Student Freedom Fund
- Home
- Tokens
$Get Smart: Tokenize Student debt
Become $GETS Token, Early Adopter
Signed on to Whitelist
Total Tokenholders Student Debt
Our Goal
$1 trillion student debt tokenized by 2033
Start with Crypto
Sponsor and Earn
In Debt or Default
join the movement
Advisor Jedi
A-Team
token distribution: 80% $GETS Market, 20% management & Liquidity
frequently asked questions
You mean Joe Biden “wiping out student debt with the stroke of a pen”?
CANCELLING STUDENT DEBT IS WISHFUL THINKING – any accountant will tell you that the money has to come from somewhere.
And some people want to “demand” debt relief in the trillions from taxpayers who don’t benefit and a government that:
- Ensured millions of student loan defaults could never apply for bankruptcy
- Ensured debt servicing agencies could make billions in profit off the suffering of borrowers
- Has to already deal with priorities like housing, medicare, early childhood education, infrastructure, etc.
Why don’t we quit demanding the President to put America in further control to foreign creditors and instead use the 3 trillion dollar opportunity of crypto to negotiate down our own debt? We can create 1 trillion new dollars in the new education economy and fund the entire education of the next generation without asking taxpayers to pay for our voluntary loans. But we need to do it together through collective tokenized bargaining.
It works like this:
1 Trillion total supply = 1 billion scholarships.
1000 tokens become “minted” or available for distribution for each badge awarded and claimed. That means people can donate and receive tokens, which can be used for badges or traded or held in custody.
Thus, when 1 billion scholarships are accomplished, 1 trillion tokens are in circulation – and backed up by the sustainable charity’s large “community chest” surplus.
As the badges are personal remembrances of success, all the tokens connected to those achievements become collectible items.
And for each 100 billion tokens minted, the badge creation fee drops by 10%, thus when all tokens are minted the badge-making process becomes free of charge.
The first 20 million tokens are at the disposal of the Digital Financial Aid Corporation, a US501c3 nonprofit. For every 1000 tokens minted, 80% are available for use by our donors and 20% to the GetSmartToken community for any use outlined in the policies.
10 million of the first tokens are staked in the Community Treasure showing a commitment to up to 50% of our earnings to be used to erase student debt.
Sign up as an early adopter here: http://get-smart.net/contact
Student Debt
Student Debt Freedom
Student Debt in the United States
- $1.6 Trillion, 7.8% GDP and growing
- 1 million people in default each year
- 46 million Americans or 1/6 in debt
- Average debt $38,000
- Less than 30% pay off debt after 12 years
- 5 million new borrowers each year
Collective Tokenized Bargaining
Every $GETS Token holder can “stake” any number of tokens into the Student Freedom Fund, and the tokens are invested into crypto DeFi markets by experts. Any “yield” or staking rewards made are exchanged for $USD and then used to negotiate, buy, and erase student debt.
After one year, donors can remove their tokens or continue to stake. This empowers donors to have:
- 1) ownership with transparency rather than a blind donation that requires no accountability about use of funds, and
- 2) a mechanism where digital asset donations can be reused or repurposed for other debt relief programs.
If we buy your student debt and you are not yet a tokenholder, you will have to pass a free crypto-finance course and learn to buy, stake, and trade cryptocurrencies before we abolish your debt. This is how beneficiaries can both learn about finance with digital currency while “paying it forward” for others in student loan distress.
Case Example: 9,488 people, $13M debt = bought for $1
imagine what we could do with 1 bitcoin!
An investment in knowledge pays the best interest.
Steps
$GETS roadmap
NFT awards worth $GETS
sponsors create, students earn
Legal Disclaimer
By using this site, you are agreeing to our terms of service. Importantly, you also confirm the lack of any fiduciary relationship with Digital Financial Aid Corporation or related sites, and that you hereby waive all claims against EdDAO except for intentional tort claims. GetSmart Token and NFT Achievement Badges are KYC, GDPR compliant and tax-deductible. Buying or owning tokens is not an investment and staking tokens is solely for experimentation. Any offensive images or titles can be rejected any time without notice. Please see full terms & conditions here.