jabrik edan: NTOK - World’s first ecosystem for decentralized education and personal token sales

The NTOK ecosystem for tokenizing talents is an evolution of Tutor Ninja, a private tutoring operator serving thousands of users, into a blockchain infrastructure for continuing, lifewide
education. The NTOK tokenization platform concept comprises online schools, an online aggregator of private tutor services as well as tutors and NTOK ecosystem partners' services.
The standard private tutoring approach secures selected tutor's hours at a fixed price. The tokenizing talents concept in addition introduces rules of trading by based on blockchain
Talent tokens, which are a prepaid gift cards for the "Talented tutor" hours / lessons to be provided in the future. The Talent tokens may be an alternative utility to order a Talent tutor lesson. An ecosystem user may buy, exchange, or refund Talent tokens (based on blockchain) as well as use regular functions of a private tutoring infrastructure.
The approach meets the various expectations of tutors and students. The tokenizing talents functionality particularly provides an excellent opportunity for Talents to pre-finance their personal development and for Talent hunters to support Talent and earn on Talent token growth. The education market is rapidly moving from offline to on line. Tutoring, one of the biggest segments of the education market, is forecasted1 to reach US $ 227 billion by 2022.
Currently, online tutoring accounts for only 3-5% of the tutoring market, but is expected to grow quickly and become mainstream in the fields of language study, preschool preparation, supplementary instruction for K-122 students and continuing professional education.

Market overview

Tutoring is considered to be one of the largest education segments in monetary value terms. While in many other segments it is often difficult to persuade people that they need to pay for educational services or content, in the tutoring market everyone intuitively understands that they need to pay tutors for teaching. In addition, most people have had some experience of studying with a tutor.

It is one of the oldest education segments and frequently the first resource that students seek out when they want to learn something.

Tutoring exists both offline and online. Currently largely offline, it is poised for accelerated migration into online tutoring, stimulating major interest from educational technology investors.

Problems with the tutoring market

Most courses are offline with students spending hours traveling to classes
Unbalanced supply of tutors by courses and prices
Middlemen (commercial schools and study centers) charge significant markups
Skype, which is unsuited to educational purposes.
Students choose teachers on the basis of unreliable ratings with some ratings being "fake"

NTOK-X users

Tutor

Shares skills and gets NTOK Tokens or Personal Tokens

Student

Selects from a wide range of skills to learn. Pays in NTOK Tokens or Personal Tokens

Investors

Invests in Personal Tokens of other users

Fundraiser

Launch personal token sale. Receives money for self-development

The Token concept

NTOK core ecosystem token

• Quoted on external exchanges

• Allows you to reserve the time slots in the schedule of any Tutor with Timetable

• Trade on the internal exchange market for personal tokens of users

• The cost is determined by the market - by the demand and supply.

• There are a limited number of 33,000,000 tokens.

NTOK-P

(Personal Tokens) - personal tokens of users of the ecosystem

• They are quoted in the core tokens of the ecosystem only on the internal exchange

• Allow to book time slots in the schedule of a particular Tutor

• In the event that hand holders are present, ensure that the Talent of the token will have a certain amount of time in the timetable for the provision of services

• Allows you to conduct Personal Token Sale

• It is an estimate of the demand for the competence of the user of the ecosystem.

• The cost is defined as the minimum of two values - the Skill-Hour price, set by Tutor and the minimum price of a sell order on the domestic stock exchange.

• The number of personal tokens is limited only within the same Talent. Each ecosystem user independently determines the amount of tokens needed to be released within this constraint. The cumulative number of all issued personal tokens is unlimited.