Question 1

What is Student Coin (STC)?

Accepted Answer

Student Coin (STC) was a blockchain-based ecosystem designed to enable students and educational institutions to create and manage personal, corporate, NFT, and DeFi tokens. Launched in 2018, it aimed to provide access to blockchain applications tailored for academia and business. The platform offered educational resources and decentralised finance tools, allowing users to create tokens tied to their real-world identities.

Question 2

What is Student Coin (STC) used for?

Accepted Answer

STC was the native utility token of the Student Coin ecosystem, serving the following purposes:

* **Governance**: Token holders could participate in governance decisions through voting.
* **Token Creation**: Allowed users to create custom tokens using the Student Coin Terminal.
* **Staking**: Users could stake STC for rewards.
* **Ecosystem Services**: Used within the ecosystem for payments, access to services, and other utilities.

Question 3

Who created Student Coin (STC)?

Accepted Answer

Student Coin was founded by Wojciech Podobas, who served as its CEO. Podobas is a Polish entrepreneur and blockchain enthusiast known for his book "Cryptocurrency Encyclopedia: the comprehensive guide through the 100 most important cryptocurrencies." The founding team also included students and professionals from various academic institutions, with the goal of integrating blockchain technology into the education sector and building a global community around tokenisation.

Question 4

Token Redemption Process

Accepted Answer

After developing Student Coin for five years, the team has decided to close the project and initiate a token redemption process. Here’s a summary:

* **Buyback Details**: All STC tokens will be bought back from holders at a price range of $0.006 to $0.0137, depending on user activity. The official [announcement](https://coinpaper.com/4024/student-coin-redemption-team-announces-it-will-buy-back-all-stc-tokens-in-the-next-5-years) specifies that the redemption price varies based on user participation and loyalty within the platform.
* **Delisting**: STC is being delisted from all exchanges to prevent speculative price fluctuations during the redemption process. Holders are advised to follow the official instructions on the [Student Coin website](https://studentcoin.org).
* **Redemption Timeline**: The process started on April 9, 2024, and will continue for five years to allow all holders to redeem their tokens.
* **Burning Remaining Tokens**: Any unredeemed tokens will be burned at the end of the redemption process.
* **More Information**: Visit [studentcoin.org](https://studentcoin.org) for the official announcement and instructions.

***The official Student Coin ticker is “STC” and trades under that name on all the exchanges where it has been listed. The designation “STUDENTC” is for CryptoCompare.com only.***


STC	ERC20	ETH	0x15b543e986b8c34074dfc9901136d9355a537e7e	2021-03-27
STUDENTCV1	ERC20	ETH	0xb8b7791b1a445fb1e202683a0a329504772e0e52	2020-06-25