There was already a BitJob project. The results are not at all impressive, the token on the exchange is worth a penny. Students are not interested in investors.
Hi, AliCris. Thanks for mentioning this ICO - their platform looks very promising thou! You are right that students are not interested in investors and I agree with you. On the other side students need verified credentials when trying to find new job as well as more access to courses and content of any kind to develop their skills.
What I've seen so far from a few minutes reading the BitJob website - it seems to be a platform easing the process of finding a job for students and helping them make a living. Project like this one will enrich a product like ours and we would be happy to collaborate with them in the following ways - connecting students or as we call them "Learners" with businesses and match their requirements and also providing them with easy access to a much bigger market place for online courses.
OS University platform is creating a decentralized system through where every learner has its own ''credentials wallet''. It is a first step to move the system forward and make it less dependent of middle-men, more open, democratic if you like. And definitively more useful to the global learner, who needs flexible, transferable, scalable learning and development approach - one that bridges higher and continuous education.
EDU Tokens are the motor of the platform and are used to pay courses and connect with people. Since the token is ERC20 compliant, this token will be tradable - as the BitJob token is. As for the volatility of the token when listed on exchanges, our Project Lead Hristian Daskalov have already explained it very well "We would be using a proven public finance/governance mechanism, called a ''currency board'' in which you peg the value of a certain asset to a low-volatility instrument. You can peg a currency to another, but we are not going to do this. We are going to peg the cost of the offerings and services we provide through the decentralized OS UNIVERSITY platform. E.g. an open learning course on blockchain development costs 150 USD. If so, you set it up at 150 when you sell it through OS UNIVERSITY - the buyer buys for the amount of tokens that at any point in time correlates with 150 USD. Therefore, neither the buyer, nor the seller, can speculate/trick each other when exchanging value from one another. Of course, HODL-ing is also an option, but in that case - you can HODL and use other cryptocurrency to do the transaction (we will accept ETH payment transactions on the platform as well)."
The more transactions are done, the more the EDU token price rises. Transactions in our platform come from Business, Academia and Learners. And also we already have proven our global mission to be on the right way as there are a few other Key players who are developing the same project but locally - what we do is a global project. Please have a look at The University of University of Nicosia Blockchain Initiative –
https://digitalcurrency.unic.ac.cy/ and also Massachusetts Institute of Technology Blockchain education -
http://blockchain.mit.edu/I hope this answers your question. We have consulted our approach with one of the leading names in the world of new private money - prof. Kevin Dowd from Cato Institute. Visit our website to learn more about our team -
https://os.university/team/Best,
Teddy