Open Campus (EDU), which was recently pre-sold on Binance Launchpad, sold out within hours and yielded 30x returns. Here is what you need to know about the altcoin project and the situation in terms of price:
Binance-backed altcoin peaks in its first hours
Binance, the world’s largest cryptocurrency exchange, started trading Open Campus (EDU) on April 28. EDU is currently traded on Binance. The altcoin was initially listed on the pairs EDU/BTC, EDU/USDT, EDU/TUST, and EDU/BNB. cryptocoin.comAs we have reported, TRY transactions started with an official announcement today.
The EDU then saw a slight correction around 5%. Shortly after it had been driven since April 28, it had risen nearly 30 times to peak at $1,6841. It should be noted that the altcoin exited the market at roughly $1.01. Early traders who had the opportunity to buy at $0.05 are currently guaranteed a huge profit.
Meanwhile, to fund the project, the Open Campus team raised $2.5 million through the EDU token sale on Binance Launchpad. In total, 50 million EDU tokens went on sale through Binance Launchpad, which corresponds to 5% of the token supply.
What you need to know about Open Campus (EDU)
Open Campus creates a system that rewards quality and innovative educational content, especially using Blockchain technology. This system aims to empower individuals and provide a more diverse, accessible and dynamic learning experience.
Educational content uses NFTs for digital rights and participation. In this way, users in the category of teachers can access new funding sources through their training content. They may also have a large community involved in decentralized education. Co-publishing sales provide new partnerships for authors.
1/ $EDU is now listed on @Binance! Thank you for believing in the Open Campus Protocol and your active engagement. We definitely would not have come this far without the support from our beloved community ❤ pic.twitter.com/ajlMpNJ3Jx
— Open Campus (@opencampus_xyz) April 28, 2023
Educational content created on the platform will be created independently in a decentralized structure. The decentralized application allows users to work independently to create, edit and consume educational content that suits them.
When a user provides their certificates and qualifications, the platform creates an immutable record using Blockchain to verify documents. On the platform, creators can share their content on the distribution channels provided. This opens up partnership opportunities for content creators and the platform ensures their ownership is protected.
Open Campus partnerships
TinyTap was one of the early adopters of Open Campus. It plans to use it to develop a decentralized education curriculum that will contribute to the growth of the Open Campus Protocol ecosystem. Integrating the EDU token into the TinyTap platform was a big step in the development of the protocol. In particular, this demonstrates the potential of Blockchain technology to revolutionize education.
Gabi Kalaf, a @TinyTapAB teacher and one of the first teachers who sold their content as a #PublisherNFT, an @opencampus_xyz first adopter, calling to all teachers to celebrate education with OpenCampus! pic.twitter.com/rH16mBNRHy
— TinyTap (@TinyTapAB) April 29, 2023
Open Campus was the 31st project listed by Binance Launchpad. Started selling on Binance Launchpad with 50,000,000 EDU allocated to Binance Launchpad
