5.2 Utilities

The utility of AAX tokens can be categorized into four key areas:

1. EduFi:

Academic Labs leverages AAX tokens to incentivize educators to create high-quality content and encourage students to engage in daily learning. The tokens enable learners to access courses at affordable prices while fostering a community-driven mechanism that sustains a rich content base and promotes the growth of a Universal Knowledge Library.

2. DAO:

AAX tokens play a crucial role in the governance of initiatives powered by Academic Labs. By holding or staking the tokens, users can actively participate in the decision-making process of the platform, ensuring a decentralized and community-driven approach to platform management.

3. DIDs:

Academic Labs harnesses blockchain interoperability to allow users to showcase their educational credentials, talent profiles, and skills across various platforms. By using AAX tokens to connect with different initiatives within the platform, users can enhance their digital identities (DIDs), enabling them to permanently demonstrate their lifelong learning and skills. This process empowers users to identify knowledge and skill gaps, fostering their career development.

4. Ecosystem:

Educational applications running on the AAX EduFi Chain Platform are required to pay a certain amount of AAX tokens to access specific data and features. This ensures that the ecosystem remains sustainable and that the value of AAX tokens is closely tied to the growth and usage of the platform.

Practical Examples:

l Incentivized Learning: Users can earn AAX Tokens by participating in educational content, such as watching videos, completing quizzes, or collaborating with peers.

l Accessing Educational Resources: Users can use AAX Tokens to access the educational resources that are associated with the Academic Labs Ecosystem, both offline and online.

l Referral rewards: Users can get AAX Tokens rewards by inviting friends or classmates to join the Academic Labs platform to promote community development.

l NFT Acquisition and Upgrade: Users can spend AAX Tokens to purchase or upgrade their NFT, giving them more rewards and access to exclusive features.

l Participate in competitions: Students can earn AAX Tokens by participating in competitions or challenges organized by the platform, such as essay writing competitions, coding challenges, or creative projects.

l Educator rewards: Educators earn AAX Tokens by uploading high-quality educational resources, and they can use these AAX Tokens to access advanced features or services.

l Staking: Users and teachers can stake their AAX Tokens on the platform for additional rewards or benefits, promoting long-term commitment to the platform and stabilizing token value.

l AAX Marketplace: Students who earned AAX Tokens can purchase merchandise like learning items, books, or stationery, pay for discounted lessons from ecosystem partners, etc in the marketplace