Disrupting a $84 Billion dollar Industry with Blockchain Technology
ESL Coin is a community project that is set to disrupt the 84 Billion dollar language learning industry. Running in parallel with its ETH cousin where high gas fees are an issue, ESL Coin BSC will enjoy the benefits of low gas fees offered by the BSC ecosystem making microtransactions possible.
English has been the effective lingua franca since the ascendance of the British Empire in the 19th century. It is still used as a common global language to this day, and proficiency is especially prized in countries competing to export to the massive combined economy of the United States, Canada, Australia, Great Britain and Ireland. This has created a global industry worth billions of dollars; in rich manufacturing centers such as South Korea, there are even celebrity ESL tutors making seven figures! Students from all over the world learn English from native English teachers—often traveling to dedicated schools overseas—forming a robust community with its own Meetups and conferences. Our team includes highly qualified ESL professionals with years of experience in the industry, and we are partnered with established ESL organizations. This includes one of the largest related Meetups and Facebook pages in the world, whose growing online community created the need for our upcoming blockchain-powered ESL app.
While we take English for granted, there are billions who are eager to learn the English language but are prevented from doing so due to many existing barriers in the current English learning system from cost barriers to inefficient distribution systems and poor proficiency testing systems. The limitations in the current system has resulted in varying education levels across the board often only the wealthy could afford quality education and are often charged astronomical rates for language schools. The inefficiencies and lack of transparency in the education delivery & grading system has resulted in many exploits where profiteering schools & exam providers are known to ‘sell language proficiency levels’ to language learners based on their ability to pay and not their accomplishments in learning.
Globalization and the rise of technology have allowed many to have access to the internet. One of our goals is to make English learning accessible from anywhere in the world regardless of social economic background. We seek to create a blockchain system that removes inefficiencies and provide the benefits of blockchain to the language learning space. As long as you have a phone and internet connection, you can be connected to a global network of native speakers who can help you learn and become more fluent at communicating in English.
(Codename STUDENT) ESL Coin will launch to the technical community through a fair launch on a decentralized exchange on the BSC network. Token holders can acquire tokens through PancakeSwap.
(Codename TUTOR) The development team will start rolling out an ecosystem of dApps on the ESL Coin BSC network through in house development and development grants.
(Codename GRADUATE) ESL Coin BSC will be released to the wider public for purchase at this stage. A portion of the developer pool will be allocated to paying listing fees on major centralized exchanges like Binance, OKEX and Kucoin.
(Codename TEACHER) A governance system will be implemented and token holders are invited to partake in the direction and vote on operational aspects of ESL Coin. Voting will be rewarded with tokens from the voting pool.
(Codename PROFESSOR) ESL Coin will work to become cross chain compatible with the ETH, Polkadot, Cardano, Fantom and Solano Network.
(Codename DEAN) ESL Coin network will be reaching out to major colleges and universities to build up adoption of ecosystem dapps such as test score transmission platform and verification system for educators.
More dApps will be added over time. Community developers are invited to participate in the developers grant program.
The ESL Industry is estimated to be at $84 Billion USD and has a lot of opportunity for improvement. From tutor matching to accommodation and improving school grades, ESL Coin seeks to create an open sourced ecosystem for developers to create dApps to disrupt & decentralize this multi billion dollar industry.
The ESL Coin team consists of language teachers, community builders and developers with a passion to make English learning a possibility to everyone around the world regardless of socio economic backgrounds. The ESL Coin project is a parallel independent fork of the Eth project. We do hope to work together when we reach Phase 5 - CODENAME Professor (Cross Chain Compatibility).
ESL Coin is designed to be a deflationary UTILITY TOKEN and the whole project is a huge experiment until we reach DEAN PHASE (Phase 6).
The token will have a supply cap of 10 Million Tokens and a 7% burn mechanism to ensure deflationary property.
The Binance Smart Chain implementation of ESL Coin will consist of a technical launch within the BSC ecosystem followed by an eventual public launch to major centralized exchanges.
A development pool of 3 Million premine is retained by the development team and will be unlocked overtime for the purpose of:
Ecosystem & Growth | 10.00% | 1,000,000 ESL
ESL tokens reserved for future ecosystem objectives like partnerships, marketing, governance & DAO etc.
Farming Rewards | 65.00% | 6,500,000 ESL
ESL tokens reserved and set to release through liquidity farming and staking with platform or partner platforms over the course of 2 years.
Developers Grant | 10.00% | 1,000,000 ESL
ESL tokens reserved for developers grant fund to incentivize new dapps on the Ecosystem.
Launch Liquidity | 5.00% | 500,000 ESL
ESL tokens reserved for liquidity with in-house & external exchanges (Eg. PancakeSwap)
Team & Advisors | 10.00% | 1,000,000 ESL
ESL tokens reserved for the ESL team & advisers on board. Team tokens are locked and vested to demonstrate long-term commitment.
ESL Coin will eventually evolve into a Decentralized Autonomous Organization (DAO) such that token holders can participate in the governance and operations of the ecosystem.
Run for the ESL Coin senate, contribute to community development and receive airdrops and rewards.
More information on the DAO and what to expect can be found at the governance section
Tell your friends and others about ESL Coin! Let's build up a community of crypto enthusiasts who would like to school the unschooled population.
Are you a developer? We invite you to build dApps for the ESL Coin that are focused on disrupting the language learning ecosystem.
Be part of history in the making by getting your hands on some ESL Coin. Stake them and test out the apps for bounties and rewards.