The Mindwalk Token
MindWalk’s Tokens: Bridging the Learning Gap
The primary vehicle for implementation of the MindWalk IDT Protocol is the MindWalk token. The Mindwalk token is an ERC20 compatible token, built on the Ethereum blockchain for wide compatibility and existing wallets, exchanges, smart contracts and other financial infrastructures.
The MindWalk native token serves these key purposes:
- The token is intended to serve as an inducement for creating Intelligent Digital Trainer course authoring software. This includes IDT software development kits (SDKs) as well as native content that will be built for the IDT blockchain by MindWalk’s production entity and 3rd party developers.
- To help facilitate MindWalk’s development of a pre-production prototype of the IDT avatar teacher and the SDK. For a projection of token sale allocation, please see “Funding Distribution and Auditing.”
- To organically motivate IDT courseware development and peer review of content on the IDT blockchain with Mindwalk tokens.
- For use with MindWalk-run promotions and incentive programs.
MindWalk Token Issuance Details
About MindWalk’s Token
The MINDW token is the heart of the MindWalk IDT Protocol “Learning Innovation Engine”. This will be a mechanism that powers the engine in order to implement the MindWalk IDT Protocol. The Mindwalk token is the integral component that links everything together. The token:
- Facilitates the creation of a user platform.
- Serves as a medium of exchange by and among course developers, MindWalk Learning advertisers, and educational consultants.
- Is the value-sensitive barometer of the efficacy and value creation capability of the MindWalk IDT engine, protocol and platform.
Taken collectively, these factors point to a mechanism with incredible potential and great longevity. The Mindwalk token aims to be an instrument of emergent empowerment. We are witnessing the emergence of a new era in human learning driven by the enabling sustainability and disruptive power of the Mindwalk token.
Access to Exclusive Services and Rights
Token holders have the following rights and opportunity:
- The ability to exclusively create, sell and distribute branded learning products.
- Limited access to free course development consultation and assistance.
- Limited access to free technical assistance and support.
A Preferred Utility for Stakeholders
The token is designed to deliver value to all stakeholders in the MindWalk value chain:
- Entrepreneur Token Holders. Token holders of a minimum of $5,000 in tokens are exempted from the standard requirement that MindWalk course developers supply a generic version of each course the develop for contribution to the MindWalk public commons. This provision offers the exempted token holder the opportunity to create MindWalk IDT-based courses and sell them exclusively in the marketplace.
- Advertisers. Advertisers on the MindWalk Learning website may advertise their products and services, with the token serving as the required payment currency.
- Education Consultants. Learning experts and course development consultants may offer their services to entities engaged in MindWalk course development.They are required to pay a registration fee using tokens.
- Third Party App Builders. Third party software developers are encouraged to offer their branded products to course developers and MindWalk end users as value-adds to MindWalk shareware. Purchasers receive a discount for purchases made with tokens.
- Public End Users. Members of the public engaged in learning on the MindWalk Learning website may purchase third-party goods and services (i.e., engage in commerce) at a discount with tokens.
Role and Value of the Mindwalk Token
Mindwalk is a global crypto-economic blockchain-driven community where both users of the network and its creators have real skin in the game, and a shared set of goals and beliefs. This dynamic creates a fundamentally different alignment of incentives and allows direct participation of early supporters of the project, much more in line with what decentralized projects aim to accomplish – a service and network governed directly by its own users.
Creating tokens that harness the full power of the distributed MindWalk IDT model is a primary concern. A well-designed token increases in value along with the network. It incentivizes the community and early adopters to use, participate, spread and evangelize the platform that it represents. This bootstraps a global community where everyone shares incentives to make the project grow and succeed.
Determining the role of the Mindwalk token is a crucial element of our blockchain startup. In the blockchain-driven distribution economy, tokens are at the core of a project. Unlike equity, tokens represent a unique link between value and functionality.
We are creating a cryptocurrency linked directly to the effectiveness of the MindWalk IDT Learning Innovation Engine. With Mindwalk tokens, purchasers can help develop and experience the IDT revolution. MindWalk is developing an IDT blockchain ecosystem called MindWalk Learning which will automatically drive native courseware and app creation and peer review of MindWalk IDT technology creations.
In the MindWalk ecosystem the value of the token is directly linked to the success of our MindWalk Intelligent Digital Trainer services. The Mindwalk token powers the interactions on the platform, and will be used to gain access and usage rights for MindWalk’s IDT apps and SDK. They will also be used to pay for third-party apps.
Ultimately, MindWalk Learning blockchain will be an entirely native ecosystem where one may develop and download intelligent training courseware solely via MindWalk IDT course creation technology. MindWalk will act as a decentralized provider of intelligent learning productivity tools that empower courseware developers by making powerful new course creation capabilities available in the form of shareware. This will free MindWalk courseware developers from the heavy fees levied on them by existing ecosystems, instead rewarding them for their efforts with MindWalk IDT tools and services, in addition to whatever profits they see from product app purchases, subscriptions and the like.
MindWalk Exchange Rate
The value of the token, and how much will be required to purchase a MindWalk product or service, will change dynamically based on the floating exchange value of the token. An average exchange rate value will be calculated periodically and used to price MindWalk goods and services for its users.
Use Cases for Mindwalk Tokens
MindWalk must establish and maintain liquidity for the token in order for it to be viable. This is achieved via multiple use cases that have been created for MindWalk. While it is impossible to imagine all of the potential use cases for the token, several are mentioned below:
- IDT Courseware Development. Courseware developers access the MindWalk IDT shareware and Software Development Kit to prepare proprietary courses. The courses cover an unlimited number of topics, applications and content. They are for internal, proprietary use or for resale, or both. There is no fee for access.
- Public Access to IDT Learning Experiences. Courseware developers are bound by smart contract to make a generic version of the course(s) they develop using MindWalk IDT shareware for posting on the MindWalk Learning website. The generic courses are in a form readily usable by third party learners. MindWalk Learning publishes the courses for the benefit of the general public. There is no fee for access. Members of the public register to access the learning service offering and must agree to have the results of their learning efforts registered on the MindWalk blockchain.
- Advertisement to End Users. Third-party advertisers purchase advertising time/space on selected courses in the MindWalk Learning catalogue using tokens.
- Learning Consultancy. Third-party learning consultants offer professional services to courseware developers and MindWalk Learning public end-users. A wide range of services are offered including assistance creating and developing courses using IDT shareware, tutoring, etc. Learning consultants are paid for their services with tokens.
Advantages of MindWalk Tokens
MindWalk tokens offer many advantages. Among these are,
- Next generation IDT learning made available at no cost to public end users.
- Underwriting of powerful IDT course development tools for course developers.
- Cost-free, trusted training outcome documentation and verification via the MindWalk Blockchain.
- Entree for educational consultants in a valuable marketplace.
- Monetization of a new, cost-effective delivery system for educational experiences.