The Education Ecosystem is powered by Education tokens (LEDU). These tokens are used for all transactions on the LiveEdu platform – the first for the Education Ecosystem. Tokens minted following their crowdsale were allocated for different purposes, as explained in this article. However, due to a change in the original plan for sourcing of tokens to use on the LiveEdu platform, on July 31st 2018, 30 million Education tokens will be burnt.
Tokens for subscribers on the LiveEdu platform will now be sourced from exchanges instead of from the subscription pool. Consequently, a portion of the subscription pool tokens will be burned. In addition, a portion of the tokens originally allocated for API Ecosystem Developers and Supporters (Quality Assurance & Moderation) will also be burned and sourced from exchanges if further tokens are required.
Education Ecosystem recently opened a new office in Kiev and will soon be opening another in Santa Monica. They are in the process of hiring 3 new engineers who will be joining the team at the engineering office in Kiev.
In 2019, they will also be opening a China office as they continue expansion into the Asia Pacific region. With three offices in areas where the majority of their users are located, they will be able to provide more value to the ecosystem and achieve their goal of becoming the world’s largest project learning platform, decentralized on the blockchain.
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