As the governance token of the Open Campus DAO, the $EDU token undoubtedly plays an important role at the intersection of education and blockchain. This article will delve into the functionality, uses and role of the $EDU token in the ecosystem to help readers better understand this innovative asset.
$EDU Token Overview
The $EDU token was born on the BNB chain as a BEP-20 token on April 28, 2023, and simultaneously exists on the Ethereum L1 blockchain. With the launch of the mainnet, $EDU will be bridged to the EDU chain, a process that will further solidify its application potential in the education field.
As the native gas token of EDU Chain, $EDU is not only the medium of transactions, but also the core of interaction between users and the platform. This makes $EDU the cornerstone of the Open Campus DAO ecosystem, promoting user participation and governance.
Purpose of $EDU
Native gas token: $EDU, as the native gas token of EDU Chain, is mainly used to pay transaction fees and ensure the smooth operation of users on the Internet. This feature makes $EDU an essential tool for users to perform various operations.
Governance voting: In the Open Campus DAO, holders of $EDU tokens can participate in governance voting and vote on the development direction and important decisions of the platform. This mechanism not only enhances user participation, but also ensures the transparency and fairness of the platform.
Purchase Open Campus Assets: Users can use $EDU tokens to purchase various assets of Open Campus, which may include digital content, services, and other related products, further promoting the prosperity of the ecosystem.
Visit products and services
Users holding $EDU tokens will be able to access and withdraw from a variety of products and services offered by the Open Campus, such as:
Publisher NFT Minting: Users can utilize $EDU to mint NFTs, providing a new revenue stream for content creators.
Minting and Verification of Verifiable Credentials: Upcoming functionality will allow users to mint and verify verifiable credentials associated with Open Campus IDs, which is critical for educational authentication.
Premium gated content: In the future, users holding $EDU will be able to access premium gated content from the Open Campus University, which will further enhance the quality and efficiency of learning.
Supply Cap and Token Allocation
The total supply of $EDU tokens is fixed at 1,000,000,000, and this supply cap ensures the scarcity of the token and prevents inflation. Tokens are distributed as follows:
| Allocation items | Allocation percentage | Number of tokens | |------------------|------------|------ ----------| | Binance Launchpad | 5.0% | 50,000,000 | | Operating Expenses | 4.0% | 40,000,000 | | Liquidity | 10.0% | 100,000,000 | Early Contributors | 7.500 750,000 | Ecosystem Fund | 25.0% | 250,000,000 | | Treasury | 10.0% | 100,000,000 | | Strategic Sales | 13.0% | 130,000,000 | | Consultants | 15.5% | 150% | Total | 100.0% | 1,000,000,000 |
As can be seen from the above allocation, institutional holders (such as strategic sales, team, advisory and operating expenses) will receive 42.5% of the total token allocation, while other participants (such as ecosystem, early contributors, liquidity, etc. ) gets 57.5%. The design aims to incentivize content creators to produce high-quality content and entice users to stay active on the platform.
The role of ecosystem funds
The tokens allocated to the ecosystem fund will be used exclusively to incentivize content creators and encourage them to create high-quality content on the platform. The funds will also be used to provide scholarships, grants and promotional incentives to attract more new content creators and partners to the Open Campus Agreement. This not only promotes community activity, but also rewards community members and ecosystem supporters who actively participate.
in conclusion
The launch of the $EDU token marks a major milestone in the convergence of education and blockchain technology. As the governance token of the Open Campus DAO and the native gas token of the EDU Chain, $EDU not only provides users with multiple functions, but also brings new opportunities to content creators and educational institutions. As the ecosystem continues to develop, $EDU will play an increasingly important role in the future education field and deserves the continued attention of everyone who cares about blockchain and education.