What Is Student Coin (STC)?

Blockchain technology and cryptocurrencies have developed rapidly in recent years, making inroads into various industries. Unfortunately, one area that has been ignored until now is the educational sector. Notably, the educational sector is one of the foremost places for innovative ideas, churning out innovations, and technology research. Now it needs a blockchain solution of its own, and that is where Student Coin (STC) comes in.

Student Coin: a Gateway to Tech Education

Student Coin represents what Facebook Inc (NYSE: FB) was in its early days. This platform aims to connect students and revolutionize modern education. Starting from a humble educational background, just like Facebook, it is gradually growing, providing students educational value and a new community.

With the support from more than 500 educational institutions all over the globe, Student Coin is looking to expose some of the brightest minds to blockchain technology and creates an environment where students can access blockchain innovations directly and interconnect with each other via a shared token STC token.

Development and Launch of Student Coin

Student Coin was inspired by Facebook and started from the humble beginnings of a local university just like it. STC was founded by Wojciech Podobas who has wide experience in cryptocurrency. It is backed by a global team made up of 51 members from different top universities and fields. Members of the team include students, faculty, and entrepreneurs.

At first, it was ALK Student Coin, but after the first few weeks, when several students bought into the idea, the team decided to spread the idea beyond the four walls of the university. This led to a fork of the ALK Student Coin and the creation of the current Student Coin.

As the idea spread across the country, thousands of students got involved, becoming owners of the coin, but it didn’t stop here. Soon, students from all over the world started joining. As of now, Student Coin is available in more than 500 universities all over the world.

Student Coin’s Ecosystem

As a blockchain project, Student Coin creates a platform where students and educational organizations can develop their own tokens. In addition, this platform provides a comprehensive collection of tools and products that make blockchain adoption in the educational section faster.

Built on Ethereum (ETH) and Waves (WAVES), it combines these two networks to create a comprehensive and easy-to-navigate platform. In addition, there is an educational section on the platform filled with courses for students and blockchain beginners. Designing, creating, and managing personal, NFT, DeFi, and startup tokens have never been easier than with the Student Coin ecosystem.

• Business Part

The business part of the ecosystem deals with the tokenization available on the platform. Whether for a student or an organization, creating and managing tokens is easy with the Student Coin platform. The team believes tokenization is the future of blockchain technology. Therefore, it provides all the tools you may need to create a custom token.

Every token created on the Student Coin ecosystem is valued with reference to the native STC token. Custom tokens can be used for trading, crowdfunding, voting, payments, or governing right on the platform.

This is in line with the goal of allowing everyone from businesses to individuals to build and manage their corporate, personal, NFT, and DeFi tokens with the same ease of creating and managing a profile on social media.

• Educational Part

The Student Coin ecosystem also has an educational section with courses grouped into five sections. These courses are comprehensive and touch on all the basics of cryptocurrency and blockchain technology.

For beginners and students wishing to learn about blockchain technologies, including the underlying technology of the Student Coin ecosystem, this is the perfect place to learn. This goes in line with the goal of making tokenization more mainstream through education about tokenomics, DeFi, and blockchain technology.

Student Coin’s Underlying Technology

The Student Coin ecosystem runs on Ethereum and Waves blockchain networks. As a business and educational-driven platform, it has various tools and features that make it possible to achieve its goals.

• STC Terminal

The STC terminal is used by individuals, businesses, and organizations to build and manage their own tokens on the platform. The STC terminal makes wide-scale tokenization on the STC platform possible. Besides, it helps to manage the utility of your custom token.

• STC Exchange

This exchange is available to the public and provides access to all kinds of tokens on the platform. The only issue is that you can only trade them to STC. Therefore, the exchange is the perfect place for the issuance of STC-based DeFi tokens and startup crowdfunding.

• STC App

There is also the STC desktop and mobile application with all the STC features you need. For example, you can use it to store and swap assets and other DeFi utilities of the Student Coin Ecosystem.

STC Token

Student Coin has its own native cryptocurrency, the STC token. This token is fundamental to all the features and utilities of the platform. It serves as a reference currency for the whole ecosystem as it powers usage of the STC terminal, trading on the STC Exchange, and all other STC applications.

Part of each token created at STC Terminal remains in the STC Bank. It is a reserve of the personal, DeFi, and startup tokens for the STC token holders.

STC ICO

In February 2021, Student Coin conducted an ICO. The 150 phases of the ICO ended early, in April, due to a surge in demand for the token. 50% of the total supply of 10 billion tokens was available for public sale. The token is listed on Uniswap, Waves exchange, Cointiger, Kucoin, and Bithumb Global, and there are plans to list it on more exchanges.

Use Cases of Student Coin

The Student Coin platform has a lot of use cases in today’s world. As it is one of the top platforms for wide-scale tokenization, businesses and individuals get to create all kinds of tokens they might have in mind, from personal and corporate tokens to NFTs. Businesses, individuals, and organizations can also use Student Coin for crowdfunding and staking.

It also has educational uses while connecting students from hundreds of universities worldwide to exchange ideas, knowledge, and technology.

Conclusion

The Student Coin platform finally bridges the gap between the educational sector and blockchain-based technology. Thus, it allows for a digital transformation of the academic field. While it is still in its early stages, it has secured support and partnerships all over the world. With many use cases, it has all the characteristics needed to be a success.