Original source: Open Campus
Open Campus is a decentralized Web3 educational content platform that is committed to creating a more equitable education system through blockchain technology and providing educators with new opportunities to earn income. It is an ecosystem that connects learners, educators, content creators, and educational institutions, using blockchain technology to enable new ways of collaboration and value creation. In addition to its role as a platform, it is also a community that helps promote meaningful interactions and exchanges for the betterment of stakeholders in the industry.
$EDU is the governance and utility token used by Open Campus, the world’s first Web3 education protocol, backed by BN Labs, Sequoia China, Animoca Brands, and others. Animoca Brands supports the work of Open Campus and the EDU Foundation, especially the upcoming EDU Chain, the first L3 chain designed specifically to serve the global education industry.
Project token: EDU
1. Initial circulation: The total amount of EDU is 1 billion, the initial circulation is about 145 million, accounting for 14.5%, and the initial circulation market value is 7.25 million US dollars;
2. Initial sales price: 0.05 USD/EDU
3. Unlock and release status:
4. EDU Token Allocation Details:
Institutional holders (strategic sales, team, advisors, and operating expenses) will receive 42.5% of the total token distribution. Other participants (ecosystem, early contributors, liquidity, treasury, and Binance Launchpad) will receive 57.5% of the total token supply.
EDU is unlocked every day, but the inflation rate is not high. Only 0.5% is unlocked every 7 days, with a value of 8.33 million. Be wary of the unlocking around August 16, when the team and private equity tokens will also be unlocked. The private equity and team tokens are locked for 1 year. However, after this round of unlocking, EDU can be said to be on the fast track of development, with the support of the public chain and the sudden increase in the number of nodes.
This round of rise is also a manifestation of the gradual realization of favorable conditions. On April 15, 2024, an announcement was issued that it would launch its own public chain. The release of the public chain is a big positive. In addition, the previous wash was relatively thorough, and the bottom was built many times. Finally, the Web3 education track is a long-term track. Many newbies who want to join this circle have to learn. Under the general trend of blockchain being gradually popularized, the value of the Web3 education track will also be slowly excavated.
The private round sale price of Open Campus EDU is twice the IEO price, and the IEO valuation is equivalent to half of the private round valuation. In terms of valuation, we can compare the project with the similar Hook Protocol. The goal of Hook Protocol is to build a customer traffic entrance for Web3, provide users and enterprises with a customized Learn&Earn product experience and infrastructure, and enable users to smoothly transition from Web2 to the Web3 world, and Open Campus is exactly what Hook serves.
6. It has the following application scenarios:
Governance: EDU token holders have the right to submit and vote on the protocol’s DAO proposals to guide the use of tokens allocated to the ecosystem.
Payment: EDU can be used as a payment method for products and services provided by companies adopting the protocol. For example, ecosystem partners such as TinyTap can accept EDU payments and allocate a percentage of the revenue to the protocol.
On-chain revenue sharing: Contributors to the protocol, including content creators, publishers, and platforms, share the revenue generated by the protocol by holding EDU tokens.
User acquisition: EDU can be used to incentivize and guide Web2 users to join Web3. Users can get discounts when accessing products provided by partners in the protocol ecosystem.
Content ownership: Users have the opportunity to co-own the publishing rights of content with publishers by purchasing NFTs using EDU. This mechanism provides users with more participation and incentives.
OC-X is a $10 million community-driven initiative approved by the Open Campus DAO and funded by our Ecosystem Fund. This 6-week accelerator program is designed to provide tailored support and growth opportunities for education-focused startups. OC-X incentivizes educational institutions to build and integrate Open Campus, thereby establishing a network of foundational participants.
Once institutions join, they bring learners to the OC platform, enriching the ecosystem with a diverse user base. This growth creates a mutually beneficial cycle: as the platform expands, it becomes more attractive as a distribution channel, attracting more companies and institutions to join. In turn, this diversification strengthens the value proposition for learners, who can learn from each other and discover a vast array of educational products and services from different providers.
Through this self-reinforcing cycle, we have the ability to drive the continued adoption and development of the Open Campus Protocol. The Open Campus Protocol provides the infrastructure for schools, technology education platforms, and other educators to globalize their educational content and reach more students.
Existing Web2 products TinyTap: TinyTap is a subsidiary of Animoca Brands, founded in 2012, and is one of the world's largest educational game libraries. In collaboration with well-known brands and publishers such as Sesame Street and Oxford University Press, TinyTap is committed to providing high-quality educational content to more than 9 million families around the world. Its mobile application is one of the top 10 highest-grossing children's applications in the world, with more than 250,000 games and more than 100,000 platform creators.
The project raised $6 million in a private round in 2022, accounting for 6% of the total supply of EDU tokens, and the project is valued at $100 million. The specific financing party has not been announced, but Mao Ge estimates that it is likely that Binance Labs is the lead investor. The previous Hook Protocol also raised $6 million, and was a project led by Binance Labs and Sequoia.
When Sand came out, people didn’t understand the Metaverse, when AXS came out, people didn’t understand GameFi, and when Matic came out, people didn’t understand Layer2. These were all IEO projects in the last cycle of the new track of Coin Security, and they were all projects that had earned 1,000 times the return. As a brand-new education track, Open Campus has a promising future and is likely to be the next dark horse of Binance IEO. It is expected that the education node will be opened in June. Let us look forward to it together!
This article is contributed by a contributor and does not necessarily represent the views of BlockBeats.
