I am interested in investing in this ICO and currently i am reading on the white paper and i might have some questions here and there..... firstly may i know how do you all arrive to a reasonable fee that can cater for difference countries of student and at the same time obtaining high quality tutoring services to the students?
Hi hotcoin1234,
Thx for your interest and effort to go through our sheer whitepaper, it’ll be worth your time! ^^ So I’m not sure if I correctly understood your question. My guess is you’re not talking about our transaction fee, but the tutoring service fees. So I’ll base my answer on the latter. The service fee is actually one of our important differentiation factors. Our tutoring platform will have a two-way bidding system through which both the tutors and learners can open a bid. This bidding system will allow a price agreement that is not unilateral and does not involve uncertainty cause you don’t know what the other’s pricing position is, and will enable a price determination based on demand and supply in the tutoring market. We believe that this process will allow learners and tutors to reach a reasonable price level. It could be possible that competent tutors in low-income countries might gain a price advantage over equivalently competent tutors in high-income countries who receives higher fees because of the higher income level (of course this assumes the tutors in low-income countries are able to provide their services because they know the local language of the different country). However, our platform will provide these tutors living in high-income countries with a much bigger global market and this may compensate their lost income due to the competition with tutors from low-income countries who may have a price edge over them. Also our AI products will help tutors to deliver their services more effectively across borders (for example, a tutor who wants to enter a new market can use our Adaptive AI Assessment which will be provided in that country’s language and quickly understand the learner’s learning needs despite the tutor’s unfamiliarity with that country’s education system)
As to our quality assurance, when the tutor or learner enter or participate in the bid, they will be provided with various materials that would help them assess the tutor’s quality including but not limited to past service reviews and ratings on our platform, tutor resume (including expertise areas), and syllabus. Our customer service reps will conduct necessary background checks of the tutor’s submitted materials and we will also have token rewards for those who help us with our verification process.
Hope this addressed your question and, if not, please let us know.
Best,
BitSchool