ODEM ICO : The First Decentralized Education Marketplace? (ICO ReVIEW)

Are you looking for a great investment to make in the cryptocurrency market right now? There is a great variety of choices that you can make, so it can be very hard to know in which one you will invest for the greater return on investment. Because of this, knowledge about the market is vital if you want to invest well.

Our blog’s prime mission is to inform our readers well, so we always search for the best investments tips and review many interesting companies that can be great assets for you in the future. Today we are going to review a new company which has appeared on our radar lately called Odem.

What is Odem?

Odem is a blockchain start-up created with the objective of giving students more power over their own careers. The company believes that there are many students over the world that are eager to have a better education but lack the resources and the organization to do so. Odem intends to use the power of blockchain technology to make quality education something that is more accessible.

Odem will not be an online education platform. The company will, in fact, combine the flexibility of online education with classroom learning. The idea is that the educators will be able to sell courses and the students will purchase them through the platform.

This process will empower the students by being completely transparent, fair and well organized. The goal of the company is to create a global environment in which the students can buy classes anywhere in the world, attend to them in a presencial way (if they bough classes near their homes) or online and pay using Odem’s tokens.

This will give the students more options than they already have when they consider the universities that are near them because they will have a global market in which they can look for the more suitable knowledge.

How Does Odem Work?

Odem wants to create an environment in which students and educators can transact with each other without needing a middleman. The platform will serve as a marketplace for real world education experiences. The students can purchase courses, lectures and curriculums using the platform and pay easily with the ODEM Wallet, which makes transactions via smart contracts.

Educators will be able to submit their products: courses, lectures and curriculums and receive their commission via the ODEM Wallet. The wallet will have zero transaction fees meaning that the teachers will receive all the money paid by the students.

This platform will work using the principle of transparency: the buyer will know that it will be buying, who is getting the money and the smart contract technology will ensure that nobody is ever scammed using this system.

Odem will also use artificial intelligence to constantly verify professors and students to avoid any problems. The system will administer assessment tests and ensure the quality of the programs on the platform.

How to Invest Using Odem?

To invest in this company, you will have to buy its ODEM tokens. They are ERC20 Ethereum-based tokens which can be used on the educational platform to trade for educational services. You will be able to buy the ODEM tokens during the Initial Coin Offering (ICO) as the pre-sale was already finished in December 2017. The sale will begin on February 17 and it will last until March 19.

You will be able to use ETH to buy the tokens and you can store them in any Ethereum wallet. The tokens will be distributed as soon as the sale is finished.

The Odem Verdict

Is this company a good investment for you? That really depends on some factors. Odem has some very positive points like having a good business plan and using a good technology, but it also makes many promises for a platform which is still not online, so this adds some level of uncertainty to this investment. In any case, it looks like a good investment.

If you are a teacher or a student who want to use the platform, Odem can be an excellent financial asset for you because it will enable you to pay less for the services provided by the platform. On the other hand, you would be somewhat less interested to invest in this company if you do not plan on using its services.

In the end, the choice is up to you. If you are interested in Odem, you can safely decide to invest in this company. It looks like an overall good investment and you will not have to worry too much about it, as it will probably be at least somewhat profitable.