NTOK

Description of the NTOK ecosystem 

The NTOK-X Ecosystem is a global decentralized blockchain infrastructure for monetizing competencies, sharing experiences and raising funds for development and training with the help of Personal Token Sales. Within the ecosystem, the only payment vehicle used in transactions is the NTOK token. Talents may produce their personal tokens, based on the NTOK infrastructure3. Within the framework of the blockchain infrastructure, a personal token is a unit related to user’s time , which may be produced or refunded. Other users may purchase Talent tokens to resale them or exchange them for a Talent’s time in order to obtain a certain type of service. Buying a tutor’s time for training may be an example.

The NTOK ecosystem for tokenizing talents is an evolution of Tutor Ninja, a private tutoring operator serving thousands of users, into a blockchain infrastructure for continuing, lifewide education. The NTOK tokenization platform concept comprises online schools, an online aggregator of private tutor services as well as tutors and NTOK ecosystem partners’ services. The standard private tutoring approach secures selected tutor’s hours at a fixed price. The tokenizing talents concept in addition introduces rules of trading by based on blockchain Talent tokens, which are a sort of prepaid gift cards for the “Talented tutor” hours / lessons to be provided in the future. The Talent tokens may be an alternative utility to order a Talent tutor lesson. An ecosystem user may buy, exchange, or refund Talent tokens (based on blockchain) as well as use regular functions of a private tutoring infrastructure. The approach meets various expectations of tutors and students.
The tokenizing talents functionality particularly provides an excellent opportunity for Talents to pre-finance their personal development and for Talent hunters to support Talents and earn on Talent token growth. The education market is rapidly moving from offline to online.

Basic functions 

The ecosystem provides a number of functions to support interaction of the NTOK users
1.Tutor
-  Provides services for Students
-  Sets a Timetable
-  Receives payment for services

2. Talent
- Produces personal tokens to raise
- Sets the parameters for personal Token sale
- Sets a schedule and rpovides service (acs as Tutor
- Refund their own talent tokens at a special redemption price
- Buys time of a tutor with the purpose of improving his/her qualification (acts as a students)

3. Student
- Purchases Tutor service
- Reserves time of the tutor
- Searches for tutor in a common database
- Buys tutor's timein exchange for personal tokens and core NTOK tokens
- Buys Talent's personal tokens in order to obtain services in the future(in fact, acts as a talent Hunter)

4. Hunter
- Participates in a personal token sale byproviding his/her funds and purchasing somebody's personal    tokens
- If he/she has a core NTOK token, then may moderate a personal token sale
- Exchange personal tokens for skill hours to obtain services (acts as student)
- Salls personal tokens on the NTOK internal exchange floor

Services and Knowledge Domains

The ecosystem target model is assumed to support a wide range of services including freelance development or design, per-minute consulting, etc in future. The NTOK Alpha version is to maintain one domain, however the most important for the economical model of the project. An exchange of experience and knowledge will be available from the moment of launching the NTOK blockchain infrastructure. We anticipate the following areas may be the most requested and relevant educational topics in the short-term perspective.

The Token Concept

NTOK
core ecosystem token
• Quoted on external exchanges
• Allows you to reserve the time slots in the schedule of any Tutor with Timetable
• Trade on the internal exchange market for personal tokens of users
• The cost is determined by the market by the demand and supply.
• There are a limited number of 33,000,000 tokens.

NTOK-P
(Personal Tokens) — personal tokens of users of the ecosystem
• They are quoted in the core tokens of the ecosystem only on the internal exchange
• Allow to book time slots in the schedule of a particular Tutor
• In the event that hand holders are present, ensure that the Talent of the token will have a certain           amount of time in the timetable for the provision of services
• Allows you to conduct Personal Token Sale
• It is an estimate of the demand for the competence of the user of the ecosystem.
• The cost is defined as the minimum of two values the Skill-Hour price, set by Tutor and the                 minimum price of a sell order on the domestic stock exchange.
• The number of personal tokens is limited only within the same Talent. Each ecosystem user                independently determines the amount of tokens needed to be released within this constraint. The          cumulative number of all issued personal tokens is unlimited.

Technology

Is going to be enrichd with service that provide NTOK users with additional functions or an extra quality
-Manucfacturers of LMS system
-Decentralized streaming and video services

Partners

1.Legal Partners
Help us protect interests of the ecosystem users and additionally guarantee them risk mitigation
-Legal advisers. At the moment we are working with DLA Piper.
-Verification services for verifying the data provide by users

2.Business Partners
-Regional schools and eductional organizations. Online learning service
-Aggregators and marketplace of service and executors of these service

Website
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