To develop the crypto domain, a dedicated team created one of the most interesting utility tokens that will forever transform the way you see crypto – the STC token, which has been available on its dedicated ICO since February 1st.
What is an STC token?
STC is the core utility token of the Student Coin blockchain project, allowing for the development of customizable tokens without requiring extensive technological expertise.
Having an account on the platform allows you to create:
- Personal tokens – unique assets tied to a single account;
- Startup tokens – assets that help you take a step forward to your dreams;
- Corporate tokens – unique assets dedicated to a single company;
- DeFi tokens – assets that allow you to perform various bank activities without the intervention of third parties;
- NFT Tokens – transferable tokens that make possible the switch between platforms.
Each of these tokens is built on the STC Token which can be used for exchanges, trades, and even crowdfunding.
Why is it special?
The STC token is different from other tokens by its emphasis on the most important people in the world economy – students.
They are the next generation of employees who will decide the sustainability of existing and future businesses. There is a need to make university services more available in order to provide students with the opportunity for a better education.
But it’s not that easy. Tuition fee reductions would result in a reduced budget to fund qualitative researchers, teachers, programs, international collaborations, and so on. Until now, the only choice was to take out bank loans. People’s trust in banking facilities has dropped significantly as a result of the volatile economy. Who could blame them?
As a result, the Student Coin team figured out ways to decentralize student loans – crowdfunding with personal tokens.
How does it work?
The future student makes their token. This token is mentioned in the Student Coin market. The tokens are bought by STC holders before the student collects the requisite tuition funds. After the student graduates and seeks employment, a portion of his earnings will be put aside to pay back the loan. For their membership, STC holders earn a cyclical profit payment.
Over 500 top universities around the world, including Harvard University, the University of Manchester, and the University of Copenhagen, are supporting this project.
A straightforward method for students to obtain the funds they need to achieve their ambitions. At the very least, it is the primary focus, but this method can also be used for visionary entrepreneurs.
That isn’t the only reason Student Coin stands out. Having STC tokens allows users to vote on the project’s progress and even sign petitions if necessary. It is a whole environment built to provide people with what they need while increasing the usefulness of cryptocurrencies.
Who is behind Student Coin?
Student coin is backed by a committed team of 44 people from 12 different countries that are ready to improve cryptocurrency usability and develop solutions for the world’s needs.
The team intends to build and implement an STC Exchange, STC Terminal, and even an STC App by the end of 2021, in addition to listing the token on major crypto exchanges.