In the last 2 years, more and more people have entered the crypto space and new projects with attractive tokenomics and multiple applications have mushroomed. While trading crypto is an attractive prospect, it’s important to make sure you spend your money on stable projects with high growth potential. For this reason, many crypto enthusiasts are choosing to spend their money on utility tokens rather than security tokens. The SOWL Token is a utility token.
What is a security token?
A security token is designed to give you a return on your investment after you buy it. In other words, a security token is developed with the sole purpose of helping you grow your money. The value of a security token is based on a separate tradable asset, such as stocks or property. On a basic level, a security token is an investment. As such, any company launching a security token offering (STO) must register it with an appropriate financial market authority.
What is a utility token?
A utility token is built with the purpose of giving the holder rights to a future product or service. For example, a gaming company could develop a token that allows players to make in-app purchases, access special features or buy merchandise from the game’s online store.
Utility tokens are more stable and offer more growth potential than security tokens because they have many use cases. This is why the SOWl Token is a utility token. After all, cryptocurrencies have no inherent value – their value is determined by supply and demand. For this reason, a utility token that offers meaningful applications that matter to the public is likely to earn more value than a security token. The potential for growth depends on how well a utility token addresses the problems it was built to solve. Likewise, the effectiveness of the token determines how many people adopt it.
However, just because a token has utility doesn’t necessarily guarantee that it’ll grow in the future. Ultimately, the token has to offer a utility that is valuable enough to make it appealing to the public. As more people adopt a utility token, it grows in value.
More crypto developers are realizing the potential that blockchain technology has to solve problems in other industries. In its most basic form, blockchain is a decentralized, peer-to-peer distributed ledger that stores data and records transactions. Every member of the blockchain community has his or her own copy of the data. Following that, the data is organized into blocks and secured with powerful encryption, resulting in a data chain. Since the blockchain system architecture restricts changes to blocks, every action and event can be traced back to its source. It can record data on the parties’ agreements, their credentials, transactions, and any other digitally presented information. Given that this information is widely disseminated and very secure, any effort at fraud can be detected by the blockchain community. This establishes confidence and transparency in any environment in which the blockchain is implemented.
The key pillars of blockchain technology are what lay the foundation for its uses across different industries, including education. Megan Hallett, a dedicated teacher and crypto developer, recognized this and decided to create a token to help solve the problem of education inequality around the world. She launched SOWL Purpose, a program that allows people to buy $100 worth of SOWL Token and sponsor 1 child for 6 free months of virtual education on her EarlyBird app. With this program, crypto enthusiasts can invest and help kids at the same time.
Why SOWL Token?
SOWL Token is not just about a crypto. At SOWL Token, you can buy a token with strong growth potential and help children all over the world. The world is already filled with crypto developers who are just in it to make a quick buck. Every so often, a new developer builds yet another popular project using dirty tactics such as knocking off competitors’ solidity codes and undercutting competitors with lower transaction fees and higher returns. The cryptocurrency space is dominated by people competing to make the most money. In fact, the average developer abandons their project after they’ve made $100k. As an educator, Megan was frustrated with seeing one project after another that was just designed to make money. She wanted to transform the cryptocurrency landscape with a project that not only gives back to the developer and the token holders, but also helps children in need.
How blockchain technology can improve the education sector
Unfortunately, the education sector continues to suffer the same problems that have plagued it for years. Inefficient paper-based record-keeping methods, a lack of transparency, inadequate student and teacher accountability, a lack of true desire for students to study and perform well in class, and a lack of trust in educational merits and academic degrees due to falsification are all examples of this. As mentioned previously, blockchain technology has the capacity to impact education and address all these challenges by providing tangible solutions.
First of all, blockchain has the ability to provide enhanced and transparent record-keeping. A school’s registrar’s office only needs to create a student record once when employing immutable blockchain storage. After that, it is available to all educational system participants and can even be shared between institutions. Every task, assignment, school involvement, and extracurricular activity is added to the student’s digital record as a block that can be viewed in the student’s profile. Teachers, counsellors, and school officials can get a bird’s eye view of their kids’ progress. Aside from storing student data, blockchain systems can be used to supervise and facilitate school, college, and university accreditation, secure intellectual property rights, and eradicate diploma and transcript forgery. Educational records stored on the blockchain can be accessed and transmitted swiftly to other schools and organizations, including potential employers. To grant access to their profile, all a student has to do is share a link or their digital address. Since a full history of changes is maintained on the blockchain – along with signatures from the people who made the changes – this type of solution provides complete legitimacy of credentials and student data.
Smart contracts provide better student accountability. Teachers can utilize blockchain smart contracts to enter into digital agreements with students over the fulfilment of their assignments. The agreement spells out all of the assignment criteria, including the directions, conditions, due date, and deadlines. After a student completes the work and meets all of the criteria of the agreement, they may be granted automatic entry to the next section of the course or get credit and a certificate of completion. Ultimately, smart contracts can help provide personalized learning within a typical classroom setting. They also create the incentive that is sometimes lacking in traditional educational systems.
As mentioned previously, there is still the issue of lack of motivation when it comes to learning. Blockchain technology offers a solution by incentivizing students and teachers to achieve better results. When used well, the technology can inspire students and urge professors to participate in the educational process by generating new learning materials and participating in research. Cryptocurrency and tokenized credits can be utilized to create efficient incentive systems. Smart contracts can be created to reward fulfilled activities with cryptocurrency. Teachers will be able to further motivate kids by awarding extra credit to top performers. At the end of the day, blockchain technology has the potential to take modern education to the next level by fully using the gamification factor. Tokenized credits could be used to pay off student loans, buy school supplies and other instructional resources, and cover other educational costs. Rewarding students for completing a specific major and getting a university credential could drastically reduce the percentage of students who drop out without finishing college.
Finally, blockchain technology allows for learning performance tracking and individualization. Educators now have additional resources to monitor and oversee their pupils’ performance because of the openness provided by blockchain data storage. Schools can provide a fully tailored learning environment by employing smart contracts as tools to determine where a student is struggling. Institutions across the school district can access student performance data stored on a blockchain and utilize it to improve educational processes. This type of system might aggregate performance records on a district, state, and national level and enhance healthy competition among schools, colleges, and universities on a worldwide scale, with the ultimate goal of providing the best possible education.
How the SOWL Purpose works
For every $100 of tokens that you purchase, SOWL Token sponsors one child with a free semester of EarlyBird’s virtual education system. In order to support this cause, you need to buy tokens through SOWL Token’s presale, ICO or IFO. For every $100, you’ll receive 333,334 SOWL Tokens. Once the transaction is complete, you simply need to send an email or message to SOWL Token with proof of purchase.
SOWL Token verifies the purchase details, after which the team chooses one child from their “Free Virtual Education Waiting List” and emails them an invitation to the program. The SOWL Token team then shares the first name and country of the lucky child with you. The SOWL Token team sends progress updates every 6 months so that each token holder can keep up with how the child they’ve sponsored is doing.
The world is inundated with many crypto projects designed to help token holders and developers make money fast. If you want a crypto that makes a difference, then you should invest in SOWL Token and help Megan advance the education of our youth globally and turn education equality into a reality. SOWL Token is driven by tokenomics that will help make the world a better place for generations to come. The SOWL Purpose program already has 200 children on the waiting list. Buy SOWL Token today, watch your money grow and see a child smile.
You can also connect with the SOWL Token community on Twitter.