LEDU Token: What You Need to Know
LEDU token is an ERC-20 token designed to support Education Ecosystem; a project-based learning platform that teaches students how to build real products in areas such as artificial intelligence, blockchain, cybersecurity, data science, game development, and programming.
If education is to benefit millions of people with introductory skills in various fields, then the learners must be able to use those skills in building real-world applications.
This challenge is not difficult to identify yet there are few approaches taken to create a win-win situation for learners, employers, and creators of the required learning material.
Students and professionals take up lessons and classes so that they can build real-world applications that can solve real-world challenges.
However, the lack of critical and practical knowledge in building viable products in the fields of artificial intelligence, cybersecurity, game development, data science, programming, and blockchain inhibits them from achieving this goal.
Students find it easy to take up introductory courses from various online learning platforms. These courses do not offer the students the necessary skills required by their careers, and they get stuck with basic knowledge.
Education Ecosystem is the bridge that prepares students with basic skills to tackle practical projects that set them on their career paths.
LEDU is an ERC20 token built on the Ethereum blockchain. It is designed to be the main currency of the Educational Ecosystem platform and community. Content creators, content viewers, quality assurance testers, and Education Ecosystem Ambassadors get paid in LEDU.
The token was created to bond the Education Ecosystem community together. Education Ecosystem is creating a platform where students and professionals with basic knowledge upgrade their skills through live streaming or watching videos of learning material.
The project-based platform enables students to learn to build complete products while receiving support from a peer-to-peer knowledge-sharing community.
Who invented LEDU token
Education Ecosystem, previously known as LiveEdu, was founded by current CEO Dr. Michael J. Garbade.
Did you know
Education Ecosystem founder Dr. Michael J. Garbade is a serial entrepreneur who at one point had stints at Amazon, GE & Rebate Networks.
A brief history
- 2014 — Education Ecosystem founded under the name LiveEdu.
- January 2017 — LiveEdu raised $10 million in a token sale
- November 2018 — LiveEdu Changes its name to Education Ecosystem
- December 2018 — Alpha version of Education Ecosystem launched
- December 2019 — LEDU undergoing token swap
What’s so special about it?
Education Ecosystem adopts a modern approach to learning as it uses a decentralized model for students to learn about technologies and have hands-on experience in building real-world applications.
The company uses video streaming to help students master the art of developing projects from start to finish. Developers can think of the platform as Github on video.
From a business point of view, the company has no direct competitors because there are no online platforms that teach students and professionals that have made it through the introductory stages how to build practical solutions. The LEDU ecosystem is built on top of Ethereum, which makes use of smart contracts.
Did you know
Education Ecosystem has garnered more than 5 million users from at least 194 countries and holds more than 200,000 video projects.
What else is different
Education Ecosystem operates in a market segment with a potential for future growth. There were 23 million global developers in 2018, with the figure expected to rise to 27.7 million by 2023 due to an increase in demand for software engineers.
Tech companies — the potential employers of these developers — are willing to spend money to train the developers to be as efficient and effective as possible at their respective workplaces.
Education Ecosystem capitalizes on this and developed a monetization model based on companies planning to train new talent. As the world moves towards an internet-based ecosystem, more students and professionals are counting on video tutorials rather than physical classes to enhance their skills.
How are LEDU produced?
LEDU tokens were created during the platform’s ICO in 2017. New tokens are created to reward community users who positively contribute to the growth — through content creation, viewing projects, and site moderation — of the Education Ecosystem community.
How do you get hold of LEDU Tokens?
Users can buy LEDU tokens from exchanges or purchase them through the LEDU OTC program offered by Education Ecosystem. Platform users can earn LEDU tokens by creating content, watching existing learning material, inviting friends to the community, and submitting projects. New and existing platform users can win LEDU tokens by participating in competitions.
What can you do with LEDU Token?
Like all tokens, LEDU tokens can be bought, sold, and traded on various exchanges such as Dcoin, Mercatox, Latoken, and Idex. The LEDU token allows holders to be part of the education revolution where they complete projects to enhance their skills through videos.
Through the use of blockchain technology, specifically, Ethereum to incentivize practical learning; Education Ecosystem is building a platform where students and professionals have the required skills to build fully-functional real-world products.
At the same time, the platform rewards content creators and users. Education Ecosystem is promoting the passage of practical knowledge while spearheading blockchain adoption and awareness.