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 token 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 partof the Blockchain network 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 places BitDegree are at an advantage over their competitors. How? By enabling us to introduce blockchain token-based scholarships and record our students’ achievements on the Blockchain database. Token rewards earned through the platform can be exchanged for digital goods or services. Sponsorships and reward distributions are made easy by using smart contracts. Blockchain allows sponsoring specific BitDegree courses. We are also searching for efficient ways to protect our instructors’ intellectual property of teachers by using Blockchain technology.
Find more information here:
How BitDegree differs from other educational platforms?
BitDegree students have the opportunity to ‘earn as they learn’ due to the ability to apply for token-based scholarships through Blockchain technology. Taking courses that have a token scholarship provides the opportunity to earn BitDegree Tokens, which can be later exchanged for additional courses or traded for different currencies. You can read more about how to use BitDegree Tokens here. We are not only providing a marketplace for experienced instructors’ courses but also creating high-quality, interactive classes for our users to enjoy (have you tried out Space Doggos yet?)! BitDegree platform is offering a gamified experience to our users so they can stay more motivated to learn the necessary skills by engaging in a fun and rewarding learning environment.
BitDegree also has the ability to connect employers directly to talented students that have the potential to work for them. Corporate and private employers, HR companies, government and non-government organizations, 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, enroll in these courses as future employees, gain skills and knowledge and eventually get a job at the course sponsor. You can read more about our Talent Acquisition Platform here.
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 token known as BDG (BitDegree Tokens): Learn How to Buy Courses using 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). If you use BitDegree Tokens, you’re also able to get an additional 20% discount when buying courses.
Does BitDegree accept non-cryptocurrency payments?
Yes, it is possible to pay for BitDegree courses using PayPal or credit card.
How to buy courses with BitDegree tokens?
To be able to buy courses with BitDegree (BDG) tokens, you, first of all, must be our registered user. When you pick a course you want to enroll in and click on ‘Start Learning Now’, you’ll see a regular payment screen with an option to pay in BDG tokens – select this and click to checkout. Just because you’ll be paying in BDG tokens, you’ll get an extra 20% discount! Follow all the subsequent steps filling in the required details, use the generated transaction address in your crypto wallet, and send the required amount. When your blockchain transaction gets confirmed, check the tab ‘My Courses’ in your BitDegree profile and start learning. A more detailed tutorial on paying full price for courses in BDG tokens is here.
Also, you may use the tokens earned while learning on the gamified BitDegree platform to make up to 50% discount when paying for any course! At the checkout, find the ‘Additional Discount’ column next to the payment method, choose ‘Use BDG tokens,’ et voila!
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 on our platform.
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. You can learn about these additional assignments in our blog post about BitDegree gamification features.
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?
How can I earn from learning?
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!
How do I sign-up and upload my course to your platform?
You can sign up as an instructor in the Instructor's area. After signing up, you'll be taken to an interface where you'll be able to upload your video content and fill out all of the required information needed to proceed.
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 they sell. 1% of the income is used to cover administration costs.
How do I get paid?
At the moment, you can choose to receive the payment in traditional currencies such as USD/EUR that would be sent to your PayPal account.
What is “Instructor Revenue Share”?
The default instructor revenue share is 99%, but there are other options available on BitDegree, where teachers earn a lower income, but reach out to more students by using BitDegree partners or our ad program.
You can find more information about instructor revenue shares by clicking here.
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?
What courses can I upload? Are there any guidelines?
Currently, we’re accepting IT & Digital skills-related courses. All of the course material posted on our platform is firstly reviewed by the BitDegree team to make sure that the quality is up to our standards. Course guidelines are available at Instructor Academy and will have to be met when creating a course.
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 growing on a daily basis so it is not easy to track the exact number of users currently on our platform. At the moment, we have more than 800 thousand students.
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?
Currently, BitDegree has offices in Lithuania, Europe. However, we are constantly looking for writers in different languages to help us translate content. If you live in Lithuania, check out our Hiring Page. If you are looking for work as an international translator, you can contact [email protected]
TOKEN & EXCHANGES
What is the symbol of BitDegree token?
What is the BitDegree Token?
The BitDegree token is an ERC20 utility token built on top of the 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 the 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?
Currently, BitDegree has no intention of releasing our own wallet. However, we are open minded to the possibility in the future.
What exchanges is BitDegree currently on?
BitDegree is currently listed on 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 tokens (MyEtherWallet is recommended). Secondly, select the preferred 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 about it by clicking here.
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 on the platform.
- The token owner does not participate in any kind of revenue sharing.
- The token owner does not receive dividends of any kind.
- Tokens are not refundable.
- There is no expectation of profit from it.
- The token is used to provide people with access to either products or services.
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 and there are also plans to automatically convert all payments into BDG in the future. Read more: BitDegree Tokenomics & Payment Models.
UPDATES & ANNOUNCEMENTS
Does BitDegree have a Telegram channel?
BitDegree has one official Telegram announcement channel: @bitdegree_ann
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?
Is there a particular channel dedicated to teachers and students only?
Yes! Please follow us on @bitdegree_org 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.