The Open Campus Protocol is a decentralized solution for educators, content creators, parents, students, and co-publishers designed to address today’s significant educational challenges. Despite educators’ important role in shaping future generations, they often need to be more valued and paid. In addition, parents often need more control over the educational content of their children.
The Open Campus Protocol is a community-driven effort to use blockchain technology to improve the educational system. The Open Campus Protocol gives educators additional chances to make money and get acknowledged for their actions while enabling students to access more varied educational information by decentralizing the development and distribution of educational content. The Open Campus Protocol aims to alter the $5 trillion education sector by giving educators and students back control.
The Open Campus Protocol allows them to produce, develop, and distribute valuable educational materials that not only cater to the various requirements of students but also support the ecosystem’s ongoing evolution and progress. Innovation, creativity, and information exchange are praised and fostered in this rich atmosphere, generating a more promising future for education.
The operating model of Open Campus mainly revolves around three factors:
The Content Creator will create the course and then encode the content in NFT over the Open Campus protocol. They will then sell these NFTs on the Open Campus Exchange Market. The buyers of the NFT are called Co-Publishers, who will have a marketing role for Content Creator’s courses. These courses will be uploaded to Education Platforms for release to learners, revenue from course sales will be shared with Content Creator, Co-Publisher, and Education Platform based on their contributions.
Since its establishment, Open Campus has had several outstanding achievements, including:
Current use cases:
Potential future use cases:
Tokens will be allocated according to the table below:
In addition, Binance also included an unpublished funding round from 2022 in its Open Campus research report. It is reported that a private sale has taken place since 2022 and raised 6 million USD ~ 6% of the total EDU supply. From here, it can be calculated that this private sale was conducted with a token price of 0.1 USD/EDU.
The token sale for Open Campus will follow the Launchpad subscription format, with user BNB balance recording starting from 2023-04-23 00:00 (UTC). Binance will record users’ BNB balances for five days from April 23, 2023, 00:00 (UTC) to 00:00 April 28, 2023 (UTC).
Preparation Period 23-04-2023 00:00 (UTC) to 28-04-2023 00:00 (UTC): During this period, users’ BNB balances will be calculated on an hourly snapshot for every day for a period of five days. Your last average daily BNB balance for these five days will determine the maximum amount of BNB you can commit later.
Registration Period 28-04-2023 06:00 (UTC) to 28-04-2023 09:00 (UTC): All eligible users may register at this time for a three-hour period. Before committing to their BNB, users must also sign the Token Purchase Agreement at the same time. Please be aware that after committing, your BNB will be frozen, preventing you from redeeming it or using any other features like transfers, withdrawals, or trading until the group’s final token distribution.
Calculation time 04-28-2023 09:00 (UTC) to 10:00 (UTC) 04-28-2023 (UTC): Subscription packing and token allocation calculation begins.
Final Token Distribution 04/28/2023 10:00 (UTC): Your locked BNB balance will be reduced by the amount of BNB that corresponds to your final token allocation when it has been determined. After the deduction, your EDU and BNB tokens will be sent to your spot wallet.
Above is our share about the Open Campus project and its EDU token. This is the second project related to the education sector to be released on Binance Launchpad. This protocol allows the integration of blockchain technology into educational solutions.
Since the releases on Binance Launchpad are usually quality projects that have been thoroughly appraised by the Binance exchange, and have the potential to bring high returns with low risk, you can rest assured when participating Public Sale of this project.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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