NTOK platform to revolutionize the market of tutoring

New blockchain-based teaching platform promises to completely overhaul the market of private tutorin
20 March 2018   1589

Many spheres of our day-to-day living have been influenced or even revolutionized by blockchain technology: from delivery of goods to AI development. And now the new startup plans to bring up to date one of the lagging behind sectors – private tutoring.

NTOK platform will make tutoring affordable and easy both for teachers and the students. High-quality learning environment with courses provided by prominent textbook publishers around the world.

The NTOK allows users to perform tokenization of their skills. Personal tokens are useful for tutors who want to promote their services and for students, who can raise funds for their education with a promise of future returns for the investors.

Online nature of the courses removes the need to waste time on the road and puts the users in the most comfortable learning environment – their own homes. One of the main advantages to the platfrom is connecting geographically remote teachers and students, while removing middlemen, who inflate rates and are disadvantageous to the whole process. The developers believe, that their ecosystem will make commercial study centers obsolete and reduce the lesson costs by 75%. The whitepaper goes on to boldly proclaim, that on the NTOK platform every student can find a tutor and every tutor can find a student.

The system is already in the alpha-testing stage and is used as an online English language school.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   197

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.