DOUBLE TOP Research: Forward Protocol

Disclaimer:

Early investment is always high-risk, and there is no guarantee that many of you will be able to get into a Private-Sale or become early supporters. But the lucky beggars who manage to put their money into a genuinely top project will receive a blissful «X» and multiply their balance.Do your own analysis before listening to someone else's opinion and invest wisely.DOUBLE TOP Research analytics is, first of all, a subjective opinion, which, although based on an analysis of indicative factors, is not direct investment advice.

About:

Links:

Forward Protocol is a Polygon-based learning protocol designed for the education sector where any platform can use the Forward’s ready-to-deploy applications and customizable smart contracts to deploy their platform without coding. Their vision is to develop a model like “WordPress” for the edtech sector.

Down the track, it is planned to be deployed to Forward Chain, based on Cosmos SDK, ensuring the platform will be able to work on multi-chains.In applications deployed using Forward Protocol, all purchases, participation in online courses, evaluations, grading, etc., will be on-chain and automated through smart contracts and platform algorithms.

In the deployed applications, students can select experts on their own anywhere in the world, taking into account their grades and feedback given for their teaching skills. The project employs an ‘earn as you learn’ model that works by rewarding excellence, motivating learners to finish their courses and learn new skills or knowledge, while earning tokens.

Forward Protocol will also provide licensing and storage services for intellectual property and user-generated content in NFT format. Various faculties and research programs will have the opportunity to raise funding through the platform.

Token:

The $FORWARD token will be distributed as a reward for completed tasks, courses, other quality contributions and milestones for both learners and experts.

The longer a user holds $FORWARD, the lower his commission is. Also, one can stake $FORWARD and participate in the governance.

Payment for courses and more liquid platform services will be made in the native stablecoin $FUSD.

Examples of Initiatives: A course that costs $500 + $100 incentive can be sold for $600. A student pays $600 for the course but is refunded $ 100 upon completion of the curriculum. This is an encouragement and incentive to complete the course.

Another example: an expert offers a $500 course with an incentive of $4,500. The student pays $5,000 for the course and gets $4,500 back immediately upon completion.

Architecture:

It features 5 core smart contracts:

  1. Proof of Value-Delivered (PoVD): according to this smart contract, you do a task and get a reward (like money) for completing it.
  2. Proof of Value (PoV): used to reward content creators for recognizing their time and effort. The reward can be based on helpful user activity, answers to questions, tutorials, etc.
  3. Distributed Reward and Revenue Sharing (DRRS): can be used to create a long-term passive income based on someone’s contribution in the community. So it can incentivize all mentors and teachers who helped someone find a job. A % of the salary or job income will be distributed to all experts who helped a learner achieve their goals.
  4. Proof of Ownership (PoO): NFTzation of scientific papers, diplomas certification, courses etc.
  5. Initial Knowledge Offering (IKO): is a fundraising model for course creation. It provides security to both course creators and students that there are enough funds to create a course and that the course will meet the qualitative standards of those buying it.

Forward Ecosystem also provides: 

  • Forward ID: (similar to Facebook and Google's IDs) enables automatic connection to websites and services, and can be used to replace the KYC process and identity verification.
  • Forward Pay: a digital wallet connected with a user's Forward ID. It allows users to store, manage, exchange and trade their assets.

Potential players that could integrate Forward Protocol:

Team:

The team includes 35+ people and representatives from FinTech, Marketing, Media, Blockchain development and Education. Several team members have been working together since 2018Co-Founder, Mitch Rankin, in 2018 became the CEO of English Forward, which was established in 2002.

English Forward is a popular English learning platform that has provided services to a total of 310+ million visitors over 19 years.

English Forward is getting a major upgrade by becoming the first integration of Forward Protocol.

  • Co-Founder Karnika E. Yashwant (aka Mr. KEY) is an entrepreneur and  token sale expert, who has successfully run one of the top blockchain marketing agencies since 2013, KEY Difference Media.
  • The project has a Performance Coach & Organizational Psychologist, Zoe Fragou.
  • Hargobind Gupta (Senior Blockchain Architect) also works in similar positions in other working projects, such as YFDAI Finance. His work experience inspires confidence, but at the same time, he is pretty busy with projects.

Tokenomics:

The list of advisors includes representatives of FinTech, MahaDAO, the telecommunications company Intellibuzz and WOM Protocol marketing project, whose clients are Adidas, KuCoin, Bithumb and others.

The fundraising is quite conservative, given that we are practically talking about off-the-shelf products. The price for public sale participants will be almost the same as for participants in a private sale.

  • Unlocks at the TGE stage do not exceed the norm.
  • A potential improvement would be to prolong the locks for advisors and vice versa and prolong the unlock of tokens for public sale participants.
  • The allocation of advisors is greater than that of the Seed-round investors, and the terms of the cliff are almost identical, although they do not have an unlock on the TGE.

Investors and Partners:

The project partners are many and diverse which will gain them a lot of support. They also have partners like Polygon, Mahadao and others like: 

  • Oxford University
  • Cambridge University
  • Singularity University
  • Unilend
  • Blockchain Foundry
  • EthBox
  • Reef

Bancor and Skale are also among them. These infrastructure projects will help the Forward Protocol network to operate while media partners will promote it.

Forward Protocol is backed by some of the primary crypto and blockchain investors such as AU21, X21, Magnus Capital, ZBS capital, MarketAcross and DarkPool Ventures.

Roadmap:

In 2021, there will be essential MVPs, such as the launch of the platform, governance, 3/5 core smart contracts - ‘Proof of Value’, ‘Proof of Value - Delivered’’ and ‘Initial Knowledge Offering’ - and the implementation in English Forward.

Later they are expected to work on the remaining 2 core smart contracts - ‘Distributed Reward and Revenue Sharing (DRRS)’ and ‘Proof of Ownership (PoO)’  and other platform services, as well as the technical implementation of bridges and new partnerships.

Conclusions:

Forward Protocol is a project that has been developed since 2018 and already has an agreement to deploy on the existing EnglishForward platform with millions of users. It's good news that we will see the critical implementation points before the end of the year rather than another project with the sale performed in 2021, but implementation somewhere at the end of 2023.

The project has fundamental advantages in the form of an already developed user base, support from the Polygon, Reef and MahaDAO ecosystem, a well-trained team and high-quality infrastructure partners.

Multiple useful functionalities, described at the beginning of the research, will only gain popularity if it is easy to use and users are interested in it. Taking into account the experience of their competitors, we can state that e-learning is not the most popular field in the crypto world. It should also be admitted that the Forward Protocol concept is quite interesting and can grow massively as learning and education is a huge industry and opportunity.

When implementing a product, it is crucial to focus on the usefulness of the token and material benefits for $FORWARD holders, as well as on creating convenient APIs for working with smart contracts. Smart contracts, which will allow users and teachers to interact on the platform, can potentially change the traditional concepts of distance learning.

Suppose the protocol manages to aggregate all popular services, simplify access to functionality and use of crypto. In that case, we will create an excellent alternative and a technology platform for many existing centralized resources providing courses and certificates, and this would imply that the $FORWARD token would have a big demand and set the DeEd trend.

DOUBLE TOP | Website | YouTube | Chat | Services

DOUBLE TOP Research: Forward Protocol

Disclaimer:

Early investment is always high-risk, and there is no guarantee that many of you will be able to get into a Private-Sale or become early supporters. But the lucky beggars who manage to put their money into a genuinely top project will receive a blissful «X» and multiply their balance.Do your own analysis before listening to someone else's opinion and invest wisely.DOUBLE TOP Research analytics is, first of all, a subjective opinion, which, although based on an analysis of indicative factors, is not direct investment advice.

About:

Links:

Forward Protocol is a Polygon-based learning protocol designed for the education sector where any platform can use the Forward’s ready-to-deploy applications and customizable smart contracts to deploy their platform without coding. Their vision is to develop a model like “WordPress” for the edtech sector.

Down the track, it is planned to be deployed to Forward Chain, based on Cosmos SDK, ensuring the platform will be able to work on multi-chains.In applications deployed using Forward Protocol, all purchases, participation in online courses, evaluations, grading, etc., will be on-chain and automated through smart contracts and platform algorithms.

In the deployed applications, students can select experts on their own anywhere in the world, taking into account their grades and feedback given for their teaching skills. The project employs an ‘earn as you learn’ model that works by rewarding excellence, motivating learners to finish their courses and learn new skills or knowledge, while earning tokens.

Forward Protocol will also provide licensing and storage services for intellectual property and user-generated content in NFT format. Various faculties and research programs will have the opportunity to raise funding through the platform.

Token:

The $FORWARD token will be distributed as a reward for completed tasks, courses, other quality contributions and milestones for both learners and experts.

The longer a user holds $FORWARD, the lower his commission is. Also, one can stake $FORWARD and participate in the governance.

Payment for courses and more liquid platform services will be made in the native stablecoin $FUSD.

Examples of Initiatives: A course that costs $500 + $100 incentive can be sold for $600. A student pays $600 for the course but is refunded $ 100 upon completion of the curriculum. This is an encouragement and incentive to complete the course.

Another example: an expert offers a $500 course with an incentive of $4,500. The student pays $5,000 for the course and gets $4,500 back immediately upon completion.

Architecture:

It features 5 core smart contracts:

  1. Proof of Value-Delivered (PoVD): according to this smart contract, you do a task and get a reward (like money) for completing it.
  2. Proof of Value (PoV): used to reward content creators for recognizing their time and effort. The reward can be based on helpful user activity, answers to questions, tutorials, etc.
  3. Distributed Reward and Revenue Sharing (DRRS): can be used to create a long-term passive income based on someone’s contribution in the community. So it can incentivize all mentors and teachers who helped someone find a job. A % of the salary or job income will be distributed to all experts who helped a learner achieve their goals.
  4. Proof of Ownership (PoO): NFTzation of scientific papers, diplomas certification, courses etc.
  5. Initial Knowledge Offering (IKO): is a fundraising model for course creation. It provides security to both course creators and students that there are enough funds to create a course and that the course will meet the qualitative standards of those buying it.

Forward Ecosystem also provides: 

  • Forward ID: (similar to Facebook and Google's IDs) enables automatic connection to websites and services, and can be used to replace the KYC process and identity verification.
  • Forward Pay: a digital wallet connected with a user's Forward ID. It allows users to store, manage, exchange and trade their assets.

Potential players that could integrate Forward Protocol:

Team:

The team includes 35+ people and representatives from FinTech, Marketing, Media, Blockchain development and Education. Several team members have been working together since 2018Co-Founder, Mitch Rankin, in 2018 became the CEO of English Forward, which was established in 2002.

English Forward is a popular English learning platform that has provided services to a total of 310+ million visitors over 19 years.

English Forward is getting a major upgrade by becoming the first integration of Forward Protocol.

  • Co-Founder Karnika E. Yashwant (aka Mr. KEY) is an entrepreneur and  token sale expert, who has successfully run one of the top blockchain marketing agencies since 2013, KEY Difference Media.
  • The project has a Performance Coach & Organizational Psychologist, Zoe Fragou.
  • Hargobind Gupta (Senior Blockchain Architect) also works in similar positions in other working projects, such as YFDAI Finance. His work experience inspires confidence, but at the same time, he is pretty busy with projects.

Tokenomics:

The list of advisors includes representatives of FinTech, MahaDAO, the telecommunications company Intellibuzz and WOM Protocol marketing project, whose clients are Adidas, KuCoin, Bithumb and others.

The fundraising is quite conservative, given that we are practically talking about off-the-shelf products. The price for public sale participants will be almost the same as for participants in a private sale.

  • Unlocks at the TGE stage do not exceed the norm.
  • A potential improvement would be to prolong the locks for advisors and vice versa and prolong the unlock of tokens for public sale participants.
  • The allocation of advisors is greater than that of the Seed-round investors, and the terms of the cliff are almost identical, although they do not have an unlock on the TGE.

Investors and Partners:

The project partners are many and diverse which will gain them a lot of support. They also have partners like Polygon, Mahadao and others like: 

  • Oxford University
  • Cambridge University
  • Singularity University
  • Unilend
  • Blockchain Foundry
  • EthBox
  • Reef

Bancor and Skale are also among them. These infrastructure projects will help the Forward Protocol network to operate while media partners will promote it.

Forward Protocol is backed by some of the primary crypto and blockchain investors such as AU21, X21, Magnus Capital, ZBS capital, MarketAcross and DarkPool Ventures.

Roadmap:

In 2021, there will be essential MVPs, such as the launch of the platform, governance, 3/5 core smart contracts - ‘Proof of Value’, ‘Proof of Value - Delivered’’ and ‘Initial Knowledge Offering’ - and the implementation in English Forward.

Later they are expected to work on the remaining 2 core smart contracts - ‘Distributed Reward and Revenue Sharing (DRRS)’ and ‘Proof of Ownership (PoO)’  and other platform services, as well as the technical implementation of bridges and new partnerships.

Conclusions:

Forward Protocol is a project that has been developed since 2018 and already has an agreement to deploy on the existing EnglishForward platform with millions of users. It's good news that we will see the critical implementation points before the end of the year rather than another project with the sale performed in 2021, but implementation somewhere at the end of 2023.

The project has fundamental advantages in the form of an already developed user base, support from the Polygon, Reef and MahaDAO ecosystem, a well-trained team and high-quality infrastructure partners.

Multiple useful functionalities, described at the beginning of the research, will only gain popularity if it is easy to use and users are interested in it. Taking into account the experience of their competitors, we can state that e-learning is not the most popular field in the crypto world. It should also be admitted that the Forward Protocol concept is quite interesting and can grow massively as learning and education is a huge industry and opportunity.

When implementing a product, it is crucial to focus on the usefulness of the token and material benefits for $FORWARD holders, as well as on creating convenient APIs for working with smart contracts. Smart contracts, which will allow users and teachers to interact on the platform, can potentially change the traditional concepts of distance learning.

Suppose the protocol manages to aggregate all popular services, simplify access to functionality and use of crypto. In that case, we will create an excellent alternative and a technology platform for many existing centralized resources providing courses and certificates, and this would imply that the $FORWARD token would have a big demand and set the DeEd trend.

DOUBLE TOP | Website | YouTube | Chat | Services