NTOK P2P online education platform

März 06, 2018

NTOK P2P online education platform

he NTOK X ecosystem for tokenizing talents is an evolution of Tutor Ninja, a private tutoring operator serving thousands users, into a three-level blockchain infrastructure for online education. The NTOK tokenization platform concept comprises online schools, an online private tutor services aggregator, as well as tutors and NTOK ecosystem partners’ services.

About NTOK
Peer to peer online learning platform Education is out of date in technology adoption with only a tiny share of the industry online. Our mission is to facilitate learning, in particular of foreign languages, through a peer-to-peer technology platform connecting tutors and students online.

Our solution provides the following:

Online platform eliminating geographical borders between tutors and students through a cutting-edge technology with high quality video and audio
Transparent and secure information on the experience and quality of tutors through ranking and reviews system built on blockchain
Elimination of intermediaries between tutors and students, such as schools, and therefore significantly reducing the cost of lessons
Study directly with a teacher without paying any intermediary fees (only the teacher’s fee)
Full functionality of an online school platform, including video, voice, whiteboard, online scheduling and payment without any additional fee
Access to the database of tutors on a blockchain with decentralized and secure reviews and rankings. Ability to rank and publish tutor reviews stored on the blockchain

NTOK stands for Tutor Ninja Token. It is a decentralized online system that uses the Ethereum technology to offer an online platform where students and tutors can interact through chats, interactive whiteboards, file sharing, interactive testing system, audio and video connection. The following are the unique features of NTOK: built-in licensed content, the involvement of a live teacher, study at home, no middlemen and trustworthy ratings for tutors and content. This is a unique service that has never been offered before.

Tutor Ninja Token (NTOK) is a blockchain solution that is going to be used for online tutoring. Generally, the tutoring market is forecasted to have revenue of US$227 billion by the year 2022. Online tutoring accounts for a small percentage of it now (3-5% only). It is important to mention that current online tutoring systems have several important drawbacks, which is why students and tutors still prefer offline tutoring.

A thorough study of the existing online tutoring systems/ models and the spur of blockchain technology has brought to birth the idea of NTOK. NTOK intends to seal the existing loopholes of online tutoring. Some of the existing problems with current online tutoring are:

The unbalanced supply of tutors by courses and price,
Inconvenience in accessing offline course,
Middlemen,
Improper learning channels such as Skype and exaggerated or fictitious tutor ratings.

NTOK is the solution to these problems.

How NTOK works
How NTOK functions could be classified into two, even though they work seamlessly.

The learning platform – This is where students and tutors have access to the following features; rating tutors, online scheduling of classes, search and selection of tutors and virtual classroom.

Learning texts from leading publishers will be incorporated into the learning platform. There will be an option of buying of electronic versions of the texts from the learning platform.

Blockchain – This is the platform that allows for payment of tutoring service. This is facilitated through the use of NTOK tokens which meet the Ethereum ERC20 standard. Payment for the tokens will be channeled directly to the tutor, there will be no middlemen. Conventional currency can also be used for payment, though it would attract a fee making it unattractive to use.

The blockchain interacts with the learning platform to provide students a foolproof method of rating tutors. Rating is done through the blockchain smart contract that allows rating after paid lessons. The ratings are unalterable once posted.

Benefit for NTOK token holders
NTOK buyers will get the following benefits from the acquisition of NTOK tokens.

Discounts – NTOK holders will reap massive discounts for using NTOK tokens on the educational platform. Not only will their benefits be limited to discounts, they will also enjoy the growth in token value since the tokens will be on demand.
Trust – There will be trust established between the tutor and the student since tutors with a lot of positive ratings would simply mean that the tutor is honest and good in his/her area of specialization. This is based on the fact that the reviews are honest and give a true reflection of the tutor since they are posted after the service.
NTOK value – The tokens are likely to attract a lot of demand making them have value. This can be attributed to the fact the all stakeholders will be required to use NTOK tokens for settlement. Derived demand from partners and text publishers will likely to spur competition for the tokens making them gain value.
Liquidity – Since the NTOK tokens will be used for payment, there is a likelihood of increased liquidity to be experienced once the tokens get listed on crypto exchanges. Buyers and sellers will be actively making buy and sell orders for the tokens, therefore, creating and maintaining liquidity. This simply means that for the tutors, they can exchange easily their tokens for money same as the students they can exchange with ease their money for tokens.

Token NTOK
PreICO Price 1 NTOK = 1 USD
Price 1 NTOK = 1 - 1.20 USD
Platform Ethereum
Accepting BTC, BCH, ETH, LTC, DASH, ZEC, ETC
Hard cap 15000000 USD
Whitelist/KYC KYC & Whitelist
Restricted areas USA

Milestones
May 2017 The Alpha version of the platform was launched, and it is currently being tested in an online school format
February 2018 ICO Ends
June 2018 Launch of Beta version, tutors start teaching studens on NTOK
January 2019 Attracting content providers, refining the platform, marketing in additional countries
July 2019 Complete integration of providers' content into the NTOK ecosystem, full platform functionality achieved
January 2020 Coverage of major in-demand languages, preschool education, and supplementary education for school students