Okane Academy Educates the Masses on How to Navigate the Crypto Space
A new e-learning project dubbed the Okane Academy is looking to educate people on the requisite tools they need to achieve their objectives in the fast-evolving world of blockchain and crypto. The project, named after the Japanese word for money, aims to impart the basic mathematical and financial knowledge required to make sound decisions when investing in crypto.
The importance of mathematics to crypto investors is that concepts like percentages and simple and compound interest are often used to calculate profits when investing in crypto. As such, a thorough understanding of those principles will help investors make better decisions before committing their resources to a project.
Most of the terms used in the blockchain space are derived from traditional finance. Therefore, having sound financial knowledge will make it easier for investors to navigate the crypto world and analyze their investments more critically.
The Okane Academy will also strive to show the many potential uses of blockchain in everyday life and hopefully increase the number of people interested in using the technology. Important content on the Okane platform will be available for free, but learners will have the option to upgrade to premium content for a relatively low fee.
The OKANE Token
As is customary with any crypto ecosystem, Okane Academy is powered by its native token, OKANE. This token plays four roles on the Okane Academy platform: financing, investment, education, and payment.
The Okane Academy will rely on the capital derived from the presale of OKANE tokens to finance the building of its website and e-learning platform and to compensate the personnel responsible for developing the academy’s learning materials.
As an investment tool, profits made from activities on the Okane platform will be distributed to investors in OKANE tokens. E-learning is a lucrative business model, and a head start in the crypto education niche will ensure that Okane Academy makes healthy profits shared among investors. Besides that, holders of the token also stand to profit from any increase in the value of OKANE and receive a share of taxes imposed on transactions carried out using the token.
Learners on the Okane platform will use the token to practice crypto trading in real-world cases as an educational tool. Holding a certain amount of OKANE will also give learners access to premium content without additional costs.
And finally, as a payment tool, the token will be the primary medium of exchange on the Okane Academy platform and its affiliates.
OKANE has a total supply of 30 million units. Of that amount, 18.4 million tokens will be offered at a presale on Unicrypt, while 9,737,280 tokens will be locked up in a liquidity pool. 1,494,720 tokens will be left in the project wallet, and the remaining 368,000 tokens will be used as payment for the Unicrypt presale process.
Any trade using the OKANE token will attract a 10% transactional tax, which will be distributed in the following manner:
- 4% will go back into the project wallet to cover the cost of developing quality materials and compensating Okane Academy personnel.
- 3% will be used to reward OKANE holders in proportion to the number of tokens they own and the length of time they have held them.
- 3% will be locked up in a liquidity pool to protect the long-term stability of the OKANE token.
Okane academy’s detailed roadmap starts with the project’s smart contract launch, followed by a presale of its native token on Unicrypt. To participate in the presale whitelist, potential investors will have to fill an application form and follow Okane Academy’s social media handles. The main advantage of being on the whitelist is that when those whitelisted buy 2BNB worth of OKANE, they will receive 5% more tokens than those purchased in the regular presale.
The third step in the first phase of this roadmap was a smart contract audit, and a know your customer (KYC) verification process on the project team. The smart contract audit was carried out by SolidProof, a German-based crypto security auditing firm with a stellar reputation in the industry. The project passed the audit, and no high or medium criticality issues were found in the smart contract.
The second phase of the Okane Academy roadmap will begin with launching its native token on PancakeSwap, followed by concerted media engagements to popularize the project. A listing on CoinGecko and CoinMarketCap, two of the most referenced websites for analyzing and tracking the price of crypto assets, will soon follow.
The third stage of the roadmap, slated to begin sometime in February 2022, will see the commencement of web development for the project and planning for the educational content to be used on the platform. The project team will endeavor to use its blog to provide frequent updates on the developments taking place on the Okane platform. This phase will also see the academy forging partnerships with various blockchain platforms to grow its footprint and improve its infrastructure.
The final stage of the Okane roadmap will see the project officially launched and the platform expanded into other languages to bring even more learners onboard. The Okane team also plans to extensively market and publicize the project to reach a global audience during this phase. Okane Academy will also look to form partnerships and alliances with traditional educational institutions such as schools, colleges, and universities.
A lack of information about blockchain and its applications has made it difficult for more people to get involved with this new technology. The same lack of knowledge has made it easy for people to be duped into investing in fake projects where they have lost a lot of money.
Okane Academy is a timely and much-needed project which, if successful, will see more people investing in crypto and fewer of them losing good money to bad actors.
E-learning is convenient, cost-effective, efficient, and sustainable. It is the best and least costly method of teaching people about crypto. And by entering the crypto education niche early, Okane Academy will have already established itself in that space by the time similar projects emerge.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision.