Our mission is to help college students graduate debt-free and increase access to education around the world.
Our mission is to help college students graduate debt-free and increase access to education around the world. To accomplish that mission, we created College Wallet and The Collegecoin Network.
College Wallet is an easy-to-use mobile app for students and their families. It gives students a powerful tool to raise money for college. Students can request and receive money in minutes and have access to a large inventory of blockchain-based financial aid awards. Parents can contribute into smart-contract powered educational savings accounts (ESAs), with access to an ever-widening range of new blockchain assets.
Collegecoin (COLL) is a utility token used within College Wallet and The Collegecoin Network. All services provided by our network are purchased and paid for using COLL, including the creation of ESAs, educational gifts, and the fees involved in money requests. COLL is also used as an incentive to participate in our network.
*See our whitepaper for more information about our token.
Our founders begin the concept stage of Collegecoin.
In Q4 2017, we began architecting, designing, and prototyping several web and mobile experiences that gave rise to College Wallet, a mobile app meant to give students greater access to money. After evaluating a number of blockchain and other platforms and for reasons explained in our whitepaper, we decided to build Collegecoin on top of Stellar.
In Q2 2018, we started thinking hard about where we wanted to base our business. We are on a mission to use the blockchain for good. We therefore created a non-profit entity, Collegecoin Foundation, as our main operating entity. We decided to charter it in Wyoming because we believe the legislation and the legislative spirit there aligns with our mission.
We also created a for-profit entity in Wyoming and a for-profit entity in Puerto Rico, both named Collegecoin LLC. We will use both entities and others to perform various services needed by the foundation.
We generated 10B tokens on the Stellar public network on June 11, 2018 using the asset code COLL.
Community members, supporters, and others are able to begin buying COLL and participating in the network.
We plan to release College Wallet to the general public in Q4 2018. Until then, we will invite many of our users to participate in a private beta.
Web app that allows charities to create scholarships and grants to be awarded through College Wallet. Charities can precisely define qualification criteria, including academic, financial, and demographics factors.
Launch of the Collegecoin Lending Network, a smart-contract powered lending platform that allows students to borrow fiat against their ESA assets.
Web app that allows impact investors to create tokenized “impact funds” that can be used to acquire existing student debt. Impact investors can precisely define qualification criteria, including academic, financial, and demographics factors.