Edustars Tokens $100 Mn ICO Opens In April
This will be an unique ICO as it will be the world’s first ICO which will be financed through a financial institution, though the details of this institution is not yet made available, but according to the sources the financing will be available at an interest rate of mere 0.75% per annum.
Edustars is also believed to provide buy back for the tokens if the price falls 25% below the offer price within two years. The details will be more clear once the whitepaper is made public.
According to the sources, the management has sourced close to 500 courses from the global publishers and is under the process of acquiring more courses.
Edustars as a part of its business strategy will provide tokens to the course providers and to the students who will undertake the courses.
“Rewarding people who develop courses is one thing, but imagine a student being awarded for studying,” said Rahul Kumar, co-founder of Edustars tokens.
Just minutes after the information, Edustars tokens surged 76.10% to $10.33. The lighter version of the token called Edustars Lite almost doubled to touch $0.55. The data is from the crypto exchange of OTC Premarkets. On an consolidated basis, Edustars market cap is now close to $4 bn.
Edustars will also begin its free airdrop of tokens in March where it will distribute free tokens to 10 million eligible students who will use the tokens to buy courses on the platform. The airdrop will be completely free for the students. Both Edustars and Edustars Lite tokens will be distributed under the airdrop program.
Edustars has identified India as its biggest market for the airdrop and is looking for the celebrity endorsement. Vijendra Singh Beniwal, the middleweight boxing champion is approached for the endorsement.
Edustars is the blockchain-powered online education platform with token scholarships & tech talent acquisition.
The Edustars platform offers students the best online courses with a clear and transparent blockchain based reward system and achievement tracking. It is also a unique tool for businesses to recruit tech talent and shape global education to their needs.
Edustars Data Limited
Press Contact: Helena Nicolas
Address: Tornimäe 5, 2nd Floor, 10145 Tallinn, Estonia
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