The maximum supply of Tuition Coins over its lifetime is limited to 100 billion tokens. These tokens are native assets on the Cardano blockchain and exist in a preminted state.
Asses name: Tuition Coin
Policy ID: c3675f5d7d013e2c192cdd12d1fe562f4c4f183d321b3a54638b513d
Description: A digital currency for education, and educators | Students and educators will benefit from every Tuition Coin purchased or spent by non-profits, corporations, and individuals. | Created by – Crystal Chain | Maximum supply: 100 Billion
Find more details on Cardanoscan.
60 billion TUITs (60% of total supply) have been reserved for educators only who will be rewarded for engagement, content creation, and any other engagement parameters defined by our partner platforms.
For example, in the case of Coins For College, educators are rewarded for creating assessments and other learning resources. Every piece of content is sent to Crystal Chain and is uploaded and encrypted on the blockchain. Each submission comes along with a content identifier and a reward request. Crystal Chain validates the reward request with the piece of content on the blockchain and if it’s found to be a unique piece of educational content then the reward is released to the educator’s TUIT wallet address stored with Crystal Chain
The following flowchart demonstrates the full flow of assets in the TUIT economy
20% of TUITs are reserved for creators and founders. To protect the strengthen the whole ecosystem of Tuition Coins, Team Reserve is put under a lock-in period of 12 years which is unheard of in the blockchain industry. This makes the community of educators the biggest holder of Tuition Coins and the project can enjoy a democracy of people.
10% of TUITs are reserved to be used by Crystal Chain for the expansion of the Tuition Coin ecosystem. It includes but is not limited to:
A liquidity pool is a smart contract where tokens are locked for the purpose of providing liquidity. 10% of TUITs are reserved to provide liquidity and to facilitate trading and asset exchange on centralized and decentralized crypto exchanges. A strong liquidity pool creates a stable trading environment for asset holders and reduces volatility in the token ecosystem.