What is EDU coin? Review Open Campus (EDU) – 31st Project of Binance Launchpad

Binance Launchpad has introduced their 31st LaunchPad project, Open Campus (EDU). Typically, projects selected for Launchpad are very carefully chosen, have a lot of potential, and will soon be listed on Binance in the shortest time. Therefore, all eyes are on this project. So, what is EDU coin? What is Open Campus? What makes it special? Should we invest in it? Let’s explore in detail in the content of the article below.

What is Open Campus – EDU coin?

What is EDU coin?

EDU coin (Open Campus) is a protocol that allows the community to build decentralized educational content in the Web3 space. Users can create, own content and extract profits from this platform.

Overall, this is a community-led protocol for educators, content creators, parents, and students. It returns educational decisions to educators and their students by promoting a collaborative environment, allowing teachers to create materials that meet the needs of their students. Moreover, Open Campus recognizes the achievements of teachers and content creators who help students explore new knowledge, opening new revenue sources for effective educators worldwide.

Featured Product of Open Campus – TinyTap

TinyTap is a subsidiary of Animoca Brands, established in 2012. The platform has used the Open Campus protocol to launch educational games and integrate the EDU token into the platform to expand utility for users on both projects.

They have partnered with renowned brands and publishers including Sesame Street, Oxford University Press, and continue to provide high-quality educational content to over 9 million families worldwide.

• Ranked in the Top 10 Apps for Children globally
• Recognized in the field of user-generated content (UGC) education
• Over 250,000 lessons
• Over 100,000 authors

Currently, TinyTap has applications on both Android and iOS:

• Google Play has over 1 million downloads, with 24 thousand reviews averaging 4.7/5 stars.
• App Store has over 10.5 thousand reviews averaging 4.4/5 stars.

For more information, you can visit: web3.tinytap.com. But it has special features you can refer to:

– No-code game creation tool: Anyone can freely create content on the Open Campus platform with minimal barriers to entry and no need for coding.

– Measurable activities: Any game created can incorporate measurements of student outcomes compared to any other student playing that game.

– Publisher NFT: Teachers can sell publisher rights to their content as NFTs.

– NFT management dashboard: Owners can view the Publisher NFTs they have purchased and track relevant metrics (e.g., revenue generated on each course)

*** TinyTap is a free download on Google Play and App Store. However, the app has many features that require payment ranging from $7.99 to $83.99. Currently, TinyTap has not disclosed the total revenue generated on the app, so we cannot provide this information. ***

What Makes Open Campus – EDU Coin Special?

Education is the foundation of personal and societal progress. The current educational system has provided us with a solid foundation for learning and has played a crucial role in shaping the thinking of generations. The emergence of blockchain technology will help us enhance the educational experience, such as providing more access to diverse, high-quality content, fair compensation for educators, and a secure platform for verifying academic achievements. => This is what Open Campus is aiming towards.

The Open Campus ecosystem operates as a creative platform using blockchain technology, with an ecosystem that includes:

• Communities: can use blockchain technology to fund, co-own, and learn from educational content that meets their needs.
• Creators: can launch their content on the protocol by offering advertising rights through Publisher NFTs, where co-publishers can earn revenue based on their contributions.
• Philanthropists: can directly support educational activities and track their contributions online through the Smart Donations system.

In this ecosystem, content creators offer their works on the protocol, providing advertising rights through Publisher NFTs. Co-publishers can acquire these rights and earn revenue proportional to their contributions in promoting and disseminating educational materials.

Some highlights of Open Campus:

• Uses blockchain to encode educational content as NFTs.
• Open Campus has extensive partnerships including various schools and Web3 companies through the Animoca Brands investment fund.
• TinyTap is consistently ranked in the Top 10 highest-earning children’s apps worldwide, with Q1 2022 revenue doubling compared to the previous quarter.
• The two Genesis Publisher NFT auctions have raised 240 ETH through 12 NFTs. According to Open Campus, they are also pioneers in encoding educational content and trading them as NFTs.

Tokenomics of Open Campus (EDU)

• ​​Token Name: Open Campus
• Ticker: EDU
• Blockchain: BNB Chain
• Token Type: Utility
• Total Supply: 1,000,000,000 EDU
• Initial Circulating Supply: 145,000,000 EDU

EDU is the native utility token of the Open Campus (EDU) ecosystem and is used for the following functions:

• As a reward for content creators and publishers.
• For payments to access educational platforms partnered with Open Campus.
• For community governance of Open Campus.
• Users can buy co-publishing rights through Publisher NFTs using EDU.
• Using EDU can encourage Web2 users to transition to Web3.

Additionally, a portion of TinyTap’s revenue will be distributed to the Open Campus Protocol, adding value to EDU.

The EDU token will be allocated as follows:

• Strategic Sale: 13%
• Binance Launchpad Sale: 5%
• Team: 10%
• Advisors: 15.5%
• Operational Expenses: 4%
• Treasury: 10%
• Liquidity: 10%
• Ecosystem Fund: 25%
• Early Contributors: 7.5%

The initial supply of EDU is 145,000,000 EDU (equivalent to 14.5%) as of April 21, 2023. The total supply of EDU is expected to be unlocked over 5 years with the following schedule and allocation:

Investors and Partners of Open Campus (EDU)

The project has raised 6 million USD from a private token sale in 2022, at 6% of the total supply of EDU tokens, with an FDV of ~100 million USD.

Currently, Open Campus has a network of partnerships with 60 private schools worldwide, over 130,000 students across North Africa and the Middle East, and many other partners in the crypto market such as Sandbox, Hooked Protocol, Highstreet, Mocaverse, Animoca Brands, Gems…

• TinyTap: an educational content creation platform for preschoolers by teachers has launched revolutionary Publisher NFTs to offer creators new ways to earn from their content.

• Animoca Brands: A leading company in digital entertainment and blockchain, working to promote digital asset ownership across all pillars of Web3. Animoca Brands supports providing digital property rights to teachers and will bring their network of over 400 investment portfolios to Open Campus.

• Mocaverse: An Animoca Brands NFT technology project aiming to build, create, play, and learn to bring the world closer together. “Mocaverse ‘Learn Realm’” is a community for exchanging knowledge about Web3, and Open Campus will be the first partner activated on this platform. In summary, it’s a project focused on knowledge sharing and community connection through the use of NFT and Web3 technologies.

• Sandbox: A virtual Metaverse where players can build, own, and monetize their gaming experiences, offering a space for players to create virtual worlds and games collaboratively. Open Campus will build a dedicated EduLand in The Sandbox to introduce decentralized education.

• GEMS Education: The largest school network in the MENA region with over 130,000 students studying in over 60 schools. Open Campus will collaborate with GEMS Education to create and launch new Arabic educational programs, with content encoded as Publisher NFTs.

• Hooked: A pioneer in building a role-playing “educational entertainment” network to attract the next billion web3 users. Hooked Protocol will work with Open Campus to address the educational dilemma by allowing social and role-playing learning experiences supported by AI.

• Highstreet: A leader in commerce-focused metaverse aiming to connect physical assets with Web3. Open Campus will create a gateway to integrate educational content from the real world into encoded assets in Highstreet World.

Who is Behind Open Campus?

Currently, Open Campus has not disclosed the identities of its development team on its website, so we only have some information found through social media channels. Some members of the Open Campus team are:

• Founder: Identity not clearly known.
• Core Team: Radio Tom, German Palma,…

However, it seems that Open Campus’s key project is TinyTap. According to Binance Research, they provide information about this team, including:

• Yogev Shelly (Chief Executive Officer)
• Uri Lazar (Chief Technology Officer)
• Nissim Pinto (Chief Operating Officer)

Similar Projects to Open Campus Currently

As of now, in the cryptocurrency field, the project most similar to Open Campus – EDU coin is Hooked Protocol (HOOK).

Hooked Protocol is a project that educates Web2 market users about the Web3 market through WildCash. It was created to connect users with the Web3 world by offering products that allow users to Learn & Earn and complete tasks to earn money.

Meanwhile, Open Campus is a comprehensive educational project connecting educational content developers with those seeking to learn/acquire knowledge. TinyTap is the first application to implement this.

Information Channels of Open Campus

If you want to learn more about this project, you can visit their information channels and social media using the links below:

• Website: https://www.opencampus.xyz/
• Whitepaper: https://open-campus.gitbook.io/open-campus-protocol-whitepaper/
• Twitter: https://twitter.com/opencampus_xyz
• Discord: https://www.opencampus.xyz/assets/discord-white-8d5268ec.svg

Future Roadmap of Open Campus (EDU)

Understanding what EDU coin is and its potential, it is important to look at the operational roadmap. As of April 22, 2023, the project has completed the following items:

• Q4/2022: Open Campus completed a strategic fundraising round, launching Genesis NFT auctions.
• Q1/2023: Official launch of the Open Campus protocol.
• Q2/2023: UAW reached over 30,000, ranking top 5 on the BNB chain ecosystem.

Moving forward, Open Campus will develop according to the following roadmap:

– Q2/2023

• Launch of EDU DAO, allowing token holders to participate in governance functions.
• Release of in-app wallets for protocol partners.
• On-chain revenue sharing
• Leverage EDU (as a credit card) for Web2 customers.

– Q3/2023

• Global market expansion.
• Promotion of partnerships with more entities
• Launch of additional NFTs for content publishers on the platform.

– Q4/2023

• Integration of functionalities within the protocol: minting NFTs.
• First community fundraising by allowing users to pre-buy content.

– Q1/2024

• Launch of the smart donate system.
• Update of the new partners list.

Open Campus (EDU coin) – Is It Worth Investing?

Open Campus, with its EDU token, represents a significant innovation in the field of education, seeking to encode educational content and create a new global education system. With a clear focus on improving access to education and facilitating transactions within the educational ecosystem, many believe that the EDU cryptocurrency is a worthwhile investment for the future. The collaboration with TinyTap, a leader in the educational market, and other educational service providers also applying OPEN CAMPUS, shows the potential of the Open Campus cryptocurrency project to reach real users and the real world is immense.

The launch of Open Campus Coin (EDU) on Binance Launchpad is an opportunity for investors and cryptocurrency enthusiasts to participate in this promising project and support the global education revolution. Looking at the investment returns of projects launched on Binance Launchpad, we can see that projects such as Space ID (ID), Hooked Protocol (HOOK), STEPN (GMT), and Alpine F1® Team Fan Token (ALPINE) all show potential for strong market performance. That said, there is a possibility that the Open Campus (EDU) project will be valued more than 20 – 25 times higher when purchased on Binance Launchpad.

Additionally, the SocialFi sector is one of the hot areas currently and is likely to attract investment in the coming times. Many projects in this area, like Hooked Protocol and Space ID, have been quite successful and have provided impressive returns to many investors. Therefore, we rate this as a very promising project to watch in the coming time.

Each cryptocurrency has its unique characteristics, and when analyzing whether the EDU coin is worth investing in, always stay updated on project information and the general market trend…, to have a rational investment plan. Ultimately, Open Campus (EDU) is still a new cryptocurrency project and requires more time for evaluation. Therefore, if you want to invest in EDU coin, consider a moderate amount of capital, not exceeding 10% of your investment portfolio.