For pointed simplicial sets there are two equivalent definitions of the basepoint. Let $\Delta^0$ be the simplicial set with only one vertex in each degree. Let $X$ be a simplicial set. Then a basepoint in $X$ is either a simplicial map $\varphi:\Delta^0\to X$ or a distinguished point $\ast\in X_0$. I see that the map $\varphi$ specifies a point in $X_0$ (and any $X_i$ for $i>0$).
My question: How does, on the other hand, a point $\ast\in K_0$ determine a map $\varphi:\Delta^0\to X$? How are these two notions equivalent?