What is Student Coin?
Student Coin is a blockchain-based solution that gives universities and students around the world the ability to create, manage and distribute their own fungible and non-fungible tokens. It operates on Ethereum and Waves. With Student Coin, students can access blockchain developments and advancements, as well as interact with each other around the world.
Student Coin provides a wide range of products and tools. These tools can then be used to create tokens or to introduce blockchain technology and decentralize education to students. You may be asking why this is needed. According to the founders, Student Coin seeks to solve the problem of tuition fees by implementing blockchain technology in the education sector.
STC is the native token of the Student Coin crypto project. If you care to see the live STC price, take a look at the Student Coin price chart above.
The STC ecosystem is divided into STC Terminal (where tokens can be created and managed) and STC Exchange (where all STC tokens are listed and exchanged, as well as where crowdfunding and loans can be obtained). Besides, the ecosystem has the Student Coin Mobile app and CoinPaper. The latter is used to promote the project.
The Story of Student Coin
Student Coin initially started out as ALK Student Coin, which stands for Academia Leona Kozminskiego Student Coin. However, a fork of the ALK Student Coin was created to make it acceptable to other universities as well. Wojciech Podobas is the founder of Student Coin. He leads a team of over 50 members from various fields and universities.
Almost like the story of Facebook, Student Coin started from one university and began to spread to other universities. Shortly after its launch, the Student Coin reached over 500 universities around the world. This led to Student Coin setting up partnerships with many schools and academic institutions all over the world. However, because of its wide range of use, people who are not in the field of education use it as well.
Use Cases of STC Tokens
The STC token is based on the ERC-20 token standard. As the native token of the Student Coin crypto project, STC can be used for various activities within the ecosystem.
For starters, STC coins can be used to carry out trading and crowdfunding of newly created tokens on the Student Coin project. These tokens can be traded and crowdfunded on the STC Exchange, with STC tokens being the only measure of value.
Moreover, STC crypto assets are used to pay for services and products within the Student Coin platform. Besides that, stakers of STC tokens get a portion of the fees collected on the exchange, which is paid out weekly in the form of STC tokens according to the amount of STC held by a person.
Furthermore, an important benefit of owning STC tokens is the right to vote on the decisions that govern the Student Coin development. As a holder, you get to have a say in what happens (or doesn't happen) within the ecosystem.
Additionally, holding STC tokens gives access to signing petitions, proves that you are a member of a university, and allows you to earn rewards for completing crypto quizzes.
Don't forget to check the current STC price featured on the aforementioned Student Coin price chart.
Student Coin Tokenomics
The maximum supply of STC tokens is 10 billion. All tokens were pre-mined, which means that no new STC will be created. Besides, in other to keep the STC price relatively stable, the project employs token burning.
55% of the supply was sold during the ICO. The remaining portion was split between the team, advisory board, and an airdrop, as well as set aside for development and marketing purposes.
