Extra Credit XTRA, found online at ExtraCredit.io, is an online learning platform built around cryptocurrency. Find out how it works today in our review.
What is Extra Credit XTRA?
Extra Credit is an online learning platform where users can learn about bitcoin and blockchain technologies. The goal is to educate more people on how cryptocurrencies work, then reward them with a cryptocurrency called XTRA for completing each course.
Today, companies worldwide are struggling to find enough blockchain experts. This problem can be linked to the fact that blockchain is brand new, and there are few schools specializing in blockchain technology. The field grows and changes on a near-daily basis, and companies are struggling to find competent experts.
Extra Credit aims to solve this problem by providing a platform where novice users can learn more about the industry. Let’s take a closer look at how Extra Credit works.
How Does Extra Credit Work?
Extra Credit provides a platform where users can learn about bitcoin and blockchain technologies. The platform incentivizes learning by giving students an opportunity to earn XTRA tokens when they complete courses or achieve good scores in any competition. Contributors can also earn by providing modules that students can follow.
Investors can invest in Extra Credit to earn through multiple revenue streams. Investors can earn money through course commission fees, for example, paid promotions, and paid sponsorships. Users can also earn money by referring people to the platform through the affiliate program.
Two key components of Extra Credit are the Extra Credit (XTRA) tokens and BitcoinHomework.
XTRA tokens incentivize participation in the platform, while BitcoinHomework is a learning portal for people of all levels of experience in the cryptocurrency industry. BitocinHomework is a hub for sharing ideas and learning about different aspects of the crypto industry.
Overall, Extra Credit’s platform consists of free and paid online course subscriptions as well as open, active discussions across communities. Users can join courses or participate in chat rooms and forums, with the overall goal being to expand knowledge across the crypto industry.
When a student signs up for a course, they’ll enter into a smart contract. That smart contract will deliver XTRA tokens on completion of the course. This gives students extra incentive to make an income.
What Problems Does Extra Credit Seek to Solve?
There’s already a hiring crunch in the blockchain world. Many companies – including those inside the blockchain industry and those outside – are struggling to hire competent individuals for blockchain-related positions. Companies like Deloitte, PwC, and KMPG are struggling to find employees who can work in this area of expertise. They have slots for thousands of experts worldwide, but they can’t find enough qualified individuals.
Meanwhile, individuals struggle to become qualified experts in blockchain technology. There are no formal blockchain schools, and only a small number of schools offer blockchain courses or degrees. Colleges are struggling to create educational programs in a field that’s changing on a daily basis.
The Extra Credit whitepaper mentions that there are 20,000 blockchain developers with the requisite skills worldwide. These individuals earn average salaries from $64,000 to $149,000.
Who’s Behind Extra Credit?
Extra Credit was created by CEO G. Curtis, described by the whitepaper as “a visionary in the world of blockchain development.” G. Curtis is supported by a team of blockchain engineers and specialists.
The team was formed in 2017. A website was launched later in the year, with a pre-ICO and ICO taking place throughout December and January.
The Extra Credit XTRA Token Sale
The Extra Credit token sale for XTRA tokens began with a pre-ICO on December 1, 2017 followed by a general ICO in Q1 2018.
Of the total supply of tokens, 300 million are reserved for the public ICO (50% of the total supply), with the remaining tokens reserved for the pre-sale (100 million or 16.7% of the total supply), the Extra Credit team (150 million or 25%), bug bounties and promotions (5 million or 0.8%), pre-sale bonuses (20 million or 3.3%), and an ICO referral program (5 million or 4.2%). There’s a total supply of 600 million tokens.
Extra Credit XTRA Conclusion
Extra Credit claims to be the world’s first educational cryptocurrency. The platform will offer a variety of free and paid courses, including courses offered by sponsors. Students enter into a smart contract when they sign up for a course, then receive payment in XTRA tokens at the completion of the course.
The ICO for XTRA tokens is underway throughout December 2017 (pre-ICO) followed by an ICO in Q1 2018. To learn more about Extra Credit and the XTRA ecosystem, visit online today at ExtraCredit.io.