BW.com AMA with Founder of EduShare Youngsung Chong, probe into EDS — the Innovative Integration of Education and Blockchain
The AMA (Ask Me Anything) held by the BW.com official telegram, and invited Youngsung Chong, the founder of EduShare at 19:00 May 22 (UTC+8). In almost 60 minutes, Chong answered all the questions in terms of the understanding and progress of EDS. He also shared his opinion on the innovative integration of Education and blockchain.
Here is the editor record：
Section 1: Introduction
Host: Hi BW family members and community friends, I’m Cathy Zhu, BW global CEO. It’s my great pleasure to invite Mr.Chong to BW community for an online AMA this evening. Welcome, Mr.Chong
Guest: Hello BW community member. Nice to meet you today. I am Mr.Chong, the founder of EduShare.
Host: Mr Chong as the founder of EduShare, can you give us a brief introduction about yourself please?
Guest：Currently, as the founder of the EduShare project, I am also running a blockchain-specific consulting firm Dream Chain based in Seoul. We have been advising over five different projects and worked with multiple exchanges in their local and global marketing. Personally, I am also one of the analysts and director for the world’s largest trading community — ‘Traders Profit Club’.
Q1
Host： As EDS firstly launched on BW.com not long ago, and most users also have an overall perception of EDS, there is still a lack of some deep and clear understanding for EDS. Mr Chong, can you give us a more introduction about EDS?
Guest：EDS is a native utility coin to be used within the EduShare’s blockchain platform and applications. We have spent a tremendous amount of time on research and preparation to create a sensible tokenomics that will depreciate in supply and appreciate in value. We are preparing to consistently build more use case of EDS for the daily crypto/non-crypto user.
Q2
Host： Thank you very much for the introduction. That’s very clear. I believe you guys have a deeper understanding of the relationship between EduShare and education. What problem does EduShare solve and what service does EduShare provide?
Guest：The problem that EduShare is solving that “Talent is not completely owned by a person”. A person’s talent and ability should drive societal growth, but talent is often distorted by wrongful perception. Our team is solving such issue through implementing blockchain. The first service that we are releasing is focused on P2P content sharing. We want to have our users to have independence and full control of their contents.
Q3
Host：Mr Chong, you also introduced your outstanding personal background. I really want to know what do you hope EduShare can Bring to the users and how the users benefit from EduShare?
Guest： I think the essence of blockchain is creating a decentralized community based on a platform and/or application that adheres to the concept “Of the people, for the people, and by the people” We want to create a blockchain-based platform that creates and ecosystem for the people. At the epicenter of the EduShare ecosystem, there stands talent.
Q4
Host：OK, the idea of combining blockchain technology with education is very novel. Education is an eternal need. If the education industry can achieve huge development through blockchain technology, it will be a great breakthrough! What is your inspiration?
Guest： As a consulting firm, we consistently analyze hundreds of projects in multiple industries. Of the multiple industries we have explored and analyzed, we noticed the opportunities in the educational industry. There has been no project yet to implement blockchain to the industry in the most sensible and practical way. Through careful research and preparation combined with our team’s experience, EduShare was founded.
Q5
Host：According to EduShare’s white paper, with the application of its local blockchain and development roadmap, EDS utility token plays a key role in EduShare platform ecosystem. Can you explain this in detail?
Guest：As a utility coin within the platform, without EDS our blockchain cannot exist. EDS will be essentially a ‘minable’ coin that is produced by block producers once the mainnet releases. However, what we notice is that mainnet coins don’t have an actual applicable use case for the daily non-crypto user. Thus, we are implemented a point-system within the application that will allow us for a consistent buy-back of the EDS token.
Q6
Host： Thank you very much, Mr Chong’s sharing has undoubtedly given us a strong boost of confidence. The gold will always shine! So does the good project. In fact, Though EDS is firstly listed, it has already accumulated a group of loyal fans. I hope Mr Chong can share with us how did you attract so many fans of EDS.
Guest： I think we have proven our competence over time through community events and a structured business model and tokenomics. There is no single aspect of the business to be ignored when operating a blockchain project. Had we ignored any aspect such as community engagement or technological development, I don’t think we would have been able to accomplish this. But, I would also like to give a big shout out to the EduShare team.
Q7
Host：Great! Such a high-quality project must have really great people behind it. Can you give us any introduction about your team?
Guest：EduShare is developed and planned by one of the best professionals with great academic and professional backgrounds. All our core members are from top academic institutions including Washington University in St. Louis, Seoul National University, Columbia University, and Yonsei University.
Q8
Host：I can see you guys are running a trading competition with very attractive rewards on BW, can you tell us more about that?
Guest：EduShare team has allocated a portion of our tokens to be used for such bounty program. The joint event between BW and EduShare is one of the largest greatest reward programs that we are running for our holders and interested traders exclusively on BW.
Q9
Host: What is the final goal of EduShare project?
Guest：Our goal is to lead an innovative integration of blockchain and educational industry. Until now, we haven’t seen actual cases of blockchain implementation in real life. However, we aim to achieve that.
Q10
Host: How to stay updated with EduShare project? What are the channels our users can get the latest and greatest information about EduShare?
Guest：Please join our Telegram community for the latest and accurate updates. We are consistently increasing our presence in the digital space to build and strengthen our communities.
Some selected question from BW community:
Q:The EduShare platform is known as an education-related platform. What is the decisive part of the EduShare platform based on blockchain that is different from the existing education platform?@준엽 이
Guest：I can say that decentralization and complete ownership of talent is the key difference between EduShare and existing platforms. We want all users to have full control of their presence based on talent within the ecosystem!
Q:Therefore, “staking” is a very popular topic recently.
Please tell us in detail about the EDS staking plan and the benefits of adding “staking”?@Angel
Guest：The only reason we will have staking option for EDS is that we are building a public blockchain. Our novel, breakthrough consensus algorithm is a variant of the DPoS algorithm.
Thanks for watching this AMA.
Further details for the EDS:
Telegram: https://t.me/edushareofficial
Official Website: https://edushare.global
Also you can reach us:
BW official website: www.bw.com | www.bw.io
BW official telegram: https://t.me/BW_support
BW official twitter: https://twitter.com/BWWord
