BNV: BeNative's Token Economy for Social Reinforcement Learning System
BeNative is language learning online service with more than 600 thousand users. Users can learn real native English not from language teachers but from native global leaders of top companies. ‘Education For All’ has been the mission of BeNative since its beginning in 2013. Over the past few years, we have been executing our plans to achieve our mission. As a result, BeNative attracted 9 million dollar investments and launched 4 global headquarters in South Korea, Japan, China, Hongkong, providing BeNative service to 181 global countries with 6 prepared language subtitles (Korean, English, Traditional Chinese, Simplified Chinese, Japanese and Hindi) and Spanish subtitle is going to be released in near future. BeNative currently has 100,000 active users around the world.
Development of cryptocurrency technology made us possible to introduce BeNative Digital voucher (BNV) and reward people with the most decentralized cryptocurrency Bitcoin. BNV is designed to enable all people to easily access BeNative service. It is Digital voucher in the form of ERC-20. It is truly global and state-free. It is fungible and transferable. Core attributes of BNV enable reduction in energy consumption for complex processes in purchase and transfer. Also, low commission remittance will generate more opportunities in education.
‘Learn English, Earn Bitcoin’ came out to motivate people to study. BeNative rewards everyone who studies with BeNative service. We estimate all your studying process with XP and amounts of XP will decide how much reward will be given. XP is proof of learning. It is inherent, inalienable and non-transferable. The only way to get XP is to study and participate in missions. You cannot buy or get XP from others. There is a limit on daily XP but no limit on the amount of total XP as there is no end to learning.
BNV economy is activated by advertising revenue. Attracting the platform’s advertising requires a certain number of active users (We define XP holders as active users). We set the duration of the active user gathering and advertising hosting to 7 weeks and define this period as ‘Initial round’.
To facilitate initial participation, Initial round benefit will be given. Initial round benefits include premium membership discount ($7.99 → $0.99), Double XP reward, and BNV Airdrop events (Registering and trading BNV in Cryptocurrency exchange, inviting friends, accumulating XP). The Initial round benefit gradually decreases every week. The earlier users participate, the more benefit they can get, which gives strong motivation to participate early. After 7 weeks of Initial round, Initial round benefit ends, and the distribution of Bitcoin rewards begins based on the advertising revenue pool.
During the Initial Round, users can win Bitcoin rewards through Weekly XP Ranking. Weekly XP Ranking is a special event that takes place during the Initial Round before Bitcoin reward begins. BeNative selects weekly XP rankers through the competition. Weekly XP rankers are ranked according to the amount of weekly accumulated XP. Weekly XP rankers are represented on the BeNative Weekly XP Rank Board and are rewarded with Bitcoin.
BeNative is associating with global corporations, non-profit organizations and academic institutions to provide better education for more people.
BeNative Partner Network creates BeNative together as a social learning community based on facilitation and sponsorship and provides education to more people.
Advances in technology have brought people of different nationalities together as one global citizen. Now everyone can easily communicate across the world with a smartphone. Despite of new opportunities on study, business and expansion of horizons in interconnected world, language barrier has been big obstacle developing its potential. This has prompted the world to become enthusiastic about learning global language, English.
BeNative has 600,000 members and 100,000 active users around the world. We define active user as a member who collects XP by learning. We described the invisible achievements and efforts of learning as visible figures with XP. This was to increase the learner’s motivation. In 2016, the third year since BeNative came into the world, we executed a cash reward system to strengthen learner’s motivation even more. However, we had to finish the cash reward due to complex remittance procedures and high international fees.
Advent of blockchain technology solved this problem and enabled people to send international money worldwide securely and cost-effectively without any help of third trusted party. We use the technologies to introduce a digital voucher BNV that is easily purchased and transferable anywhere in the world. Also reward everyone who learns in BeNative with the most centralized cryptocurrency Bitcoin.
BeNative is language learning online service created by Ed-tech company Smatoos.
BeNative specializes in teaching natural way. All contents consist of real interviews and lessons from native global leaders.
‘Education For All’ has been the mission of BeNative since its beginning in 2013. Over the past few years, we have been executing our plans to achieve our mission. As a result, BeNative attracted 9 million dollar investments and launched 4 global headquarters in South Korea, Japan, China, Hongkong, providing BeNative service to 181 global countries with 6 prepared language subtitles (Korean, English, Traditional Chinese, Simplified Chinese, Japanese and Hindi) and Spanish subtitle is going to be released in near future. BeNative currently has 100,000 active users around the world.
BeNative has been supplying language service to leading companies in South Korea such as Samsung, LG and Nexon. As demand increased, launched global branches in Tokyo, Hongkong and Beijing. In Japan, BeNative has been published as a university textbook by Kirihara Shoten, one of Japan’s leading publishers. In China, it has been adopted as a teaching material for Chinese public officials. In Taiwan, provided contents through mobile services through a company Taiwan Mobile.
BeNative service consists of Basic membership and Premium membership. Users can choose between two, depending on their personal purpose. Difference between Basic membership and Premium membership is the amount of content and XP reward. There is no difference in the difficulty or quality of the content. Basic membership is free of charge, providing limited amount of content and XP reward. Premium membership costs $7.99 with U.S dollar or 100 BNV. Premium membership provides more learning content and double XP reward.
Until now, users has been purchase BeNative premium membership with 3 currencies : Korean Won, Japanese Yen and US Dollar. Fiat currency system has the disadvantage of requiring global users to go through complex payment procedures and a large amount of international fees in the purchasing process.
With development of cryptocurrency technology, we introduce our new payment method BNV.
BNV is digital voucher built with blockchain technology. BeNative Digital Voucher (BNV) is designed to enable all people to easily access BeNative service.
Anyone with a mobile phone can easily transfer BNV to each other at very low cost (or no cost at all depending on the condition).
Core attributes of BNV are :
It is a digital voucher to purchase a BeNative premium membership in the form of ERC-20.
It is Global and State-free.
It is Fungible and Transferrable.
In the past, a reward system has been primarily a reward for results. It undermined the philosophy of true education. Result-based reward system cause people to lose motivation in the intermediate process before achieving goals. The more time and effort a goal requires, the more people lose motivation.
Learning a foreign language requires an effort and dedication for a long time.
BeNative divided the whole process of learning into a step-by step. Every lesson has a study guide with 4 steps: Real video, Lecture video, Expressions, and vocabulary. Each time a user completes one step, XP is received regardless of the result. Rewards on small processes give accomplishment and more motivation to a user.
Core attributes of XP are :
XP is Proof of Learning
XP is Infinite. No limitation with amounts.
XP is Inherent, Inalienable, Non-transferable.
XP activities include learning lessons and completing missions.
There is a limit on daily XP amount you can get but there is no limit on total amounts of XP. Amounts of XP is infinite just like there is no end to learning.