The LEARN token is a utility token that represents a unit of learning within the LEARNDAC ecosystem. By using LEARN tokens, a person can access an educational service anywhere in the world. The price of a service in LEARN tokens is dictated by the Education Service Provider (ESP). Therefore, the token represents a learning opportunity when used within the LEARNDAC ecosystem. Outside of this ecosystem, the LEARN token represents no value whatsoever. This token is solely used for fee-less transactions within the ecosystem. They are not a currency and do not provide any shares in any company or imply any investment. The LEARN token has a maximum supply of two billion. The tokens will be allocated as shown in the table below.
EOS token holders will be able to claim their LEARN token via airgrab or a new hybrid solution. LEARNDAC will not do a blanket transfer of the LEARN token to all the EOS token holders as current EOS token distribution is not reflective of our target group of individuals. We will develop a strategy that benefits our target audience (students, parents, teachers, ESPs) and not mighty exchanges and mega venture funds
The Development Fund will be used to develop the LEARNDAC software by BlockSense One. The tokens in this fund can be purchased by anyone (where permitted) and also by venture capital firms. Venture Capital firms interested in purchasing the LEARN token from the 400M development fund will receive the tokens in a highly discounted “presale” rate. The development fund will be distributed over 2 years with a 12-hour cycle that will release 100K tokens with a maximum value of 2000 EOS. Therefore, the public price of the development fund is: 400M LEARN x 0.05 EOS/LEARN = 20 M EOS.