We take safety seriously
We have protocols in place to
protect children
Blockchain, cryptocurrency and NFTs are new emerging Web 3.0 technologies. We take safety very seriously, and as such, we have implemented a series of protocols designed to protect children in the world of cryptocurrency while allowing them to learn the fundamentals of blockchain and cryptocurrency. Our Learn to Earn programme offers children a gateway to experience this technology and understand its fundamentals in a safe, controlled environment.
Coins have no monetary value
The coins have no monetary value and cannot be traded. Our coins are a cryptocurrency like the popular Bitcoin. They are minted on the Polygon sidechain platform of Ethereum, and they function like any other cryptocurrency. This means using and handling the coin is no different to traditional crypto coins like Bitcoin. ​However, to shield our users away from the financial risk of cryptocurrency, i.e. the fluctuation of the value of the coin, we have removed the coin's liquidity. The coin has no monetary value as it cannot be traded or converted to fiat money. ​ In addition, we have centralised the coin for added security in that all transactions pass through our centrally controlled servers before entry into the public blockchain.
NFT monetary trading is locked
Students cannot trade their NFTs for monetary gain until they graduate from school. The Learn to Earn programme actively encourages students to buy NFTs from the NFT shop by using their earned coins. Students can trade NFTs with their friends, but the platform uses a smart contract to prevent students from selling their NFTs for monetary gains until a date after the student has graduated from school. Upon reaching this date, the students will be in full control of the NFTs. This means they can do whatever they like with them, including trading them on third-party platforms like OpenSea for monetary gain.
Wallet security
Wallets are secured, backed up and recoverable. Crypto wallets come with two keys, a public and a private key, both of which are essential while doing different, complementary jobs. The public key is like the mailing address of your wallet. If someone wishes to send a coin to your wallet, they will need this mailing address (public key). The private key is the key that unlocks your crypto wallet. In using the same analogy, your private key is like the key to unlocking your mailbox. This means anyone who holds your private key will have access to the entire contents of your wallet. The difference between the analogy and real life is that you can break into your mailbox and install a new lock and key if you lose your key. In crypto, if you lose your private key, then you will never be able to recover it. Â To prevent students from losing their private key and permanently losing access to their crypto wallet with their earned coins and NFTs, users will create their wallets on our platform. This allows us to help the user to regain access to their wallet in the event of forgetting their private key. Upon graduation, students will be free to transfer the contents of their wallets to their wallet of choice.
Credentials
Credentials are securely written on the blockchain. They are immutable, irreversible and public verifiable. Credentials are a significant value proposition for students because they add to their professional LinkedIn profile when they start their working career, thus making their profile more competitive and attractive to prospective employers, especially as fresh graduates. Credentials are informal, non-accredited certificates, awards or recognitions issued by schools. For the credentials on our platform to have value, they must be credible and trustworthy. Traditionally schools will issue informal credentials to students, such as a merit card for outstanding achievements or a badge to signify that the holder was a member of the school's sports team. Collectively, we call these credentials. These credentials are awarded by the teacher or school directly to the students' wallets in the form of NFTs. Each transaction is completed peer to peer and recorded into the blockchain, thus ensuring authenticity, credibility and trustworthiness.
NFT Content moderation
Schools approve all NFTs before being listed on the NFT shop to ensure the content is safe. Since students will be involved in creating NFT digital artworks for the NFT shop, this artwork is approved by the school before being listed on the NFT shop. This ensures the content complies with each school's policy on safe content.