MIC‘s ecosystem presents new opportunities for online education
By: Mic Online Education Platform
Tags: Education, Ethereum, Online, Cryptocurrency, Bitcoin

In recent times, the price of Bitcoin has repeatedly set new historical highs, and blockchain technology has become the hottest topic nowadays. Similarly, blockchain has also become the core direction of future technological and social development due to its unique technical characteristics. If you want to understand the blockchain, you can’t just analyze the rise and fall of Bitcoin, but more importantly, consider the technical form and the underlying logic. As the carrier of the Internet of Value, “Token” is particularly important as the core part of blockchain technology.

“Token” is the value carrier of all blockchain platforms, and the famous Bitcoin is also one of them. What is the difference between the value carrier of the blockchain platform and the ordinary value carrier attribute? Today we use the world-renowned MIC online education platform to analyze the difference between “MIC Token” and ordinary value carriers.

MIC Token ecosystem

The MIC platform is constructed using blockchain + education ecosystem to provide convenience and protection for online education content sharing and services. In order to create a universal payment platform for online education systems, relying on blockchain technology to issue “MIC Token”, the platform will build it into the world’s first digitally encrypted currency designed for online education consumption.

Through the educational service attributes of the MIC platform, the core functions of “MIC Token” will include online education tuition payment, online and offline transaction payment, publishing fee settlement, live broadcast rewards, audio and video sharing rewards and other functions. On the basis of peer-to-peer network technology, “MIC Token” will provide education services based on blockchain and smart contracts to pay knowledge copyright fees, encourage online education content creators to share teaching products and technologies, and monitor and evaluate online education and other functions.

The MIC platform continuously optimizes their services by motivating teaching service providers, distributors and supporters. The ultimate goal is to develop the entire community into a high-quality global education community. On this platform, we will establish an incentive-based value system for a brand-new company through the efforts of different participants such as content providers, consumers, distributors and supporters. Of course, applications are not limited to education but can be any type of content sharing.

MIC Token issuance and distribution

The total issuance of “MIC Token” is 1 billion, and it is guaranteed that no more will ever be issued. Of these 1 billion MIC tokens, 30% is reserved for POV mining, 30% is reserved for POE mining, 20% is used for MIC ecosystem development, 10% is used for foundation maintenance, and 10% is sold to public and private investors

The circulation of MIC on the blockchain can be hundreds of thousands of times faster than the other forms of value carriers such as cards, coupons, points, and tickets, and due to the application of cryptography, this kind of circulation and transactions are extremely reliable, and disputes and frictions will be reduced to nearly zero.

Due to the high-speed circulation and trading of the token, the price of MIC will perform well in the secondary market. This is also the biggest advantage of the token economy. It is hundreds of times more sensitive and precise than today’s market price signals. At the same time, hundreds of smart contract applications will be generated in the MIC ecosystem, including decentralized applications (DAPP) in the blockchain education field that will use MIC as an incentive.

By building on the relatively mature and iterative Ethereum network, the MIC platform will support hundreds of thousands of educational project management, content production and sales applications, and will gradually develop and extend applications in peripheral industries in the future. As the world’s first blockchain online education project, MIC will help promote the reform of the education system and accelerate the evolution of the education system.