What Coins are in the Fear Of Missing Out Pump?
FOMO Coin of the Day is where I look at coins in or near the Top 100 in market capitalization that have show an interesting amount of increase in price. This increase can be due to many things, including manipulative pumps. I will give my opinion on the coin, but do your own research if you plan on investing in any cryptocurrency.While BitCoin (BTC) decided to break through USD$4k today, the rest of the cryptocurrency market is hanging on for the ride. Some coins decided to make their jump To The Moon days earlier and one of them was ODEM(ODE). As you can see by the chart below, ODEM has been a rock star since it came to being and yesterday it jumped up big again and is still doing 10+% in the last 24 hours.
ODEM(ODE)
ODEM is an On-Demand Education Marketplace built on the Ethereum blockchain.
Yes, ODEM is a token on Ethereum and it is focused on providing easy access to education to everyone.
ODEM is using blockchain technology and the ODEM Token (ODE) to reshape the global education industry. As students and educators come together on the platform, ODEM will radically improve the efficiency of organizing and delivering in-person educational experiences
This is an interesting project, just in terms of what is going on with higher education in the U.S.. For the past 3 decades, there has been a huge push to get more people into college. This has been done mostly by lowering requirements and increasing grants. Frankly, those two methods just make a college degree worth less, which is why there is a trend for people to have more degrees and certificates beyond their first degree. In a sense, it seems as if education is a pyramid scheme forcing newcomers into getting higher and higher degrees, just to compete on the same level as high school dropouts from a few decades ago.
Anyway, back to ODEM. ODEM's plan is to get the educators out of the institutions so that they can directly work with students who need the education for the particular career that they want. It allows the student to pay the educator, without the worry of huge education loans that they have to pay off immediately after receiving a degree. In the end, the student and the educator has skipped over the middle-man and now have a blockchain verified certificate of completion. The educator benefits by showing their skill levels and ability and the student benefits by showing that they have the knowledge skill sets for a career.
This is very disruptive to one of the biggest industries in the world. This is going back to the basics of education. Learning what you need to learn for the job and not having all the fluff.
I guess, in a way, ODEM is being the new middle-man in order to cut out the middle-man and the fluff.
More on the ODEM token itself.
The ODEM Token acts as a fuel for the ODEM Platform and its smart contracts that manage relations between students, educators, and service providers. Among essential ODEM Token functions are:
- Securing educators, service providers, and students commitments to academic programs through the staking process.
- Generating blockchain-based academic certificates.
- Serving as an incentive to educators (rewarding them for creating high-quality content) and to students for progress in a course.
- Streamlined payment process for service providers and educators to receive funds quickly.
They raised $10 million in an ICO (10,000 ETH) and put out all the tokens (268,946,131) in the market. Not having continually growing number of tokens and limiting it to under a billion, should help with the price.
Oh... CES 2019 starts on Monday. Every token/coin that had a booth last year, jumped during CES. ODEM apparently has a booth this year.
May the FOMO Forever Be in Your Favor
Let the positive energy sing!
More Power to the Minnows!!
Trading on Bittrex and Binance
Claim Your Stake with a Stake Box
HODLin’
Stellar Lumen(XLM) -- Cardano (ADA) -- Digibyte(DGB)
Get your old school text-based gaming on.
Play Your Cards and Battle