NTOK Platform Mission is to Facilitate Learning use technology blockchain peer-to-peer

supriatna (25)in #tes • 7 years ago

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The education market is rapidly moving from offline to
by online. Tutoring, one of the segments
largest of the education market, is estimated at US $
227 billion by 2022. Currently, online tutoring
accounted for only 3-5% of the tutoring market, but expected
growing fast and becoming mainstream in the field of study
language, preschool preparation, additional instruction for K-
12 students, continuing professional education.
Distance learning with tutors is expected immediately
into teaching and learning of the usual methods in
various subjects and topics. Students and studients,
adults, and parents will choose learning
distance with the teacher as a way of obtaining
new knowledge or valuable cultural experience,
preparing exams, improving skills
professional, or just learning to have fun.
Over the next few years more than 70% of the market
les is expected to go online.
The NTOK platform is intended to solve all prob-
lems this by developing a guidance ecosystem
based online blockchain technology. this key NTOK participant
are tutors and students. Other participants include content and
educational device provider interested in
attracting the attention of NTOK audience for their prod-ucts.

The main focus of the NTOK platform

is on foreign languages,
other popular subjects and topics, education
preschool, additional instruction for K-12 students, as well
coding and blockchain courses. NTOK allows tutors
specializing in a variety of subjects
to join the platform. After finished
series of online lessons, students can start work
with different tutors on the same subject, or him
/ he can learn with some tutors at that time
same.The open nature of the platform means that Ecosys-tem will
can grow rapidly. In NTOK, every student can
find a tutor and every teacher can find
college student. Unlike other "intermediate" models for
bring students and tutors together, NTOK take
minimum commission for direct contact: this is possible
to produce in-terest in service with
keeping it affordable, to reduce prices
service, and to attract large numbers of students to
ecosystem.
The middle part of the platform is the NTOK cryp-to-mark
used for various purposes, especially for
pay for lessons by students and earn
earnings by teachers and content providers.

We have created an Alpha version of the platform
NTOK. Currently, we test it as a language school
English online at tutor-ninja.com, which will be the project
pilot for the decentralization of new models (peer-to-peer)
to interact with a centralized online school. Through
lessons already being made on the tutor-
ninja.com, we communicate reg-ularly with both
students and tutors and get that feedback
quick of them about how our platforms are
peer-to-peer should flourish and which function should
become de-veloped.

Transactions on the NTOK platform will be paid for us-ing
token NTOK. We understand that some partic-ipants
may not find buying and selling crypto-tokens
fully intuitive at first. To create a platform
as acces-sible possible for everyone, us
intends to simplify the token purchase process
allows customers to use the method
traditional fiat currency payments, while incentives
creat-ing for them to use a direct token.
We hope that the NTOK token value may be folded
significantly overtime in case of rapid increase
in the number of platform members and the use of to-kens,
which should make a high demand for tokens
NTOK. The NTOK management team is an incentive by grants from
NTOK tokens are subject to lock up certain conditions.

details ICO

Pre-sale is to take place between 5
December 2017 and January 15, 2017. During such pre-
sales, NTOK tokens will be sold subject to purchase
a certain minimum of NTOK tokens worth 1 NTOK = $ 1.00.
Additional bonuses may be provided during pre-sales.
The general sales period of ICO is to take
place being-tween 15 Janth, 2018 and February 15th, 2018.
The ICO period may be extended, if required. To-kens
expected to be distributed within 2 weeks af-ter
ICO expired or earlier.
NTOK tokens will be issued with a starting price of $ 1.00
each during the first week of the ICO general sales period.
During such a general sale period, the price for a token
NTOK will increase every week as arranged
in the table below:

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Learning platform

NTOK learning platform provides functionality
as follows: search, selection and assessment of
tutors, online scheduling, payment, virtual class
rooms, interactive tests, licensed content, video lessons.
Our technical platform is based on ReactJS, Golang and
audio / video streaming service Open-Tok (temporary
in future audio and video will be streamed by
Dapp a blockchain solution)

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BLOCKCHAIN

Tutors will get paid in NTOK tokens directly by students
through the Ethereum blockchain (ERC20 standard).
For better user experience fiat currency to token ex-
change capability will be integrated into the system.
Rating and review system for tutors, video lessons and
education content will be based on Ethereum smart
contracts. Students will be able to rate tutors only after
paid lessons. Video lessons and education content will
be rated after payment (for paid content). Ratings will
be based on the blockchain-based reviews and impossi-
ble to change and manipulate.
In addition, video lessons and other content could be
located in distributed file storage systems built on DHT
technology and content address such as Sia, Storj,
Ethereum Swarm, MadeSAFE and others. This will allow
to reduce storage and maintenance costs.

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ICO
details
Various bonuses and discounts could be provided dur-
ing the ICO as promo actions. All payments can be
made only through the bookbuilding platform provid-
ed by ICOBox which can be accessed only via ntok.io
website. Both of the website and bookbuilding platform
passed an independent audit including Pentest (black
and white box) as recommended by OWASP Top-10.
Auditors are certified by CEH, CISA, CISSP, OSCP and
have a huge experience.
We use coinpayments.net as a merchant. Our wallets
are protected by hardware wallet Trezor and additional
password. Our website is located on Amazon servers.
Hosting can be accessed only via both two factor au-
thentication and static IP. We are not using wi-fi con-
nection to access financial services and hosting.
NTOK tokens can be purchased via ICOBox bookbuild-
ing platform. We accept fiat currencies and the follow-
ing cryptocurrencies: BTC, BCH, ETH, LTC, Dash, Zcash,
ETC. Paypal and credit cards are not accepted.
Total proceeds from the initial sale of NTOK tokens will
be capped at $15 million, not counting NTOK tokens al-
located to a reserve, the team, and advisors. Additional
tokens worth of 192 BTC and converted into USD will be
issued to the ICObox as consideration for the provision
of ICO advisory services and the bookbuilding plat-
form. ICObox tokens BTC/USD exchange rate capped
at $5,650 per 1 BTC in order to protect NTOK token
holders from a potential significant appreciation of BTC
during the ICO.
NTOK tokens, other than those issued to the ICObox,
will be distributed as follows: 70% to the public, 7% to
the NTOK platform reserve, 3% towards bounty, 20% to
the team & advisors. In case bounty tokens are not fully
utilized, those remaining could be distributed amongst
the team & advisors or put in reserve. The final number
of tokens distributed per category of recipient, other
than tokens reserved for the ICOBox team, will depend
on the demand generated during the ICO. The token
Standard used will be ERC 20.

Use of proceeds from NTOK token sale

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Tutor Ninja token smart contract

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Competitors

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Token economics

A substantial part of the proceeds from the ICO will be
used for financing marketing, attracting new students
and tutors on the NTOK platform. On average, every
student is expected to conducts 8 lessons per month
per subject studied. Assuming that the average tutor
rate $10/lesson and the NTOK token price is $1 per to-
ken and that there are 100,000 students (representing
less than 0.1% of global number of students) the de-
mand for the NTOK tokens is expected to be 8,000,000
NTOK per month to be used for paying for such lessons
which would generate 1,600,000 NTOK in fees for us
(calculated on the basis of a fee of $2 in NTOK tokens
per lesson).1)
Also, in order to attempt to sustain demand for the
NTOK tokens, we will allow other schools run by out-
side third parties (as well as our in-house developed
online schools and our franchisees) to join the NTOK
ecosystem. It is expected that this will result in a rise of
the total number of students present in our ecosystem
as well as a related increase in the marketing budgets
used to attract such students by the relevant education
providers leading to further promotion of the NTOK
platform.
A significant part of any fees we are able to generate
from the use of the NTOK platform by third parties will
be reinvested in the further expansion of the NTOK
ecosystem, the acquisition of teams and companies
focused on the development of education technolo-
gy and similar products and services, and investment
in intellectual property, technology and other related
matters.
Finally, it is anticipated that the turnover of NTOK to-
kens will grow in line with any increase in the number
of partners, such as content and equipment providers,
However, there will be a number of mechanisms put
in place to encourage the holding of NTOK tokens as
opposed to selling those. For example, not all NTOK
tokens functionalities will be available immediately
following the ICO. Methodical content and education-
al equipment providers are expected to join the NTOK
ecosystem in half a year and a year, respectively, follow-
ing the NTOK platform launch, which is hoped will po-
tentially increase the NTOK tokens’ value and encour-
age participants not to sell their NTOK tokens before
such time.
Also, there will be bonuses for ecosystem members
who hold a substantial amount of tokens. For example,
tutors holding a significant amount of tokens will be ad-
ditionally promoted during searches, which is expected
to discourage them from selling earned tokens immedi-
ately after delivering lessons and being paid.
From our side, we will not only burn2) part of the NTOK
tokens we earn as a fee for lessons ($2 in tokens/les-
son), but also we plan on spending part of the funds
received during the ICO on buying NTOK tokens from
from the exchanges, thus reducing turnover of NTOK
tokens. Finally, there is a lockup restriction applying not
only to the NTOK team, but also to our advisors (incl.
ICOBox) who are holding NTOK tokens.

Numbers are for illustrative purposes only and no
representation or promise is made regarding future
performance or profitability
Burning is a process involving sending the unsold
tokens to an electronic address which no third part has access to.

Our solution provides:

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