Open Campus (EDU) price jumps 31%, fueled by Principal Node Sale news.
Project seeks to transform education using blockchain technology.
Backed by major investors, Open Campus gains credibility and momentum.
Open Campus (EDU), a cryptocurrency focused on revolutionizing education, has seen its price surge by 31.57% in the past 24 hours. The current price stands at $0.952317, with a trading volume of $146,111,794. Its market capitalization is now at $278,155,929, with 292,083,333 EDU coins in circulation and a maximum supply of 1 billion. Over the past week, EDU has experienced a significant 79.46% increase.
This recent price surge is largely attributed to Open Campus’s announcement of its upcoming Principal Node Sale for the EDU Chain, a move expected to bolster the network’s decentralization and security. The project’s credibility is further enhanced by the backing of prominent investors like Animoca Brands, Sequoia Capital, and Binance.
Excited to announce the first decentralized education node sale.Introducing Principal Nodes!Validate transactions on EDU Chain, the blockchain for education, and earn rewards as a node operator. pic.twitter.com/hWYvHrKmhL
— Open Campus (@opencampus_xyz) May 22, 2024
Open Campus aims to transform the education sector by addressing key challenges such as accessibility and quality. It plans to utilize blockchain technology to empower learners with control over their academic records and ensure fairer recognition and compensation for educators. This ambitious project is built upon the EDU Chain, a Layer 3 blockchain designed to foster a decentralized education ecosystem through its innovative “Learn to Earn” model.
Principal Nodes are integral components of the EDU Chain, serving as verifier nodes responsible for reviewing and authenticating transactions before they are added to the blockchain. This process is essential for upholding the network’s integrity and security. Participants in the Principal Node Sale will have the unique opportunity to become key players in this ecosystem, contributing to the decentralization and trustworthiness of educational data storage and transaction verification.
Details regarding the sale, including a pre-sale and a subsequent public sale, are expected to be released in June. This announcement has generated considerable interest from individuals and organizations globally, who are eager to participate in the EDU Chain and potentially reap the associated rewards.
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