Providing Student Funding via OX and OM, in Terms of Pai
Through the purchase of educational bonds, students can receive Pai to be used as credit hours with any educator in our network. Additionally, students can using staking rewards from OX or OM as a method to fund their own education. Institutions will also compete among themselves to sponsor students, offering staking rewards to pay for certification, in exchange for future employment.
Smart contracts will control agreements between students, educators and employers. These contracts will be used to release funding to either the student or the educator, based on certain performance criteria. Sponsors can provide the entirety of the funding in Pai, upfront (providing security for the students and institutions) but only release the funding when certain criteria are met. This process can also happen automatically without the need for any intermediaries, vastly decreasing the bureaucracy required to manage such a system.