Internal economic environment: e-commerce functionality is limited to products sold by the school, or local neighborhood vendors donating promotional products to the school for use in the program. Local volunteer mentorship programs can use this opportunity to reach out to students by offering their time and services in the marketplace. The Tetoka platform is offering School Habitat in its Beta stage for classrooms of 15 or more students or schools with multiple classrooms. Participating in this Beta is currently free and this Habitat Level will always be available as part of our trial period once the initial beta stage is over.
School habitat functionality with added support for wider marketplace of vendors from other towns, schools are able to transact with each other. This habitat level makes all products created by a school available to other schools in the community. Community Habitat level will be the default economic environment after Tetoka’s Beta stage. In this economic environment the Toka virtual currency value is equivalent to the local fiat currency (in this case the US dollar) and the underlying payment infrastructure is more complex.
Bounty Based Earning, Task Based Earning, Course Top Performer Earning and Course Bounty Earning are introduced as basis of all possible currency earning methods that can be applied to educational activities.
All features of School and Community Habitat levels plus ability to participate in a wider marketplace of products across the country. Schools and vendors from every state in the country become visible in this financial habitat. Apart from equivalent Fiat currency value and principal earning methods from Community Habitat level National Habitat introduces a new way to earn Tokas, through the introduction of volunteer network computing. Participants at this level earn rank by allowing Tetoka to use unused CPU cycles while they use the educational platform to solve computational problems for BOINC or other volunteer computing network affiliated with Tetoka. While this method does not directly earn its users any Tokas it does increase their ranking as a school. Collaborative ranking will be used to determine a schools eligibility to receive Tokas from Boon Bounties. We will expand more on the concept of bounties on another article.
All previous Habitat capabilities plus added participation with schools in other countries. In this economic environment, the value of Toka’s as native currency is absolute, meaning that it is not equivalent to the local Fiat currency of a participant for purposes of trading internationally. For the value of Tokas to be absolute in this economic environment participating users need to be part of a registered Tetoka institution or group already engaging with other users at the National Habitat level and have their status converted to Global Habitat. Being part of a global community of learners brings many advantages and benefits for learners and teachers. User who meet the requirements are encouraged to convert their accounts to this Habitat Level. The conversion process involves a re-valuation of funds in your Tetoka bank account.
For single signup users, the default habitat level is defined as Community and will be determined by the user’s location. Individual users are encouraged to talk to their school about Tetoka for a more inclusive learning experience. After all, Tetoka is all about creating economic environments. Tetoka is only offering School Habitat in its Beta stage to encourage user adoption and community involvement. During our Beta stage vendors who gain high number of purchases on their “promotional” products will enjoy higher rankings in Community Habitat Marketplace searches as well as premium advertisement placements on Community and National Habitat Marketplaces, this boost in ranking will directly affect their product visibility to wider audience of potential customers.