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New ICO – LiveEdu Review

//New ICO – LiveEdu Review

LiveEdu Quick Facts

  • Online peer-to-peer learning platform to develop skills in future technologies
  • Pre-ICO currently live; 1 Ether = 3300 EDU
  • ICO: January 15, 2018 to February 10, 2018
  • 20% of annual revenue used to purchase tokens back from the market
  • Existing Beta, with native mobile apps coming in 2018

What is LiveEdu?

LiveEdu is a decentralized peer-to-peer project learning platform for people to improve their job skills in future technologies. LiveEdu is building the YouTube for online education. We are taking one category out of YouTube and building it out into a bigger category of its own. Just as Twitch took the category gaming out of YouTube and built it into its own large vertical, LiveEdu is taking the category online education out of YouTube. Content on LiveEdu is organized around projects. Each project contains a live streaming channel, video project playlist, and live chat window. Each live stream is archived automatically as a video.

There is no online project learning platform that teaches college students and professionals who have passed the beginner’s stage on how to build complete products.

LiveEdu does not target beginners, but those who have more than basic introductory knowledge of their field.

We are an existing business, with team members from Amazon and Y-combinator. LiveEdu is building the world’s largest project learning network starting with seven topics: programming, game development, data analytics, design, augmented and virtual reality, artificial intelligence, and cryptocurrencies. In 2019, LiveEdu will be opening for all topics. We are targeting the huge $46 billion global online education market. Our network will cover projects in Chinese, Russian, and Portuguese.

— Dr. Michael Garbade, CEO

Pre-ICO Information
The pre-ICO is currently live and ends on December 31, 2017. For the pre-ICO stage, investors can purchase EDU tokens directly with fiat, Bitcoin, Litecoin, Ether and selected ERC-20 tokens (Storj, Qtum, EOS, Decentraland, and Civic). There is a minimum contribution amount of $200 during the pre-ICO, a soft cap of $1,000,000 and a hard cap of $8,000,000. It’s important to note that the soft and hard cap are only reached with the Ether that is contributed. Any non-Ether investments do not count toward the hard cap, so it’s possible that the pre-ICO raises more than $8,000,000. If the hard cap is reached with Ether investments, the pre-ICO will close immediately. All non-Ether investments will still be converted to Ether, but they will not count toward the hard cap. The pre-ICO price is as follows, with bonuses depending on the amount contributed:

1 Ether = 3,300 EDU
1 Bitcoin = 67,000 EDU
1 Litecoin = 1,800 EDU

$200 — $10,000 USD = 25% bonus
$10,000 — $29,999 = 30% bonus
$ 30,000 — $49,999 = 35% bonus
$50,000 — $99,999 = 40% bonus
$100,000 or more = 50% bonus

For more information on how to join the pre-ICO please visit this site page. Any questions regarding the pre-ICO can be emailed to tokensale@liveedu.tv.

ICO Information
The ICO begins on January 15, 2018 and ends February 10, 2018. The pre-ICO prices above are also the prices for the ICO in order to prevent pre-ICO buyers from arbitraging a favorable pre-ICO price:

1 Ether = 3,300 EDU
1 Bitcoin = 67,000 EDU
1 Litecoin = 1,800 EDU

There is a minimum contribution amount of $3 and the sale will be closed within 48 hours if at any point $4,000,000 has been raised. And the following bonuses are available for early contributors to the ICO:

First tranche: 20% bonus
Second tranche: 10% bonus

For more information please visit the LiveEdu website.

Token Distribution Information
There are a total of 250,000,000 EDU tokens being created, with 125,000,000 EDU available across the pre-ICO and ICO. EDU tokens will be distributed to contributors one week after the close of the ICO. No further tokens will be created after the ICO and 20% of revenues are used to purchase tokens back from the market in an effort to decrease the supply of the tokens.

The EDU token is an ERC-20 token and the smart contract for contribution was setup by New Alchemy, a blockchain/ICO consulting company. The ERC-20 token has slight deviations from the normal ERC-20 token and is designed to mimic the Bancor, Filecoin and Civic ERC-20 token. In order to receive your EDU tokens, you must use an ERC-20 compatible Ethereum wallet to contribute Ether, or provide an ERC-20 compatible Ethereum wallet when contributing non-Ether investments.

The allocation of all tokens is as follows:

50% (125,000,000 EDU): Pre-ICO and ICO
13% (32,500,000 EDU): Content creators/streamers
13% (32,500,000 EDU): Team
9% (22,500,000 EDU): Subscription pool (user token purchases)
8% (20,000,000 EDU): Legal and technical advisory, bounty programs, and marketing
4% (10,000,000 EDU): API ecosystem developers
2% (5,000,000 EDU): Supporters (quality assurance and site moderation)
1% (2,500,000 EDU): Learners (viewers)

Use of ICO Proceeds
35%: Team member expansion
25%: Platform development and server costs
15%: Building premium projects
15%: Marketing
10%: Overhead

Team

Dr. Michael J. Garbade | Founder and CEO | LinkedIn
Michael is a serial entrepreneur and has his PhD in finance. He has hybrid experience as a businessman and video streaming/Python engineer. He is the co-founder of Kyuda and ran a myriad of startups at Rebate Networks. He has worked at Amazon, GE, Photobucket and built the cryptocurrency quiz app “Bitcoinmillionaire”.

Alex Zhukov | Backend Developer | LinkedIn
Alex is an experienced Python/Django developer and is proficient in JavaScript, React.js, Go, C, and Erlang/OTP. He is a self-taught programmer and has a master’s degree in radiophysics. He worked in software, systems, and networking positions at ISPs such as Nogorod Datacom and Alphacom.

Ilya Toka | Frontend Developer | LinkedIn
ilya is an experienced JavaScript developer who also love React.js, Sass, Gulp, Webpack, and Git. He is a self-taught frontend programmer and has worked in different positions at several companies, including Criterion and NGO.

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2017-12-24T11:18:13+00:00 December 24th, 2017|Categories: ICOs|Tags: , |

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