We now stand on the verge of a new era of digitalization and Internet services that will slowly but steadily become more and more a part of our everyday lives. In contrast to traditional in-person interaction, online services can deliver higher speed and better availability - this alone has already made a great impact on the fields of trading and data management, people’s social lives and more. Now, the education sector looks set to finally be disrupted by innovative technologies.
Notably, online learning provides students with a wide range of advantages, including convenience and flexibility. Education on the web is a great solution for those who have to balance work and studying. But an important question remains – can students be 100 percent sure about the quality of the education provided?
Thankfully, many EdTech platforms provide a solution. However, all EdTech platforms currently suffer from low levels of course completion and user retention. When comparing users’ loyalty —the frequency a service is used on average—to those of other social platforms, it can be observed how different the users’ behaviors are. While the main social platforms achieve active monthly engagement figures of over 80%, educational platforms measure a dramatically lower figure of around 5-10%.
Tutellus is the EdTech platform every student is looking for
Compared to similar platforms, the Tutellus ecosystem has far more benefits to offer. Being blockchain-based, Tutellus has an integrated incentive system that will pay students for learning and remunerate teachers according to their impact in the success of their students. Tutellus also allows third parties and companies to use the platform for searching for the best candidates to fill a vacant post. CEO and co-founder of Tutellus, Miguel Caballero, says:
“Our goal is to create a new educational model that provides answers to the challenges within the market: train and identify the most committed students, increase the involvement of the best teachers, and strongly tie an educational community - the student body and teacher faculty - to the job market. Blockchain technology is vital to allow us to create a system of incentives for all parties involved”
Tutellus is an old player on the online education market, having presented its EdTech platform in 2013. With more than a million users registered on the platform and more than 130 000 video courses provided, Tutellus is now aiming to become truly decentralized and thereby join in with the “ICO hype”.
The Tutellus ecosystem provides two kinds of tokens for its users: TUT and Smart TUT (STUT). The former, TUT token, is designed to allow clients to be able to purchase services and video courses on the platform. The students’ relevance and rating will be measured in the latter STUT (Smart TUT) tokens.
Supported by their partnership with Cryptonomos, Tutellus will launch its initial coin offering (ICO) in mid-May, 2018. A pre-sale of TUT tokens begins on May 10. During this period, Tutellus will provide users with a 20% bonus; the minimum purchase amount is 5 ETH.
A public token sale begins on June 12, 2018 and stays open until either July 12 or the hardcap of $40 million is reached. The established exchange rate is 1 ETH = 15 000 TUT. Term of contribution: 0.05 ETH or more. Tutellus accepts ETH, BTC, XEM, LTC, BCH, ZCASH and DASH.
Tutellus also offers special bonuses for early birds (up to 10%) and additional bonuses for large investors which will be discussed individually with every purchaser.
Tutellus plans to allocate the funds to product and engineering (40%), sales and marketing (20%), publicity and PR (20%), operations (10%), security, loyalty and reserves (10%).
To participate in Tutellus ICO, visit the website tutellus.cryptonomos.com
Any way you slice it, blockchain solutions in education are in their infancy. However, the potential is huge, and the positive repercussions will likely go way beyond our vision.
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