STUDENT COIN: AN EDUCATION ON DEFI AND NFT

DECENTRALIZED FINANCE

Unless you just hiked back on Elon Musks' SpaceX shuttle from Mars, you would have heard of Decentralized Finance, with the ticker DeFi, the next itinerary in the evolution of digital banking that, according to Coinmarketcap already accounts for more than $60 billion in crypto assets, at Q1 2021.

This market had humble beginnings with MakerDAO (MKR) and 0x (ZRX) with a 5 billion market capitalization in 2018, then exploded with Compound COMP and AAVE, and then Uniswap, raking in a 60 billion market capitalization.

In contrast to centralized or traditional banking institutions, DeFi is an electronic financial ecosystem that runs on a smart contract and is fully automated. Utilizing blockchain for Decentralized Finance applications ensures that the technology is accessible to everyone with access to the internet. Also DeFi is a decentralized ecosystem that allows users to control their financial assets without government institutions or banks involved.

DeFi is based on blockchain technologies, 90% Ethereum, which was the first to create and popularize smart contracts – a protocol scheme that enabled contract signers to pay out digital currencies securely, confidentially, and without legal nitty-gritty details. A smart contract includes a set of liabilities and protocols that bring those liabilities to action. DeFi is 10% on other Blockchains like Binance Smart Chain, Polkadot and most recently on Cardano.

The tradability of DeFi is another beneficial characteristic. Through tokenization, DeFi applications can enable you to invest even if you don’t have hundreds of thousands of dollars in spare capital, as you can simply purchase tradable tokens that represent a portion of a larger high value investment.

DeFi represents a genuine democratization of finance, differing from the regular Blockchain offering. This is because DeFi applications, (also known Decentralized apps or simply dapps), are able to make new contributions to the global financial sector. They are incredibly versatile, enabling you to perform multiple functions, including borrowing, loaning capital to earn interest, exchanging assets, insurance, storing assets, trading and more.

NON-FUNGIBLE TOKENS

The optimal utilization for use by decentralized applications (dApps) to allow for the creation and ownership of unique digital items and collectibles via NFTs. NFT, short for non-fungible token is a token which represents a unique asset,rare, distinctive(not mutually interchangeable) and of course, secured on the Blockchain cryptographically. NFTs can be traded at exchanges that connect buyers with sellers. In these exchanges, every NFT is unique, and therefore gets its own price.

STUDENT COIN

A brain child of Wojciech, the Student Coin CEO & Founder, from the Kozminski University, a popular business school in Warsaw, Poland Student Coin is the first cryptocurrency directly related to the network of universities that helps in promoting the blockchain values and building the big international community, with the Vision to put tokenization via blockchain into the mainstream, under the guidance of the Student Coin platform. The target is primarily higher education students, however organizations, corporations, startups and decentralized finances (DeFi) are included in the fold . The wide-scale tokenization is a process that needs an easy-to-use and universal ecosystem that is constructed by the Student Coin community from including the Kozminski University,New York University, Harvard University, Stanford University, University of Oxford, London School of Economics and the Imperial College London, amongst others. With the STC Terminal, everyone will be able to easily craft any kind of token and develop it in the long run. This Terminal is part of the Student Coin Ecosystem which comprises of the Student Coin Swap

Student Coin Exchange

Student Coin Swap

Student Coin Terminal.

STC Terminal

This core DeFi section of the Student Coin platform will allow anyone create, manage and trade much of any kind of tokens like Project Startup Tokens, NFTs, Stake tokens for DeFi, Airdrop Tokens etc in as short as 5 minutes, without prior programming background. Just like setting up a social media profile. Such tokens will have crowdfunding opportunities and be traded at STC Exchange with the STC trading pair.The tokens will be on the Ethereum blockchain and will have hard-coded and ecosystem-based utilities.

The STC Terminal will also deliver a range of tools to develop the tokens with full-fledged security, social media, promotional and management panels. What makes Student Coin distinct like an NFT is the first platform that allows users to easily design, create, and manage personal, start-up, NFT, and DeFi tokens.

The NFT tokens can include

Student Loan Token

Mortgage Token

Stake ETH Token

STL Bond

WHAT DOES THE MEDIA SAY ABOUT STUDENT COIN

Student Coin has been on several media, extolling its groundbreaking features. These are but a few…

Crypto Adventure

"The Student Coin was created to introduce the world of cryptocurrency and blockchain to students. STC is a coin that aims to tokenize modern education systems and create a multi-university blockchain network that connects universities worldwide."

BitHub

"It is easy to notice that Student Coin project is extremely ambitious, and also revolutionary on many levels. It allows you to think realistically about its future and development. We are sure that nobody hasn't done such a thing yet and the potential that this currency contains is unlimited. "

Digital Journal

"Tokenization for the future. The word used by this project is academically-focused tokens. This is one of the critical long term goals of setting up STC. Every single university integrated into the system can have its tokens based on the central currency STC."

TheBitcoinNews

"The word used by this project is academically-focused tokens. This is one of the critical long term goals of setting up STC. Every single university integrated into the system can have its tokens based on the central currency STC."

Crypto Folds

"Student Coin is a new frontier in regards to blockchain technology in the education sector. The project looks to implement blockchain technology in the education sector to tokenize higher education and create a global inter-university blockchain network."

STUDENT COIN RESOURCES

Referral https://stc.finance/?ref=Exsq78iwdx

About the Author

Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur

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