Student Coin - Tokenization of Assets via Blockchain
Blockchain and Education
Few years ago, the word “blockchain” are known only to few people in the world . These days, most people have heard of blockchains, even though what they know about it is "a technology that powers the most famous cryptocurrency – Bitcoin". Even though cryptocurrencies are the first prominent application of blockchain technology, it is far from its only usage. Because of its impervious security, transparency, decentralization features, blockchains can be applied in many fields including education sector. The recent and rapid evolution of blockchain technology had instigated the rise in changing the traditional education completely. Features like trust, value, privacy, and identity are all being questioned as we invent new idea of technologies. New ways to which blockchain technology could be applicable to higher education industry are emerging daily. Over the past years, prominent projects are receiving huge media attention, making the blockchain technology more sought after.
Benefits of Blockchains in Education
The most promising use case of blockchain in higher education is the transformation of record keeping, certificates and diplomas. However, there are many applications and benefits of blockchains for education. They are but not limited to;
Student Records – When it comes to keeping of student Records like academic transcripts, It can be very time-consuming and labour intensive tasks in academic institutions. Before a certified transcript of a student can be issued, there is need to manually verify it to avoid any mistakes that may occur due to human negligence. This is of course not an easy task as human error factor is bound to set in. Certification of course contents is another student Records that is frequently issued. Keeping of all these records can be very tedious and frustrating. However, the invention of blockchain technology had made things easy. Information (complete, verified record of content courses and all academic achievements) that were stored on a blockchain can be obtained with a few clicks without any stress.
Certificates and Diplomas – Student’s certificates and diplomas could be easily issued and stored on the blockchain. Employers might need to certify certain certificates and diplomas, with blockchain, they only need to contact the institutions to gain access to the certificate’s links to verify it. Since blockchain is impossible to be tampered with, all information about the student could be verified with a single click. This will obviously eradicate submission of fake results from an individual since it can be verified on the blockchain.
File Storage – Some files like digital curricular, records, degrees and other information needs a huge storage space. Saving them on local drives can be dangerous as it would be easy to be compromised since its decentralized. Aside that, it can also be damaged or corrupted which might leads to total loss of records. Another option is saving on cloud storage. It can be very expensive and hard to maintain. But with a cloud storage blockchain-based platform, solution to storing records is achievable.
Publishing – Students (graduate and undergraduate), researchers, and professors frequently produce quality materials, but to publish them is a very hard task. There are a lot of quality materials that had been rejected not that they are bad, but how difficult it could be to get published. However, publishing on blockchain could help researchers, new writers and others break the ice and venture into the industry. Blockchain can also help to mitigate plagiarism and protect against piracy.
Lessons and Courses – One important standout feature of blockchain is “smart contract”. With this, lessons and courses can be coded on the blockchain and executed automatically when some conditions are met.
Lower Costs – All the benefits above means that labour-intensive and tedious tasks with storing records and the likes would be automated. Since most tasks would be executed by computer, there would be huge reduction in costs for institutions, which could save students who may need to spend years paying off loans. Also, schools and universities could also reduce cost spent on storing files on cloud storage and totally avoid middlemen.
Rewards – People can get rewarded by doing crypto mining. Individuals that verify the integrity of education-related information stored on a blockchain receive rewards in form of a digital currencies like bitcoin and Ethereum. Schools can also accept this currencies to pay for goods and services in the school community.
Introduction to Student Coin (STC)
Both students and staffs of institutions have responded to waves of interest in crypto in many ways. Students are creating crypto groups just to get acquainted with crypto markets and to respond quickly to investment opportunities. Some college students even consider trading cryptocurrencies to be better method to acquire Student’s loan money than the traditional spending. Some students even go to the extent of investing their loans on cryptocurrencies due to it’s future potential value. Blockchain had really changed the look of things since its invention. Education is one sector it had obviously revolutionized tremendously.
Student Coin is a platform that allow individuals, corporations, organizations, startups and decentralized finance (DeFi) to gain access to true tokenization of assets. Talking about tokenization of assets, STC Ecosystem will allow everyone to create their tokens, develop and manage it with ease. Also, crowdfunding and listing of new projects on STC Ecosystem is achievable with stress. When it comes to startups for projects, STC platform is the place to achieve this seamlessly. Student Coin is related to the network of universities and are well recognized from around the globe due to its future potential and its impact on education. Additionally, Student Coin will not only give access to crypto enthusiast but also students who are willing to explore the benefits of blockchain technology and educates them on how to invest, trade and gain more experience as regards crypto assets.
Student Coin Ecosystem
The ecosystem is divided into two parts namely;
the Business panel, that seamlessly allows individuals, organizations, corporations, and startups to create and managed tokens via STC Terminal, STC exchange, and STC app
the Education section that educates people about tokenization, blockchain, contemporary technologies, and Decentralized Finance (DeF). STC aims to create a platform that will enlighten crypto lovers and especially students who are ignorance of blockchain technology, cryptocurrencies, tokens and tokenization, new tech, and DeFi. STC has a database necessary to educate people and partners leading universities and create Student Coin network throughout the whole world. The learning section on the website is currently in BETA stage and still in its developing stage. Users can learn more about blockchain, crypto assets and security in the cryptocurrency markets. This section on the website is updated on the weekly basis. With this, users are ensured of an access to rich blockchain technology contents.
Users can learn about 50 virtual currencies such as Ethereum, IOTA, Polkadot, EOS, or Uniswap. When a user finish reading each section, you will be required to answer some quiz to make yourself acquainted with the topic for free before you move to the next topic. To create learning materials for newbies and crypto users to be familiar with cryptocurrency and it’s development is an incredible feat that Student Coin had started achieving. With time, more topics will be added which will attract new investors and users to the platform.
Education Section link - https://www.studentcoin.org/education
STC Terminal
This sub section of the ecosystem will simply allow every person, startup, firm, organizations, corporation, or assets to be tokenized. Using STC Terminal, users will be able to create their own custome token with many utilities on the ecosystem. Infact, a newbie will be able to use this section without stress. Launching the STC Terminal will allow users to be able to create tokens under Personal Tokens, DeFi Tokens, NFT Tokens, Utility Tokens and Startup Tokens. All these customized tokens will be built on Ethereum blockchain. Additionally, all tokens built on Ethereum blockchain will be able to be incorporated into the STC Exchange and managed with STC Terminal. Good days ahead with these features. STC Terminal is intended to be launched in Q3 2021
STC Terminal link - https://terminal.studentcoin.org/
STC Exchange
After a token is created on the STC Terminal, it will undergo internal verification, thereafter, it will be listed on the STC Exchange or might have a free option to perform crowdfunding for startup. Gathering funds for new potential projects had been a challenge faced by business enthusiast in the past. However, new projects will have the opportunity to seamlessly perform crowdfunding on the STC Exchange. In addition, STC Token will be the only currency that will be used to perform this crowdfunding. This will obviously skyrocket the price and bring more value to STC token. Even though the crowdfunding process will be free, projects need to be authenticated and undergo Know-your-customer (KYC) process before releasing to the public. STC Intends to scrutinize crowdfunding projects to avoid imminent fraudulence.
Tokens can be listed for free without going through the crowdfunding process, this will make STC Exchange one of the biggest Exchange in the world based on the listed crypto assets. STC Exchange is also planned to be launched on Q3 2021.
STC Exchange link – https://exchange.studentcoin.org/
STC Wallet App
STC App/wallet enable users to store their STC tokens and other created custom tokens, vote and interact with Student Coin ecosystem. Here you can deposit, create and trade your tokens at a go. The App is currently approved and available on both Google Play Store and App Store. You can download the app via the following links;
Play Store link – https://play.google.com/store/apps/details?id=com.studentcoin
App Store link – https://apps.apple.com/pl/app/student-coin/id1559718559
STC Token
Student Coin created it’s own currency (STC Token) which is the native token of the platform. The token is built on both Ethereum and Waves blockchain with a total supply of 10 billion STC. The STC Token will power all activities and operations on the platform ranging from Tokenization, to the amenities of the blockchain technology. All tokens on the STC Exchange will be traded against STC only. Aside that, STC token will be the only currency to facilitate crowdfunding on the STC exchange. As I said earlier on, this would push the value of STC to the moon. Another usage of STC is “Staking” which will provides continuous income from the STC Exchange fees. Users will receive rewards acquired from STC trading and crowdfunding just by staking STC. Also, STC plans to give right to the investors to be able to vote in the project development and allow potential projects to be integrated in the STC Ecosystem. Before this can be achieved, STC must be held in the participant's wallet.
In summary, STC Token will be a template to build the personal tokens, organizational tokens, startup tokens, NFT Tokens, and DeFi tokens. Additionally, with STC, users will have premium access to STC Ecosystem (STC Terminal, STC Exchange, and STC Wallet App).
Student Coin Launchpad ICO
Since the launch of the ICO, Student Coin had raised closed to $47 million surpassing the initial hardcap ($21 million). The hardcap was achieved within 58 days earlier than expected. Thousands of investors had troop in to invest in this rare gem. Reaching the hardcap simply means that Student Coin will fully establish the STC Ecosystem and it’s promotion without hesitation. However, with 100 Rounds of funding which raised $21 million, the tokens reserved for the ICO (50% of the total supply) were not all sold. Therefore, the team plan to continue the funding process In the bonus round which will allow them to create more stupendous plans than the proposed one on the roadmap.
The rest of the token will be sold in the phase 100 to Phase 150 with higher price when compared to the previous phase ranging from $0.0172 to $0.0221 per STC. Unsold token will be burned at the end of the the ICO. If you want to partake in the token sale, check this link to acquire your future gem in simple steps. Withdrawal and Exchange listing will come after the end of ICO which is set to be 9th of May 2021.
STC Token Fork
Student Coin's updated smart contract had been audited by a well pronounced platform – Hacken with good ratings all over. You can now swap your STC v1 into the upgraded STC v2 using this link.
Note that STC tokens bought in the STC Launchpad ICO and holders on Waves Exchange do not need to swap their tokens manually. Read here for more information
STC Listing
STC token is currently traded on four Exchanges – Uniswap, Cointiger, Kanga, and Waves platform. STC also announced Coinsbit, P2PB2B, and Probit Listings which will come at the end of the ICO. Aside this, more tier 1 Exchanges are coming. Exciting times ahead!
Conclusion
Sometimes, I do imagine how blockchain technology could be comprehensible, especially to the newbies, because in reality, it could be very technical especially when it is not well understood. Many crypto projects had tried in the past to simplify these technicalities, however, all plans to rectify these challenges have proved futile. Creation and modification of custom tokens is an aspect of blockchain that needs some level of crypto understanding before it can be achieved. Student Coin – a crypto platform, was built to combat these challenges with ease. It Intends to make blockchain technology and it’s features more simplified more than ever imagined to crypto users, it doesn't matter if you are Blockchain savvy or a newbie. Anyone will be able to create and manage custom tokens on STC platform from anywhere around the world, not only that, and trade them on the STC Exchange. Also, crowdfunding is possible on the platform using the STC token which is the native currency of the platform. The STC wallet also securely allow individuals, corporations, and firms to store their funds without any fear. With the success of the ICO Launchpad, its obvious that the success of this project is more than guaranteed. You don’t want to miss the train. You’d better join it and don’t miss this great opportunity to change your life either as a student, corporate bodies or firms, STC is definitely accessible for you.
Need more enquiry? Check the links below;
Website - https://www.studentcoin.org/
Launchpad - https://stc.claims/?ref=Sx8zogzlr6
Facebook - https://www.facebook.com/studentcoin.org
Linkedin - https://www.dhirubhai.net/company/student-coin-worldwide/
Telegram - https://t.me/studentcoin
Twitter - https://twitter.com/studentcoinorg
Instagram - https://www.instagram.com/student.coin.world/
Whitepaper - https://drive.google.com/file/d/1UKSIOBBUROckuemkQhPM21F3aKdto9JN/view
Btt username - Jerryco
POA - https://bitcointalk.org/index.php?topic=5313192.msg56221659#msg56221659
High Performance Coach ?? Author 30 Days To Happiness?? Founder The Happiness Formula??Plan The Best Year Of Your Life on the Sunshine Coast ?? DM me’WORKSHOP’ for details.
3 年Education?is the passport to our future. Love this article! Emmanuel Owoeye
??Brand Comms Consultant, Content Marketing Advisor, Strategic Copywriter & AI Ethicist Policy Writer. ??I ensure businesses & professionals build strong reputations & dominate their markets?? Let's do great things!
3 年Learned something new today! Thanks for sharing this informative read, Emmanuel Owoeye!
Administrative Officer | Full Stack Web Developer | Data Analyst with 3+ years of experience
3 年It's good education sector is experiencing this great advancement in technology. Nice write up here!
Telecoms | Core Network Specialist | Blockchain Development | Self-Sovereign Identity | DevOps
3 年great article and thanks for sharing about Student Coin ?? love it!
Teacher at School
3 年This is the real deal that will enhance the mass adoption of ctyptocurrency