Student Coin price today, STC to USD live price, marketcap and chart | CoinMarketCap (2024)

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.

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.

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.

Coinpaper, an integral component of the STC ecosystem, serves as a prominent portal delivering essential news from the cryptocurrency sphere daily.

In addition to its comprehensive coverage of crypto developments, Coinpaper offers a specialized Web3.0 newsletter known as Coinpaper Digest. This newsletter provides curated insights into the latest advancements and trends within the Web3.0 landscape, enhancing the platform's value proposition for users seeking timely and relevant information in the digital asset space.

STC Wallet is the secure center of the entire STC ecosystem, with an intuitive function to purchase chosen assets, manage your funds, and read news.

STC Wallet is also the place where STC DAO Votings take place and leads the STC Premium Holders Program for the Voting participants.

It is an online Web3 University that offers diverse courses on blockchain technology. STC mission is to drive blockchain adoption through learning.

Picture a university that's scalable and capable of accommodating an ever-growing number of students without the physical limitations that traditional universities face. This is the vision that drives Student Coin University.

Student Coin and the $STC Token (contract address 0x15B543e986b8c34074DFc9901136d9355a537e7E) have always been issued as utility tokens, as clearly outlined in all Terms of Use, Student Coin website, and communications. The token's utility includes facilitating blockchain education, participation in STC University courses, utilizing some STC Academy features, and engaging in DAO Decisions (not associated with the company’s decisions). The $STC Token has never been tied to any tangible value or intangible value.

$STC Tokens were not intended by design to be used for payments, nor do they represent share rights in the sense of commercial law. The basic premise of STC, which has not changed, was educational (functional) in nature, aiming to educate about blockchain technology and learn about the potential of usability of tokens.

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.