ODEM AND WHAT YOU NEED TO KNOW ABOUT IT

efimov.2019

6 min readMar 14, 2018

INTRODUCING ODEM

ODEM may be a comprehensive platform that permits students, educators and repair suppliers within the education business to participate in an exceedingly direct, suburbanized and period of time marketplace. It permits participants to look, choose and buy existing instructional merchandise moreover as produce, request and discuss customized instructional experiences personally and online. Not like online education suppliers like Coursa and Khan Academy, the ODEM platform focuses on making instructional programs nose to nose and in real time. For this reason, the ODEM platform is meant to accommodate not solely the delivery of one course, however conjointly the related to services and coming up with that area unit enclosed within the accommodation.

ODEM PLATFORM

In the case of the ODEM platform, the employment of the general public Ethereum network ensures the system is sure as access to the platform and periodic hashes of the state of the platform area unit broadcast on the general public network. At now, ODEM token practicality is taken into account sufficiently complicated for the team to like the Alan Turing Complete EVM over the employment of Stellar for the general public token. Nevertheless, use of the Ethereum Network are going to be unbroken to a minimum to avoid excess transactions prices on ODEM.

On the ODEM platform, Ethereum primarily based good contracts can make sure the services area unit accessed in an exceedingly “trustless” manner. “Trustless” doesn’t mean that they can’t be sure, however instead the need to trust one another isn’t needed. At a sensible level, this implies that a student should purchase services from service suppliers sitting on the opposite facet of the world, while not ever meeting them associated while not knowing whether or not they area unit an honest service supplier. Payment of instructional services on the ODEM platform are going to be created via associate inherent cryptocurrency, associate ERC twenty token, particularly the ODEM Token (ODEMT). This feature permits for a typical divisor that gives cheap transfers valuable, in addition as quick and secure monetary transactions on the platform. Within the ODEM platform, suppliers are going to be incentivized to hitch the platform through free initial tokens allotted from the ODEM Rewards token distributions. Once suppliers sign on and build profiles, they need to adhere to the provider fee structures.

Problems:

ODEM.IO focuses on empowering people who do not find their fit within the structures of existing education institutions.The platform, which aspires to become the Airbnb of education, owes its inspiration to partner company Excelorators Inc., and its more than five years of experience in crafting high-quality educational experiences for international students and foreign executives at top U.S. universities.

Education is a global industry. However, to gain access to higher education has become increasingly affordable for most people over the last few years:

- college costs continue to rise

- rising tuition costs

- Geography

- lifelong learning (the lack of choice of customized hampers their ability to update their knowledge as their careers evolve.)

- access to the best educators are controlled and the cost increased by the institutions that employ them.

Solution:

ODEM is a technology platform that will enable students to have the ability to make contact and have access to education as smoothly as possible. Using the power of blockchain technology and its smart contract-based payment platform, ODEM will enable students and professors to interact directly and participate in the exchange of education and learning, without the involvement of intermediaries. The goal of ODEM is to make quality education more accessible and affordable to a broader audience. ODEM and it’s secure, blockchain-based platform allows students to seamlessly interact with educators and to seize opportunities to access custom-designed courses and education programs. Students can use ODEM to search for curriculum that meets their needs.

The education industry faces many challenges which ODEM seeks to solve by providing the following:

-Access to both local and international experience and education of people. While the breath can provide all kinds of learning experiences, the program emphasizes education on-the-ground in the elite institutes all over the world.

-A single educational community in which students, educators, and service providers can communicate and participate directly in a secure environment.

-A more efficient way to share and understand the requirements of education, goals and details to meet the workforce are changing rapidly and globalization students and educators

-Single system, real time negotiation, the description of the curriculum and the agreed payment schedule.

-Academic and curriculum integrated schedule Builder with details available to all the participants to ensure the development of educational programs that are clearly laid out and agreed by all parties.

-The ability to perform back-and-forth translation language at all levels of education procurement to ensure that an important nuance in the program request is not lost in translation.

ODEM AS AN EDUCATION MARKETPLACE

ODEM is a comprehensive platform that allows students, educators and service providers in the education industry to participate in a direct, decentralized, real-time marketplace. It empowers participants to search, select and purchase existing educational products as well as create, request and negotiate customized education experiences in person and online. Unlike online education providers like Coursera and Khan Academy, the ODEM platform focuses on creating real-time, in-person educational programs. Because of this, the ODEM platform is designed to accommodate not only the delivery of a single course, but also the accompanying services and scheduling that are included in accommodating a group of students traveling to a location for one day, a month or even a year. Since the majority of our current offerings are onsite educational experiences, we have built an off-blockchain capability to manage a range of tasks, including the negotiation of costs, the securing of service providers and the creation of student certificates.

ODEM Token Sale

The results of the token distribution event will be used to fund the ODEM platform development, operation, legal establishment and marketing. ODEMT will be the original currency used to function and operate on the ODEM platform. In short, the main purpose and the only token is for the use of available utility services ODEM SA ODEM platform does not make any claims about ODEMT usage for anyone other purposes Please note that any information mentioned in this chapter may change without notice prior to the launch of the main crowdsale.

ODEM token sales will occur in two stages

1. Pre token sale — early adopter phase

This Pre Crowdsale stage will begin on December 10, 2017. In Pre-token sales, 58.2 million ODEMT will be issued at a discount rate of € 0.0375. This ODEMT will published at a 25 percent bonus rate. Please note the bonus tokens will only be accessible After completion token token and token generation event event has occurred. There is a minimum purchase requirement of 200,000 ODEMT, per user, in Pre-token sales stage.

2. Sales Token

The primary token sale will begin tentatively on February 17, 2018 and will continue until March 19, 2018. A total of 180 million ODEMT will be issued. That the token will be issued at, or about € 0.05. Considering the fact that the ODEM platform can only perform optimally if the token is widely distributed, all users will be allowed maximum purchase of 250,000 ODEMT during the first hour of main token sale. After The maximum cap of 250,000 ODEMT will be lifted.