WHY BITDEGREE IS SUPERIOR TO ITS ALTERNATIVES
There are many well established companies providing remote learning experience like Coursera, Khan Academy, EdX, CodeCademy, FutureLearn, XuetangX, Udacity and others. These companies run platforms to provide access to content, assess student knowledge, enable student to mentor communication. Each company has its take on how to cover its running expenses, for example: by being supported by consortium of universities, providing paid course or paid assessment, providing company and product branding. By being pioneers in the new field, those companies burned through huge amounts of investments to learn about things that does work together and things that does not fit well. Sadly, after becoming very popular, they become too big to risk introducing radically new ideas to get funded, introducing new forms of training material, or experimenting with new communication patterns. The current success of these companies is staggering and allows to measure the size of market we are about to enter. Top 10 of these companies have in excess of 110 million cumulative registered users with some companies showing revenue in excess of 60M USD.
We are coming late to the market. Coming late to the market allows us to study history and attempts of each company to test ideas, techniques and to create user centric focused workflows. Being small allows us to rapidly test new ideas and ways we respond to the needs of our students, sponsors and contributors. We studied most of well-established remote education providers by enrolling to courses and learned best practices used but also experienced many difficulties. We analyzed availability and price of certification, availability of scholarship, value provided to scholarship sponsors and a level of gamification employed in educational process.
Although gamification techniques are well tested and proven to help motivate consumers in other fields it is still seldom used by existing competitors, who stick to more old style, tried and true academic approaches. We will assemble the current best practices of providing free access to teaching material and augment it with learning process gamification, human mentorship, free and verifiable assessment, financial incentives to students and employer-student matching capabilities. Non of our competitors employs all of these features.
We are not a big threat to existing market players as the education market is expanding wildly and can accommodate additional players. Each player brings exclusive features meant to attract customers, but strategic partnerships are common in the exchange of training material. However, with time we believe our gamification and incentives based model will show its benefits and lead to capturing a significant share of the remote education market.
The market potential of BitDegree
It is easy for everyone to observe the rapid expansion of the remote education and e-learning markets. We believe that with the new incentivized learning model, BitDegree brings the next wave of e-learning adoption, which will spur the growth of the user base. We estimate the user base to double every two years..
By aligning the interests of potential employers and students using the education platform we enter the talent sourcing market as well. There is a growing demand for digital professionals, which in the EU alone is expected to reach 9 million by 2020, while globally this figure is expected to be 3-5 million higher. This huge demand and short supply is the reason why in the US, it costs on average 4000 USD to fill a vacancy.
In fact, we expect a severe shortfall in digital talent around the world by 2020, when according to a Gartner study, 30% of tech jobs will be unfilled, due to digital talent shortfalls
We believe that these trends warrant and confirm BitDegree’s business model and that there is clear demand for our value proposition.
TOKEN LAUNCH
BitDegree will issue an ERC20 compatible token, which will be used to provide incentives to students and contributors of the platform.
The sale of BitDegree tokens will be final and non-refundable. The BitDegree will not be responsible for any loss of BitDegree tokens or situations making it impossible to access BitDegree tokens, which may result from any actions or omissions of the user or nay person undertaking to acquire BitDegree tokens, as well as in case of hacker attacks.
We plan to offer anyone sharing our vision to contribute to the development of BitDegree by buying BitDegree tokens during the Initial Coin Offering event, which will be held on Q4, 2017. BitDegree goal is to raise a minimum of 5 million USD and to stop accepting contributions when 25-30 million USD will be collected. Some of the numbers may change due to ETH/USD exchange rate volatility, but the following numbers are best estimates as of September, 2017.
Maximum financing:
-; 30,000 ETH - may change due to exchange rate changes;
• Minimum financing: 550 ETH - may change due to exchange rate changes;
• Exchange rate: 1 ETH = 10,000 Bitdegree Tokens - may change with ETH exchange rates;
• Token contract address: Will be published only on website bitdegree.org 48hrs before the crowdsale launch date;
• Launch date and time: Date to be announced soon. Block number will be published on website. Dates may be prone to change;
• Token launch time-frame: 30 days.
• Token launch completion: Token launch will end when either the maximum number of ETH is raised or 30 days have passed. If less than the minimum of ETHs are raised, ETH can be retrieved by holders of BitDegree Token;
• Contributors sending ETH to BitDegree Smart Contract address will immediately receive tokens.
Token Distribution
• BitDegree foundation: 66 million (locked for 360 days);
• Scholarships pool: 165 million;
• Token available to public at launch: 336,6 million;;
• Team: 66 million (locked for 720 days);
• Advisors / Partners: 13,2 million (locked for 160 days);
• Bounties : 13,2 million;
• Tokens in total: 660 million.
Scholarships.
Scholarships pool will be used to incentivize users to participate in the BitDegree ecosystem in the early days of its operation. No new tokens will be created once the user growth pool is exhausted.
Budget Allocation
• BitDegree Platform: 30% of budget. The team consists of over 10 engineers [DS8] and MOOC experts fulfilling the key roles in the company – sales, marketing, legal and others. This financing allows the rollout and operations of the BitDegree platform;
• Courses development: 30% of budget.
These funds will be directed at third-party education professionals, offering online courses and
content production;;
• Marketing and business development: 25% of budget.
Marketing will focus on expanding awareness and adoption of the BitDegree platform and the platform solution among users, publishers and advertisers. This also includes the growth and maintenance of the world-wide community. Marketing, growth-hacking, PR, partnerships, affiliate programs and more;;
• Operational: 8% of budget. Consists of BitDegree legal, security, accounting and other associated administration costs;
• Security: 2% of budget. This part of the budget is set-aside for auditing software.
• Reserve: 5% of budget. This part of the budget is set-aside for unforeseen expenditure.
BITDEGREE TEAM
The need for the BitDegree solution was recognized by the team behind Hostinger - one of the top global web hosting providers. Hostinger works to enable millions of people around the globe to unlock the power of Internet by giving them tools to learn, create and grow online. The most popular Hostinger services can be reached online at:
Marketing of BitDegree will start from the existing 29 million user base of Hostinger and 000webhost - loyal, web-passionate, learning and innovation open, worldwide community. Our confidence in BitDegree success comes from more than 10 years of experience in analyzing the needs and challenges faced by the millions of Hostinger customers worldwide.
People behind BitDegree
The team is comprised of multi-skilled professionals that have worked with each other in various capacities and became friends. This joins the project that everyone in the team is highly passionate about. This is the time when everyone dreams big and goes big. Most of the team has already worked together scaling solutions that reached millions of users and stumbled upon the need to educate them, whereas some others have worked on the educational initiatives experience, which can be directly applied to BitDegree.
Andrius Putna, CEO, co-founder
11 years in software engineering. Blockchain advocate. Person behind the success of 000webhost - world’s first and biggest free cloud hosting platform designed for learning, testing and experimenting. Hostinger product architect.
Danielius Stasiulis, CBO, co-founder
Head of Startup Division at Civitta (7 years) - the leading management consulting firm in Eastern Europe. Advised 300+ startups and worked with many startup programs, including Berkeley Skydeck in Silicon Valley. He focuses on ICO and blockchain-based business models.
Ervinas Rimdeika, CLO, co-founder
Ervinas is a FinTech fan and has extensive practice in related fields of corporate, intellectual property and business transaction law questions as well. He worked not only at a few well-known law firms, but also at one of the largest company’s group in Lithuania and Baltic States. In previous years Ervinas Rimdeika was a member of one of the top raising Baltics FinTech startups and reached impressive results, where Lithuanian Supreme Court changed case-law and formed new interpretation rules on financial lease and other matters. Clients and colleagues especially value Ervinas Rimdeika for deep
legal knowledge, critical and strategic thinking, in-depth analysis of the problems as well as rational approach.
Rio Asatiani, CMO, co-founder
With more than 14 years of experience in effective customer acquisition, working with new brands and startup launches, Rio is a growth-hacking guru & Google Certified Partner who led 000webhost and Hostinger to an international success in more than 40 countries by attracting 29+ millions of new users. He joined the BitDegree project having a strong vision in innovative acquisition channels and solid experience in growth-hacking. Rio ensures the success of BitDegree on an international level.
Darius Rugevičius, Partner in Prime Block Capital Investment Fund
Darius is experienced in building successful technology based businesses, having sold two of his previous start-ups inthepast 4 years alone. Usinghis skills toimplement effectivemarketing strategies, propel execution, and meet deadlines, he has assisted companies operating in the blockchain, fintech, robotics and biotech sectors. In the past year Darius has worked with numerous blockchain projects, helping them to develop successful strategies, networking, and outcomes.
Advisors
Jeff Burton, Serial Entrepreneur, co-founder of Electronic Arts
Global technology executive, keynote speaker, and a Silicon Valley veteran, Jeff was a founding team member of Electronic Arts, where he oversaw the global expansion of its operations. Jeff has high-level connections in Silicon Valley and around the world that he is using to help startups like BitDegree. Jeff developed U C Berkeley’s Skydeck startup accelerator and is currently involved in helping startups around the world to grow and scale into the Silicon Valley. Jeff is an experienced, dedicated contributor who believes in BitDegree and wants to help.
Roberto Santana,
Product and Strategy Advisor, Former Senior Manager at Coursera Entrepreneur and Former Product Management Growth Lead at Coursera. Roberto played a role in helping Coursera scale to a global level and acquire over 27 million learners worldwide. Roberto is Stanford MBA with 3 engineering degrees in computer science and design. His exceptional engineering and technical knowledge has led him to scale several startups by managing the project and business development, including San Francisco-based Zendesk, where he helped grow number of paying customers by 60%. Prior to his work in the Valley, Roberto was a Senior Engineer with Shell, where he led cross-functional team responsible for the delivery of products that accounted for $400M in refinery revenues
Maurice De Hond, Steve JobsSchool Founder, Personalized Learning Advisor
A successful entrepreneur and founder of Steve JobsSchool - a modern elementary school concept designed to see each child as an individual and nurture him based on his strengths and interests. This learning model quickly became successful and is already adopted in more than 35 schools in the Netherlands. Being the pioneer of innovative learning ensures the implementation of modern educational solutions on the Bitdegree platform on the long term that will establish a solid foundation for IT passionate people to reach their full potential.
James K. Scarborough, Stanford University PhD., Gamification Advisor
Currently a candidate for PhD. at Stanford University, James main focus is to deeply engage players for the purpose of increasing workplace, classroom, and similar forms of individual and teambased productivity. He is currently involved in projects assessing the effects of real social interaction in virtual spaces concerning primarily energy efficiency behaviors, gender and culture specific responses, and the physiological impact of social interactions in goal-oriented game environments. Having a profound experience in gamification and working with companies that created such games as Tetris, Civilization, Falcon Flight Simulator, led him to joining the BitDegree team and assures a deeply engaging environment of the platform on the long term.
Arnas Stuopelis, COO, co-founder
Arnas is the CEO of Hostinger. Prior to taking the role of the CEO, for 6 years Arnas was responsible for business development at Hostinger. He successfully expanded Hostinger on a global level as well as played an important role when creating one of the most successful web hosting brands in Indonesia - Niagahoster.co.id. With his profound entrepreneurship skills and a solid experience in business development, Arnas knows how to scale a project to global success..
Ričardas Pocius, Technical advisor
Ricardas is a passionate distributed systems engineer who enjoys sharing his experience and knowledge with others. Determined to keep magic out of the systems. Organizer of Erlang workshop/ meetup in Vilnius,LT.
more information can see link below:
Username: Bitcoinissatan
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=905011
ETH Address :
0x9D7C69Ba1C7C72326186127f48AF6D61Ff95496D
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