The ODEM project aims to establish a superior education platform, disruption the current, flawed education system. A pressing issue in the education system today is the extremely high tuition costs, which forces students to take on vast amounts of debt, just to have access to the needed education. Some student graduates haven’t even paid off their student loans by the age of 40, and the most senseless part of these high costs is that they are still growing to this day. The team behind ODEM noticed this problem which causes favors families with preexisting funds and has now made it their mission to change this. To do this, they are creating the ODEM platform, a decentralized education marketplace, where students, educators & professionals can come together in a peer-to-peer environment. This will not only give students a more personalized education but also allow for new skills to be learned, whenever needed, as employers seek different sort of talent all the time. Another distinct advantage is lower education costs as prices won’t be decided by big institutions, they will be selected peer-to-peer, and no middleman will take all the profits. The ODEM platform will be built using smart contracts on the Ethereum blockchain & use their own ERC20 token, ODEM token, as a payment medium when buying or selling services on the platform.
With an open education marketplace like ODEM is, students can receive education on demand. What this means, is affordable, personalized, relevant to current occupation, flexible regarding time & location, education. This is a very different approach to the higher education system compared to the current traditional way. ODEM has a variety of benefits for students, but does it also benefit educators & professionals? Yes, by providing services directly to the recipient, verified educators on the ODEM platform can enjoy higher profit margins as there is no middle-man which takes all profit paid by students, payments are now made directly with ODEM tokens through the ODEM platform. Besides from that, educators can also utilize the increased flexibility the job now offers. To make the entire paying/receiving payment experience more user-friendly, a built-in wallet will be available on the ODEM platform. Another great feature is the removal of applications, which is a lot of hassle. When students complete a course through the ODEM platform, a certificate proving this will be stored on the public blockchain. Not only will this be a more trusted and transparent solution as data on the blockchain can’t be changed, but educators will also be able to build up their reputation for increased future business as anyone can verify these certificates and the educators behind the courses which caused a student to receive it. A beta version of the ODEM platform has already been created, you can sign up to be a beta-tester here.
Some say education and the ability to share knowledge is the greatest invention of mankind. Whether true or not, education has been a fundamental pillar of modern humanity for ages now. There is a tremendous market for education, in present time, education is a multi-trillion dollar market, and has been growing ever since it was invented. But at the moment, there are many aspects of the education system that aren’t optimal for students, tuition costs are skyrocketing as institutions are continually inflating the price. A newly revamped system with a focus on better educational opportunities for everyone, not just those who already are wealthy, is much needed. This is precisely what ODEM is aiming to become by creating a whole new approach to how education is acquired.
To fund their project, ODEM is raising funds through an initial coin offering (ICO), selling their ERC20 token ODEM. This token will act as a medium of exchange on the ODEM platform.
The Sale started the 17th of February
The Sale ends the 18th of March
1 ODEM = 0.0375 EUR (Pre Sale)
1 ODEM = 0.05 EUR (Main Sale)
- Total supply is 396.969.697 ODEM tokens
- A maximum 238.200.000 ODEM will be available for purchase during the token sale
- Hard cap is 12.000.000 EUR
The following is the distribution of tokens & allocation of funds raised through this ICO.
A plan for what and when they need to accomplish the next goal has already been set, with an expectancy of ODEM 1.0, their main product, release by September 2018.
The ODEM project has a very extensive team consisting of a wide variety of individuals with experience in everything from Silicon Valley FinTech, software development, innovation, financial management & much more. Here are just some of the members of the team
We highly recommend to check out the entire team and their advisors on their website: https://odem.io/ or in their whitepaper here: https://odem.io/docs/whitepaper/ODEM.IO-Whitepaper.pdf
A video has been prepared by the team, going over their vision of this project.
If you find this project interesting and wish to learn more about it or their token sale, you can check out the following links below & keep yourself up to date on the project by following their social media accounts.
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