NTOK — Peer to Peer Online Education Forum A new era in online education . . .

Januari 27, 2018

NTOK — Peer to Peer Online Education Forum A new era in online education . . .

Tutor Ninja Token («NTOK») is a global decentralized ecosystem for continuing education aimed at allowing tutors and students to interact via an online platform based on a blockchain.

December 5 marked the beginning of an ICO developed by Ntok.io — a decentralized global learning platform based on the interaction between tutors and students through an online platform using smart contracts.A feature of Ntok.io is that the platform facilitates students’ daily lives in the offline world, where the student should not only agree with the tutor about the lesson, but also visit them in a specific place, at a time specific. At Ntok.io, students can find a tutor on any subject with just a few clicks and can learn from them anytime, anywhere, with no geographic restrictions or time zone to worry about.

“Our advantages include reliable classifications of teachers recorded in the blockchain. Thanks to this, students can be sure that there is no forgery in the classification of tutors. A qualitative increase in the level of trust of the service, which means a powerful competitive advantage over other online schools, “says Maxim Shekhovtsov, CFO and co-founder of Ntok.io. “It is vital that we work without intermediaries. In traditional schools, a teacher receives perhaps $ 7 to $ 20 per lesson, while the school gets the rest. We create a path that increases efficiency: we do not rent a space for the classroom, our platform does not have sales managers, administrators, etc. That’s why we’re good with just a small commission, while students save money. “

The main ways of payment and obtaining advantages in the platform will be with the NTOK tokens all the payments of lessons will be made exclusively in these tokens. The cost of the services on the platform will be defined by the participants themselves, and so when the exchange rate for tokens increases, the prices denominated in tokens will fall, but will ultimately remain in the market.”We will make it possible to pay fiat money because we realize that this may be necessary in a conservative community of students and teachers,” explains Shekhovtsov. “However, we will charge a small 10% fee, but we will inform all participants how to buy our tokens and avoid paying this fee.”

In addition to paying for their own study sessions, NTOK tokens holders may also use them to purchase additional educational content and materials from Ntok.io partners. Special privileges will also be available to the owners of the tokens. Teachers will be able to move up the rankings and gain a larger number of students while students will have the opportunity to receive a 50% discount on the company commission and thus save a dollar on each lesson. It is in the flat commission that the project plans to make money: it will be only $ 2 per lesson in NTOK tokens. Part of the tokens goes to the operating costs of the platform.

Ntok.io is not the only platform in the online education field; platforms like Duolingo, Varsity Tutors and iTutorGroup operate alongside it. However, the founders of Ntok.io say that its main competitor is the off-line market, where currently 95% of all teachers and tutors are concentrated. Ntok.io wants to change the current situation and stimulate the mass migration of teachers and students to the online world. Experts estimate that, in the coming years, the online segment of this market will increase by at least 70%.

Significant problems of the tutoring market:

· Most courses are offline and students should spend hours to get to the destination point;

· The price of the course may be overstated and does not correspond to the acquired knowledge;

· Middlemen (commercial schools and study centers) charge significant markups;

· Today’s tutors are mainly teach via Skype, which is strongly depends on the quality of the Internet and thus, learning process can become complicated;

· Teacher’s rating may be fake since often it is moderated by deleting negative reviews;

The NTOK has solution

The team is developing a decentralized peer-to-peer platform, central part of which is the NTOK crypto-token. This will eliminate the need of commercials schools and study centers which will help to save up to 75% on the cost of a lessons.

Students and tutors are the basis of the ecosystem. They interact with each other through the NTOK platform lessons and rating/review system. Students directly pay tutors for the lessons using NTOK tokens.

Functionalities of the future NTOK platform:

Tutor search and selection. Pay attention only to the important: subject, profile, language, rating, price, etc;
Online schedule for tutors and students. Choose free slot in the teacher’s schedule and plan your attendance;
Direct payment to tutors using crypto tokens on the Ethereum blockchain. Forget about middleman’s significant markup and pay directly to the tutor;
Interactive study area. Enjoy great quality of audio and video, chat, file sharing, interactive whiteboard, and also benefit from an interactive testing system offering unique types of exercises for each subject category;
Rating system based on blockchain. No more fake reviews and dishonest teachers. Only those who have attended a lesson can leave feedback on this tutor. Overall rating will be based on a large number of parameters which will help to make the right choice;
Video lessons. Watch the lessons anytime and post separate ratings. Also, tutors will have an additional marketing opportunity within the ecosystem and chance to earn more NTOK tokens.

ICO Details

The Pre-Sale is to take place between December 5th, 2017 and January 15th, 2017. At the Pre-Sale NTOK tokens will be sold at the following conditions: 50% bonus, minimum purchase of $25,000, 1 NTOK = $1.00.

The ICO is planned to take place between January 15th, 2018 and February 15th, 2018. Tokens are expected to be distributed within 2 weeks after the ICO ends or earlier.

NTOK tokens will be issued during the ICO at an initial price of $ 1.00 each during the first week of the ICO. During the ICO price of NTOK tokens will grow every week:

First week: $ 1.00
Second week: $ 1.05
Third week: $ 1.10
Fourth week: $ 1.15
Fifth week: $ 1.20