Today, the way in which we study is changing drastically. The traditional university education system has been around for several hundred years, but today’s society is evolving at a breakneck pace. Blockchain technology is playing an increasingly important role in our lives.
If you already know about the blockchain then you’d agree that it is still an underutilized technology. Blockchain’s potential reaches much further than what we see today. It has applications across diverse industries such as real estate, finance, healthcare and most importantly, education.
What is Study and Earn Model in Blockchain? 🧐
The concept of a study-and-earn program is pretty self-explanatory: You do some studying and get rewarded with crypto assets.
When you are looking at the study and earn model and it’s benefits, drawing from blockchain as an example is a no brainer. The focus of a student in this model is much different than we have become accustomed to in the traditional learning and credentialing system.
Study and Earn System in EduMedu 🧐
Have you ever wanted to learn a new skill, but thought it was too expensive? Or did you wish there were more affordable courses as an alternative of university or college diplomas? It is possible with EduMedu.
Study and Earn is the working mechanism of Web3-based education platforms, namely C-Learnings. In this system, students are able to access lessons for FREE . They will be investing in the coins of academies instead of paying tuition fees.
In addition, they will receive bonus rewards for passing their quizzes.
This award is directly proportional to:
- Success rate of the student
- Number of attempts to pass the tests
In other words, if students pass the tests quicker and the results are more accurate overall, they will have higher rewards. If students pass the quizzes after multiple attempts and they answer fewer questions correctly, they will have lesser rewards.
In addition, a leaderboard will be created to honor outstanding students and these students will receive quarterly dividends from the total profits of the EduMedu ecosystem.
EduMedu was created with a vision of a new world in which all individuals have opportunity to receive higher education. This way, there will be another way for the ecosystem to reward successful students.
Our goal is to ensure that education remains accessible to all. This is our vision of the future in which all of us have a chance to fulfill our potential. In the future, EduMedu will be a platform where professors and students will be able to benefit from a decentralized ecosystem! 🚀
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