NTOK – educational platform based on blockchain technology

Good day dear visitors of cryptoknows website. With the popularization of the Internet, face-to-face education is becoming less and less popular. Full-time education takes up too much free time and does not always have the right direction of learning.
Not all correspondence education is high quality and convenient. Most of such institutes lose their licenses and end their work. But with the advent of blockchain technology and smart contracts to the masses, open, secure and most importantly high quality education is becoming a reality. The decentralized distance learning platform NTOK will be discussed today. Let’s get started.
NTOK is a decentralized open educational platform based on blockchain technology and smart contracts, including direct contact between the participants of the system with a high quality level of educational content and highly qualified teachers.
The platform has a number of very positive qualities:

Rating blockchain system

Thanks to the work of blockchain technology, the rating of teachers can not be faked, all records are stored in the blockchain registry, which is a reliable and transparent system.

Absence of intermediaries

All interactions are made directly between the student and the teacher, reducing costs and providing a unique, individualized approach to each student.

Payment directly to the teacher

Payment for all knowledge and lessons received is made directly to the teacher.

Multifunctionality of the platform

Multiple options are available for receiving information: video, audio recordings, interactive online whiteboard, etc.

Accessibility to a single database of teachers

The entire list of teachers within the system is in one database with a unique rating system, allowing you to find the most suitable teacher for you.

How does NTOK work?

The NTOK platform was primarily designed as a peer-to-peer network for education, where each member of the system, whether teacher or student, could freely interact with each other. Only holders of the cryptocurrency of the same name can be a member of the NTOK ecosystem.

The main goal of the project is to remove mediocre elements like schools, universities and other alternative education institutions where the student is primarily seen as a commercial element.
All transactions in the ecosystem are conducted using the NTOK token, which is used for very different purposes. Students pay for their knowledge with NTOK currency, and the platform’s teachers are rewarded with this currency.
Tokens can be purchased through various exchanges, which will adapt to the most inexperienced users of cryptocurrency, which will allow to exchange fiat funds directly to the in-system currency NTOK.

Pros for investors and token holders:

• The price of a token is directly proportional to the number of participants on the platform(students, teachers, various partners). That is, the more demand for the coin, the higher the price. Since the demand for education has always been high, the price of the token should also be decent.
• The demand for token can also be increased due to the versatility of the digital currency of the NTOK platform.
• The issuance of tokens is strictly limited, and each transaction needs a kind of “fuel” of a kind of commission, which reduces the limited number of tokens, thereby increasing its value.

Reward system for students and token holders. As certain tasks or for holding tokens, you will be rewarded in the form of NTOK currency.

About the ICO and the project token

The platform token is named NTOK, an ERC-20 standard token built on the Ethereum blockchain.

Functions of the NTOK token:

• All transactional transfers in the platform’s ecosystem are made only with the platform’s own digital currency, NTOK. Even if the payment for services was made in fiat money, the original currency is converted to NTOK and only then is the transfer made.
• Payments for lessons within the NTOK platform can be made for tokens.
• NTOK can be used to buy author’s content from platform members.
• Buying educational programs within the ecosystem.
• The main stage of the token sale:
• Start: March 1, 2018.
• End: March 31, 2018.
• Hardcap: 15, 000, 000 USD.
• Softcap: already raised
• Token issuance: the exact number will be known after the ICO.
• Token allocation:
• Allocated for sale at the ICO: 70%
• Management and team: 20%
• NTOK platform reserve: 7%
• Bounty company: 3%

Conclusion

Undoubtedly, the platform is destined for success. The project already has a working system that does not need to be developed. The platform of distance high quality additional education will in no way help the multimillion audience of pupils and students who need quality material and format of presentation of professional teachers.