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What Is NTOK

Ntok.io - a decentralized global learning platform based on the interaction between tutors and students via online platforms using smart contracts. Ntok.io feature is that the platform facilitates the daily life of the students. In the offline world, where students should not only agree with the tutor about the lesson, but also visit it at a certain place, at any given time. In Ntok.io, students can find tutors on any topic with just a few clicks and can learn from them anytime, anywhere, with no geographical or time zones to worry about.

"Our advantages include reliable teacher classification recorded in blockchain. Thanks to this, students can be sure there is no forgery in the classification of tutors. A qualitative increase in the level of service trust, which means strong competitive advantage over other online schools, "said Maxim Shekhovtsov, CFO and co-founder of Ntok.io. "It's important that we work without intermediaries. In a traditional school, a teacher may receive $ 7 to $ 20 per lesson, while the school gets the rest. We create paths that improve efficiency: we do not rent space for classes, our platform has no sales manager, administrator, and so on. That's why we're good with just a small commission, while students save money. "

The primary payment mode and profit on the platform will be with all NTOK token payments will be made exclusively on this token. The cost of services on the platform will be determined by the participants themselves, so if the exchange rate for the token increases, the price in the token will drop, but will eventually remain in the market. "We will allow fiat money payments because we realize that this may be necessary in the conservative community of students and teachers," Shekhovtsov explains. "However, we will charge a small 10% fee, but we will inform all participants how to buy our tokens and avoid paying these fees."

In addition to paying their own learning session, NTOK token holders can also use it to purchase additional educational content and materials from partners Ntok.io. Privileges will also be available to the token owner. Teachers will be able to raise the rankings and earn larger numbers of students while students will get a chance to receive 50% off commission and thus save a dollar for each lesson. It's in a flat commission that the project plans to make money: it will only be worth $ 2 per lesson in the NTOK token. Part of the token goes into the platform's operating costs.

Ntok.io is not the only platform in the field of online education; Platforms like Duolingo, Tutor Varsity and iTutorGroup operate next to it. However, the founder of Ntok.io said that his main competitor is the off-line market, where currently 95% of all teachers and tutors are concentrated. Ntok.io wants to change the current situation and stimulate the mass migration of teachers and students into the online world. Experts predict that, in the coming years, the online segment of this market will increase by at least 70%.

To make this plan a reality, Ntok.io has the most important advantages: a very powerful team with a great experience not only in the EdTech field (eg, the launch of Tutor Ninja Online school for learning English online, which is a success), but also , retail, media, iOT, artificial intelligence and robot technology. The core of the Ntok.io team includes Andrew Kravets (CEO and founder), Maxim Shekhovtsov (CFO and founder), Natalya Asenova (Marketing and Sales Director) and Alexey Borisov (CTO). In addition, Ntok.io has assembled a team of leading consultants among the managers of major international corporations, ICOBox advisers and prominent representatives of the crypto community, experienced businessmen and founders of leading Internet services such as Auto.ru, HH.ru and KinoPoisk.