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You've probably heard of Student Coin and all the FUD surrounding it right now. But is there any truth to it?
Most people are getting sceptical about the Launchpad as Student Coin has gained so much attention as of late. In fact, Student coin has managed to reach its 100 Phases of its Launchpad one whole MONTH earlier than expected. In light of this, STC Team decided to extend the Launchpad by 50 phases so that they can start working on the STC Economy with the added funds.
Referral Scam Claims
Some people seem to be annoyed by this as they think that STC are milking the funds coming in. You will see many people claiming that 20-30% Referral rates is an indication of a scam. What most of these people don't know is that ICO's in the United States cannot advertise their product through ads such as Google and Facebook as this is against their community standards and laws. Therefore, Student Coin has allotted 8% of its whole Token distribution towards Marketing (aka referrals). This is also clearly listed in their whitepaper.
University Scam Claims
Another point that people seem to be picking on is the fact that Universities are not being public about their partnership.
First of all, Universities rarely go public about what services they will be using. Think of the use of Microsoft Teams and Zoom this year. Most universities have partnered with these companies due to the current Covid-19 Situation, but did they go public about it? Rarely. Universities are partnering to get licensing of use for the software. Student coin is nothing different. Student coin is building a platform and exchange for the creation of Defi Tokens, NFTs and Tokens and this is what their partnership with universities entails. Most of the universities listed HERE will show that they have currently added or plan to add cryptocurrency-related courses. STC will most likely be the platform on which these courses will be based on.
Apart from that, One small detail that some fudders might have missed, is that HERE you can see a list of people (together with their linked in profile) who are affiliated with certain universities and/or are students there who are making these connections possible.
This youtuber delves deeper into this and might explain this more clearly
Do your research
ICO's are always risky. There is never going to be a guarantee that it will work out. However, it is very easy to get influenced by the FUD going around. Student coin has huge potential and is very scalable. The amount of money raised in the Launchpad is a testament to that. You should always do your due diligence, and invest in projects you love.
If you're interested at joining this project, it's not too late!
You can Register HERE to buy it at a discounted price!
Currently, Student Coin is selling for 0.0171 USD from their website and is listed at0.020766 USD on CoinMarketCap
Student Coin is also trading for pre listing on UniSwap, CoinTiger , Waves and Kanga.
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