the girls if they invest on it. I hope they have good people to advise them and won't gamble all their money on that system.

 

Saying that, I will still check how much is the Eunjung token smile.png

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