🧑‍🏫 Competitor Analysis

Several tokens related to education were released, but none of them were successful. But why is that?

• There is no proper use case for these tokens. Most of these platforms attempted to use their tokens as a payment method, which makes no sense.

• They were unable to develop an incentive model for students.

• They concentrated on Web3 content, which has no presence in the massive education market.

  Following the failure of Education tokens, the Learn-to-Earn model was developed by Binance Exchange and Coinmarketcap. Although there is an earning mechanism in this model, Learn-to-Earn is primarily used for public relations and only focuses on Web3 content. In short, the Learn-to-Earn model, which provides Web2-based Web3 content, cannot be considered a direct competitor to Edu3Labs.

	Edu3Labs	Other Education Tokens	Learn to Earn Model
Token Use Case and Sustainable Economy	+
Ownership	+
Earning Mechanism	+		+
Web3 Content	+	+	+
Other Content	+

Besides, if we compare Edu3Labs's C-Learning model with Web2 E-Learning;

• Students are owners at C-Learning, not customers.

• Students at C-Learning do not pay for classes.

• Students who perform well in C-Learning can earn money.

• C-Learning's user base includes both students and cryptocurrency investors. An investor who does not want to learn or does not have the time but believes in Edu3Labs's future can purchase and stake NFE tokens. That translates to a much larger user base.

• C-Learning has a much higher potential in terms of spending per user than E-Learning. While an E-Learning student spends an average of USD 200 per year, a crypto investor can enter the system with a one-million- dollar investment.

• The cost of acquiring C-Learning users is much lower than that of E-Learning. While the average cost of student acquisition is 25 USD, the acquisition cost of crypto investors is around 2 USD and goes nearly to zero dollars after a successful launch in major exchanges.