Seoul Stars: $SSTAR Utility and NFT Benefits
The Seoul Stars ecosystem will have many layers; this guide will demonstrate the high level benefits of being an owner of Yuna NFT and $SSTAR token. As well as this, we are looking into further benefits to provide NFT holders!
Utility and Benefit of $SSTAR Tokens
Buying and Burning of $SSTAR with Yuna’s Profit
A unique and pivotal mechanism to maintain our ecosystem is the regular buying and burning of $SSTAR tokens. How will we have the funds to buy and burn $SSTAR? 30% of Yuna’s profit will go towards our community wallet, and from that, 80% will be used to buy and burn $SSTAR on an ongoing basis.
For transparency, Seoul Stars’ team will publish quarterly updates on revenue and profit generation for Yuna starting from Q4 2022, which is when we expect Yuna to start being featured in mainstream media and host virtual concerts in various metaverse platforms.
This revenue will come from sources such merchandise sales, metaverse concert ticket sales, album sales, advertisements as well as NFT sales and exchange commission.
NFT Debut Cards
Users will be able to purchase “Debut Cards” — an in-game prize box that includes a new Yuna NFT, using $SSTAR and CastingTickets. The newly acquired Yuna NFT will be part of a new generation of NFTs separate from the original 10,000.
There will be four types of Yuna NFT Debut Cards (bronze, silver, gold and diamond) that the users can purchase. The higher tier Debut Cards will cost more $SSTAR and CastingTickets tokens to purchase but have a higher chance of acquiring rarer Yuna NFTs with better attributes.
$SSTAR will be required to combine and upgrade various item NFTs which will enhance the gameplay and increase earning rate in the play-to-earn Seoul Stars games. Check out our whitepaper for more details on the item NFTs.
Seoul Stars Marketplace
Seoul Stars will soon open its own secondary marketplace where people will be able to trade various Seoul Stars related NFTs including Yuna NFTs and game item NFTs, and the main currency for trading these NFTs will be $SSTAR.
Holding $SSTAR tokens will give governance rights over our project — holders will be able to weigh in on our project’s future decisions. However, the initial development will be centralized to establish a strong foundation for our community to build upon.
Utility and Benefit of Yuna NFT
As mentioned earlier, 30% of Yuna’s profits will go towards our community wallet. NFT holders will benefit from this as 20% of the community wallet will be used to fund future giveaways. These giveaways will not only be for blockchain goods but also real life items, and will be only accessible to the NFT holders.
Privileges in Seoul Stars Play-to-Earn Game
As shown in the below table, there will be various privileges for the holders of the NFTs in the Seoul Stars play-to-earn game including the ability to earn $SSTAR tokens and CastingTicket tokens, ability to use special game skills, etc. These benefits will vary depending on the rarity of the NFTs.
NFT lending, also known as the scholarship system, has become very popular amongst the top play-to-earn blockchain titles. Seoul Stars will have an in-house NFT lending platform where holders can lend their NFTs and receive a share of the profits earned from the scholar.
In collaboration with Catheon Gaming, partnerships with guilds have been pre-established for Seoul Stars. We look forward to introducing our NFT lending platform and working with our guild partners to market its launch.
Yuna NFT holders will receive early access to new music and game releases. In addition, they will receive exclusive access to $SSTAR IDO presale, giveaway events, metaverse concerts, future NFT airdrops, and merchandise. Holders will also have the chance to meet Yuna’s song producer Tommy Lee, participate in lyric compositions of one of her songs, one hour vocal training session, and audition for Yuna’s duet song.
About Seoul Stars
Seoul Stars, developed by Catheon Gaming in partnership with leading K-Pop agency — HUMAP, is creating the metaverses first virtual K-Pop idol in the. Yuna is a realistic 3D virtual idol created by the Seoul Stars team and endorsed by famous K-pop stars. Yuna will release her own album — produced by renowned music producer Tommy Lee, and host virtual concerts across metaverse platforms. As well as premium content, a strong ecosystem will be built around Yuna. At the forefront of this ecosystem is the Seoul Stars rhythm and karaoke game where fans can earn $SSTAR tokens — the governance token of Seoul Stars.
The Seoul Stars team is a diverse collective of 40+ international members of the Korean and crypto community.
Join Seoul Stars:
📫 Telegram: https://t.me/seoulstars
🎮 Discord: https://discord.gg/seoulstars
🐦 Twitter: https://twitter.com/seoulstarsnft
🎥 YouTube: https://www.youtube.com/c/seoulstars
📷 Instagram: https://www.instagram.com/seoulstarsnft/
📝 Whitepaper: https://seoulstars.io/whitepaper