Whitepaper Summary BDG

It can be seen as Udemy but with additional features. Companies, Experts or private “Teachers” can create courses with content. Students get paid by learning / taking those courses. Goal of the whole project is among others to teach people certain skills which are needed RIGHT NOW without wasting time and money on our outdated educational system. For this reason companies can create specific courses with specific criteria for potential students to enroll in i.e. New York – Basic knowledge in HTML etc. Students which meet those criteria can enrol in those classes and get paid to finish them. To ensure that they don’t goof around, BitDegree will include a Proof of Study. This is basically verification for all courses hosted on the platform and includes mechanisms like tests, problem solving, creative assignments and others.

To ensure a pleasing learning experience BitDegree aims to restructure the basics of how we learn. As studies suggested (which are listed in the WP), people tend to remember 4x more when learning subjects through gamification than through reading itself. Doing it this way will motivate students to use the platform even more due to additional payments of BDG tokens when completing courses, while becoming a skilled professional company desperately search for. A use of the platform can ensure people are learning up-to-date material taught directly by companies or experts which furthermore can directly lead to a job position in their area of interest. The main economic fuel will be Sponsors, which are those in search of new talent. Those sponsors will pay a certain amount of money in BDG Tokens available for their course, which will be spent on participants which take the course and successfully finish it.

“Corporate and private employers, HR companies, government and nongovernment organizations, other talent acquisition and talent growth structures/agents will be buying tokens to initiate, fund and create courses, establish scholarships and other rewards targeting exact topics and areas of study. For the spent tokens, Sponsors will be able find, train and recruit talent”
I don’t know how many people of you work in the HR, but I know that it’s damn hard AND expensive to find quality employees these days. To clearly see the need for this problem, the WP states the following:

“The amount spent by a U.S. company to fill an open position approaches 4,000 USD and the entire recruitment market is over 200 billion USD worldwide. We do not doubt the fungibility of t h e BitDegree Token.”

So companies basically can produce THEIR OWN course with THEIR specific needs and pay a fraction of their usual hiring/marketing costs to find new highly skilled employees.

Annotation: I mainly focused on THEIR main focus, which are bigger companies who look for skilled employees. There are other areas which include individual experts making courses (like Udemy) who get paid BDG to do so. Sponsors however will be the biggest revenue stream since they are the one keeping the coins in circulation by buying and spending them.


Website:https://www.bitdegree.org/en/token
Whitepaper:https://www.bitdegree.org/white-paper.pdf

Marketcap: 338mil token - 1 BDG = 0.08$ ~ 27 Million Marketcap
Exchange rate: 1 ETH - 10.000 BDG
Token Distribution: Immediately after sending ETH
Referral Code if it helped:https://stude.co/130637