Student Coin announces comprehensive STC token solution after operating interruption
Student Coin announces comprehensive STC token solution after operating interruption
New York, United States of America, October 29, 2024, Chainwire
Student Coin, a crypto school project founded in 2019, initiated a structured token solving process after the decision to hire its main company. This step aims to protect the interests of the STC token owners while the team is moving their focus on new undertakings.
Student Coin was originally launched by students from the Kozminski University in Warsaw, Poland, and began as a student-oriented initiative with the aim of researching blockchain applications in the academic field. The project quickly expanded and reached over 15,000 students at more than 500 universities by the end of 2020. In the course of his development, student Coin introduced various products, including the STC Wallet, the STC Terminal, the STC Academy and coin paper that supported the blockchain formation and promoted the commitment of the community.
After the success of his STC Launchpad 2021, the project recorded continuous growth that culminated with a user base of over 200,000. However, when the cryptom market developed further, the team was faced with challenges that ranged from legal obstacles and resistance from the universities to the collapse of large stock exchanges, which all affected its operational prospects.
challenges and strategic re -evaluation
Despite the important milestones, student Coin met with increasing difficulties in achieving his goals. The efforts to scale the STC wallet as a multifunctional exchange were associated with legal risks and the collapse of such exchanges
Image: The historical price index of the STC token together with the most important events that influence its fluctuations.
STC-token-solving process
The token-solving program of student Coin began on April 9, 2024 with a first window for STC wallet users, which ended on June 9th. An additional deadline for the redemption of tokens by redemption on October 9, 2024 The closure of the STC wallet owners of on-chain token have marked the time to redeem their tokens until April 9, 2029. This extended time frame takes into account the shutdown of the on-chain support and offers token owners sufficient opportunity to complete the redemption process.
on-chain holder can transfer token to a specific burn address. Users must with a processing time of arithmetic up to three months to get the USDC back to the address.
Remember USDC can only be sent to the address that $ STC burned. Users cannot receive USDC at another address . In addition, it is extremely important to remember that users can not send $ STC directly from a stock exchange to the Burn address, otherwise they would lose all of their money.
Read the details On-chain-burn-procedure .
about student Coin
Student Coin was founded in 2019 by a group of university students in Warsaw, Poland, and wanted to use the blockchain technology for educational and community education purposes. The project originally set up to students and scientists, grew into a global community of over 200,000 users and introduced products such as the STC Wallet, the STC Terminal, the STC Academy and Coinpaper. Student Coin focuses on barrier-free blockchain training and tokenized solutions and quickly expands to more than 500 universities worldwide. While the project expires, the team is still committed to supporting the community with a comprehensive token solving program and plans to pursue new initiatives in the crypto media sector.
Further information can be found under studentcoin.org .
Contact
coin paper
[email protected]
Source: Coinlist.me
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