JEDSTAR is proud to announce the launch of its second token, KRED. JEDSTAR aims to revolutionize DeFi (decentralized finance), GameFI (game finance), and NFTs (nonfungible tokens) by providing true utility and potential income opportunities, paving the way for crypto mass-adoption.

Since Bitcoin launched in 2009, believers in a decentralized monetary system believed that crypto would eventually replace or at least co-exist with today’s existing currencies. Eleven years later, only 4% of the global population own crypto and its use case as a method of payment is even less prevalent.

In contrast with the rise of mobile gaming, up to 40% of the world’s population could be considered at least casual gamers and we have seen the gaming industry generate over $170 billion revenue in 2020 (double the revenue of the music and film industries combined).

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JEDSTAR’s arrival

There’s where the JEDSTAR team comes in, a team revolutionizing DeFi and GameFi in fervent pursuit of mass crypto adoption and launching their second token, KRED, in November.

JEDSTAR believes that attempting to get crypto adopted as a currency through the traditional financial path would hit too many hurdles (whether psychological or regulatory) and that gaming, a global phenomenon similar to blockchain in that both are relatively new spaces only just starting to explode, offers huge potential for the future adoption of crypto through games, as the sector is utilized by a demographic group that is technologically inclined, which lessens the learning curve.

That is why JEDSTAR strongly believes that blockchain gaming, GameFi and KRED will be the tipping point for the mass adoption of crypto.

KRED features:

  1. Currency as a Service: a platform and (will be blockchain) agnostic currency, meaning that not only will KRED be the currency of JEDSTAR’s upcoming games, it will also enable game studios and developers to leverage their blockchain technology to provide their gamers with true ownership of their in-game funds as well as in-game rewards.
  2. Marketplace as a service: their  Marketplace AGORA, powered by KRED, will enable gamers to truly own their in-game purchases and assets, radically transforming the way the ownership of assets is viewed and potentially increasing the value of these assets, as they would have true value out of the game.
  3. JEDSTAR gives back to the community: In contrast to gaming studios, we give back to the backbone of the gaming community: the gamers and content creators/artists. All in-game assets are owned by the gamers (they could port it out of the game or even out of our platform) and content creators and artists are given royalties on each asset created every time they are sold.
  4. JEDSTAR DECO: KRED is part of a three token decentralized ecosystem (DECO) that will educate and enable gamers and artists to have a better grasp of and access to financial services without any centralized intermediaries or high buy-in, and enable them to not only earn income through GameFi and Defi but also take control of the narrative of our games and lore through our governance token.

The brains behind:

On their vision, Josh Gier, JEDSTAR’s CEO highlights that:

”We believe that similar to what blockchain is trying to achieve with the financial system, it is time that we empower the people that are the backbone of the industry, in this case, the gamers and artists.

And it is only through decentralization that we will be able to take back what gaming studios felt entitled to and provide true ownership and income opportunities to those who have been fuelling the gaming industry.

And we believe that, unlike the financial industry, radical change and mass adoption are possible through gaming, and we strive every day to develop products and services as well as to educate our communities to make this vision a reality.”

JEDSTAR is a three token decentralised ecosystem (DECO), which launched its first token JED in August 2021 and saw a price increase of 80,000% since. It will be launching its second token KRED and their NFT Marketplace Agora in 2021, as well two blockchain games, one CCG and one MMORPG and their metaverse in 2022.

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Media contact

Company: JEDSTAR Limited

Contact Name: Josh G

Address: Singapore

E-mail: admin@jedstar.app 

Website: https://jedstar.app/