Bitcoin
BTC$61 094.59

-2.69%

Ethereum
ETH$3 996.92

-2.91%

Binance Coin
BNB$480.54

0.95%

Cardano
ADA$2.15

-0.34%

Tether
USDT$0.999909

-0.02%

Solana
SOL$197.93

-1.13%

Make Crypto Teaching Languages - Yellow Better


27 Feb 2019

#Ethereum

Yellow Better (YB) is a blockchain-based social portal developed by a team of crypto enthusiasts from Poland. The primary purpose of this platform is to help people acquire a better knowledge of foreign languages through direct communications with native speakers through the mobile decentralized application of the same name. Yellow Better also introduces its native token called YBT which is the basic mean of payment for linguistic services provided via the platform. The price of one YTB at the pre-ICO stage was assessed at 0.01 EUR.  

Yellow Better is directly associated with another crypto project called BetterPay, which is a cryptocurrency exchange designed specifically for handling payments that take place on the YB platform. The project’s whitepaper clearly indicates that 20% of all YTB tokens and 5% of all money raised during the ICO will be invested in the development of BetterPay. This info may suggest that Yellow Better might be only a transition project while the developers’ main point of interest lies with the crypto exchange. Nevertheless, Yellow Better definitely provides both social and educational value to the blockchain community which makes it worthy of investor’s attention.         

The concept of Yellow Better


Yellow Better offers a slightly innovative approach to learning foreign languages. This approach presumes that the Yellow Better members would benefit more from having direct and informal conversations with a native speaker of a given language than from grinding at grammar and committing dozens of words to memory, which oftentimes are far from being contextually relevant.

The idea will be implemented in practice through the dApp which had been developed on the Ethereum blockchain thus making YBT compliant with the ERC-20 standard. The platform will feature two types of users: the students and the tutors. The project’s whitepaper doesn’t contain any specific information about whether or not the tutor should have an academic background in linguistics. Apparently, being a native speaker of a particular language and having an extensive knowledge of country’s cultural and social peculiarities would suffice to qualify as a tutor on Yellow Better. However, the students would have the option to choose the tutor with a degree.  

Yellow Better also has a distinguishing feature which constitutes in the fact that the service allows users to choose the teachers with regard to the following characteristics:

This brings us to the point that concerns the revenue and remuneration models used on Yellow Better. The platform will be making profits by imposing a moderate fee for each transaction and by running sponsored advertising and marketing campaigns. Also, the YB team will be implementing the SAS (subscription) and prepaid (students purchase the lessons in advance) models. The platform would strongly rely on social media influencers to ensure the additional recognizability of the Yellow Better brand. All payments will be carried out through the BetterPay crypto exchange where users will be allowed to change YBT to fiat money or other cryptocurrencies.  

ICO details


Yellow Better doesn’t make any attempts to conceal the fact that they will focus heavily on the promotion. According to the whitepaper, 58% of funds acquired through ICO will be allocated for the global marketing campaign whilst only 30% will be spent on platform development.

The presale stage ended last summer, and now Yellow Better is doing the private token sale, which will end on February 28, 2019.

Right now, YBT are sold at a price of 0.02 EUR a piece. The minimum investment is established at 50 EUR.

Yellow Better offers bonus and bounty programs. Citizens of USA, Canada, China, and Singapore are not allowed to participate in the private sale.

The ICO review platforms gave Yellow Better mostly favorable reviews.


Related

Ethereum sees picture perfect rejection at all-time highs
Ethereum sees picture perfect rejection at all-time highs
Ethereum nears its own all-time high as ETH price retakes $4K
Ethereum nears its own all-time high as ETH price retakes $4K
This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4
This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin
Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin
Amount of ETH held by miners reaches highest level since 2016
Amount of ETH held by miners reaches highest level since 2016
Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
ETH 2.0 moves closer to fruition as devs set Altair upgrade for October
ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60.8% 76 $61 094.59 -2.69% -0.50% $1 151 720 833 707 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 57 $3 996.92 -2.91% 4.01% $471 785 264 160 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 60 $480.54 0.95% 1.76% $80 155 230 907 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 88% 12 $2.15 -0.34% -2.98% $70 883 614 519 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999909 -0.02% 0.08% $69 567 802 919 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 72.8% 55 $197.93 -1.13% 23.77% $59 541 620 156 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 73.2% 51 $1.092040 -0.99% -4.01% $51 267 312 972 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 64.8% 79 $44.08 1.43% 0.08% $43 532 326 968 DOT 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000226 0.01% 0.09% $32 407 316 173 USDC 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 57 $0.244354 -0.30% 3.25% $32 206 068 433 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 67.6% 65 $43.89 4.32% 18.40% $17 625 054 018 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74% 47 $25.68 -3.26% -0.73% $15 705 167 358 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 64 $66.07 3.75% 18.04% $14 555 166 771 AVAX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66.4% 75 $61 091.83 -2.81% -0.46% $13 506 978 750 WBTC 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 70.8% 57 $192.37 -3.89% 0.97% $13 236 281 618 LTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.