Insights on Larecoin
Mar 13, 2018 Posted / 5291 Views
E-education market is a burgeoning segment with high growth potential in the industry. In 2007-08, US constituted 60% of the global market and Europe accounted for 15% market. Despite the global economic downturn, the number of students going to abroad for studies is rising globally. The global education industry has experienced a rapid growth rate supported by rising awareness in developing countries (especially India and China).
Traditional scholarship methods are marred with a lot of disadvantages which makes them unreliable, time consuming and ineffective. Some of these shortfalls are Hefty Forms and Procedures, Qualification Barriers, Manual Submissions, Long and time-consuming constraints, waiting to receive acceptance to a program, months if not years to obtain benefits, restrictions that prevent beneficiaries from using their benefits outside of the university facilities, High Application Fees, etc.
Larecoin is a global and the largest student community platform designed to automate scholarship application processing for students online. Larecoin is introducing LARECOIN (“LARE”), a new cryptocurrency (ERC-20 Token) and smart contract platform that gives students, businesses and educational systems the required crypto-backed value for sponsoring education initiatives. Backed by students, teachers, faculty members, other campus life and education related communities, small businesses to major brand name enterprises, educational systems and governments that support making education an equal opportunity and accessible to everyone. Larecoin is uniquely positioned in the global education and various other markets to promote and establish a cryptocurrency. The company give students, businesses and educational systems high quality resources for monetizing Larecoin.
Students: Larecoin will develop tools that enable students to Search, filter and apply to multiple scholarship programs globally, receive SAC's (student allowance contracts), weigh out their options, engage and receive unrestricted benefits in Larecoin. Larecoin can be used to pay tuition, student debts and fees, acquire room and board, purchase goods or services, even diversify a cryptocurrency portfolio on an exchange.
Businesses: Monetization using Larecoin will be a key focus with robust features and toolsets provided to businesses who are merchants and employers enabling the sale of goods and services as well as recruiting talent for their organizations during or after education enrollment. Great benefits will be gained by utilizing a decentralized platform and the supporting frameworks.
Educational Systems: LareVia provides high quality analytical data on universities linking educational systems on the blockchain. Educational systems can partner with Larecoin to issue scholarships in their respective programs attracting students globally. In addition to analytical research tools, streamlining and automating scholarship programs there are many other benefits.
Larecoin is developed as an ERC20 token on the Ethereum network. Ethereum is the most popular and widely supported smart contract blockchain, with a huge development community and robust language support. Larecoin will host a public Platform API using the JSON-RPC protocol with methods for checking account balances and accessing each of the its smart contracts. This will allow websites to display data to internet users without requiring a web3 wallet extension installed in the web browser.
A key component in making everything easy to use is the Larecoin “Smart” Wallet System. Larecoin will automatically assign its members a Larecoin web wallet among up to 10+ other digital currency wallets. Building on existing light wallet design, the Larecoin Wallet streamlines the user experience.
Start Date: March 4th, 2018
End Date: June 4th, 2018
Start Date: June 4th, 2018
End Date: January 4th, 2019
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
Hottest Blockchain Newsletter
For updates and exclusive offers, enter your e-mail below.