Hallyu Bank to List Kingdom Coin Domestically and Internationally

[Asia Economy Reporter Hyunseok Yoo] Hallyu Bank announced on the 29th that its global fandom networking platform, FANTOO, plans to launch a blockchain-integrated reward system that compensates fandom activities with virtual assets based on contribution levels, as well as additional listings of Kingdom Coin (KDC).

In the case of the FANTOO reward system, the synergy created by the combination of FANTOO and blockchain is rapidly increasing the number of sign-ups and downloads, boosting the platform's value.

FANTOO users can earn KDG (a stable-type common currency within FANTOO) by participating in the community, such as uploading content or clicking likes. KDG can be exchanged for the governance token KDC.

KDG can be swapped to KDC using FANTOO Bank, and the KDC can be traded directly on exchanges. KDC is already listed and traded on exchanges such as El Bank and XT Exchange, enabling users to realize profits through fandom activities.

In particular, active discussions are underway with leading domestic and international exchanges for additional listings of the governance token KDC, with further listings scheduled within the year.

Besides the FANTOO app, KDG will also be usable on various platforms such as Hallyu Bank’s simple payment platform, FANTOO PAY, and the NFT brokerage platform, FANTOO NFT. Since it is based on the Hallyu fandom, the plan is to enable usage globally without borders, not only domestically but also by overseas global users worldwide.

The issuance volume of KDG is backed by depositing 50% of FANTOO platform advertising revenue, and KDG is issued in an amount equivalent to the remaining 50%, which is fairly distributed to users. A Hallyu Bank official explained, “Unlike existing content platforms like YouTube that reward creators, FANTOO also rewards community participants, making it the first case where not only creators but also consumers are compensated as contributors to the community.”

He added, “The NASDAQ listing in the U.S. will serve as an opportunity to promote the global Hallyu platform FANTOO in the U.S. market and to become a worldwide Hallyu platform. We will proceed quickly with the listing process to meet users’ expectations by continuously upgrading various content and services as well as maintaining ongoing investments.”

This content was produced with the assistance of AI translation services.