Student Coin: A Post-COVID Solution to Raising Student Financial Loans!

By Casper Brown
Published March 22, 2021 Updated March 22, 2021

Student Coin: A Post-COVID Solution to Raising Student Financial Loans!

The global COVID-19 pandemic has affected the normal way of life as finances, workplace environment, education and other industries became digitized in a bid to reduce the spread of the virus. During this time, schools and universities have had to adopt digitally, switching to remote learning – some permanently offering remote learning.   

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As is with every other industry, blockchain is digitally transforming the education sector building solutions for this new world. One of the fastest-rising blockchain projects in the education sector, Student Coin, is a revolutionary decentralized application (DApp) aiming to solve challenges in the education space by giving students a platform to raise loans, build startups and offer tokens to pay for their studies. 

What is Student Coin?

Student Coin is the first ever cryptocurrency to directly offer utility to students in schools and universities. The platform aims to create a valuable and stable education system, integrating students around the globe and tokenizing the student loan system.

The network is run by students, faculties, and entrepreneurs from over 500 universities around the world including New York University, Harvard University, Stanford University, University of Oxford, London School of Economics, and the University of Warsaw.

Additionally, Student Coin also allows participants in the network to directly interact in a non-monetary tokenized way, store important data on the blockchain, and create their own student tokens. At the center of the network is the native STC token, the core utility token, which makes possible the creation of personalized tokens without strong technical knowledge.

The STC Launchpad ICO 2021

In February, Student Coin kicked off the Student Coin Launchpad ICO 2021, promising one of the largest ICOs we will see this year. Still active, the STC Launchpad ICO 2021 will run through April 30, 2021 12:00 UTC –providing major funding for the project. 

According to the website, investors will be able to purchase up to 60% of the STC Token total supply. Half of the total supply of STC tokens will be offered in the running Launchpad token sale, 24% will be reserved for strategic development of the platform; marketing department, partnerships, and the team/advisory board will receive 8% each; and collaborating universities and faculties will receive the remaining 2%. 

Once you join the Launchpad and purchase the STC tokens, your Student Coin account will immediately reflect your balance allowing you to track STC’s live prices and value. 

“Investors will be free to withdraw and trade tokens after the end of the Launchpad ICO period,” the website further reads.

The STC Launchpad ICO allows fiat payments, multiple rounds of financing, and provide referral rewards. The STC Launchpad allows the user to directly build and offer their own token on the platform. 

You can invest in STC Launchpad ICO 2021 using Metamask, Coinbase or bank transfers. 

Why select StudentCoin?

Curated and developed for the future generation, Student Coin offers users a unique platform allowing them to create personal, startup, commercial, NFT and DeFi tokens on the STC Launchpad 2021. Similar to Facebook, the platform is targeting universities to attract the best students and talent from over 500 universities. 

The platform allows anyone to create and manage their own token as easily as they do their social media profiles. Offering high security, transparency, and a scalable exchange, Student Coin allows corporations, startups and individuals to create a trustable token. 

Here are some of the advantages of investing and holding STC token in the long-term:

  • Student’s Coin engine: As the native utility token on Student Coin, by holding STC, the investor is holding part of every token ever created with the Student Coin.
  • Powers the Token Terminal: The STC token allows creation and management of tokens created in the terminal. 
  • Powers its own exchange: Every token created in the STC token terminal will be available for trading on its own STC exchange. 
  • Earn passive rewards: STC can be staked to earn dividends from the STC Exchange trading and crowdfunding fees.

To ensure long-term development and legitimacy, the Student Coin team is fully transparent while the project operates under European Union regulations.

How does the Student Coin “loan system” work?

Analysts across the world are touting tokenization and decentralization as the future of finance. Student Coin epitomizes this point by tokenizing and decentralizing student loans on its platform. Here’s how it works.

A future university student creates a “personal” token on STC Launchpad. Once launched, STC holders can use the token to purchase the student’s coin until the threshold for their tuition fees is reached. Once the student graduates from the university and finds a job, a part of their salary is locked on the platform and used to pay the loan.

STC holders who contributed are paid back the loan in cyclical payments over a period of time. 

Team Profile

Wojciech Podobas, Student Coin founder, previously worked on Blockchain Capital Group and is a cryptocurrency educator and author. Andrzej Kusmierz, Ph.D, is a professor at Stanford University and Kozminski University. He is also the co-founder and author of the “Warsaw Technology Accelerator” and WAW.ac program.  Andrzej leads the Student Coin Advisory board. 

Here is the full team members of Student Coin

Conclusion

Student Coin revolutionizes the education system and student loans system, especially as they transition to a post-COVID era. Head over to Student Coin Launchpad ICO 2021 and start crowdfunding your university tuition on a decentralized, trusted and user-friendly platform. 

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Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Casper Brown
381 Articles
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.