What Is Open Campus? All You Need to Know About EDU

The expansive reach of blockchain technology is truly impressive, transforming numerous sectors and permeating various aspects of our lives. While the shift is substantial across many fields, one area stands somewhat untapped: education. An alarming centralization and censorship trend lurk in the modern educational landscape. It is imperative now, more than ever, to foster decentralized platforms fostering free thought and content generation.

Open Campus (EDU) is progressing in this context by promoting an environment where learning and content creation can flourish unrestricted and unfiltered.

What Is Open Campus (EDU)?

Open Campus (EDU) embarked on its pioneering journey in 2022, raising an impressive $6 million in a private token sale that constituted 6% of the total EDU token supply and approximated its fully diluted valuation at $100 million. The endeavor gathered momentum in 2023 with the launch of the EDU token sale on Binance Launchpad, amplifying its reach and impact.

The core of Open Campus is a forward-thinking, community-led concept that leverages the transformative potential of blockchain technology to create a more just educational system. It unchains the creation and dissemination of educational content, allowing students access to a broad range of educational resources. Simultaneously, it provides educators an innovative platform to garner revenue and accolades for their invaluable contributions.

Open Campus is a brilliant, decentralized solution to the major problems afflicting modern education. It tackles educators’ enduring undervaluation and recognizes their crucial roles in society. Its ultimate aspiration is to trigger a paradigm shift in the colossal $5 trillion education industry by reinstating authority and control to educators and learners alike.

Striving to inspire a radical transformation in the vast $5 trillion education sector, this brand-new project aims to re-empower educators and learners. It seeks to construct a dynamic ecosystem, amalgamating educators, learners, publishers, and co-publishers. \
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Open Campus’ protocol employs blockchain technology, allowing communities to jointly finance and own relevant educational content. Content creators use Publisher NFTs to provide promotional rights and generate revenue for co-publishers. Additionally, benefactors can support educational initiatives and monitor their contributions using on-chain tools.

How Does Open Campus Work? Educational Content and Revenue-Sharing

Open Campus operates using a decentralized model built on web3 technology. It creates an environment where educators, learners, publishers, and co-publishers can connect and collaborate effectively. Blockchain technology ensures that all participants have fair and equal access to opportunities and resources within the system.

Here are the key components of the Open Campus ecosystem:

• Educators and Content Creators: On Open Campus, educators and content creators are encouraged to develop, share, and manage their original educational content. They are provided with a global platform to reach out to learners worldwide. The decentralization of content creation ensures that they are fairly compensated for their contributions, and their remuneration is directly linked to the quality and popularity of their content. It opens up a new avenue for these creators to not only share their knowledge but also gain significant financial benefits, thus encouraging the production of higher-quality materials.
• Learners: Learners represent a crucial component of the Open Campus ecosystem. They get access to a wealth of educational content, ensuring geographical boundaries or institutional restrictions do not limit them. The availability of diverse content empowers them to tailor their learning experience based on personal interests and educational goals. They can engage with content that truly resonates with them, enhancing their overall learning experience and outcomes.
• Publishers and Co-publishers: Publishers and co-publishers play a critical role in curating and packaging educational content on Open Campus. They can monetize their services and expertise, contributing to the rich tapestry of the Open Campus educational environment. Their role is not just about content curation but also includes facilitating and promoting engagement within the platform, thereby enhancing the educational experience for all users.

Source: open-campus.gitbook.io

Overall, by drawing on the expertise of its distinguished launch partners, Open Campus promotes the creation and sharing of high-value educational content, fueling the ecosystem’s growth and fostering innovation. This endeavor promises a future where education thrives, uncensored and decentralized.

Open Campus Use Cases

The Open Campus Protocol also extends its utility to institutional contexts. Universities and colleges can seamlessly integrate this protocol into their existing systems to leverage its diverse functionalities. For instance, they can employ EDU tokens as a unique payment method for tuition fees, simplifying transactions and making the payment process more efficient.

The protocol can also be used to tokenize credentials from academic institutions. This may take the shape of diplomas or certificates, which would then be stored on the blockchain, proving their authenticity and offering a safe, verifiable record of academic accomplishments. By removing the possibility of false credentials, this strategy promotes honesty and integrity in the educational system.

Additionally, the Open Campus Protocol could facilitate collaborative learning projects across different institutions. Students from various universities can jointly contribute to projects or research initiatives, earning EDU tokens for their participation and contributions. This way, the protocol not only encourages interdisciplinary learning but also promotes an inclusive, global educational community.

What Is the EDU Coin?

EDU is the native coin of the Open Campus network that powers the protocol’s ecosystem. Its maximum supply is capped at 1 billion units, of which 187.4 million (18.7%) are already in circulation (July 2023).

The EDU token is more than a mere digital currency; it is the driving force behind the Open Campus Protocol. This dynamic ecosystem recognizes the value of contributions from learners, educators, and content creators and ensures they’re rewarded appropriately. The token not only instills a sense of ownership among participants, but also facilitates the process of content monetization, thereby fostering a productive educational environment.

As for tokenomics, thoughtful allocation ensures the sustainable growth and long-term viability of the project. A substantial portion goes to community rewards and the Open Campus treasury, which supports protocol development, education grants, and partnerships. Meanwhile, a reserved part ensures liquidity, aligns incentives for early backers, and offers incentives for the team to keep pushing the educational envelope forward. The EDU token, thus, cultivates a flourishing educational ecosystem that appreciates and values all contributors.

In detail, here is the EDU allocation and distribution:

• Binance Launchpad: The platform conducting the token sale received 5% of tokens
• Operational Expenses: Account for 4% of tokens, released monthly over 24 months
• Liquidity Provision: Takes up 10% of tokens, released monthly over 12 months
• Early Contributors: Allotted 7.5% of tokens, released monthly over 6 months
• Ecosystem Fund: Gets 25% of tokens, 5% of which is released at the Token Generation Event (TGE), the rest is released monthly over 48 months
• Treasury: Receives 10% of tokens, vested over 24 months with a 12-month waiting period (cliff) and monthly releases
• Strategic Sale: Allocated 13% of tokens, vested over 30 months with an 18-month cliff followed by monthly releases
• Advisors: Assigned 15.5% of tokens, vested over 30 months with an 18-month cliff, followed by monthly releases
• Team: Allotted 10% of tokens, vested over 36 months with a 24-month cliff, followed by monthly releases thereafter

Source: open-campus.gitbook.io

This structure ensures a steady distribution of tokens over time and aligns with the long-term vision of the project.

Open Campus Ecosystem

On Open Campus, creators can use various third-party platforms and tools. Examples are as follows:

1. TinyTap: A key player in the ecosystem, TinyTap already boasts an impressive user base with over 10 million users and over 250,000 active creators. By integrating with the Open Campus Protocol, it aims to turbocharge the shift towards decentralization, broadening accessibility to a diverse array of creative, quality educational resources.

2. Genesis: Renowned for its role in preschool education, Genesis sees Open Campus Protocol as a catalyst to revamp its curriculum, infusing it with the vibrancy of decentralized content. Genesis anticipates its union with Open Campus will create even more engaging and tailored learning pathways for the youngest learners.

3. GEMS Education: As a stalwart in K-12 education, serving over 300,000 students across 66 schools, GEMS looks forward to the opportunity the Open Campus Protocol presents. The goal is not only to decentralize its educational content but also to foster a rich, diverse, and forward-thinking learning environment.

This forward-thinking ecosystem builds on the advantages of well-known educational institutions while ushering in a time of open, diversified, and quality-driven decentralized education.

Open Campus DAO

The Open Campus DAO, guided by its EDU token holders, functions through a decentralized decision-making process. Proposals are scrutinized by a five-member Council which ensures alignment with DAO‘s guidelines and vision. The Council validates and implements approved proposals, handles accounting services, and serves as a link between the DAO members and Open Campus Protocol users. Council membership is re-evaluated annually through votes by token holders, promoting transparency and shared governance.

The proposal process within the Open Campus DAO all starts with ideation where a proposal is submitted for initial review by a Council-appointed Administrator. This Administrator ensures the proposal aligns with the DAO’s mission and goals. If the proposal is rejected, it can be revised and resubmitted. Following approval, a 7-day comment period ensues, providing token holders the chance to discuss the proposal.

After this, the Council reviews the proposal, considering legal and mission-aligned aspects before voting. If deemed suitable, the proposal is open to a 7-day voting period on Snapshot. If approved, it enters the ‘in process’ phase with periodic updates by the Council until tagged ‘completed’. Rejected proposals are archived for historical reference.

To prevent conflicts, proposals contradicting ongoing ones are delayed and those conflicting with approved proposals await three months post-implementation.

Is Open Campus a Good Investment?

Recognizing the unique and advantageous aspects of the project is more important when determining the quality of Open Campus as an investment than offering financial advice. The originality of the initiative, coupled with its vast potential applications, makes it a unique venture in the digital education realm.

Moreover, the committed team, continuously striving to enhance the platform with novel features, fuels confidence in the project’s prospective growth. Their dedication to providing a decentralized, censorship-resistant learning platform is demonstrable and unwavering.

Ultimately, the value proposition of Open Campus extends beyond monetary considerations—it is about catalyzing an educational revolution, empowering educators and learners, and creating a more equitable knowledge dissemination landscape. However, potential participants should always conduct thorough research and due diligence before becoming involved in any project.

How to Own EDU?

To own EDU, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy EDU.

News on Open Campus

According to recent news reported in June 2023, it seems that TinyTap and Open Campus joined forces to demonstrate a novel blockchain-based educational platform at the ISTE Live 2023 Conference. This platform is said to be transformative, decentralizing content creation, and empowering educators. A key highlight was the announcement of the $10 million Global Educators Fund, aimed at supporting and incentivizing teachers to create interactive lessons. This synergistic collaboration and financial backing underscore Open Campus’s commitment to revolutionizing education and fostering a community-driven learning environment.

Useful References

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• The official website
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• Whitepaper

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