FAQ

BITDEGREE

What is BitDegree?

BitDegree is the world’s first blockchain-powered online education platform. Our goal is to make learning fun and rewarding. That’s why we’re looking to provide our students with cryptocurrency based scholarships and game-like experience while learning. Find more information about BitDegree here: What is BitDegree?

What is Blockchain?

Blockchain is a more secure database that allows people to send and receive cryptocurrencies such as Bitcoin. The most interesting part to the blockchain is that no single person or authority has control over it. Instead, transactions are verified and confirmed by the online community! And, everybody has access to the same data. That means that as soon as a transaction is processed and confirmed, it appears on the blockchain for all to see. BitDegree is looking to use blockchain to issue scholarships, secure the video content of our instructors and provide certificates. Read more information about Blockchain here: What is blockchain?

Why does this project need the Blockchain technology?

Blockchain puts the BitDegree online education platform ahead of the competition. By enabling us to introduce cryptocurrency based scholarships and record our learners’ achievements on the Blockchain database. Cryptocurrency rewards earned on the platform can be exchangeable into digital goods or services. Sponsoring and reward distribution is made easy by using smart contracts. Blockchain allows anyone to sponsor specific BitDegree courses. BitDegree is also searching for efficient ways to protect the Intellectual Property of teachers by using Blockchain technology.

Find more information here:

  1. FUD in Education
  2. Blockchain & BitDegree
  3. Blockchain is the future
  4. Blockchain & Online Content Security
How BitDegree differs from other educational platforms?

Learners on BitDegree have the opportunity to ‘earn while they learn’ because blockchain technology allows anyone to issue token based scholarships. Taking courses that have a token scholarship attached provides the opportunity to earn BitDegree Tokens, which can be exchanged for additional courses or exchanged for different currencies. Finally, we are not only hosting & publishing experienced instructors’ courses but creating high-quality interactive classes for users to enjoy!

BitDegree has the ability to connect employers directly with potential talent. Corporate and private employers, HR companies, government and non-government organisations, other talent acquisition and talent growth structures can fund and create courses, establish scholarships and other rewards targeting specific topics and areas of study. Employers can acquire students, according to their needs. The students, on the other hand, enrol in these courses as future employees, gain skills and knowledge and eventually get a job at the course sponsor. Read more about sponsorship in our whitepaper.

Payments

How much does it cost to study on BitDegree?

At this moment, basic courses are offered for free. However, premium & advanced courses are paid. To get the best price you can pay for courses using the BitDegree cryptocurrency known as BDG (BitDegree Tokens):Learn How to Buy BitDegree Tokens. Independent teachers are able to set the price of their courses so course prices might vary.

Does BitDegree accept cryptocurrency payments?

Yes, we currently accept payments made in BitDegree Tokens (BDG), Ethereum(ETH) and Bitcoin (BTC). Using BitDegree Tokens you’re able to get a 20% additional discount when buying courses.

Does BitDegree accept non-cryptocurrency payments?

Yes, you can pay for BitDegree courses using PayPal or credit card. However, paying with BitDegree Tokens gives you an additional 20% discount. Learn how to pay with BitDegree Tokens.

How to buy courses with BitDegree tokens?

BitDegree has released a cryptocurrency known as the BitDegree token, you can get 20% discounts using BitDegree tokens instead of other payment methods. Buy BitDegree Courses Using BDG Tokens

Where can I store my BitDegree Tokens?

BitDegree Token is a cryptocurrency and you need a cryptocurrency wallet to store it. You can use MyEtherWallet, we have written a detailed guide on how to create a cryptocurrency wallet for BitDegree Tokens.

How to buy BitDegree courses using Ethereum (ETH)?

We’ve written a detailed guide on how to buy BitDegree courses using Ethereum (ETH) . The guide teaches you how to buy Ether, where to store it and how to use it to purchase BitDegree courses.

How to buy BitDegree courses using Bitcoin (BTC)?

We’ve written a detailed guide on detailed guide on how to buy BitDegree courses using Bitcoin (BTC). The guide will teach you where and how to buy BTC, where to store it and how to use it to purchase BitDegree courses.

It shows my transaction is waiting for confirmation, what does this mean?

When paying with cryptocurrency there’s a verification period. If you see that your transaction is waiting for confirmation, do not worry. As soon as the counter reaches 20 for BDG or ETH payments and 6 for BTC payments your course will be unlocked. We’ll send you an email when the process is done!

Are the courses membership-based or you have to pay for each course you take?

Currently, we’re offering paid & free courses. You need to buy each course individually. However, we’re looking into bundling options & alternatives to purchasing each course separately.

Education & Courses

How will BitDegree ensure that students learned from a course online?

Students will be incentivized to do a peer-review process for assignments. BitDegree tokens are received for each peer-review that students submit. Proof of effort verification process is defined in our whitepaper. We’re also exploring payment models where students would do quizzes & additional assignments to get some amount of BitDegree tokens back from their initial purchase.

How many BitDegree tokens will students receive for a finished course?

The actual amount of token received for course completion is decided to depend on sponsors. The amount may vary on geolocation, language, and instructors.

Will the courses be available in different languages?

There will be courses in other languages in the future. Our goal is to educate as many people as possible. And we’re in the process of translating our content into multiple languages.

Is the platform also suitable to educate children?

Use of the platform and access to the online content and courses by anyone under the age of 16 is prohibited.

Will I get a scholarship?

It’s our goal to launch the first scholarships within the nearest future. However, we do not offer scholarships at the moment, stay up to date by following our social media and do not miss out on our first scholarships!

How can I earn from learning?

BitDegree will be offering scholarships and token payments to users that begin courses. It’s our mission to provide affordable & high-quality education to as many people as we can. The BitDegree Tokens you earn can later be exchanged for digital goods or currencies such as USD/EUR and others via third-party providers known as cryptocurrency exchange platforms.

How BitDegree assist for seekers of certified courses?

It’s our belief that knowledge and skills are more important than certification and at the moment BitDegree doesn’t offer certificates, but we’ll be looking into certified courses for the future. Blockchain-based certificated would allow us to better track the results of individual students and we’re be pursuing this route in the future.

What is gamification in education?

Gamification is a way to make learning more interactive & fun. Game makers have spent years on trying to make their content more enjoyable for users. Rewards, achievements and other features often associated with games can be used in education to increase motivation.
Read more about gamification here: Why is BitDegree Creating Gamified Courses

Is BitDegree planning to add other education fields in its platform?

At the moment, BitDegree is focusing on digital skills such as programming/design/business and marketing. However, we are planning to add more education fields to our platform soon. Stay up to date by following our social media!

Instructor area

How do I sign-up and upload my course to your platform?

You can sign up to be an instructor here: Teach on BitDegree! After you sign-up you’ll be taken to an interface where you’ll be able to upload your video content and fill our all of the required information.

How will I get 99% of revenue?

BitDegree is giving the opportunity for teachers to earn nearly the exact same amount of money that the students spend buying the course. There are no third-party involvements when dealing with cryptocurrency. And, the teacher is able to get up to 99% of the revenue from each course he sells. 1% of the income will cover administration costs.

How do I get paid?

At the moment, you can choose to receive the payment in BitDegree Tokens (BDG) or traditional currencies such as USD/EUR that would be sent to your PayPal account. Receiving BDG payments are instant and don't require for a 30 day “cool down period”.

What is “Instructor Revenue Share”?

The default instructor revenue share is 99%. BitDegree also offers additional options for teachers to earn a lower revenue share, but reach more students by using BitDegree partners and ad programme.

Find more information about Instructor revenue share here: How Will Instructors Make Money on The BitDegree Platform: Revenue Share Models!

How can Blockchain help teachers in terms of security?

By using machine learning, Blockchain Technology and timestamps it’s possible to create an automated service that would seek out copyrighted content and remove or report it. AI controlled bots would check with the blockchain database to see who’s the original owner. Find more information about online content protection here: How Does Blockchain Help With Online Content Protection?

Can teachers see how well their courses are performing?

Teachers and instructors gain access to the exclusive BitDegree analytical dashboard. They’re able to analyze how well their courses are performing by using the BitDegree topic research tool, student, and revenue report tools. These tools are free to use.

I saw some of the courses are labeled with the “FREE” price tag. Does it mean I can’t price my courses on your platform?

Instructors have an option to make courses free or paid. It is up to them how much they charge. The BitDegree dashboard also allows teachers to run special promotions and discounts for their courses. Teachers have full control over how much the course costs at any given time.

What courses can I upload? Are there any guidelines?

Currently, we’re accepting IT & digital skills related courses. All of the course material that the teachers’ upload gets checked by BitDegree employees to make sure the quality is up to our standards. Course guidelines are available at Instructor Academy and will have to be met when creating courses.

Company

Where can I find the BitDegree whitepaper?

You can find the BitDegree whitepaper here.

How many users does the BitDegree.org have?

The BitDegree user base is continually growing. At this moment, the BitDegree platform has more than 50,000 students. Furthermore, a lot of our users are learning from BitDegree Tutorials!

Can I become an ambassador for BitDegree?

We always encourage community participation! Feel free to write/create video content or use other means of spreading the word about BitDegree. If you create anything BitDegree related, feel free to show us, and we’ll make sure to share this with the rest of the community! Contact [email protected] if you have any questions.

Is BitDegree hiring?

BitDegree currently has offices in Lithuania, Europe. However, we’re continually searching for writers in other languages to help us translate content. If you’re now living in Lithuania check out our Hiring Page. If you’re looking for work as an international writer, contact [email protected]

Where can I get an official BitDegree shirt?

Currently, we’re doing giveaways on our social media. However, BitDegree will release its official merchandise soon, stay tuned!

Token & Exchanges

What is the symbol of BitDegree token?

BDG

What is the BitDegree Token?

The BitDegree token is an ERC20 utility token built on top of Ethereum blockchain. The BitDegree token is used as a mean of exchange among users of the platform: Students, Sponsors, Instructors and third-party Digital Service Providers.

The Tokens can be used to create smart-incentives for educational accomplishments, to purchase advertising and recruitment services, and various other digital services offered by third-parties on the BitDegree platform. Find more information about BitDegree token here: What is BitDegree token?

When will the BitDegree be listed on larger exchanges?

The BitDegree legal team is in contact with all of the major exchanges. Furthermore, BitDegree needs to meet the specific criteria before getting listed. Our team is continually working to fill the qualification. We want to provide our students with the most comfortable possible ways to acquire the BDG tokens.

When will BitDegree release their wallet?

BitDegree has no intention of releasing wallet at the moment. However, as we are open to this possibility in the future.

What exchanges is BitDegree currently on?

BitDegree is currently listed on COBINHOOD, N.Exchange, HitBTC and IDEX exchanges. To Learn more about the buying process we’ve written a detailed guide that you can find here: Learn How to Buy BDG Tokens.

How to purchase BDG tokens?

First, you have to create a digital wallet to store your cryptocurrency (MyEtherWallet is recommended). Secondly, select the preferred exchange (Cobinhood, N.Exchange, HitBTC or IDEX) and sign up. Further steps how to buy BDG tokens on certain exchanges are explained in our blog post: Learn How to Buy BDG Tokens.

Where to keep my BDG tokens?

BitDegree is an ERC20 token. You can keep it in MyEtherWallet or any wallet that supports ERC20 type tokens. You can find a guide here: Your First MyEtherWallet.

BitDegree Token is utility token. What does it mean?

Utility Tokens are used to provide people with access to either a product or service. Read more Token vs. Coin: What’s the Difference

Utility token means that BitDegree token is not a security. It follows these rules:

  • The token owner does not have voting rights as a shareholder.
  • The token owner does not participate in any kind of revenue sharing.
  • The token owner does not receive dividends of any kind.
  • Tokens will not be bought back.
  • There is no expectation of profit from it.

BitDegree token passes Howey test because besides other conditions there is no expectation of profit from it.

How do BTC/ETH/FIAT payments affect the BitDegree Tokens?

This positively impacts the BitDegree Tokenomics by exposing the platform to users who might have never considered using the platform before. It also generates more transactions allowing our users who wouldn’t have purchased a course with BDG to be part of the ecosystem. We’ll be working towards incentives to use BDG instead of other payment methods to make sure our users. There are plans to automatically convert all payments into BDG for the future. Read more BitDegree Tokenomics & Payment Models.

Updates & Announcements

Does BitDegree have a Telegram channel?

BitDegree has several Telegram channels:
Main BitDegree Chat channel: @bitdegree
Official announcement channel: @bitdegree_ann
Price discussion channel: @bitdegree_price

Where can I find BitDegree announcements and updates?

You can follow detailed BitDegree announcements on the BitDegree Blog. We also post regular short updates on the BitDegree Twitter: @bitdegree_org.

What social channels does BitDegree use?

Twitter: @bitdegree_learn
Facebook: BitDegree
Instagram: bitdegree
Linkedin: BitDegree
Reddit: BitDegree
Medium: BitDegree

Is there a particular channel dedicated to teachers and students only?

Yes! Please follow us on@bitdegree_learn where we share all student/teacher related news. We’re helping students learn more effectively while making sure teachers are up-to-date with the newest tools to reach as many students as possible.

Partnerships

I have a proposal. With whom should I talk to?

If you have a business offer and want to forge a partnership with BitDegree, please send the full proposal to [email protected] or fill in the form to become a partner. And we’ll make sure to get back to you as soon as possible!