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About Student Coin
Overview
Student Coin was founded in 2019 by students from Kozminski University, Warsaw. It aimed to explore blockchain’s practical applications.
History
- 2019: Initiated by students at Kozminski University, initially named “ALK Token”
- 2020: Reached 15,000 students from 500+ universities, enabling anyone with a valid student ID to claim free STC Tokens
- 2021: Launched STC Launchpad, expanded community to 200,000 users, and listed on over 10 exchanges
- 2022: Upgraded STC Wallet, introduced STC
Introducing Student Coin: Empowering the Next Generation of Leaders
Introducing Student Coin (STC): A Revolutionary Cryptocurrency
Student Coin originated as an educational endeavour, founded in 2019 by a group of students from Warsaw’s Kozminski University. Initially dubbed “ALK Token,” the project sought to delve into the practical applications of blockchain technology. By 2020, a remarkable 15,000 students from over 500 universities worldwide had claimed free tokens, thereby promoting blockchain education on a global scale.
The project pioneered the establishment of the STC Academy, a complimentary educational hub dedicated to disseminating knowledge on blockchain technology. This initiative was subsequently augmented with a range of paid courses, rebranded as STC University, catering to more advanced learners. Concurrently, the team developed the STC Terminal, a user-friendly platform enabling individuals to create their own tokens through a streamlined, five-step process. As the project continued to evolve, the team launched Coinpaper.com, a cryptocurrency news portal, which now delivers daily updates from the blockchain universe to a substantial readership of over 60,000 monthly visitors.
Why Did Student Coin Cease Operations?
Notwithstanding the token’s remarkable growth, which persisted for over two months in 2021, replicating such success seemed improbable. Despite increased expenditures on project development and product refinement, the token’s price remained stagnant, suggesting an unsustainable marketing paradigm.
Furthermore, the cryptocurrency landscape underwent a paradigm shift towards speculation, thereby placing Student Coin at a disadvantage amidst stringent legal standards. The prevailing legal uncertainty has hindered long-term planning, stifling initiatives such as the metamorphosis of STC Wallet into a comprehensive exchange.
In response to the mounting pressure of community expectations and shifting visions, Student Coin has opted to introduce a repurchase program for the $STC token, thereby reinstating the decision-making authority of our community, while graciously and professionally acknowledging the project’s closure.
Student Coin: A Brief History of Its Inception
Launched in 2019, Student Coin underwent a meticulous development process spanning over five years. In 2024, the project made the strategic decision to cease operations and initiate a token redemption program, wherein all Student Coin tokens (STC) were repurchased from users.
The Student Coin Redemption Process: A Step-by-Step Breakdown
The STC token has been successfully listed on numerous exchanges, including KuCoin. Notably, the team has consistently met its roadmap targets, achieving impressive milestones such as educating over 210,000 users through its STC Academy and University platforms, while also delivering informative newsletters to a substantial readership of over 60,000 subscribers each month.
The project dedicated its entire resources to repurchasing all tokens from its users, commencing on April 9, 2024, and persisting with the redemption process for a five-year period, culminating in 2029.
All STC tokens will be consigned to oblivion and sent to: 0x000000000000000000000000000000000000dEaD – the burn address where all redeemed and repurchased $STC Tokens will be perpetually locked, rendering them irretrievable. Consequently, the STC token has been delisted from all exchanges.
What Was the Student Coin’s Redemption Price?
The $STC Token Redemption process was executed at a premium, with prices ranging from $0.006 to $0.0137, contingent upon user engagement levels within the STC Wallet ecosystem.
The Future of Student Coin’s Social Media Presence
Student Coin has established a multifaceted online presence, comprising various social media channels and groups, dedicated to facilitating discussions on its development. These platforms will maintain their regular operations until June 9, 2024, with moderators on hand to provide guidance to users navigating the token redemption process. Beyond this date, support will be exclusively channeled through the Helpdesk, and the chat functionality will be discontinued. Furthermore, social media activities will be suspended, with the exception of periodic reminders regarding redemption deadlines.
What was the Redemption Period for Student Coin Users?
The STC Token redemption process commenced on April 9, 2024, and concluded in June 2024 for STC Wallet users. However, it will remain accessible for up to five years (until 2029) for STC on-chain users.
What Are the Key Offerings of Student Coin (STC)?
To bring the aforementioned vision to fruition and assign a clear directive to each activity, Student Coin established the STC.XYZ group – a central hub that orchestrates the entire STC ecosystem and its diverse range of products. As a unified entity, STC.XYZ oversees and coordinates every endeavour that has a profound impact on the intrinsic value of the STC Token, thereby fostering a synergistic relationship where each product is elevated by the others.
Introducing Coinpaper: A Comprehensive Cryptocurrency Insights Platform
Coinpaper, a pivotal pillar within the STC ecosystem, functions as a premier gateway, providing users with a daily deluge of indispensable news from the dynamic realm of cryptocurrency.
Beyond its exhaustive coverage of cryptocurrency developments, Coinpaper boasts a specialized Web3.0 newsletter, Coinpaper Digest, which furnishes subscribers with meticulously curated insights into the latest breakthroughs and trends shaping the Web3.0 landscape, thereby augmenting the platform’s value proposition for users seeking timely and pertinent information in the digital asset sphere.
Introducing STC Wallet: A Cutting-Edge Digital Asset Management Solution
At the heart of the STC ecosystem lies the STC Wallet, a secure hub that seamlessly integrates intuitive functionality to acquire preferred assets, manage your financial resources, and stay informed with the latest news.
Notably, the STC Wallet serves as the premier platform for STC DAO Votings, while also spearheading the esteemed STC Premium Holders Program, exclusively designed for voting participants.
Introducing STC Terminal: A Revolutionary Gateway to Seamless Crypto Trading
Introducing STC Terminal, a pioneering platform that empowers users to craft their own bespoke ERC20-based tokens in a mere 5 steps, all within a remarkable 10-minute timeframe. This comprehensive, one-stop solution enables seamless token design, management, and issuance. With STC Terminal, the creation of customized ERC20 tokens with diverse features is now accessible to everyone.
Introducing Student Coin University: Empowering the Next Generation of Blockchain Enthusiasts
At the forefront of the digital revolution, this online Web3 University presents a diverse array of courses delving into the intricacies of blockchain technology. The mission of STC is to catalyze the widespread adoption of blockchain through the power of education.
Envision a university that defies the constraints of physical space, effortlessly accommodating a burgeoning student body without the limitations that have long hindered traditional institutions. This is the pioneering vision that propels Student Coin University forward.
What is the Total Amount of STC Tokens That Have Been Burned?
Following the redemption process, the entirety of the remaining STC tokens will be incinerated and transferred to a null Ethereum address, thereby rendering them irretrievable. You can preview the quantity of tokens slated for destruction
here
.
The Visionary Behind Student Coin: Meet the Founder
Student Coin (STC) was established by Wojciech Podobas, a renowned expert in cryptomathematics, who serves as the CEO of the project, alongside a diverse global team comprising individuals from various disciplines and esteemed academic institutions, including students, educators, and entrepreneurs.
Is Student Coin a Utility Token: Unpacking its Purpose
Student Coin and the $STC Token (contract address 0x15B543e986b8c34074DFc9901136d9355a537e7E) have consistently been categorized as utility tokens, as explicitly stated in all Terms of Use, the Student Coin website, and official communications. The token’s utility encompasses facilitating blockchain education, participating in STC University courses, leveraging select features of the STC Academy, and engaging in decentralized autonomous organization (DAO) decisions, which are distinct from the company’s decision-making processes. Notably, the $STC Token has never been pegged to any tangible or intangible value.
The $STC Tokens were never intended to facilitate payments, nor do they embody share rights in a commercial law context. The fundamental principle of STC, which remains unchanged, was inherently educational and functional in nature, with the primary objective of educating individuals about blockchain technology and exploring the practical applications of tokens.
The Evolution of Student Coin Products: A New Era
- Coinpaper.com, a rapidly expanding news platform, will continue to operate as usual, maintaining its self-sustaining business model.
- STC Academy and University will cease to exist as separate entities, but their paid content will be integrated into Coinpaper, where it will remain accessible online, free of charge, in a dedicated section.
- As of October 9, 2024, STC Wallet will be permanently discontinued, and all associated data and project information will be deleted.
- STC Terminal was officially suspended, effective April 9, 2024.
On Which Blockchain is Student Coin Built?
Student Coin is built upon the robust foundation of the Ethereum blockchain, leveraging its decentralized architecture to facilitate seamless transactions and interactions.
What Is the Circulating Supply of Student Coin (STC)?
As of July 2022, the maximum token supply of STC is capped at 10,000,000,000, with a circulating supply of 5.32 billion STC, representing 53% of the total supply.
The Security Architecture of the Student Coin Network
STC is an ERC-20-compatible token, operating on the Ethereum blockchain, which is fortified by a robust proof-of-work (PoW) consensus mechanism. Furthermore, Student Coin (STC) has undergone a rigorous audit by the esteemed cybersecurity firm, Hacken.
The Genesis of Student Coin: A Historical Perspective
In 2019, a group of undergraduate students at Warsaw’s Kozminski University in Poland embarked on an innovative venture, which would later become Student Coin. Initially dubbed “ALK Token,” this pioneering project sought to harness the vast potential of blockchain technology, enabling the seamless sending, receiving, and conversion of tokens. The resounding success of this experiment inspired the Student Coin team to pursue a bold vision: to disseminate blockchain knowledge through hands-on application. This vision led to a series of airdrops, where the token was distributed to students at Kozminski University and other esteemed Polish institutions of higher learning.
By the close of 2020, Student Coin had successfully reached a milestone of over 15,000 students hailing from more than 500 universities globally, thereby empowering any individual possessing a valid student ID to claim complimentary STC Tokens.
In the project’s nascent stages, the team endeavored to infuse substantial value into the $STC Token. The STC Academy was established, initially dubbed the STC Educational Panel, a comprehensive online repository covering the intricacies of blockchain, cryptocurrencies, and personal crypto security. Buoyed by the burgeoning enthusiasm within the community, the STC team sought funding to develop more sophisticated project components, including a wallet, exchange, and terminal, thereby empowering students to create their own tokens. A pre-launchpad at the end of 2020, priced at USD 0.0025, significantly accelerated development, enabling STC to expand its team and secure listings on Uniswap and its inaugural centralized exchange.
February 2021 heralded the inception of the STC Launchpad, which catapulted the community from a modest 20,000 to a staggering 200,000 users, while facilitating the sale of $STC Tokens at extraordinary valuations. This enabled the expansion of Student Coin’s business and technical teams, as well as the introduction of additional projects under the Student Coin umbrella. Furthermore, the $STC Token was successfully listed on over ten prominent exchanges, including esteemed platforms such as KuCoin, Bittrex, and Bithumb Global.
By the close of 2021, Student Coin unveiled an enhanced iteration of the STC Wallet, debuted the STC Terminal, a cutting-edge platform for bespoke token creation, and inaugurated Coinpaper.com, a premier crypto news portal.
In 2022, Student Coin embarked on a transformative journey, elevating the STC education panel to the esteemed STC Academy and infusing the STC Wallet with a plethora of innovative features. Furthermore, the team revisited and refined their initial strategies, including university tokens and crowdfunding support for burgeoning startups.
In 2023, Student Coin introduced STC University, a cutting-edge iteration of the STC Academy, providing exhaustive blockchain education and producing a plethora of informative videos about cryptocurrencies. Coinpaper witnessed remarkable growth, with an impressive monthly active user increase rate of approximately 19.75%.
The STC Ecosystem Encompasses
- Coinpaper: A Comprehensive Cryptocurrency Research Platform
- STC Wallet: Secure and Intuitive Digital Asset Management
- STC Terminal: A Cutting-Edge Trading Interface for Discerning Investors
- STC Academy: Empowering Users through Cryptocurrency Education and Insights
- STC.University: A Hub for Advanced Blockchain and Cryptocurrency Knowledge
- STC App (for iOS and Android): Seamless Cryptocurrency Management on-the-go
- Research and Finance Group: Providing In-Depth Analysis and Expert Insights