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$Get Smart: Tokenize Student debt
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Total Tokenholders Student Debt
Student Debt
how can Staking erase my student Debt?
WITH THE STUDENT FREEDOM FUND
“Buy Debt Cheap” – 100% rewards from staking are used to purchase (anonymous) discounted student loan debt.
“Reward our Users” – If we buy your debt you will receive cancellation based on the $GETS CANCELLED ratio (1 GETS = $100 of student debt).
“Pay it Forward” – Other debt holders must donate to get tokens, then stake 10% of their debt into the staking pool to receive debt cancellation.
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. @GetsToken #cancelstudentdebt
Our Goal
$1 trillion student debt tokenized by 2033
HOW TO GET $GETS?
Donate, Fund Projects, Trade with $POL (Polygon), Create or Earn Digital Scholarships, Stake to Erase Student Debt, or just HODL.
Your Debt Could be erased by Staking a few $GETS
Limited Supply: 1000 tokens are minted when a new badge is earned. Total supply: 1 trillion
frequently asked questions
Donate to your favorite scholarship or HODL and support the education revolution!
Right now, you will get 100 tokens when you donate $10 USD, Polygon-compatible cryptocurrencies or stable coins to any verified project.
Upon donation to GetSmart, you will receive tokens of no cash value, but these utility tokens can change a child’s life, support your favorite athlete or club, fund a million informal teachers in Africa, pay for your kids’ college, support everyday heroes and pay down your student debt.
Life is about chances, and the winners take them. By donating your time or money or making a badge project, you will have changed the world and taken a chance on the unknown winners around the world.
GetSmart Token ($GETS) is a ERC1155 ‘multiutility token’ built on the Polygon blockchain. $GETS will fund education for the underprivileged, educate people about DeFi, and erase student debt for distressed borrowers at the same time. $GETS are not an investment and token holders agree that any staking rewards be used for the nonprofit to use for experimental public charitable purposes listed on this website and in the governance documents.
Buying or staking tokens does not guarantee any of your own student debt will be paid. If the volume and value of $GETS increases, then more staking rewards are available to purchase student debt.
Since $GETS fuels the Web3 badges system, the more people who create GETS badges and sponsor education, the more the token might increase in value. If you buy $GETS, do not stake, and the value increases or decreases, you can swap them for other Ethereum-compatible tokens.
No worries! We provide Sponsors with their first 10 tokens and pay for all user transactions. All you need is an email address and the will to achieve. Click here to Sponsor or Earn Now
RULE 1 – HODL. If you want to trade $GETS tokens for other crypto you’ll need to wait until the $GETS public release in late 2025.
If you don’t want to use crypto but need student debt relief, fill out your FAFCSA at https://fafcsa.org
The days of Elizabeth Warren spouting Joe Biden “wiping out student debt with the stroke of a pen” were overthrown by the supreme court, and now that Trump has returned, noone should expect their debt to be forgiven.
Not only in the USA but everywhere one thing is certain:
CANCELLING ALL STUDENT DEBT IS WISHFUL THINKING – any accountant will tell you that the money has to come from somewhere.
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.
Under the current law, we have to buy bulk debt anonymously. Our negotiators are independent experts who will get the best deal possible, and they will not discriminate by any other factor than the highest amount of student debt for the lowest price. This method naturally prioritizes those in distress and from underprivileged communities. People who don’t have tokens at time of purchase will need to pass a free of charge crypto-finance course to get their relief.
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 501c3 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 or beneficiaries and 20% to the GetSmartToken community for any use outlined in the policies.
20% of our tokens are staked in the Community Treasure showing a commitment of our earnings to erase student debt.
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 DFAC except for intentional tort claims. GetSmart Token and 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.