According to stats, only 10% of courses on Udemy are completed by students. Also, Udemy charges a whooping 50% of all money earned by tutors.
These stats look just like how the stats of KickStarter which led people to switch to ICOs for crowdfunding. And for Udemy, it has finally gotten is Blockchain powered competitor.
BeOne is a new project hoping to innovate the online learning process and experience. The project is launching its ICO on waves.
What is BeOne?
According to the BeOne site;
BeOne — is an innovative decentralized online education platform that enables users to make money by sharing skills, knowledge and experience.
How does BeOne Work?
Anyone can join the platform and take courses from pros. Users join study groups to learn with users of like mind. Tutors are paid by members with the B1 native tokens/cryptocurrency.
BeOne will charge only 10% on the money earned by tutors and will foot the bill for processing, advertisement, promotions and website management.
Basically, BeOne is a e-learning platform where users learn from tutors and pay with the cyrptocurrency. Users will also be able to vote about developmental processes from their account.
Who are the team behind BeOne
There is no popular faces on the team, however BeOne does have an experienced and gender balanced team.
Alexey Goncharenko: Founder, CEO
Graduate of Higher School of Economics. 7+ years in online marketing. Used to work at one of the largest banking companies of Russia as Online Project Manager. Blockchain Evangelist. Has successful crypto-portfolio.
Vladimir Dorokhov: Co-Founder, CTO
Graduated from the Computer Science faculty at Peter the Great St. Petersburg Polytechnic University. Has taken part in development of dozen successful projects for such clients as VTB, Expedia, Philips, Ferrero Rocher, etc.
Kristina Smirnova: Head of Marketing / PR
Involved into online marketing scene since 2011. Spent three years as Social Media Manager at a leading advertising agency in Moscow.
Venera Sabitova: UI/UX designer
Graphic designer with more than 4 year work experience at advertising companies. Constantly improving her skills and qualification, searching for new horizons in web design, branding, polygraphy, photography, iconography.
Maxim Nikitin: Senior Web Developer
Specialist with significant practical experience in development and support of complex and high-demanding projects. Worked with companies from Western Europe and Asia as a freelancer. Firmly believes in blockchain technology.
Token and ICO crowdsale
The token ICO will begin on coming Thursday; 7th September 2017. The token of BeOne are know as B1 and investors will be able to buy it using BTC, ETH, LTC, Dash or Waves.
There will be only 10,000,000 token and 9 million will be sold in the crowdsale at a price of $0.5 each. The ICO will last for a month.
Within the first 12 hours of the ICO, tokens will be available at a 50% discount and then within the next 72 hours will be at a 20% discount.
A week after the ICO is over, investors could then withdraw their tokens into their wallets and exchange them on any exchanges support the tokens.
According to the team, the platform will be developed and launched regardless of the success of the ICO.
50% of all funds go to marketing, 20% to development, 20% to attracting new instructors(very ironic of a peer-to-peer learning ecosystem) and 10% for operating costs.
Timeline of project development
Feb 2017; Concept development, market research
March; Start of web application development
June - July; Internal testing, preparation for fundraising
September - October; Fundraising(7th September 2017)
October; Open testing
December; Public Beta versions of web platform and mobile app
April 2018; Full launch
Critical review of BeOne
Basically speaking, BeOne is just another centralized learning platform. There is nothing that decentralized or Blockchain-powered about it.
- The platform will be hosted on centralized web servers - not decentralized blockchain servers like IPFS or Storj.
- They system does not support peer-to-peer tutoring. Users cannot also be tutors as a "quality control" protocol demand that all teachers be pros.
- Also, the feature to allow users to vote on development processes could get process stuck in limb just as happened to TheDAO. Users simply want to use a platform, not share in the responsibility of developing and maintaining it. And even of the few users who are interesting in participating in the management process, they not not have enough insider information and insights to know what is best for the platform. Dash may have mastered the process of user voting for development goals, but that is mostly done by only the developer community - not the cryptocurrency users themselves!
- A whopping 50% of all funds raised will go to marketing and only 20% goes to development.
- Like PreSearch, the only thing decentralized about BeOne is the tokens. Perhaps we can say the BeOne is simply a centralized peer-to-peer e-learning platform which is using cryptotokens to raise funds as also serve as private currency.
Positive review of BeOne
Despite the fact that BeOne is not a truly Blockchain powered learning platform, it will do well for several reasons.
- BeOne is a learning community with its own cryptocurrency and this will draw in lots of users. People love projects with their own cryptocurrencies.
- The social learning nature of BeOne will make it appeal to socially to almost everyone. No one enjoys to study alone and that is why there are bootcamps.
- The fees charged will very low compared to other competitors such as Udemy and this will drive in tutors.
- Scarcity drives prices up. There will be only 9 million tokens for the community and this will certainly increase the value of those tokens! After launch BeOne will surely become a multi-million dollar company in a few years and could add a few more new products as well as improve their current products. With only 9 million tokens in circulation, the price will certainly increase.
- A whopping 50% of all funds raised(around $2.25m) will be spend to marketing and online advertisements. This will eventually pay off and draw in new users to the platform.
- With so much investor interest in ICO projects, BeOne will surely get the attention of investors with their innovation.
There are several push and dump communities looking for the next ICO to push and dumb and they will certainly not miss this one.
Read the whitepaper. Visit BeOne website.
What do you think?
- Will BeOne be able to deliver on its promises?
- Will BeOne challenge Udemy due to its tokens system and social nature?
- Is BeOne a real project or another hyped scheme by the founders?
- Will you consider investing in the BeOne ICO?
What do you think of today's report?!
Receive and share daily Bitcoin & Blockchain news and reports!
If you are not a part of those receiving our reports; follow @BlockRush to receive intriguing Bitcoin & Blockchain news analysis, reports, news highlights and more. Some of our recent reports include:
- Major Bitcoin miner withdraws from SegWit2x and this what it means @BlockRush
- Bitcoin is king again and now at $4,800 - that's what we're talking about! @BlockRush
- 4 ironic ways Blockchain will transform the #anonymous group for better or worse @BlockRush
Did you like our post? Support our work by upvoting, resteeming and sharing this post. Keep the conversations ongoing by leaving a comment below.