Kevin Carey, author of the top of College: making the longer term of Learning and also the University of all over, imagines a world within which the rigid four-year-degree model of post-secondary schooling and its associated student-debt burden fade into the past. He foresees a time once educational activity becomes a reasonable, long method of intellectual ANd sensible enrichment formed by an individual’s skilled and private aspirations.
Major international publications like Forbes magazine, The Washington Post and also the economic expert have deemed the $4.6 trillion-to-$6 trillion international education market ripe for technological disruption. Our analysis suggests educational activity is vulnerable thanks to escalating tuition prices and student debt burdens, the undue quantity of your time needed to earn a degree and a match between school coaching and job skills demanded by employers.
The Problem/The Market Place
Lack of Access to Quality educational activity Improving accessibility means that addressing the challenges that students face in the effort a great education. we tend to acknowledge that overcoming obstacles is a crucial a part of growing up. However, we tend to conjointly believe that making a worldwide marketplace will assist students in accessing several education choices, customizing course choices, and managing the acquisition of student accommodation and transportation.\
The ODEM answer
Using the ability of blockchain technology and its sensible contract-based payment platform, ODEM can change students and professors to act directly and participate in the exchange of education and learning, while not the involvement of intermediaries. Our goal is to create quality education additional accessible and cheap to a broader audience
ODEM platform participants can conduct all transactions victimization the ODEMT. Payments can occur through the exchange of tokens and can adhere to the sensible contract terms and conditions. The token itself is going to be engineered on the Ethereum Token normal, conjointly called ERC 20.
The ODEM Payment entry
As illustrated in Figure 1, ODEMT should be the medium of exchange to get program merchandise and services on the ODEM platform.
The Digital pocketbook
A digital pocketbook is a web or mobile account during which users will store all payment info for ODEMT. Wallets are going to be integrated on the ODEM platform for educators, students and alternative service suppliers.
ODEM Token Sale
Proceeds from the token distribution event are going to be wont to fund the ODEM platform development, operations, legal institution, and selling. The ODEMT are going to be the native currency used for functioning and operational on the ODEM platform. In short, the most and sole purpose of the token is for the utilization of the utility services accessible on ODEM platform. ODEM reserves don’t create any claims regarding the utilization of ODEMT for the other functions. Kindly note that any info mentioned in this chapter could amendment swiftly before the launch of the most crowdsale.
The ODEM token sale can happen in 2 phases
1. Pre token sale — early adoptive parent part
The Pre Crowdsale part can begin on December 10th, 2017. within the Pre-token sale, 58,200,000 ODEMT are going to be issued at a reduced rate of €0.0375. These ODEMT are going to be issued at a twenty-five p.c bonus rate. Kindly note the bonus tokens can solely be accessible when completion of the most token sale and token generation event has occurred. there’s a minimum purchase demand of 200,000 ODEMT, per user, within the Pre-token sale part.
2. Token Sale
The main token sale can start tentatively on February 17th, 2018 and can continue until March 19th, 2018. a complete of 180 million ODEMT are going to be issued during this part. The tokens are going to be issued at, or around €0.05. Considering the very fact that the ODEM platform will solely perform optimally if the tokens are cosmopolitan, a user is going to be allowed to shop for a most of 250,000 ODEMT throughout the primary hour of the most token sale. After that, the most cap of 250,000 ODEMT is going to be praised.
Details of the Contributors
Considering the world Token Sale regime, ODEM reserves are committed to following bound best practices. The ODEM token sale would require KYC (Know Your Customer) and AML (Anti-money Laundering) protection measures to make sure contributors will wrongfully participate in the token sale. ODEM believes in being a pacesetter within the implementation of best practices. A KYC kind is going to be accessible on the odem.io, homepage.