ODEM Tokens and Platform Settlement
The ODEM Token (ODE) is at the heart of our mission at On-Demand Education Marketplace (ODEM) to make higher education more accessible, affordable and verifiable.
ODE acts as a core currency on the ODEM Platform by employing blockchain-based transaction mechanisms that link students, educators and other service providers.
Using the ODE utility token on the platform will allow for faster, more secure and reliable transactions for students and corporate buyers of educational programs paying for platform services.
Among other uses within ODEM’s ecosystem, ODE will be deployed by students to stake, or register, for a specific academic program by making a deposit of about 10 percent of the final price.
By requiring students to stake, ODEM helps ensure the orderly operation of the education marketplace, including disbursements to top educators. Staking helps the platform’s blockchain-based software to assess levels of student demand for specific types of courses and subject matter.
As students and educators come together to use ODE on the platform, we expect to radically improve the efficiency of organizing and delivering in-person educational experiences.
Making the platform and the use of ODE as simple as possible is one of our highest priorities.
We’re aware that not everyone is familiar with buying or selling digital tokens and in some countries trading in digital currencies is prohibited. That’s why ODEM will encourage investors and other third-party benevolent holders of ODE to stake on behalf of students who may not be able to themselves.
Staking providers’ tokens will be returned at the completion of an academic offering. And for their efforts, they will be rewarded with even more tokens for enhancing the platform’s overall functionality.
I hope you will stay tuned for more ODEM developments.