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Adding games to financial education with NFTs and a using native coin could also make learning about money easier and bring more fun.
Banksters, an EduTech platform, will launch its cryptocurrency, $BARS, on April 24th through a token sale. BullPerks, Games Pad, and StormGain are the three main cryptocurrency launchpads where this event will occur.
The project is part of Banksters’ larger plan to use non-fungible token (NFT) technology in a teaching model that turns different parts of daily life into games, making them fun and educational at the same time.
Adding $BARS is likely to be very important to Banksters’ ecosystem. The token will be used in several ways, improving the user experience by making the game more useful.
People will use $BARS to pay to join exclusive “investment runs,” improve their mining rigs, level up their Bankster NFTs, and create new “child” Bankster figures. The token can also be used to buy Bankster NFTs immediately, making it more valuable and useful.
Alexandru Carbunariu, CEO and CMO of Banksters discussed the token’s importance, saying:
“We are thrilled to finally launch our token, which marks a major milestone for Banksters and the team that has worked diligently to bring us to this point.”
“The launch of our native token not only gives members of our community an opportunity to deepen their engagement with our platform, but it also paves the way for expanding our ecosystem. The $BARS token is integral to our model of gamifying financial education and trading, and we are completely convinced that it will empower users to maximize their experience within the immersive Banksters world,” he continued.
Pre-launch Activities and Getting the Community Involved
Before the token sale, Banksters ran an airdrop campaign that rewarded the site’s most active users for two weeks. The campaign finished on April 17. The top 1,000 players each got a range of NFTs worth 100,000 USDT.
These NFTs, which had different difficulty levels and properties, were part of a plan to get people excited about and involved with the $BARS launch. Following that, 2,000 Minting Scroll NFTs were made available for buy on Magic Eden, which is a well-known NFT store.
Also, the site launched the BARS Token Leaderboard Contest. The goal was to get users more involved by giving at least $5,000 in $BARS tokens to the top 50 players. The game ends on May 20 and offers double prizes to people who own Minting Scrolls, encouraging more people to participate.
The event is only open to certain people called “Traders (Reptilians)”. This shows that Banksters is targeting the community regarding rewards and ways to get involved.
The launch of $BARS is noteworthy for several reasons. First, it’s a new way to use blockchain technology in educational technology. This could change how educational material and experiences are provided and paid for in the future. When an EduTech platform uses a native token, it adds a new level of interaction and economy, which could make users more interested and keep them around longer.
Adding games to financial education with NFTs and a using native coin could also make learning about money easier and bring more fun. This method makes difficult ideas easier to understand and allows students to learn by doing, which may be more effective than more standard methods.
It could also affect the EduTech and crypto industries. As sites like Banksters combine these technologies, more people may use cryptocurrency and blockchain technology.
This is especially true for younger people, who may be more open to learning through games. If these projects are successful, other educational platforms might consider adding similar features. This could lead to a more broad use of blockchain in educational apps.
As the launch date for the $BARS token gets closer, people in the crypto and educational technology groups are getting more and more excited. Banksters’ smart use of NFTs to turn educational material into games is a new development in both areas.
Adding a native token to this model makes it even more useful by giving users new ways to interact with the platform and learn about money in the real world. The launch could have long-lasting effects on how educational material is organized, given, and valued in the digital age, leading to more interactive and interesting learning settings in many areas.
