Extra Credit is an online learning podium where users/people can learn about bitcoin and blockchain technologies. The goal is to educate and inform more people on how cryptocurrencies work, then reward them with a cryptocurrency called XTRA for finishing each course.
Today, companies around the world are struggling to find enough experts in block-chains. This problem may be due to the fact that blockchain is brand new and that several schools specialize in blockchain technology. The area is growing and changing almost daily, and the company is struggling to find competent experts.
Extra credit wants to solve this problem by offering a platform where novice users can get more information about the industry. Let’s look carefully at how to make an extra credit works.
How Does Extra Credit Work?
Extra credit offers a platform where users can learn more about bitcoin and blockchain technologies. The platform encourages learning by giving students the opportunity to earn XTRA points when they finish the class or perform well in the competition. Contributors can also make money by offering modules that students can follow.
Investors can invest in Extra credits to earn more revenue. Investors can earn money with courier/commission fees, such as paid promotions and paid sponsorship. Users can also make money by pointing people to the platform through the affiliate program.
The two main elements of the additional credit are additional point marks (XTRA) and BitcoinHomework.
XTRA tokens encourage platform participation, while BitcoinHomework is a learning portal for people of all levels of experience in the cryptocurrency industry. BitocinHomework is a center/hub for sharing ideas and learning about various aspects of the crypto industry.
Generally, Extra credit’s platform consists of subscriptions to free and paid online courses, as well as open and active discussions between various communities. Users can take part in courses or participate in discussion forums, with the general purpose of extending knowledge through the crpto industry. When a student registers for a course, they will enter into a clever contract. This clever contract offers XTRA tokens at the end of the course. This gives students extra motivation to generate revenue.
What Problems Does Extra Credit Seek to Solve?
There’s already a hiring crunch in the blockchain world. Many companies – including those inside the blockchain industry and those outside – are struggling to hire competent individuals for blockchain-related positions. Establishments like Deloitte, PwC, and KMPG are managing to find personnel who can work in this area of expertise. They have slots for thousands of experts worldwide, but they can’t find enough qualified individuals.
Meanwhile, individuals struggle to become qualified experts in blockchain technology. There are no official blockchain schools, and only a small number of institution that offer blockchain courses or degrees. Colleges are finding it to create educational programs in a field that’s changing on a day-to-day basis.
Who’s Behind Extra Credit?
Extra Credit was created by CEO G. Curtis, defined by the whitepaper as “a idealistic in the world of blockchain development.” G. Curtis is sustained by a squad of blockchain engineers and specialists.
The team was formed in 2017. A website was launched later in the year, with a pre-ICO and ICO taking place throughout December and January.
The Extra Credit XTRA Token Sale
The Extra Credit coin token sale for XTRA tokens began with a pre-ICO on December 1, 2017 monitored by a general ICO in Q1 2018.
XTRA tokens are ERC20 tokens built on the Ethereum blockchain. The tokens have a fixed price of $0.10 throughout the ICO.
Of the total supply of tokens, 300 million are reserved for the public ICO (50% of the total supply), with the remaining tokens reserved for the pre-sale (100 million or 16.7% of the total supply), the Extra Credit team (150 million or 25%), bug bounties and promotions (5 million or 0.8%), pre-sale bonuses (20 million or 3.3%), and an ICO referral program (5 million or 4.2%). There’s a total supply of 600 million tokens.
Extra Credit XTRA Conclusion
Extra Credit claims to be the world’s first educational cryptocurrency. The platform will offer a variety of free and paid courses, including courses offered by sponsors. Students enter into a smart contract when they sign up for a course, then receive payment in XTRA tokens at the completion of the course.