NewStar aims to construct a new economic system for the large entertainment industry, centered around a decentralized valuation and revenue-sharing protocol. This will create a truly decentralized profit distribution system for the entertainment sector, fully protecting content creators work and copyrights. Contributors within the ecosystem can also receive corresponding rewards through their value contributions.
The NewStar Token (NST) is an ecosystem token designed for the evolving user behavior and influencer industry economy in our network influencer chain. NST can be used for crowdfunding, consumption, tipping, and sending gifts on the platform. Users and merchants can also conduct transactions using the token. Consumers need to use tokens for payments when purchasing from merchants within the ecosystem. Additionally, it can be utilized to invest in high-quality influencers and content producers. The identity data embedded in every video and channel facilitates relevant security monitoring. Initially, NST takes the form of an ERC20 smart contract token issued on the Ethereum public blockchain, which will later be 1:1 swapped for native crypto tokens on the mainnet of the influencer chain after its launch.