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Student Coin Redemption: Team Announces It Will Buy Back All Stc Tokens in the Next 5 Years

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Student Coin Redemption: Team Announces It Will Buy Back All Stc Tokens in the Next 5 Years

Student Coin announced the launch of the Student Coin Redemption program on Apr. 9 to buy back all STC tokens from holders across the project’s platforms.

 

This initiative follows careful consideration by the team and marks the end of the Web3-focused development and education project. According to the official announcement by the project’s team, each Student Coin refund has been calculated on an individual basis. The calculations took into account factors such as the respective purchase prices of all the tokens and whether the STC coins were received via an airdrop or not.

 

During the Student Coin Redemption, tokens will be purchased at a price much higher than the current market rate, wrote the team. All of the project’s available funds, which were initially set aside to develop Student Coin, will also be put towards the redemption process.

Student Coin Background

 

Founded by a group of students from Warsaw, Poland, Student Coin was initially named“ALK Token.” The crypto quickly gained traction following a series of airdrops to students at Kozminski University and other Polish institutions. This heightened interest was enough to earn the crypto a spot on the Waves Exchange, setting the stage for international airdrop campaigns. By the end of 2020, STC reached 15,000 students from over 500 universities across the globe.

 

The Team Pushed to Bring More Value to the Token

 

The team sought to keep the positive momentum going by introducing more value into the Student Coin community. This led to the establishment of the STC Academy – a comprehensive online resource that covers topics such as blockchain, crypto, and personal security within the Web3 space. 

 

Additional funding sourced by the team was then utilized to develop more sophisticated products such as the STC Wallet, an exchange and a terminal that students could make use of to deploy their own tokens. The years that followed saw the continued enhancement of these products, as well as the launch of Coinpaper, a fast-growing news outlet that has achieved an average monthly growth rate of around 19.75%.

 

Build up to the Student Coin Redemption

 

Several factors influenced the final decision to bring an end to the Student Coin project. Together with how difficult it has become to allocate capital towards growing the token’s fundamental value, other hurdles, such as the legal uncertainty surrounding the crypto space, as well as the mounting pressure on the team, were the main reasons that led to the decision to launch the Student Coin Redemption.

 

The crypto community’s prioritization of a crypto’s speculative performance over its overall development has exerted additional pressure on the Student Coin team, the team said in the announcement. This is especially true following STC’s meteoric 13,000% rise to an all-time high of $0.06599 per token after its listing in 2019. According to the team, this rapid ascent has resulted in unrealistic expectations from some in the community.

 

Realizing That the Expectations Were Too High

It quickly became clear to the Student Coin team that delivering on these high expectations would prove to be extremely difficult. Products, including the STC University, STC Academy, Coinpaper, STC Wallet, and the STC Terminal, were not enough to meet the community’s expectations. Increased spending for the development of the Student Coin ecosystem also did not have the desired effect, prompting the team to re-evaluate the project’s future direction.

Source: STC Token Price History

                                         Source: STC Token Price History

 

Regulators have turned their attention to the burgeoning crypto space following the collapses of FTX, Celsius, and Luna as well. With the crypto space continuously evolving and the regulatory uncertainty that still clouds the digital asset sector, the Student Coin team said it has been restricted in terms of developing STC and the Student Coin offering. This is the reason planned initiatives such as converting the STC Wallet into an exchange and the expansion of the STC Terminal for partner startup crowdfunding were put on hold, according to the announcement.

 

With all of these factors considered, the team decided it would be best to buy back and then burn all STC tokens across the ecosystem through the Student Coin Redemption. This buyback initiative will be performed simultaneously across the STC Wallet and various open-market platforms such as the centralized exchange KuCoin and the decentralized Uniswap. Holders trading in the open market will also be able to sell their STC tokens on other platforms that support the crypto. The whole process of $STC token redemption is very complex and seems to take care of every token holder, which is outstanding in the cryptocurrency world. The Student Coin community expresses its support for the team in project chats and on social media.

 

The 5.1 billion tokens held by the Student Coin team will also not be redeemed and will instead be burned immediately with the aim of maintaining a high level of transparency during the Student Coin Redemption process.

 

Certain Holders Will Be Prioritized During the Student Coin Redemption

 

The Student Coin Redemption is a massive undertaking, given the varying backgrounds of all of the STC token holders. These token holders range from airdrop recipients to people who purchased STC tokens at different market prices throughout the project’s 5-year existence. In an effort to accommodate all holders fairly, certain groups will be prioritized by the Student Coin refund.

 

https://twitter.com/studentcoinorg/status/1778023552505041071

 

Tailored strategies have been designed for each group of holders to streamline the entire process. Participants of the STC launchpad will receive preferential treatment, said the announcement. Meanwhile, members in the Premium Holder Program will receive enhanced rewards during the Student Coin Redemption.

 

STC Wallet users will also be prioritized, with an “Aggregated Redemption Price” already calculated for all tokens housed in the project’s official wallet. This price was calculated based on each user’s transaction history and activity level within the STC Wallet.

 

Student Coin Redemption Deadlines

 

The Student Coin Redemption commenced on Apr. 9 at 4:00 PM (UTC). Due to time sensitivity, the project’s team has opted for a phased approach. 

 

https://twitter.com/studentcoinorg/status/1780553703503651171

 

Tokens within the STC wallet will need to be redeemed by Jun. 9, 2024. Meanwhile, anyone who submits a redemption request will have the deadline extended to Oct. 9, 2024. Holders holding their tokens outside of the STC Wallet will also have until Oct. 9, 2024 to exchange their STC holdings on centralized platforms. Meanwhile, the Student Coin Redemption cut-off date for holders using the decentralized exchange Uniswap V3 is Apr. 9, 2029.

 

Tokens that are not redeemed by the above dates and are kept in the STC Wallet will automatically be burned. The funds that were reserved for the redemption of these STC coins will then be utilized as liquidity in the open market. More specifically, the capital will be used to enhance the pricing of STC on the open market to ensure the economic stability and value retention of the crypto over time, the announcement said.

 

Several Options Have Been Made Available for Holders

 

Token holders have several avenues to exchange their tokens during the Student Coin Redemption. For anyone who has tokens in the STC Wallet, the process can be completed directly within the application. Tokens on centralized exchanges or platforms other than the STC Wallet will need to be sold on the open market. For more information regarding the different ways STC can be redeemed, the team has provided the following graphic:

Different ways to redeem STC tokens during the Student Coin Redemption (Source: Student Coin)

 

The Student Coin team also emphasized that it will no longer be possible to deposit or withdraw STC tokens with the STC Wallet after Apr. 4, 2024. This is because prices for these tokens have already been locked in based on a snapshot taken that day.

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Press Release

BYDFi to List GOAT Token, Exclusive Rewards for New Traders

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IMG_256

BYDFi, one of Forbes’ top 10 Crypto Exchanges, has announced the listing of Goatseus Maximus (GOAT) .

Celebrating this new listing, BYDFi is offering exclusive, limited-time rewards to both new and existing traders: share 2,000 USDT bonus + 1,000 GOAT!

Full details about these rewards and how to qualify are available on [official announcement].

What is Goatseus Maximus (GOAT)?

Goatseus Maximus (GOAT), the first meme coin on the Solana blockchain managed by an artificial intelligence known as “Truth of Terminal,” is breaking new ground in the world of digital assets. With a significant investment from Marc Andreessen(co-founder of a16z), GOAT has gained notable backing that highlights its potential to reshape the digital economy. The token is currently trading at $0.4316/ token with an impressive market capitalization of $432,79M. Despite its recent launch in the crypto market just a few days ago, Goatseus Maximus has quickly become the talk of the crypto town. One reason is that its coin price has surged 10,000 times in the past five days.

About BYDFi

Established in 2020, BYDFi is a top-tier crypto exchange recognized by Forbes and trusted by millions of users worldwide. Endorsed by CoinMarketCap and CoinGecko, it is known for its professionalism, innovation, and exceptional security. The platform offers more than 600 cryptocurrencies for spot trading and advanced options like 200x leverage on perpetual contracts. BYDFi prioritizes user security, provides 0% trading fees, and facilitates easy crypto purchases in partnership with Banxa, Transak, and Mercury. Its wide range of trading tools enhances the trading experience and makes BYDFi an ideal choice for crypto traders worldwide.

Contact:

BYDFi Media Manager

Chloe@bydfi.com

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Protecting the Green and Beautiful Homeland to Make for Biodiversity

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Wenshan Prefecture is recognized as a treasure trove of species and genetic resources, both in China and globally. The academic community regards it as the “center of ancient plant distribution,” and it is the origin and modern distribution center for the Magnoliaceae family. This region is also known as the “Hometown of Magnolias in China.” Wenshan is home to extensive subtropical evergreen broad-leaved forests, karst forests, and unique cave ecosystems. It has been hailed as “An Oasis on the Karst Landform,”and “A Paradise of Biodiversity,”making it one of the most bio-diverse areas in Yunnan Province. In recent years, Wenshan Prefecture has been accelerating efforts to enhance its biodiversity protection capabilities, strengthening ecological space management, and effectively safeguarded the key ecosystems, habitats of rare and endangered wildlife, scenic areas, and biodiversity-rich regions.

Practicing the Green Development Concept to Achieve Significant Ecological Protection Results

Since 2011, Wenshan Prefecture has completed afforestation efforts covering 8.776 million mu (approximately 5.85 million hectares). Compared to 2016, the area of rocky desertification land has decreased by 226,800 hectares, with a forest coverage rate of 36.71% and the grassland vegetation coverage reaching 87.3%. Across the region, 27 nature reserves have been established, covering an area of 184,100 hectares, accounting for 5.86% of the total land area. Among these, there are 12 national-level reserves, 14 of provincial-level, and 1 of prefectural-level.

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Wenshan Prefecture currently has 416 recorded terrestrial wild animal species, of which 116 are listed under national key protection. There are 22 species of wild animals under first-class national protection, such as the slow loris, pangolin, and forest musk deer. Additionally, there are 94 species under second-class national protection, including the short-tailed monkey, Chinese goral, and silver pheasant. The region also boasts 7,907 species of wild vascular plants, with 224 species included in the national key protection list, representing 20.34% of the country’s total. There are 24 species of first-class nationally protected wild plants, such as Parashorea chinensis and Wenshan Red Orchid, and 186 species of second-class nationally protected plants, such as Aristolochia delavayi and Bole Tree. Wenshan has 57 plants species of extremely small populations, accounting for 47.5% of the national total and 56.44% of the provincial total respectively. The region also boasts 265 endemic plants, such as Manglietiastrum sinicum, Chinese Swamp Cypress, Michelia chapensis, Phoebe puwenensis, and Camellia reticulata. Moreover, Wenshan has 24 tea plant germplasm resource populations, covering an area of approximately 12,000 hectares with about 460,000 individual plants.

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Leading in Biodiversity Protection to Cement Ecological Security

Efforts have been made to enhance the monitoring and surveying of wild animal resources. In 2023, through sample line surveys, the Wenshan National Nature Reserve monitored 24 wild animal species, including the slow loris, pygmy loris, pangolin, masked palm civet, leopard cat, silver pheasant, golden pheasant, Yunnan Warty Newt, and Starry Torrent Frog. The monitoring recorded 61 bird species with 147 individuals, and 41 amphibian and reptile species with 341 individuals. Infrared cameras captured images of 20 species of ground-dwelling mammals from 9 families across 4 orders, and 58 bird species from 19 families across 5 orders. Among these, there were 2 species of second-class nationally protected wild mammals and 12 species of second-class nationally protected birds.

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In addition, rare and endangered plants such as Manglietiastrum sinicum, Acer yangbiense, and Cycas debaoensis have been introduced through experimental planting, with over 167 Manglietiastrum sinicum saplings, over 100 Acer yangbiense saplings, and over 30 Cycas debaoensis saplings planted. In collaboration with the Kunming Institute of Botany, Chinese Academy of Sciences, a baseline survey was completed for one hectare of mossy dwarf forest vegetation in the reserve. This survey provides a solid foundation for future re-evaluation and the assessment of ecosystem changes. Surveys were also conducted on 11 vegetation community sample plots and 13 key protected species plots, resulting in the collection of over 1,000 samples.

Utilizing Scientific Protection Achievements to Promote Harmonious Coexistence Between Man and Nature

Wenshan Prefecture has been actively working to shape a demonstration base for modern plateau agriculture focusing on the traditional Sanqi (Panax notoginseng) Chinese herbal medicine industry and the integrated development of grain, fruit, vegetable, and livestock farming. These efforts aim to promote sustainable and healthy agricultural development. Additionally, the region is fostering new integrated development models that combine culture, sports, tourism, and wellness, creating new scenarios, industries, and brands that inject fresh vitality into the tourism industry.

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The modern agricultural development represented by green food achieved vigorous growth. Wenshan has completed the construction of 117 demonstration areas of the “Six One-Hundred Bases” and 93 newly certified agricultural products under the “Three Products and One Standard” system. 14 provincial-level industrial bases have received recognition of  “Green Food Brand” standards.

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Focusing on the goal of becoming the global “City of Sanqi(Panax notoginseng),” Wenshan is advancing the entire Sanqi industrial chain, including planting, processing, trading, branding, and the listing of companies. The goal is to develop the Sanqi industry into a 100-Billion-Yuan industry. In 2023, the Sanqi planting area in Wenshan Prefecture reached 2.295 million mu, generating a comprehensive total output value of 17.895 billion yuan for Sanqi industry .

Wenshan Prefecture firmly upholds the development concept that “lucid waters and lush mountains and are invaluable assets.” With a deep-rooted foundation of green development, a beautiful landscape of ecological prosperity, thriving forestry, and prosperous livelihoods is gradually unfolding across the land of Yunnan.

2024-10-12 16:34:40.571000

    

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Crypto Forensics Company Launches “The Ultimate Guide to Recovering Stolen Cryptocurrency”

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Crypto Forensics Company, a leader in blockchain analysis and cryptocurrency investigations, is excited to announce the release of its comprehensive guide, “The Ultimate Guide to Recovering Stolen Cryptocurrency: Strategies and Tools Using Crypto Crime Investigations.” This essential resource is designed for victims of cryptocurrency theft, law enforcement agencies, and financial institutions looking to navigate the complex world of crypto forensics.

 

As the cryptocurrency market continues to grow, so does the prevalence of cybercrime targeting digital assets. According to recent reports, billions of dollars worth of cryptocurrency are stolen each year, leaving victims feeling hopeless and vulnerable. In response to this growing issue, Crypto Forensics Company has compiled a detailed guide that equips readers with the knowledge and tools necessary to recover stolen assets.

 

Key Features of the Guide:

 

1. In-Depth Analysis of Crypto Crime Trends: Understand the latest methods employed by cybercriminals to steal cryptocurrency, providing readers with insights into how to protect their assets.

 

2. Step-by-Step Recovery Strategies: Detailed, actionable strategies for victims to follow immediately after a theft occurs, increasing the chances of recovery.

3. Tools and Technologies: An overview of cutting-edge tools and technologies used in crypto forensics, including blockchain analysis software and tracking techniques.

 

4. Case Studies: Real-world examples of successful recoveries, showcasing the effectiveness of the strategies outlined in the guide.

 

5. Expert Insights: Contributions from leading experts in the field of crypto forensics, offering their perspectives on prevention and recovery.

 

 

“Our guide is a pioneering effort to provide individuals and organizations with the tools they need to combat cryptocurrency theft,” said Mr Mark, CEO of Crypto Forensics Company. “We understand the complexities of the blockchain and the emotional toll that losing digital assets can take. Our goal is to empower victims with knowledge and effective strategies for recovery.”

 

The guide is available for download on the Crypto Forensics Company website www.cryptocrimeinvestigation.com , along with additional resources and support for those affected by crypto crimes.

 

Victims of cryptocurrency theft often experience a range of profound emotional impacts, including:

 

1. Shock and Disbelief: Initially, victims may find it hard to accept that they have been targeted and that their assets have been stolen. This disbelief can lead to confusion and a sense of helplessness.

 

2. Anger and Frustration: Many victims feel intense anger towards the perpetrators, the cryptocurrency system, or themselves for falling victim to a scam. This frustration can manifest in various ways, including aggressive behavior or withdrawal from social interactions.

 

3. Anxiety and Fear: The fear of further financial loss or being targeted again can lead to chronic anxiety. Victims may worry about their financial future, potential identity theft, or the security of their remaining assets.

 

4. Depression: The loss of significant funds can lead to feelings of hopelessness and despair. Victims might experience a decline in self-esteem and a sense of failure, especially if they invested their savings or retirement funds.

 

5. Isolation: Victims may feel alone in their experience, especially if they believe others won’t understand or relate to their situation. This can lead to social withdrawal and a reluctance to discuss their experience with friends or family.

 

6. Distrust: Following a theft, victims often become wary of the cryptocurrency market and technology in general. This distrust can extend to financial institutions and online transactions, impacting their willingness to engage in future investments.

 

7. Guilt and Shame: Many victims grapple with feelings of guilt for not having taken better precautions or for trusting the wrong sources. This can lead to a cycle of self-blame that exacerbates their emotional distress.

 

8. Hope and Resilience: While the emotional impacts can be overwhelmingly negative, some victims may also experience a sense of hope and determination to recover their losses. This resilience can drive them to seek help, learn more about security measures, and take proactive steps to prevent future theft.

 

Overall, the emotional toll of cryptocurrency theft is significant, highlighting the need for support systems and resources for victims to cope with their experiences.

 

About Crypto Forensics Company:

 

Crypto Forensics Company is a pioneering organization dedicated to combating cryptocurrency crime through innovative forensic analysis and dedicated support. With a team of experts in blockchain technology and cyber investigations, the company is committed to helping victims recover their stolen assets and promoting a safer digital currency landscape.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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