TEN token (ERC-20 standard) is a key infrastructure element of the TEN ecosystem. Its employment considerably improves the convenience of interactions between the ecosystem participants on all TEN mobile applications and websites as the sole internal cryptocurrency for all settlements inside TEN platform which mainly are:
TEN brings deep humanitarian values and transparency to the community, ensuring data integrity, saving transaction costs, thereby bringing faith to the community. TEN is changing the way people teach and learn by the power of the community, opening up a new era for the worldwide online education.
We plan to distribute TEN token as follows:
All collected funds will only be used for the development and benefits of the TEN ecosystem.
Research and Product Development – 44% of total funding.
Marketing and Business Development – 26% of total funding.
Operation – 18% of total funding.
Legal and Compliance – 7% of total funding.
Provision – 5% of total funding.
The number of TEN Tokens was created as 1,000,000,000 Tokens. The launch of TEN Token, along with the Token Generation Event (TGE), was held through a smart contract based on Ethereum. A total of 550,000,000 TEN Tokens will be granted for the Token Sale.
All investors must be “whitelisted" when joining TGE.
Decentralization and Blockchain will make the global education decentralized without the intermediary intervention. That no one has the control right provides the participants in the community superior features. An individual or system cannot change the member's information " ensure honesty.
Members are required to register for "information verification" to ensure the accuracy of their personal information and to ensure the value of subsequent evaluation, certificates or proof-of-content time in the community.
Learners must verify information level 1.
Employers must verify information level 2.
Content creators must verify information level 3 or an agency must be verified by its business license.
Vendors must verify information level 3.
Learners: take the course.
Content creators: register to provide the course.
Vendors: register to provide the course support service.
Employers: search information.
Quality Assurance Partners: organize exams, grant prestigious certificates and evaluate the course qualification.
TEN encourages its members to participate in the community in a variety of capacities in order to maximize their contribution in terms of skills and knowledge to build and develop the community, provide valuable knowledge to everyone around the world.
For the purpose of enhancing interactivity, support, and friendliness for community members, all members after verifying registration will be involved in the "discussion" function. Any member can ask questions about any of the areas. The feedback of the various members will help others who ask questions to find the most appropriate answer. The most interactive members have many advantages:
Other members can easily see expertise/qualification through the questions and answers.
For Content Creators/ Vendors: personal information is placed on the top in the course/ service recommendation.
For Learners/ Employers: have priority to see information of members in the first rank. Interaction is the key to building and developing the TEN community.
It eliminates the presence of intermediaries. All are programmed and controlled based on the smart contracts. Especially, the payment function is based on the frame timing used for learners.
Complete information verification level 1.
Pay 100% tuition fee as required before the course commencement.
The tuition fee is based on the used frame timing.
Learners have the right to "end course" if they do not feel like they are achieving the desired results. When there is an "end course" signal, the smart contract (running according to frame timing) will automatically calculate the actual tuition fee based on the original programming "tuition fee = study time" and pay that portion to the content creator; meanwhile, the remaining tuition fee will be returned to the learner. Time frame is divided into multiple blocks at the content creator’s request when registering the course operation form (default 10). Fees are calculated based on the number of generated blocks. This brings many benefits to the parties:
For learners: to take the initiative to determine tuition fees. Content creators must design courses to draw learners’ interest.
For content creators: be proactive in setting the number of blocks to attract learners. Assist the content creators to maximize their revenue
The payment function is built on the "smart contract (running according to frame timing)", using the Ethereum Virtual Machine (EVM) platform. The three other functions "Assessment, Certification, Proof-of-Content Time " are built and stored on Blockchain.
Complete the information verification level 2.
Pay for registration fees of searching information based on personal needs.
Complete the information verification level 3.
Pay the posting fee based on the personal needs.
Register the course operation form, deposit 10% of total number of registered learners.
Content creators are provided/supplemented with the "School function" feature to accompany other trainers to develop courses in the community.
The school function is also activated when information is verified with the Business lisence / the accreditation of degrees.
Upon the course completion, tuition fees will be paid through Smart contract, prorated on the terms set out in the original agreement.
Complete information verification level 3.
Pay service advertisement cost based on personal needs.
Be required to pay a compulsory deposit of 5% out of the transaction and register the the course support service form.
Content creators are required to deposit 10% fee out of the total number of registered learners, ensuring that learners can receive the purchased courses.
For services provided by content creators: Content creators will lose 10% of the deposit on the total number of learners that the content creators registered.
For support services of vendors: the content creator and vendor will lose 5% deposit, the remaining amount will be paid back to the content creator.
Learners cancelling the course before use will lose 5% of the course fee.
Assessment function demonstrates objectivity in the TEN community itself. Any ratings of all members will be displayed and recorded transparently – clearly in terms of identity and opinions. Any opinion is always honest, cannot be edited – erased from the individual member or interference from TEN .
Learners After the course is completed, the smart contract (running according to frame timing) confirms the course completion. Learners assess the quality of "Course Content" based on the specified parameters.
Content creators After the course is completed, the smart contract (running according to frame timing) confirms the course completion. Content creators assess: “Learners’ competence” in courses. If it is achieved, the learners are “grant[ed] certificates.”
B has two cases of assessing "referral service.”
B uses the course services recommended by A, will conduct a faculty assessment after use and evaluate the referral service of A (two equally valid assessments).
B uses any course recommended not by A, will conduct a faculty assessment after using the service.
Timeless Certification is only available for learners after the course completion. Learners will have the right to say YES or NO to receiving the certificate after they successfully complete the course.
The "YES" learners will inform the marketplace about the certificate-granting requirement. Learners are required to take “a test" from the direct content creator, receive “the Competency Assessment,” and wait for “the Certificate of Acceptance.” The learners will instantly be granted certificates. In addition, learners who have completed “the Competency Assessment" from reputable partners will receive certificates from these partners. These certificates have the same value as the traditional ones.
Learners will be granted coded certificates, converted to "hash function" and then stored on blockchain, ensuring the security of the stored certificates.
Proof-of-Content-Time is a function exclusively for content creators upon completion of the course in the form of Original File and Encryption with Timestamp technology.
Content creators who have completed the course have the right to request YES/NO to Proof-of-Content-Time. In the case of a dispute, TEN will retrieve evidence-generated data at the time the content creator requests. The "Yes" answer will submit to TEN, and then TEN retrieves and confirms that at least one learner completed the entire course. The Proof-of-Content-Time is immediately running: The original file is encrypted, converted to a "hash function" and used the form of "mass storage data".
Content creators are responsible for storing, managing original files, and paying for Proof-of-Content-Time fees.
“Community” is a very important factor in developing a decentralized system. Participating in expanding the community in general, in the major in particular will allow new members to have more objective assessments in the community and rewards for community development for referral members.
To become a referral person, members are required to use the service and give an evaluation of that service in the community. "TEN encourages the referral person to register for KYC Level 3 to ensure honesty, reputation and the highest coefficient in the award level standardized formula.”
TEN bases on the "referral code" that B saved on registration to give A a reward with corresponding level of A at the time B did the first service.
A gets percent commission once only when B uses the first service at any role: a learner, a content creator, a vendor (not including an employer).
For the purpose of encouraging and improving the quality of the community, the member with the higher rank will get a higher commission percentage for their recommendation.
All courses related to all occupations in society to meet the needs of learners can be posted on the TEN community. Highly reputable lecturers or members who want to share their passion and knowledge can post courses in the community. Courses related to religion, politics, terrorism are not on TEN.
People of all ages can participate in the community. There will be courses that will suit every age.
Our website is: tentech.io