TokenStars is the first celebrity management platform on blockchain. It builds the ecosystem that will provide celebrities, fans and advertisers with advanced tools and incentives for deeper interaction and engagement. The platform consists of 12 integrated modules that allow participants to connect in a new way.
Token allocation formula is established to ensure the healthy distribution to:
– Crowdsale contributors.
– TokenStars‟ employees and advisors, providing long-term motivation.
– Community and network growth activities, required to achieve financial and operational goals.
The TEAM tokens are software with cryptographic elements that are sold out as a utility appliance for the TokenStars platform. The TEAM tokens are based on the Ethereum protocol and conform to the widely-used ERC-20 standard. The TEAM tokens have their functional utility only within the TokenStars platform and their creation is conditioned by the need to develop an internal economy in the TEAM ecosystem that will establish transparent and fair relations among the TEAM community. The TEAM tokens are intended to be used by their holders only for its designated purposes. Number of such purposes may be increased over time, including, but not limited to, by means of adding new services and features available in exchange for the TEAM tokens.The TEAM tokens are intended for experts in dealing with cryptographic tokens and blockchainbased software systems.
PLUSSES OF TEAM TOKENS
TEAM tokens will serve as:
1. Form of access to TokenStars platform features, that verifies the token holder’s rights to participate in the activities, conducted within the ecosystem.
2. Internal currency – tokens will be used as a form of settlement in the transactions conducted within the platform. This will also allow us to avoid usual difficulties with fiat currencies such as low speed and trans-border payments related regulations.
There are 3 ways, how platform participants may acquire TEAM tokens:
1. Join the crowdsale (total supply will be limited by the number of tokens, created at the crowdsale).
2. Buy tokens in the crypto exchanges.
3. Earn tokens within the platform for committing actions and accomplishing the tasks.
TokenStars platform is designed as a toolkit, allowing to combine different modules to achieve the required capabilities and to encourage the interaction between the celebrities, fans (as well as regular token holders), advertisers, professional talent scouts and promoters. The detailed description of the modules’ functions and architecture can be found below in this section of White Paper.