Open Campus (EDU) is a modern educational platform built on blockchain technology and utilizing NFTs to encode and distribute educational content. The project not only offers a decentralized education solution but also creates opportunities for both content creators and learners worldwide.
To gain a better understanding of the Open Campus project and information related to the EDU token, please follow the content of the article below from AZCoin!
What is Open Campus (EDU)?
Open Campus is a community-based educational platform providing decentralized solutions aimed at enhancing the education sector. This platform facilitates the connection between educational content creators and learners through various communication and content creation activities.
The project aims to build a fairer and more decentralized education system by enabling learners to easily access educational content and creating opportunities for educational institutions or educators to earn additional income from their educational products.
Project team, investors & partners
Project team
Currently, Open Campus has not publicly disclosed the identities of its development team on its website, so AZCoin can only provide information from social media channels. Some members of the Open Campus team include:
- Founder: Not yet disclosed.
- Core Team: Radio Tom, German Palma, and other members.
Investors & partners
The project successfully raised $6 million from a private token sale in 2022. During this round, Open Campus sold 6% of the total token supply with an FDV valuation of around $100 million.
Currently, Open Campus has built a wide network of partners with 60 private schools globally, serving over 130,000 students in North Africa and the Middle East. Additionally, the project collaborates with various partners in the crypto market, including Sandbox, Hooked Protocol, Highstreet, Mocaverse, Animoca Brands, and Gems.
Open Campus operation model
The operational model of Open Campus focuses on three main components:
- Content Creator: Content creators develop courses and encode them as NFTs using Open Campus protocol. These NFTs are then listed on the platform’s marketplace.
- Co-Publisher: Buyers of NFTs from content creators are known as co-publishers. Their role is to market and promote the content creator’s courses.
- Educational Platform: Courses are uploaded to the educational platform for distribution to learners. Revenue from course sales is shared among the content creator, co-publisher, and the educational platform based on each party’s contribution.
Main products of Open Campus
TinyTap is the first project on the Open Campus platform, featuring the world’s largest library of educational games. The app collaborates with well-known brands such as Sesame Street and Oxford University Press, providing quality content to over 9 million families globally.
TinyTap
Some notable features of TinyTap include:
- Mobile App: TinyTap is among the top 10 global educational apps, with over 250,000 games for children.
- No-Code Game Creation Tool: This tool allows users to create educational content without coding.
- Measurable Activities: Developed games can be used to measure students’ learning effectiveness.
- NFTs: Teachers can convert their educational content into NFTs for sale.
- NFT Management Dashboard: This tool helps track and manage revenue from NFT courses.
Other features of Open Campus
- Marketplace: A place to trade NFTs from educational content creators.
- Smart Donation: A feature that allows the issuance of EDU grants and scholarships based on measurable online events.
- Peer-Review System: A peer review system to ensure the quality of content from creators.
- Scholarship: Open Campus’s scholarship system supports funding educational content for learners.
- Grant: This system provides funding for educational content creators.
Basic information about EDU token
EDU token Technical Specifications
- Token Name: Open Campus
- Symbol: EDU
- Blockchain: BNB Chain
- Token Contract: Updating…
- Token Type: Utility
- Total Supply: 1,000,000,000 EDU
- Initial Circulating Supply: 145,000,000 EDU
EDU token allocation
- Ecosystem Fund: 25%
- Advisors: 15%
- Strategic Sale: 13%
- Team: 10%
- Treasury: 10%
- Liquidity: 10%
- Early Contributors: 7.5%
- Binance Launchpad Sale: 5%
- Operational Expenses: 4%
What is EDU token used for?
The EDU token is used in the following cases:
- Providing rewards for content creators and publishers.
- Paying access fees for Open Campus’s partner educational platforms.
- Executing governance rights within the Open Campus community.
- Purchasing co-publishing rights through Publisher NFTs with EDU.
- Encouraging Web2 users to transition to Web3.
- A portion of the revenue from TinyTap is distributed to the Open Campus Protocol, creating value for EDU.
Where to buy and sell EDU tokens?
EDU tokens can be traded on the best crypto exchanges such as Binance, Coinbase, and KuCoin. Users need to create an account on these exchanges, deposit funds, and then buy or sell EDU tokens as needed.
Where to store EDU tokens?
Like BLUR token and MX tOKEN, EDU tokens can be stored in wallets that support the BNB Chain, such as MetaMask and Trust Wallet. For security, use official and frequently updated wallets, and back up your private keys.
Does the Open Campus project have potential?
The Open Campus project has significant potential due to its integration of blockchain and NFT technology into the education sector, expanding access and creating incentives for content creators.
With partnerships with many schools and crypto market partners, and the use of decentralized solutions, Open Campus has the potential to transform traditional education methods and open new opportunities for global learning. However, this potential depends on the project’s implementation and expansion capabilities as well as the acceptance of the education community and users.
Conclusion
In summary, Open Campus EDU is a promising project with significant potential to innovate the education sector. If you are interested in investing or participating in this project, keep an eye on updates from AZCoin to make an informed decision!
I am Louis Dang, living in Ottawa, Canada. I am currently working as a trader for AZCoin company, with 7 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
