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BitDegree (BDG)

ICO

The blockchain-powered online education platform with token scholarships & tech talent acquisition.

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Overview

Project industryEducation
Product typePlatform
FoundedLithuania

Technical details

BitDegree will revolutionize education by creating a new token that can be exchanged among the users of the platform: Students, Sponsors, and third parties.

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What is BitDegree

BitDegree is world’s first blockchain-powered, smart-incentives based online education platform which will revolutionize global education and tech recruiting. The main purpose of the BitDegree platform is to let Students acquire skills that are currently required by the labor market. The way to do it is not to ask business what skills they need in the far future (3-5 years), but to respond to explicitly expressed skilled labor demand quickly. BitDegree will directly align the incentives of students and anyone who wants them to become knowledge workers in digital economy - like current or potential employers, digital service providers and sponsors. Smart-incentive is a smart contract on Ethereum network ensuring the exchange of tokens between a sponsor (the Incentive Creator) and a student (the Incentive Taker), who is committing to study a specific subject in order to receive tokens (the Incentive).

The BitDegree platform will offer students online courses with a clear and transparent blockchain-based reward system and achievement tracking. Our use case for blockchain is not sensitive to prolonged waiting periods before transactions are committed, thus, overall platform overhead (as in expenses) of using Ethereum network for transactional and immutable data storage needs, will be low. To make the learning process as exciting as playing Minecraft we will use Octalysis framework of gamification design.

We see BitDegree as a unique tool for business to recruit tech talent and shape global education to its needs through smart-incentives. National government Job centers will be able to track the demand of skills without having to involve scrupulous report gatherings from businesses and also help jobless citizens by subsidising studies for skills on high demand. Think about it as Coursera and HackerRank merged together, powered by blockchain technology. The main benefit of BitDegree platform to incentive providers is the possibility to initiate and maintain dialogue with upcoming talent and reward them for achievements through smart-incentives. Smart-incentives on the BitDegree platform will range from small to large and be location and topic targeted. From the student’s perspective, it means getting paid to learn new skills based on local demand, which not only incentivizes but can actually be a viable escape from unskilled work.

We are proposing a digital incentivized studying platform as a new tool to grow the global tech talent pool. Companies in need oftech talent will provide financial incentives to students willing to participate in training courses and to develop their skills. Companies seeking to get people familiar with newly introduced technology or services, will provide financial incentives to students willing to spend time to learn and to try the company’s offerings. By providing incentives, any company explicitly signals the demand for certain qualifications, or informs about knowledge and skills needed to effectively use newly introduced technology/products/services. People looking for new opportunities will learn new technologies, develop practical skills in demand, and get familiar with existing technological solutions provided by solution providers.

Job seekers will enroll to subsidized courses to get more knowledge and to develop skills within selected technology topic. The course materials and learning process will be made interactive and in a highly engaging way by following field-proven gamification methods. Students will be able to communicate with other students and course mentors, to pose questions, and seek for more detailed explanations. All course material and progress assessment will be divided to small chunks in order to enable short-term effort in the reward cycle. In addition to subsidized course material, each student showing learning progress will be rewarded with platform Tokens.

Companies providing incentives will be able to get in touch with students enrolled in subsidized courses, and possibly offer employment positions for good performers. Companies, offering to accept Tokens for services, will allow students to deepen newly acquired skills, while using commercial services offerings. Students will also be able to exchange Tokens on exchange platforms. The BitDegree platform will register progress of each student, and will provide ways the students can prove they overcome the challenge of developing and applying skills to solve problems. BitDegree will rely on Ethereum platform to enable incentives scheme and to store transparent record of all achievements made by students.

Details

Public sales: Dec 01, 2017 - Dec 29, 2017
Token supply: 660,000,000 BDG
Total tokens for sale: 336,600,000 BDG
Soft cap: 16,000 ETH
Hard cap: 30,000 ETH
Raised: 22,127,834 USD

Legal

Blockchain Platform: Ethereum
Country limitations: United States
Registration country: Lithuania
Office address: Veiverių g. 139 Kaunas, Lithuania

Bounty

Bounty: 2%
Translation: 13%

Token info

Ticker: BDG
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 BDG = 0.043478 USD
Token price in ETH: 1 BDG = 0.000100 ETH
Accepted currencies: ETH
Bonus program:
1 week - up to 15%
Token distribution:
51% - Tokens for public
25% - Scholarships
10% - BitDegree Foundation
10% - Team
2% - Advisors / Partners
2% - Bounties
Funds allocation:
30% - BitDegree Platform
30% - Courses development
25% - Marketing and business development
8% - Operational
2% - Security
5% - Reserve

BitDegree Roadmap

1
2007-2016 ROADMAP 29M+ user base

Reached 29 million users on 000webhost - free web development learning platform, and Hostinger - web hosting services. Biggest part of users are young tech-savvy with deep will to learn, build and grow. Users love us as an online learning platform already.

2
2017 Q1/Q2 Web fundamentals

Summary of 500+ articles about web coding fundamentals was prepared. Polishing of the business strategy. Approaching first business partners. Consulting with numerous universities and blockchain companies to develop first courses.

3
2017 Q3/Q4 BitDegree ICO

Period of building Ethereum Smart Contract for upcoming BitDegree ICO event. An ERC20 token, auditing SM code. Development of MOOC Educational expertise partnerships. Marketing. BitDegree Token Crowdsale & Distribution Event.

4
2018 Q1 Best online IT Learning Courses

Launching the first Blockchain course material. Hire field experts to manage project expansion. Source the best tutors. Blockchain identity registry research and implementation. Onboard 3rd party providers. Course material repository and structure generalization.Launch first 100 courses with world’s best online learning experience.

5
2018 Q2/Q3 Hype on Student sector

Continue Blockchain knowledge improvement. First token scholarship issued. First partners accept token in BitDegree ecosystem. Start full-stack marketing activities, oriented on student engagement with strong influencers community & Alumni partnerships. Achievement and gamification tracking for students. Tools enabling verification of study effort. Study area and student achievements viewer. Smart incentives contract implementation. Mobile platform development. Students as mentors. 3rd party content. 3rd party assessors

6
2018 Q4 Business Platform launch

Developed & launched platform for Sponsors. Business development towards strong sponsorships with emphasis development of courses with a focus on skills in-demand. Creating sourcing pool for talent. Course material index. Sponsorship area. Course chunks mapping and career paths building area.

7
Future

3rd party integrations. Digital Service Provider SDK Development. Building SDK for a third party Digital Service Providers to integrate Bitdegree Tokens as a mean of value exchange into market cycle. At this point in time blockchain technologies are already widely adopted. Tools for token integration into 3rd parties is already present. BitDegree for Business. BitDegree Jobs. BitDegree Certification. BitDegree Decentralized Diploma. BitDegree education AI assistant. Decentralized diploma viewer. BitDegree training. BitDegree young talent aquisition. BitDegree Braille (blind education). BitDegree for Third World countries.

Project team

Andrius Putna
Andrius Putna
Co-founder, CEO
Andrius Putna linkedin
Balys Krikščiūnas
Balys Krikščiūnas
Head of Engineering
Balys Krikščiūnas linkedin
Antanas Patašius
Antanas Patašius
CTO
Antanas Patašius linkedin
Donatas Abraitis
Donatas Abraitis
Lead Systems Engineer
Donatas Abraitis linkedin
Martynas Andriuškevičius
Martynas Andriuškevičius
Smart Contract Developer
Martynas Andriuškevičius linkedin
Ervinas Rimdeika
Ervinas Rimdeika
Legal
Ervinas Rimdeika linkedin
Rio Asatiani
Rio Asatiani
CMO
Rio Asatiani linkedin
Danielius Stasiulis
Danielius Stasiulis
Co-founder, CBDO (BizDev)
Danielius Stasiulis linkedin
Edgaras Lukosevicius
Edgaras Lukosevicius
IT Architect
Edgaras Lukosevicius linkedin
Aurimas Lapienė
Aurimas Lapienė
Systems Engineer
Aurimas Lapienė linkedin
Julija Sabaliauskaitė
Julija Sabaliauskaitė
Business Assistant
Šarūnė Šaulytė
Šarūnė Šaulytė
Marketing Assistant
Dovilė Tarutytė
Dovilė Tarutytė
Product Designer
Skirmantas Juraška
Skirmantas Juraška
Systems Architect - DevOps
Skirmantas Juraška linkedin

Advisors

Jeff Burton
Jeff Burton
Major Advisor, Serial Entrepreneur, co-founder of EA
Jeff Burton linkedin
Roberto Santana
Roberto Santana
Product and Strategy Advisor, Product Management Lead at Coursera
Roberto Santana linkedin
Maurice De Hond
Maurice De Hond
Steve JobsSchool Founder, Personalized Learning Advisor
Maurice De Hond linkedin
James K. Scarborough
James K. Scarborough
Stanford University PhD. Candidate, Gamification Advisor
Oleg Belousov
Oleg Belousov
Crypto-economy advisor, founder of Nexchange.io
Oleg Belousov linkedin
Arnas Stuopelis
Arnas Stuopelis
Co-founder in advisory capacity CEO - Hostinger
Arnas Stuopelis linkedin
Ričardas Pocius
Ričardas Pocius
Technical advisor, Mysterium Network
Ričardas Pocius linkedin

Social media

BitDegree web-siteBitDegree RedditBitDegree MediumBitDegreeYouTubeBitDegree TelegramBitDegree InstagramBitDegree BTCTalkBitDegree TwitterBitDegree FacebookBitDegree SlackBitDegree Github

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