All we can do now is to speculate since its not been clearly stated on what would be the actual usage of these coins but same as you said if these were just solely used for
their own then this coin wont last on the market and i agree that they are just milking out their fans or supporters.
It should really have that usage where everyone would benefit out.If these greedy bastards would end up on the common path then im sorry for the potential investors or die hard fans on this one.
Of course. Since it hasn't yet taken into effect or rather it hasn't yet made an effect, we can just wait for its results. It's quite obvious that one of their goals is to help the company, then the artists--and everything that comes next. In the beginning, you might feel that way but when supporters/investors actually care for the project, it will bring lots of opportunities. Now I don't wanna be called "optimistic" but I'd rather treat this as a "growing bud"--that when carefully tended and watered right, will bloom into a beautiful flower.
I don't think SM Entertainment is that stupid to just milk the fans--and the fans might be blinded to the fact that they're "supporting" their favorite artists, but I also think they're not stupid not to notice if they're being bamboozled. In addition, the way this planned out was actually brilliant. Taking advantage of the number of fandoms could take this project to places. It's not that they're forcing the fans to "buy/exchange" for their crypto, but if an idea comes to mind--I might think this is just like fundraising.
well that's right, of course the benefits people will increasingly trust crypto and many who use it. because k-pop fans are so incredibly enthusiastic that I know.
Well, same here. I want
a project to be successful for once.