Delhi, India, 21st November, 2022, Chainwire

Tuition Coin aims to enhance the appeal of the Cardano ecosystem through its Teach to Earn nature. The venture will streamline participation in educational technology, benefiting students and teachers alike. 

Tuition Coin is created by the Crystal Chain team and brings Teach to Earn to the Cardano blockchain. Teachers can tap into a new ecosystem free from being underpaid and overworked. Instead, they can explore cryptocurrency rewards by contributing to the global educational space. 

Any teacher globally can become part of the Tuition Coin initiative. All they need to do is register on the Coins for College platform and verify their identity through a Know-Your-Customer (KYC) process. 

Following the approval, they can begin creating educational content and earn cryptocurrency rewards by sharing knowledge. In addition, existing online content and lessons can be incorporated to build Tuition Coin’s open information sphere. 

All content provided through the Coins for College platform is accessible free of charge to students. That positions Tuition Coin as a leading initiative to promote equality to high-quality educational resources and materials. It is a much-needed solution to the educational gaps that remain in place today.

Furthermore, students who complete lessons and tasks will earn Scholarship Points, allowing their overall progress to be measured through a streamlined system. Although the SAT system exists already, its influence is waning, and a new global standard for education is in high demand. 

Tuition Coin has a maximum supply of 100 billion TUIT coins. Sixty percent is reserved for educators and can only be earned through contributions to the Coins for College platform. Teachers receive identical incentives for content regardless of whether it is newly created or imported existing material. However, all content must meet the 1EdTech standards to ensure it is suitable for remote learning. 

With TUIT, teachers can supplement their income and give more students global access to educational resources. In addition, all content on the platform can be shared freely as it will meet age-appropriate guidelines based on the student’s country’s educational requirements.

About Tuition Coin

Tuition Coin is the cryptocurrency that powers the Coins For College platform. Created by Crystal Chain, Tuition Coin forms a key part of the reward mechanism for teachers creating content and lesson plans. 

Students can access the content for free using the Coins For College platform and will be awarded Scholarship Points upon completing modules and assessments. These Scholarship Points will serve as a measurement tool to identify promising and deserving students who desire to pursue further education, but may lack the financial resources to do so. 

Visit the Tuition Coin website to learn more about how you as an educator can get involved in shaping the future of generations to come. Join the community on Facebook, Twitter and Instagram for the latest updates within the TUIT and Coins For College ecosystem
Website | Facebook | Twitter | Instagram

Contact

Aman Kumar
info@crystalchain.org

The IOG is edging closer to launching a blockchain-based educational program in Ethiopia. 

The Input Output Global (IOG), the team behind Cardano, said in a recent announcement on YouTube that it is set to launch the blockchain project being built for the Ethiopian Ministry of Education.

As reported, the blockchain-based system will enable the Ethiopian Education Ministry to monitor students’ performance in the country in a bid to improve the nation’s educational sector.

According to the IOG, the system is built on Cardano’s Atala PRISM.

With this initiative, the Ethiopian government will monitor the educational performance of schools in the country, foster interest in education, as well as monitor students’ grades.

IOG Says Launch Will Occur In the Next 2 Months

John O’Connor, the director of African Operations at the IOG, noted in the video that the popular blockchain firm has been working relentlessly with the Ethiopian government.

According to O’Connor, the IOG has been working on integrating the national attainment recording system with the country’s national data protection laws and national identity systems.

Since the initiative is close to a full-scale rollout, O’Connor noted that the IOG has been training students and teachers since last month on how to use the system.

O’Connor expressed confidence that the training will be completed this month in order for the system to be rolled out within the next two months.

He added that once the system is fully live, it will onboard between one and two million people in the first few months, which is within the scope of the agreement the IOG had with the Ethiopian government.

He said:

“We are pleased to say that we are moving to the implementation phase, we are working with local institutions and schools to onboard people onto the system. Teach and train teachers on how to use the platform. So as we finish Training this month, we hope we will be rolling out live to students across the next eight weeks.

By the end of the year, our goal is to have one to two million students boarded using the software. And by the next year, we will expand to the full five million students which were our main scope.”

Plans to Develop Educational Blockchain Systems in Ethiopia 

Recall that news of the IOG building a blockchain-based educational system for the Ethiopian government was first revealed to the general public in April 2021.

The announcement noted that the Cardano team will be onboarding 5 million students as well as 750,000 teachers in the country to use the service.

Confirming the development, Ethiopia’s Minister of Education, Getahun Mekuria, said:

“This initiative is about bringing technology to improve the quality of education. It’s very practical to think of blockchain technology [as a way] to improve the quality of education.”

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Nearly everyone would agree that the crypto industry has skyrocketed over the past decade or so, and one project in particular that has been gaining considerable traction is Cardano (ADA). Specifically, there is one aspect about Cardano that must be discussed, namely Cardax. In particular, we need to talk about Cardax Academy, an education platform that aims to give back to the Cardano community.

What is Cardax?

Cardax looks to establish itself as one of the strongest decentralized exchanges (DEXs) on Cardano and is a leading influence behind DeFi development in the Ethereum alternative. Cardax is considered as a top DeFi initiative on Cardano, with more traders eager to participate in the sector as time goes on.

To that end, Cardax claims to offer the solution to today’s ever-present concurrency issues, which is a common problem in this space. As a result, it has developed a new general-purpose algorithm that may be capable of fixing any concurrency-related problems with Cardano’s blockchain. Cardax’s major goal in this project is to thus help improve user experience and overall effectiveness. To that purpose, it created ‘Streaming Merge,’ a new algorithmic method that solves concurrency difficulties and improves scalability in a novel way.

What is Cardax Academy?

With the Cardax Academy’s Cardax aims to educate and give back to the Cardano community as aforementioned. The team intends to produce as much educational and informative content as possible regarding the Cardano ecosystem. This content is intended for both newcomers to crypto and those looking for more in-depth knowledge on topics such as what the Djed stablecoin is, what DeFi entails, understanding ISPO and the Hydra solution, and so much more.

Similarities to other initiatives

In a way, the educational initiative is very similar to that of the Project Catalyst Course which is powered by Cardax. According to Charles Hosinkson, Project Catalyst is the world’s biggest DAO. It is a set of experiments designed to generate the highest levels of communal creativity. It offers on-chain governance to the Cardano blockchain by allowing the community to set its own development goals. It also enables members to commit funding to initiatives which solve challenges and capitalize on opportunities that arise during the Cardano life cycle.

Furthermore, Project Catalyst includes ‘Voters,’ ‘Proposers,’ and a ‘Community Advisor,’ as well as finances, resources, tools, data, bounties, and more, all of which are intended to give back to the Cardano community. The Project Catalyst Course teaches how to submit a successful proposal.

The Cardano Podcast is yet another similar endeavor to that of the Cardax Academy. Essentially, all of these are free initiatives from Cardax that are designed to help Cardano’s community. By sharing a wide range of skills, knowledge and expertise, the team can thus help grow the Cardano ecosystem in a meaningful way.

Lastly, Cardax is also offering a lottery wherein people can win 10,000 CDX tokens upon joining and following a few simple steps. The winners shall be announced on May 6th, 2022, so remember to mark you calendars and also follow Cardax on Twitter and Telegram for more information and regular updates.