The wiki token is essential to the ecosystem of Crypto University – BitcoinWiki.org's unbiased, propaganda-free educational project.
BitcoinWiki.org announces the first ever Crypto University: an academy for the digital world. Students will access updated, reliable information about Bitcoin technology, blockchain, economy, world affairs, and more. Crypto University challenges traditional education, offering independent, free and impartial knowledge.
Crypto University is a decentralized, no-nonsense knowledge project; a response to the problems of both modern universities and mainstream media outlets. Politically biased and slow to catch up with technological innovations, traditional educational establishments are letting communities down. On the other hand, old and new media sources have been known to fail readers as well, either censoring information, or featuring manipulated or outdated stories.
So how does Crypto University? The project is a cycle: users get tokens, use them to receive a crypto education, create their own courses, and receive more tokens in return. When users enroll in courses they are students; when they design courses they are professors.
Students and professors interact in the three layers that make up Crypto University:
The place where courses are taught. Some courses have free enrollment. In other cases, student will exchange tokens for each hour of the course. These tokens will (after deducting a small fee) go to the professor.
A WIKI library
This is BitcoinWiki.org, the knowledge base of the university, where users find articles and discussion.
The faculty is made up of the professors who design courses in exchange for wiki tokens.
With the incentive of receiving tokens, users are encouraged to write articles on crypto topics for the library, create classes for the campus, and partake in any activity that involves sharing knowledge with the community. Active students are eligible for a scholarship.
All courses pass through a crowd sourced verification procedure to ensure they are top level programs, contain accurate and updated information, and do not stray off crypto topics.
The wiki token is an Ethereum-based, ERC-20 compatible token, which makes it easy to hold. The circulation of wiki tokens is the glue that brings all 3 layers of the Crypto University together.
The ecosystem works like this: users participate in the WIKI project; they read articles, study topics, and share their experiences. These activities will allow them to get their first wiki tokens. The tokens can be exchanged for enrollment in courses. Users will also be able to build their own courses. All the content will be proofread and strictly fact-checked before publishing, to ensure accuracy and objectivity of the information. The course authors will receive wiki tokens for their effort.
21,000,000 wiki tokens will be released, 35% of which will be on offering. 10% will be reserved for the project team by a smart contract. Another 35% will be distributed to authors of successful courses, and the remaining 20% will be available for students contributing to the WIKI library (BitcoinWiki.org).