Conventional educational systems are typically slow adopters, made up of cumbersome institutions. Universities, or indeed all educational establishments, are often considered to be the birthplaces of new ideas. However, many institutions within the system are simply unlikely to adapt to new technologies, instead being mired in their old traditions which results in massive duplication of content and little to no sharing. When new technologies are integrated, their implementation often doesn’t serve the interests of the system’s participants.
Please Note: This is a Press Release
It could be said that we are dealing with a system that has already outlived its usefulness. We now stand on the verge of a new era of digitalization, as online services slowly but steadily become more and more a part of our daily lives. Education should be no exception.
Blockchain will provide a solution
Being a distributed ledger, blockchain is able not only to securely store siloed data, but to be the basis for the new crypto-based payment system. The disruptive potential and decentralized nature of the blockchain hasn’t gone unnoticed by some of the institutions within the system. For instance, University of Nicosia, Simon Fraser University (BC) and King’s College, to name a few, have already begun accepting cryptocurrency for tuition fees. There is also a newcomer to the blockchain field from Australia. Melbourne University, in collaboration with Learning Machines, has implemented blockchain technology to record student credentials, allowing participants to share verified copies of their qualifications with third parties in a tamper-proof system.
One of the biggest online educational collaborative platforms in the Spanish-speaking world, Tutellus, has also turned to blockchain technology. Tutellus uses blockchain to facilitate its new incentive system for students and teachers. It is noteworthy that the platform has been operating since 2013, but the obsolete traditional educational technologies are not able to meet the ever-increasing demand.
“We are creating an ecosystem that will provide an answer to all of the current challenges facing the education market. Our number one goal is to strengthen the commitment of both students and teachers using our token-based reward system that will pay students for learning (proof of learning) and remunerate teachers according to their impact in the success of their students (proof of teaching)”, co-founder of Tutellus Miguel Caballero adds.
The token movement will be based on the platform’s native cryptocurrencies – TUT token and SMART TUT (STUT) token. The former, TUT token, is designed for clients to be able to purchase services and video courses on the platform. The students’ relevance and rating will be measured in the latter STUT (Smart TUT) tokens.
Tutellus Token Sale
Tutellus has partnered with Cryptonomos to launch its initial coin offering (ICO) in mid-May, 2018. A pre-sale of TUT tokens begins on May 10. During this period, Tutellus provides users with a 20% bonus. The minimum purchase amount is 1 ETH.
A public token sale begins on June 12, 2018 and stays open until either July 12 or the hardcap of $40 million is reached. The minimal contribution for main sale participants is 0.05 ETH, and the rate is 1 TUT = 0.05 USD. The payments are accepted in ETH, BTC, XEM, LTC, BCH, ZCASH and DASH.
Tutellus provides early birds with a bonus of up to 10%. Special bonuses for large investors will be discussed individually with every purchaser.
DISCLAIMER: Tutellus public sale will not be open to citizens, residents or green card holders of the USA (including Puerto Rico, US Virgin Islands, and any other protectorate of the USA) or other representatives of the USA.
Tutellus plans to allocate the funds to product and engineering (40%), sales and marketing (20%), publicity and PR (20%), operations (10%), security, loyalty and reserves (10%).
To participate in Tutellus ICO, visit the website tutellus.cryptonomos.com and go through the Know Your Client (KYC) procedure to enter the whitelist.