NEW EXCITING ANNOUNCEMENT TO KRED LAUNCH!

To all our HODLSTARS, the KRED launch is upon us. The core JEDSTAR team has literally been working around the clock for the last 72 hours across four countries to make this historic launch successful and secure.

As announced on the AMA with Adam Shelton last night, our new CTO Kaiesh V. helped us to understand the most time consuming and complicated portions of the KRED launch has been the integration of the KYC system, multiple currencies for our buyers convenience, double audit and security.

To further our commitment to security, longevity and confidence in our token, we are pleased to announce that KRED will have a MINTING algorithm. Below are some answers to questions we will be anticipating from the community.

What does minting mean and why is this a good thing?

KRED will not be minting all 10 TRILLION tokens at launch to be held in a wallet that can be potentially rugged or hacked, essentially undermining the entire project and our HODLSTARS. This also fulfills our promise of transitioning from a meme coin, to a legitimate cryptocurrency with a use-case as well as a broad utility in the upcoming web 3 and metaverse.

How much can be minted at a time?

Only 10 billion tokens ($1MIL USD based on the $0.0001 launch price) can be minted every 12 hours.

Does this mean that unlimited tokens can be minted?

No. We can only mint up to the 10 trillion limit we have set for KRED.

Who can mint the token?

We have created a multisig system to ensure that only we can mint tokens requiring multi verifications to mint, meaning that one person cannot initiate the minting.

How does this 12 hour delay benefit the community?

By implementing a 12 hour delay between each minting, it prevents mass minting and the potential for someone to hack or rug KRED thus diluting the price. It also allows time for the community to see that a minting has occurred thus fulfilling our promise of transparency. All minting will appear on the blockchain.

Does this mean people can only purchase what was left from the last minting?

No. New sales of the token does not get affected and does not require minting. Anyone will be able to purchase the token at market value until we reach the public exchange circulation amount. This minting process prevents anyone on the team from just transferring tokens from a holding wallet and rugging the project, thus adding another layer of protection and security to our HODLSTARS.

Can you give us an example of when you would mint additional tokens?

We will be constantly working on developing new games, projects and marketing efforts. These require money in order to pay vendors, team members and resources. For example, if we needed to pay a team to create an animated series, we would then mint the required amount of tokens to pay for such an endeavor. However, as stated before, all minting will be available to see on the blockchain.

The decision to bring our new CTO Kaiesh has opened up thought processes and ideas never been considered before, through his incredible knowledge and experience. Extensive research, conversations, whiteboarding and sleepless nights has gone into this tokens roadmap. We are so excited to make this new feature announcement to you all.

Please continue to stand with us as we continue to work hard and make this launch possible. Continue to engage with our JED Troopers on telegram, discord and twitter. We will be constantly updating all of you with the latest information and any new launch time will give every one ample time to adjust their circumstances to participate in this historic launch.

Thank you again to all our HODLSTARS.

The entire JEDSTAR DEV TEAM