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Title: Student Coin Redemption: Team Announces It Will Buy Back All Stc Tokens in the Next 5 Years
Student Coin Redemption: Team Announces It Will Buy Back All Stc Tokens in the Next 5 YearsStudent 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 BackgroundFounded 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 sour...
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