Student Coin

STC

Student Coin was as an educational project, founded in 2019 by students from the Kozminski University, Warsaw. Originally named "ALK Token," it aimed to explore blockchain's practical applications. By 2020, over 15,000 students from 500+ universities globally claimed free tokens, fostering blockchain education.

The project created the STC Academy, a place where users could educate themselves for free about the blockchain technology, which was then extended with a paid courses and called an STC University serving higher needs. The team, also build a platform called STC Terminal, where users could create their own tokens completing five simple steps. As the project evolved the team launched Coinpaper.com, a crypto news portal, delivering daily news from the blockchain world to over 60,000 readers monthly.

## Why did the Student Coin close its project?

Despite the token's impressive growth, that sustained for more than two months in 2021, achieving such levels again seemed unfeasible. Increased spending on the development of the project and its products did not significantly impact the token's price, indicating unsustainable marketing dynamics.

Moreover, the cryptocurrency landscape shifted towards speculation, putting Student Coin at a disadvantage in the face of strict legal standards. Ongoing legal uncertainty has hampered long-term planning, inhibiting initiatives such as the transformation of STC Wallet into a full exchange.

Coupled with the pressure of community expectations and evolving visions, Student Coin decided to allow the repurchase of the $STC token to restore the decision-making power of our community, acknowledging the closure of the project with gratitude and professionalism.

## History Student Coin

Student Coin was initiated by a group of undergraduate students at Kozminski University in Warsaw, Poland, in 2019. Initially named "ALK Token," its primary utility was to explore blockchain capabilities, including sending, receiving, and converting tokens. The successful outcome of this experiment encouraged Student Coin team to pursue vision of imparting blockchain knowledge through practical application, leading to airdrops of the token to students at Kozminski University and other Polish universities.

By the end of 2020, Student Coin reached more than 15,000 students from more than 500 universities around the world, enabling anyone with a valid student ID to claim free STC Tokens.

In the project's early stages, the team aimed to add substantial value to the $STC Token. STC Academy was established (called initially the STC Educational Panel), a comprehensive online resource covering blockchain, cryptocurrencies, and personal crypto security. Encouraged by the growing enthusiasm within the community, STC team sought funding to develop more sophisticated project elements, such as a wallet, exchange, and terminal, enabling students to create their tokens. A pre-launchpad at the end of 2020, pricing the token at USD 0.0025, significantly accelerated development, allowing STC to enlarge team and secure listings on Uniswap and the first centralized exchange.

February 2021 marked the beginning of the STC Launchpad, which expanded community from 20,000 to over 200,000 users and facilitated the sale of $STC Tokens at remarkable valuations. Which enabled to expand Student Coin business and technical teams and introduce additional projects under the Student Coin banner. The $STC Token was also listed on over ten exchanges, including major platforms like KuCoin, Bittrex, and Bithumb Global.

By the end of 2021, Student Coin launched an upgraded version of the STC Wallet, introduced the STC Terminal for custom token creation, and established Coinpaper.com, a crypto news portal.

In 2022. Student Coin upgraded the STC education panel to STC Academy and updated the STC Wallet into many new features. The team also revised some initial strategies, such as university tokens and crowdfunding support for startups.

In 2023, Student Coin launched a STC University, an advanced version of the STC Academy offering comprehensive blockchain education and produced numerous educational videos about cryptocurrencies. Coinpaper experienced significant growth, with an active user increase rate of nearly 19,75% each month.

## When Was Student Coin Launched?

Student Coin was launched in 2019, and it was developed for over 5 years, in 2024 the project decided to close itself and proceed with a Studnet Coin token redemption buying back all of the tokens from STC users.

## How did Student Coin Redemption Process Look?

STC token was traded on a lot of exchanges, including KuCoin. The team has met its roadmap targets, educating more than 210,000 users through its STC Academy and University platforms, and delivering information newsletters to over 60,000 readers each month.

The project used 100% of its resources to buy all tokens from its users, starting in April 9, 2024 proceeding with the redemption process for five years until 2029.

All STC tokens will be burned and sent to: 0x000000000000000000000000000000000000dEaD - the burn address at which all of the redeemed and repurchased $STC Tokens will be locked irreversible. The STC token was delisted from all of the exchanges.

## What was the Student Coin Redemption Price?

$STC Token Redemption was conducted at a price above market value between $0.006 and $0.0137, depending on the user activity at the STC Wallet.

## What Will Happen to the Student Coin Social Media?

Student Coin has established multiple social media channels and groups to discuss its development. These platforms will continue to operate as usual until June 9, 2024, with moderators available to assist users in the token redemption process. After that date, support will be provided exclusively through Helpdesk, and the chats will be discontinued. Social media activities will also be suspended, except for posts reminding users of the redemption deadlines.

## How much time did Student Coin users have for redemption?

The STC Token redemption process was stared on April 9, 2024 and lasted until June, 2024 for the STC Wallet users. However it will take place for up to fiver years (until 2029) for the STC on-chain users.


## What are the Products of Student Coin (STC)?

To complete the vision set out above and assign a clear vision to each activity, Student Coin created the STC.XYZ group — a central unit for the entire STC ecosystem and its products. The STC.XYZ is a central unit managing every activity that influences the fundamental value of the STC Token. Thanks to the unit, each product is cross-boosted by another.