Many startups have started using cryptocurrency as their product or the engine that powers their businesses. Being said, only a few of them make useful and efficient ideas into a reality. Yet another reputable cryptocurrency is trying to revolutionise the game by making a coin accessible for students. For use in universities and possibly rolling out into all types of schools from high school.
What is Student Coin and What Does It Do?
Student Coin (STC) is pioneering a cryptocoin designed for students. It allows users to easily design, create, and manage personal, startup, NFT, and DeFi tokens. This opens up possibilities for universities to usefully integrate crypto into their systems.
One of its features is the ability to easily create, manage, and develop their own tokens — wide scale tokenisation. STC lets students and organisations to create their own custom tokens. This can then be used for crowdfunding, trading, governing, voting, or payments.
This also opens up possibilities for different adaptations and implementations in universities. One example of this is the decentralisation of student loans through STC. It also aims to be the middleman for paying tuition fees and in general becoming as the currency used in its respective university.
STC Launchpool
Student Coin’s founders are currently running a launchpool which allows people to get their hands on STC before it publicly launches. The launchpool has been running since last year, 2020. Further announcements may state different dates.
Each launchpool aims to distribute 100,000 dollars worth of STC. During the launchpool, interested investors can buy using ATM cards, Ethereum/BTC, and bank transfers. There are currently no additional fees when buying STC from the launchpool. Although bank fees or FIAT conversation fees may occur.
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How to Invest In It?
Currently, you can only invest on Student Coin through the launchpool on their website.
- Go to Student Coin’s official website
- Create an account and verify your email
- Buy STC tokens with 3 available payment options
Coinbase – use your COINBASE account to pay for the token (minimum 1,000 STC)
Direct ETH deposit through Metamask – deposit ETH to the wallet that will be shown to you. Once accepted, it will automatically be credited to your account as STC (no minimum)
Card, Bank Transfer or BLIK – pay with your bank card or perform a bank transfer. Alternatively, you can use the Bank Millenium Mobile App’s BLIK, currently only available for use in Poland (minimum 2000 STC)
How To Earn Money with Student Coin?
There are two ways to earn money with STC.
STC Staking
You can stake your STC to earn dividends from the STC Exchange trading and crowdfunding fees. Staking is the act of locking in your current holdings to earn dividends from it.
Affiliate Program
This one’s pretty rare when it comes to cryptocurrencies. Affiliate programs are mostly only offered by crypto exchanges like Coinbase and Binance. The referral award is also huge.
You can choose where you would want to receive your award between Ethereum and Student Coin. You will get 20% of your referrals’ deposit if you go for ETH, and 30% for STC.
Additionally, you can earn more if you’re a marketing agency, professional athlete, or crypto influencer. You will have to apply for this.
What is its potential?
Student Coin partners with over 500 of the world’s best universities. That establishes a strong start for STC. It has also gained media recognition from Yahoo and Bithub, and other platforms as well.
STC has prelistings over some of the crypto exchanges like CoinTiger and Uniswap.
Aside from all these recognitions, the sole purpose of Student Coin will also be a driving force for its success. It’s quite an ambitious attempt at making a central token for students and to making a crypto for universities to white-label if they will want to.
The Goal of Student Coin
Student Coin aims to change the future of the digital economy.
It is the first platform that lets user to create their own DeFi tokens. It also promises to make this process easy for its users.
STC exchange will also be launched on the 3rd quarter of 2021. Since there will be multiple tokens under the STC Coin, only on STC Exchange will you be able to trade them.
Get a glimpse of STC Exchange here
It will surely be saturated with different organisation and student tokens which will make the STC platform even more interesting. STC Coin will be the central coin that powers all these tokens.
The Team Behind Student Coin
There are 44 people from 12 countries that work together to run the Student Coin platform. Its CEO, Wojciech, from Poland is the coin’s founder. He is the author of the book “Cryptocurrency Encyclopedia: the comprehensive guide through the 100 most important currencies.”
Andrew PhD, a graduate of Standford University. He is the co-founder and author of the “Warsaw Technology Accelerator.”
Check the other members here
Feedback
Student Coin makes it easier for universities to implement a central currency for various departments of their respective areas. It will therefore allow students to create and take part into something that they actually have control to.
This provides a safe space for both the organisations and students to economically interact by eliminating the need for many middlemen. It’ll help build trust and confidence amongst all parties that are seeking to provide and make use of a service, like the student loan and currency-involved transactions like in the cafeteria.
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Being said, there’s a lot of potential for Student Coin. It targets one of the most active age groups which will make adaptation and spreading easier and faster compared to random crypto projects appearing out of the wild.
Since STC Coin also allows for tokenisation — the ability to create tokens that will run through STC’s platform, it will potentially catch the attraction of local users wherever they might be.
STC Exchange will also provide a way for all STC tokens to be exchanged for each other. This is a cross-university capability that will yet again make the coin stronger.
Conclusion
There’s no doubt that Student Coin will be a common crypto for students in the future. However, with most cryptocurrencies, the volatility of the crypto world can be so unprecedented. The decision to invest in one will be easier if you read all the white papers and everything else that you can know about your new potential crypto investment.
Until then, we’ll see how Student Coin grows from the launchpool to wherever its potentials bring it.
Featured Image by Pixabay from PexelsSources:studentcoin.appcoinmarketcap.comglobenewswire.comstudentcoin.medium.comreddit.comDisclaimer: Contains affiliate links which may give incentives to the writer without additional costs to you.
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