7. Token

l Full name of the token: ACAD Token

l Token abbreviation: $ACAD

l Circulation: 5,000,000,000 (5 Billion)

ACAD Token Application Scenarios

By integrating NFT and ACAD Token into every aspect of the Academic Labs platform, the educational ecosystem will become more dynamic, engaging, and rewarding to its users.

l ACAD Token usage scenarios

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

l Attending education centers: Users can use ACAD Tokens to get discounts when attending the education centers that are associated with Academic Labs

l Referral rewards: Users can get ACAD 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 ACAD Tokens to purchase or upgrade their NFT, giving them more rewards and access to exclusive features.

l Tutoring and Premium Content: ACAD Tokens can access premium features, take tutoring sessions, or unlock additional content on the platform.

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

l Teacher rewards: Teachers earn ACAD Tokens by uploading high-quality educational resources, and they can use these ACAD Tokens to access advanced features or services, upgrade their teacher NFTs, or exchange them for legal tender.

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

l ACAD Marketplace: Students who earned ACAD Tokens can purchase merchandise like school items or stationery, pay for discounted lessons from enrichment partners, etc in the marketplace