Binance announced that it will launch the 31st Launchpad project Open Campus (EDU), a Web3 education protocol platform that combines blockchain technology and is committed to creating a fairer and more inclusive ecosystem for learners, educators, content creators, etc., and shaping a new education paradigm defined by the community. In response to the community's doubts about the short domain name registration time, Open Campus also responded on its official Twitter that it is actually a Web3 chain revision of TinyTap, an education platform founded in 2012. TinyTap is a user-generated content technology startup headquartered in Tel Aviv, Israel. TinyTap's community covers more than 9.5 million families and 250,000 educators, provides 250,000 interactive courses from all over the world, and cooperates with many well-known publishers.
Open Campus participants include communities, creators, and philanthropists. The community (learners) can use blockchain technology to create, own, and promote educational content that they want to know worldwide, and use blockchain technology to provide funding, co-ownership, and revenue for educational content that meets their needs; creators can provide promotional rights through publisher NFTs (Publisher NFTs), launch their content according to the agreement, and co-publishers can obtain a certain percentage of revenue based on their contributions, and creators and marketers will jointly obtain publishing rights; philanthropists can directly support such educational causes through donations, and their donated assets can be tracked through on-chain data.
The native utility token of the Open Campus ecosystem is EDU, with a total of 1 billion pieces, priced at $0.05 per piece, and a total valuation of $50 million. The initial circulation of the project after listing is 145 million pieces, accounting for 14.5% of the total supply. Among them, 130 million EDU are allocated to strategic sales, 100 million each for the core team, treasury, and liquidity reserves, 250 million EDU for ecological funds, and 155 million EDU for consultants, partners, community building, etc. Open Campus announced that it will be launched on Binance at 8 am Beijing time on May 5, and will open a BNB special session.
According to the official announcement, Open Campus will conduct crowdfunding on Binance's Launchpad platform, and the user's investment amount will be determined by the investment model. Users need to hold a certain amount of BNB within 5 days, and the holding amount will be calculated based on the average value of the holding snapshot period. Investors can use BNB to purchase Open Campus's native utility token EDU. The EDU token is the core token of the Open Campus ecosystem and can be used to pay various fees on the platform, including content creation, publishing, publicity, etc.
Open Campus aims to build a fairer and more inclusive ecosystem for learners, educators, content creators, and more. Through blockchain technology, Open Campus hopes to provide the community with greater access to resources, new compensation opportunities, and true ownership of educational content, thereby shaping a new educational paradigm defined by the community.
Open Campus participants include communities, creators, and philanthropists. Learners can use blockchain technology to create, own, and promote their own educational content, and use blockchain technology to fund, co-own, and benefit from educational content that meets their needs; creators can provide promotional rights through publishers’ NFTs, launch their content according to the agreement, and co-publishers can obtain a certain percentage of revenue based on their contributions, and creators and marketers will jointly obtain publishing rights; philanthropists can directly support such educational causes through donations, and their donated assets can be tracked through on-chain data.
The goal of Open Campus is to bring more innovation and opportunities to the education industry through blockchain technology and build a more fair, transparent and open education ecosystem. As an emerging project, the future development of Open Campus still has certain uncertainties and risks, but the blockchain education track itself is a blue ocean, and Binance will probably continue to build in this field in the next few years, which is more in line with the track that CZ will publish in early 2023 to express his concern. Players need to make investment decisions after carefully evaluating the fundamentals and risks of the project.
