Topic: 🚀[ANN] BITSCHOOL pre-ICO: Adaptive Artificial Intelligence eLearning Platform🚀 - page 12. (Read 4370 times)

Hi FunnyAttitude,

We will not represent the other blockchain projects that issue their own tokens to be used on their platform as your question concerns every such platform. The purpose of our token issuance is four-fold, let us try our best to explain:
1. We are using the ICO to raise our development fund.
2. By introducing our own token, we can create various token reward programs that will help develop, expand and improve our platform including but not limited to rewarding activities helping develop our AI Database or improving our platform, products and services on our platform. Also we can introduce various discount (like the 50%-off when purchasing our AI products) programs to not only promote our products, but also incentivize the usage of tokens on our platform.
3. By introducing our own token, we can set up the GoGreenFund which is endowing not cash-based scholarships, but our-token-based scholarships, and recipients who have financial difficulties can use them to buy products and services on our platform; hence contributing to equal learning chances.
4. We created an innovative Embedded Put Option through which we intend to incentivize the holding of our tokens and hence stabilize the value of our tokens. How this works? We will fix the value of our tokens when purchasing AI products at Max[token ICO end value, token current market value] So by this formula, the token value when purchasing AI products won't drop below the token ICO end value even if the token's market value drops below the ICO end value. This option combined with our 50% discount for token transactions of AI products will keep the token value when purchasing AI products always above twice as high as the token's market value. This is a bit complicated and for actual example, please visit our webpage's FAQ.

So as you can see these measures wouldn't have been possible without issuing our own token and that's why we chose blockchain and to leverage its token mechanism. Thanks for the great question^^

Best,
BitSchool

Can i also see it in a way that BSCH is affected by the price movement. What if the price of the eth double, aint your BSCH will become more expensive and your total hardcap will double? Or do you have any backup plans if such situation happens. Do take note that it has happened during the 2017 nov to dec period whereby eth increased by x3.

I am still confused about the purpose of having tokens in the ecosystem system. The system can just accept eth and btc, there is no need to introduce another new token.

Do enlightening me more. Thanks.

What my concern is more to how you all arrive to the price of BITSCHOOL token

Hi hotcoin1234,

I'm not sure what you're asking. If you are asking about our token price in terms of dollar, our BSCH is tied to ETH and the equation is 1ETH = 6000BSCH, so price fluctuates with the ETH movements. So today we checked and the ETH is about $850, that makes our BSCH about $0.14 worth. Hope this answered your question, if not, let me know anytime. Have a great day^^

Best,
BitSchool 

Hi
p_managave,

Please post your airdrop info on: https://bitcointalksearch.org/topic/--2956937

Best,
BitSchool

Hi raddish,

Phil (co-founder and CTO of BitSchool) is the creator behind the MVP and will lead our development following our BitSchool development kick-off. He's still fine-tuning the MVP that will be released first to UK students, and we'll get real user testing feedbacks, which we plan to share with you guys. Also we have contacted schools already and they all expressed their interest in licensing our Adaptive AI Assessment. So the prototype MVP is already a working product but will have significant improvements in terms of its capabilities and functionalities once we start the BitSchool Platform development. Also as you can see the MVP has currently one course area which is IT but the course coverage will be broadened so that the app can be used for the assessment for all study subjects from science to math to literature. Hope this helped^^

Best,
BitSchool

Hi raddish,

Stay tuned to our imminent announcement and don't miss the date! ^^ Your support is important!

Have a great day^^

BitSchool

Twitter username:@p_managave
Telegram username:@p_managave
Email Address used to register on website: [email protected]

If i am not wrong you have mention before the MVP is up for use, does the MVP provide the same functions like the real platform or only some of the functions? Maybe you would like to explain more on the MVP.

So till now has BITSCHOOL reach a price point for its tokens?

Hi raddish,

Aren't we all?? ^^; Have a great day^^

Best,
BitSchool

I will be anticipating this upcoming campaign......

Hi BlockFolksHQ,

If we share, where's the surprise?? ^^ But we will announce all details soon, so please bear with us ^^;  This referral is innovative in its nature and will basically reward those most who really passionately and enthusiastically provide their supports to introduce and promote BitSchool, its innovative features, and especially its impactful and positive influence on driving the next educational change that will allow and motivate every student and learner to achieve excellence in whatever learning path they choose. So stay tuned and you wouldn't be disappointed! And once it's up, give us all your support to make the perfect personalized learning environment we envisage at BitSchool come one step closer to reality and claim your prize for that! ^^

Cheers,
BitSchool

HI Bitschool,

Phil mentioned in telegram that

'I think once we start our referal this will explode
 gonna offer a top prize of say $250,000 for referrals'

Can you share more details on what this referral is about???

Hi ADEELARIF,

Thanks a lot! Please check out our socials:

BitSchool Website -  https://www.bitschool.io
ANN THREAD  - https://bitcointalksearch.org/topic/ann-bitschool-pre-ico-adaptive-artificial-intelligence-elearning-platform-2886666
Medium - https://medium.com/bitschool
Facebook - https://www.facebook.com/BitschoolAI/
Twitter - https://twitter.com/@BitschoolAI

Contact Email -  [email protected]

Best,
BitSchool

Hi sureshlohar,

Please post this info on: https://bitcointalksearch.org/topic/--2956937

Best,
BitSchool

Hi jpnl0004

Please post these info on: https://bitcointalksearch.org/topic/bounty-bitschool-over-600000-bounty-rewards-join-now-2899315

Best,
BitSchool

Twitter username:- @SureshKumarLo15
Telegram username :- @sureshlohar
Email Address:- [email protected]
ETH Address:- 0x12eDD84C09e15A2B4F13774886C0abBd189228dB

Very nice project

Please ensure you post this in our AIRDROP thread.

Thank you.