Edufex Introduces Blockchain-based Learning Management System, pre-IFO sale for EDUX tokens underway

Edufex Introduces Blockchain-based Learning Management System, pre-IFO sale for EDUX tokens underway

Edufex, a blockchain-based learning management system, is undertaking the pre-IFO sale of its EDUX tokens through its official website. Notably, the first phase of the pre-IFO sale is expected to end in less than two days. Whereby token prices are set at €0.01 and scheduled to rise every 24 hours until the end of the sale on April 29, 2021.

Through the Edufex platform, anyone can signup and acquire available skills through the selected universities. According to the company, it has partnered with over 8 universities and has facilitated over 16958 students and 672 teachers. 

In a bid to revolutionize the learning system that has significantly been disrupted by the ongoing Covid pandemic, Edufex will provide an e-learning platform through a cloud-based schooling system.

Besides, Edufex has also introduced a platform for people to earn EDUX tokens either through becoming an instructor or a tutor. As for the ongoing pre-IFO token sale, the company has set the minimum purchase of the EDUX tokens at €100. Further, anyone interested in the EDUX tokens can only purchase using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and TRON (TRX).

The company plans to distribute the EDUX tokens upon the completion of the ongoing offerings. The EDUX tokens play a vital role in the Edufex ecosystem, whereby it is primarily used as a payment solution and also as a governance token.

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As the global economy morphs in accordance with the Covid pandemic, the education system especially e-learning is gaining notable traction. According to a concluded prior survey, the global E-Learning market is expected to reach $336.98 billion by 2026 growing at a CAGR of 9.1% from 2018 to 2026. On the other hand, the e-learning market in Europe is poised to grow by $ 24.23 billion during 2020-2024 progressing at a CAGR of 12% during the forecast period.

By collaborating with notable global universities, anyone can now achieve educational skills that assist in the employment industry. The company is betting big on internet connectivity, laptops, and smartphone distribution in the world to achieve its goal.

However, as more countries roll out the 5G network connectivity and more smartphone companies produce 5G enabled hardware, the e-learning industry is poised to scale further. Through Edufex, students will reduce the cost of attaining education and minimize the risks of contracting coronavirus or other airborne diseases.