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NTOK (NTOK) ICO Review – ICO Token News

Overview

The NTOK ecosystem for tokenizing talents is an evolution of Tutor Ninja, a private tutoring operator serving thousands of users, into a blockchain infrastructure for continuing, lifewide education. The NTOK tokenization platform concept comprises online schools, an online aggregator of private tutor services as well as tutors and NTOK ecosystem partners’ services. The standard private tutoring approach secures selected tutor’s hours at a fixed price. The tokenizing talents concept in addition introduces rules of trading by based on blockchain Talent tokens, which are a sort of prepaid gift cards for the “Talented tutor” hours / lessons to be provided in the future. The Talent tokens may be an alternative utility to order a Talent tutor lesson. An ecosystem user may buy, exchange, or refund Talent tokens (based on blockchain) as well as use regular functions of a private tutoring infrastructure. The approach meets various expectations of tutors and students. The tokenizing talents functionality particularly provides an excellent opportunity for Talents to pre-finance their personal development and for Talent hunters to support Talents and earn on Talent token growth.

The education market is rapidly moving from offline to online. Tutoring, one of the biggest segments of the education market, is forecasted1 to reach US$227 billion by 2022. Currently, online tutoring accounts for only 3–5% of the tutoring market, but is expected to grow quickly and become mainstream in the fields of language study, preschool preparation, supplementary instruction for K-122 students and continuing professional education. Distance learning with a tutor will very soon become a regular teaching and learning method across a wide range of subjects and topics. School and university students, adults, and parents will choose distance learning with a tutor as a way of gaining new knowledge or valuable cultural experiences, preparing for exams, improving professional skills, or just learning for fun. Over the next few years more than 70% of the tutoring market is expected to go online, creating a dynamic market whose value may exceed US$70 billion in size.

Market overview

Tutoring is considered to be one of the largest education segments in monetary value terms. While in many other segments it is often difficult to persuade people that they need to pay for educational services or content, in the tutoring market everyone intuitively understands that they need to pay tutors for teaching. In addition, most people have had some experience of studying with a tutor.It is one of the oldest education segments and frequently the first resource that students seek out when they want to learn something. Tutoring exists both offline and online. Currently largely offline, it is poised for accelerated migration into online tutoring, stimulating major interest from educational technology investors. The world tutoring market is forecasted to reach US$227 billion by 2022. Currently, online tutoring accounts for only 3–5% of the tutoring market, but is expected to grow fast and become mainstream in the fields of language study, preschool preparation, and supplementary instruction for K-12 students. The company’s strategy is to enter new regions and become a true global business over the next 2-3 years. It is envisioned that the massive expansion will be driven by its products accessible via a user-friendly interface. The platform’s complete transparency and fairness to all users will be ensured by the innovative blockchain technology at the heart of the project. The company’s international expansion plans envisage South Korea, Japan and China as its primary target regions. The strategy for market entry is based on interaction with mature partners already engaged in similar business pursuits. Foreign customers and partners are also expected to become ICO token holders.

Description of the NTOK ecosystem

The NTOK-X Ecosystem is a global decentralized blockchain infrastructure for monetizing competencies, sharing experiences and raising funds for development and training with the help of Personal Token Sales. Within the ecosystem, the only payment vehicle used in transactions is the NTOK token. Talents may produce their personal tokens, based on the NTOK infrastructure3. Within the framework of the blockchain infrastructure, a personal token is a unit related to user’s time , which may be produced or refunded. Other users may purchase Talent tokens to resale them or exchange them for a Talent’s time in order to obtain a certain type of service. Buying a tutor’s time for training may be an example.

Services and Knowledge Domains

The ecosystem target model is assumed to support a wide range of services including freelance development or design, per-minute consulting, etc in future. The NTOK Alpha version is to maintain one domain, however the most important for the economical model of the project. An exchange of experience and knowledge will be available from the moment of launching the NTOK blockchain infrastructure. We anticipate the following areas may be the most requested and relevant educational topics in the short-term perspective. The list is surely open and will be expanded and supplemented with the development of the ecosystem.

Personal Token Sale

Users of the ecosystem may launch their own Personal Token Sale. It is the case when the user acts as a Talent, The other NTOK users may buy the Personal tokens for the core NTOK tokens. Non-NTOK users may buy the Personal tokens for crypto and fiat currency using special tools. When holders of the core NTOK verify and confirm the provided information. Moderation is recognized as successful if a Talent sells more than 10% of the total amount of Personal Tokens. Otherwise funds return back to Hunters. A holder of core NTOK has an access to the Personal Token Sale list to participate in the moderation.  At this stage, the remaining 90% of the Talent tokens are sold. A Personal Token Sale is considered as successful if the amount of Personal tokens sold exceeds Soft Cap. Otherwise, the funds return to Hunters. An NTOK gateway with external floors is used in the period since a Hunter may not be an ecosystem user as an option. To know current trend of ICOs, you can check ICO stats.

Team

  • Anton Mishin
    Anton Mishin
    Anton Mishin
    CEO
    Experienced Entrepreneur, launched
    several IT companies, including successful
    exit from the company of the big-data
    analytics (DAC) services
  • Max Shekhovtsov
    Max Shekhovtsov
    Max Shekhovtsov
    Co-Founder & CFO (ex ING Bank
    and Allianz SE)
    Max has more than 18 years of investment
    management experience. He set up 5
    Venture Capital funds with more than $190m
    under management and investments in more
    than 100 companies located in EU, US and
    Entrepreneur of the Year competition for
    2016 and is the winner of the Russia Venture
    Awards 2017
  • Natalya Asenova
    Natalya Asenova
    Natalya Asenova
    Head of Sales & Marketing
    Natalya has over 10 years of experience
    in sales. She is focused on building strong,
    long-term business relationships with both
    local and international brands
  • Mary Cooney
    Mary Cooney
    Mary Cooney
    Advisor - Tutor development
  • Victor Bryzgalov
    Victor Bryzgalov
    Victor Bryzgalov
    Director of Blockchain
    Victor has provided software development
    support to multiple Internet
    startups, including block-chain-based
  • Alexey Borisov
    Alexey Borisov
    Alexey Borisov
    CTO
    Alexey has over 13 years of experience in the
    technology industry, including blockchain
    projects development. He wrote a paper on
    simulation modelling. Alexey has an immense
    experience in web integration and diskless
    workstations
  • Olga Rink
    Olga Rink
    Olga Rink
    Marketing communications for Asia
    and Europe, advisor
    Olga has more than 20 years of experience
    at management positions and consulting
    in the IT, finance and media industries,
    including global leaders in business data and
    financial infrastructure. A winner of the EY
    “Entrepreneurial Business Women” award
    of 2015. A member of Board at Financial
    Communication and Investor Relations Alliance.
  • Andrey Kapustin
    Andrey Kapustin
    Andrey Kapustin
    Head of IR
  • David Goldsmith
    David Goldsmith
    David Goldsmith
    President and Co-founder
    of the Goldsmith Organization
    (New York and Hong Kong)
    David’s a Founder and Project Leader of Project
    Moon Hut, a three-year collaboration with NASA
    (Silicon Valley) focused on improving life on Earth.
    He also co-founded ecosystem.AI (San Francisco),
    a predictive analytics and visualization company
  • Mike Raitsyn
    Mike Raitsyn
    Mike Raitsyn
    ICOBox, Co-founder and CEO
    Mike is one of the prominent members of the
    global rypto community. He founded ICOBox,
    the company that provides ICO advisory services
    as well as a technological platform (ICO SaaS
    solution). ICOBox successfully completed its own
    ICO in September, 2017

Milestones

  • 1
    November
    2016
    Online-education platform is
    launched
  • 2
    February
    2017
    Genesis Capital fund
    investment raised
  • 3
    May
    2017
    Platform centralized version
    is launched
  • 4
    February
    2018
    Project expanded to brand new
    talent tokenization and knowledge
    sharing infrastructure
  • 5
    March
    2018
    1-st public token sale
    of NTOK Tokens
  • 6
    March
    2018
    Alpha-version of ecosystem is
    available for a limited early access
  • 7
    June
    2018
    Alpha-version of ecosystem is
    available for a limited early access
  • 8
    June
    2018
    2-nd public token sale (main
    part) of NTOK Tokens ends
  • 9
    July
    2018
    NTOK Tokens get listed on
    exchanges
  • 10
    September
    2018
    NTOK-X ecosystem public
    launch (ver 1.0)
  • 11
    December
    2018
    Personal Tokens are added.
    Ecosystem allows users to
    tokenize their talents and
    participate in Personal token
    sales of other people
  • 12
    January
    2018
    NTOK-X expansion on Asian
    markets starts (Korea, China,
    Japan and India)

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