#Open Campus (EDU)
In the afternoon, the announcement of the new LPD project was caught off guard. It was so beyond my expectations that I specifically asked whether it was LPD or LPP:)
I can’t help it, it’s not that I’m stupid, but I’m already used to the rhythm of LPD every six months.
Like Hook, this project attracted a lot of criticism after it came out. I must say that I don’t actually blame the community for scolding me. There are indeed many doubts about this project.
The launch of this project was obviously very hasty. At around 4 o'clock in the afternoon, the project website was not attached to the announcement or the research report. The project's white paper is extremely rudimentary, barely filling in a few basic elements. These are very unblockchain.
So, has Binance fallen?
Not really. Let’s put aside the highly subjective uncertainty of supervision to analyze the project itself. In fact, although this project is not a formal blockchain project, it is definitely not a piece of cake. As long as we take a moment to look through the project information, we can know that Open Campus (EDU) is covered in Tinytap, and Tinytap is an entity project in the field of early childhood education. According to data disclosed by the project team, Tinytap has more than 250,000 interactive courses and is among the top ten in the App Store and Google Play segments.
An entity's business project is financed for two purposes: one is to raise funds for expansion, and the other is to obtain exit channels. There is also a very common purpose of issuing coins in currency circles: to collect money and run away :)
It should not be possible to make money and run away. Let’s not talk about the fact that since Binance restarted LPD in 2019, there has been no precedent for running away. Take the financing amount of 2.5 million U.S. dollars. In the face of currency circle projects that are often valued in the hundreds of millions, this amount of money is really small and a bit embarrassing.
From the perspective of fundraising expansion, the project side seems to have lost money. After all, not to mention that the overall amount is not high, the price is only half of last year’s private placement price. But the project side is not at a loss. After obtaining a huge circulation market, good liquidity is the fund pool for stimulating content production. They can use tokens to incentivize course production, or they can use traditional X2E routines to earn money. User data. Even if the project fails in the end, like many previous chain games, a short-term prosperous ecosystem can be stimulated by the strong incentives of distributing tokens.
Therefore, we can confirm that Open Campus (EDU) is an entity commercial project that enters the blockchain world and intends to make an attempt to use tokens to stimulate ecological development.
If this project uses token economics to bring huge positive driving force to the development of the project, it will not only be the success of the project itself, but also a successful case of blockchain technology truly entering the real business operation system, which will have a great impact on the entire industry and industry participation. Both are good things. After its success, there will inevitably be a lot of similar projects to imitate.
If we can succeed a few more, we can open the door and walk out, straighten our backs, and tell others firmly that web3 is not just about currency speculation and CX!
PS: The above is for my own entertainment and is not intended as any investment advice!
