Afterschool is a two-way blockchain-based marketplace that helps parents pick the best after school activities for their kids. Here’s our Afterschool review.
What Is Afterschool?
Afterschool, found online at Afterschool.ae, is a blockchain-based platform that helps parents book the best after school activities for their kids. The platform promises to offer simplified booking management and fun after school activities for parents and kids while allowing businesses to market directly to new potential customers.
The Afterschool token sale launched on September 26, 2017 and goes until October 26.
The company was founded in 2015, when it was launched in the UAE with the goal of helping UAE’s parents find good activities for their children. Over the years, Afterschool has already partnered with 500+ activity providers and has generated more than $2 million worth of activity booking. They also expanded to include nurseries and schools, and are seeking an expansion into Southeast Asia and Europe.
Now, with their token sale, Afterschool aims to take advantage of blockchain technology to push their business forward.
How Does Afterschool Work?
Afterschool promises to help parents discover, plan, and book the best after school activities for their children while also helping activity providers find new customers and manage their business. In addition to offering a P2P marketplace, Afterschool offers business owners an end-to-end solution to help them acquire and engage with customers.
The decentralized Afterschool solution involves a reward system where users earn Afterschool tokens (AST) for their successful contributions to the platform.
In the future, the developers hope that AST tokens become the go-to digital currency for the education industry as a whole. In addition to using tokens on the Afterschool platform, there will be an array of smart contracts connected with the after school industry, where AST will be used as a core digital currency.
Parents can use the platform to discover and book afterschool activities. Parents can choose activities based on reviews from previous clients. Businesses, meanwhile, have a reputation to uphold. They can gain exposure through the platform and manage bookings. The Afterschool platform at the center, meanwhile, charges a service fee for each transaction.
How To Earn AST Tokens
You earn AST tokens for “contributing to the platform.” Some of the possible ways to contribute to the platform include:
- Registering to the service and verifying your account
- Referring friends
- Promoting the service
- Adding children into the database for parents
- Adding parents and children into the database for providers
- Curating existing providers
- Reviewing existing providers for other parents
- Replying to reviews to answer questions from other parents
- Writing editorial content for the platform
How To Spend AST Tokens
- Meanwhile, users can spend AST tokens on all of the following activities:
- Subscribing to activity providers
- Purchasing services from the secondary market
- Advertising activities and business services on the marketplace
- Booking an activity
Who’s Behind Afterschool?
Afterschool was founded by Joanna Nazareno, a mother of three who has worked in the children’s education field for her whole career. Nazareno is also the Head of Business at Afterschool.
Other key members of the team include Pam Williams (Head of Sales), Cottie Ragany (Operations Manager and Co-Founder), and Walfrido Perez (CTO and Co-Founder).
The Afterschool Token Sale
Afterschool tokens are used to reward the community, and to book services through the platform. There’s a total supply of 800 million AST tokens. The number of tokens distributed in the crowdsale is equivalent to a $12 million max hard cap. Each AST token is valued at $0.05 USD.
The tokens are built on the Ethereum blockchain.
The token sale is scheduled for September 26 to October 26. The developers are accepting Ethereum as payment, with a minimum goal of $1 million USD and a maximum goal of 50,000 ETH.
Discounts are available throughout the token sale, with up to 60% discounts available during the first stage.
60% of the total supply is going towards the crowdsale. 15% is reserved for the founders and team (locked until an MVP is released), 10% is going towards seed funding, and 15% is going towards advisors and partnerships.
Afterschool aims to help parents plan afterschool activities for their children in a more transparent and efficient way. Thanks to Afterschool, parents and businesses can transact with one another over a blockchain-based marketplace.
Afterschool was first launched in 2015. With their September/October crowdsale, they’re seeking to raise money to push the platform onto decentralized blockchain technology.
To learn more about Afterschool, or to contribute to the token sale today, visit Afterschool.ae.