SmileyCoin (SMLY) is a crypto coin to make payments of rewards to students. This reward is based on the performances of students in their studies. This performance is judged in the environment of tutor web learning.
This tutor web learning is a completely open educational system and is freely accessible by any student. This tutor web open educational system gives extra emphasis on mathematics and statistics. This tutor web educational system with its system of paying rewards to students has been tested successfully in Europe and Africa, in their high schools and universities. This educational system is commonly used by students who wish to practice difficult topics.
This system of education in tutor web is conducted in an environment which is based on online drill. The aim of this system is to promote learning among students. The instructor generally points to the students their needed resources. It may use the tutor web grade as a course grade.
The tutor web educational system makes payment to the students for their completing their assignments, drills and exercises. This payment is made using SmileyCoin currency SMLY. The amount of payment made to students varies from course to course. A student may be getting paid by few SMLYs for passing a lecture but the student may get many more SMLYs for getting the highest grade. To get the rewards, the students must download a SmileyCoin wallet to store her/his SMLYs. The student must redeem her/his earned SMLYs into the wallet. After this, the student can pay a peer for tutoring. The student may use her/his earned SMLYs to pay for the peer. The student can buy coffee for the SMLY or can exchange the SMLYs for other cryptocurrencies.
SmileyCoins are stored by the students in wallets. These wallets are SmileyCoin wallets for Linux, Android and Windows. These wallets are available for downloads. The usual process to obtain SMLY is to complete the drills in the system of tutor web. But other ways to obtain SMLY is by registering at a number of exchanges of crypto currencies and buy SMLY. SMLY can be used to pay for coffee in coffee shop on the campus at the University of Iceland. SMLY can also be used to pay peer tutors within the tutor web.
SmileyCoin is the first ever cryptocurrency that is used to promote learning among the students. SmileyCoin is used to successfully incentivise education. This is indeed very good and will go a long, long way.
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