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It was about time for cryptocurrencies to be acknowledged as they deserve. Little by little, blockchain opened the doors for public institutions after it stunned vendors and inventors.
It is no surprise why people are so hyped by the concept of crypto payments since they offer users data and financial security. These marked the solution to all the problems that occurred with banking services.
Because of the innovations regarding fees, loans, and digital votes, tokenization is the hype’s primary focus.
And to make the most out of it, a dedicated team has created one of the most exciting utility tokens – the STC token, which has been available on their ICO since February 1.
What exactly is an STC token?
STC is the central utility token of the Student Coin blockchain initiative – making it possible to build custom tokens without a high level of technical expertise.
You may build one of the following types of tokens just by joining the platform:
- DeFi tokens;
- Non-fungible tokens;
- Personal tokens;
- Startup tokens;
- Corporate tokens.
Whether you want to exchange, trade, or crowdfund, it’s vital that you have a wide variety of options to choose from. All of these tokens will be linked to the STC Token’s value.
What is so interesting about the STC token?
The focus of the STC token on students is what it makes superior to others.
Students are the next generation of workers, which will define the success of future companies. So there is a real need to make academic programs more affordable.
It’s not so simple, though. Reducing university fees will also reduce the budget to provide students with qualitative written resources, teachers, projects, global collaborations, etc.
Until now, bank loans were the only solution. But people lost confidence in banking services due to our unpredictable economy.
Instead, the Student Coin team came up with a decentralized approach for student loans – crowdfunding with individual tokens.
How does crowdfunding work?
The future student creates his own STC-based token. After that, this token will be available on the market. The STC holders will buy tokens until the student covers its tuition costs.
After graduating, a part of his monthly salary will be locked to pay the loan. Cyclical profit payments will also be made to STC holders for their participation.
The project is backed up by 500 world’s top universities, including Harvard and Manchester University.
Where can you buy STC tokens?
If you want to be part of the community, make sure you don’t skip theStudent Coin launchpad ICO, open until April 30.
Although it began 30 days ago, STC token sales already hit $2.6 million, reaching phase 42 out of the total 100.
Each stage has a hard cap of $100,000, and with each reload, the price rises by 5%.
Joining the ICO provides you with early access to the tokens and gives you additional assets.
You will receive 20% of all your friends’ ETH investment, along with 30% of their profits. And all you have to do is to give them a special referral connection to the ICO.
Furthermore, your friends will get an extra 5% of STC investments.
Who developed Student Coin?
Student Coin is driven by an enthusiastic team of 44 members from 12 countries, ready to increase the functionality of cryptocurrencies and build solutions for the people’s needs. Some of these members are the former CTO of IBM Europe and the Harvard University Club leader.
By the end of 2021, the team plans to list the token on major crypto exchanges alongside developing an STC Exchange, STC Terminal, and even an STC framework.
If you are intrigued by their ideas, join the ICO and follow them on social media to be the first one who finds about their new features.