Spitball 2.0 is a Student Economy where participants from around the world can exchange knowledge, content, and items; receive fair compensation for their contributions; and keep their privacy secure -
all while comprehensively lowering their costs. Generation Z is the most likely to embrace and utilizecryptocurrencies as an integral part of their daily lives. Spitball 2.0 will onboard these students into thecrypto world in the most natural environment through its customized crypto wallet.
The vision of Spitball 2.0 is a next-generation Student Economy defined by transparency, direct P2P interaction between students, and fair profit opportunity for community contributors.
Free of intermediaries, Spitball 2.0 will create a self-sustained global ecosystem based around theSBL token where students retain control of their academic content and gain various benefits fromexchanging it against SBL tokens, content or services, with blockchain-powered records immutably storing intellectual property on a globally distributed ledger.
Existing Platforms Exploit Students
Students buy, sell, and share goods and services all the time. These goods and services range fromtextbooks, class notes, quizzes, tutoring services, homework help, subletting, used goods, and muchmore. With the majority of these transactions controlled by a handful of mega-corporations, the existingmarketplace suffers from a significant lack of fair compensation for students. Despite driving the valuecreation, students receive cents on the dollar for their efforts.
On the popular study application Quizlet, students provide full access to their study materials andknowledge for free, yet the app itself has accumulated a value of nearly USD$220 million through
premium subscription fees and ad-based revenues.1 Other platforms allow students to share and even sell study notes to other users, but charge users more than $30 per month to access this content.While the actual content-providing students typically receive diluted benefits or site credit for their contributions, the leading platforms in the industry continue to claim the lion’s share of the profit whileconsistently growing in market value.
The current industry is also highly vulnerable to the manipulation and exploitation of private student data for marketing purposes, as service providers trade user data to support ads running on their websites.
In short, the market is stacked against the interests of students and we intend to change that -- givingthem control, saving them money, protecting their privacy, and helping them benefit more from theirown goods, services, academic knowledge and resources.
The Solution: A Decentralized Student Economy
Spitball 2.0 is a first-of-its-kind, student-driven economy that will enable users to benefit from theircontributions, ensuring fair compensation for offered goods, services, and academic knowledge.
Without the costly involvement of centralized intermediaries, students will have the ability to properly benefit from activity in a peer-to-peer digital marketplace, deriving real value for the global studentcommunity.
Beyond its marketplace offerings, Spitball 2.0 will also host built-in learning and trading functionalities, including video conferencing options for tutoring, high-grade class notes storage, homework help forums, and open source architecture for third-party developers to add and expand platform serviceswith unique DApps (decentralized applications) for the benefit of participants.
Participating students will have the ability to earn tokens in the Spitball 2.0 ecosystem by completing useful actions, such as providing correct answers to community-posted questions or promoting the listings of items/services for sale.
A recent market survey performed by Spitball found that students want to learn more about the cryptocurrency sphere, yet many do not know where to look, how to start, or what information they can trust. Spitball 2.0 will present an added benefit to users in the form of a seamless experience completewith an internal wallet to manage SBL tokens, as well as a consortium sidechain network2 dedicated to onboarding new-to-crypto students.
Students can start using Spitball 2.0’s promotional (awarded) tokens to learn about cryptocurrencies and then explore a range of blockchain-based disruptive solutions. We believe that this will be the foundation of lifetime relationships with Spitball 2.0.