Official account of Student Coin (2018-2024). Empowered students globally through blockchain education and innovation. Project closed with token redemption
Joined August 2020
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Dear Student Coin Community,
As we approach the final phase of the Student Coin project, we want to express our gratitude for your continued support throughout this incredible journey. In one week, on October 9th, Student Coin will be officially closed, marking the end of our shared experience.
We are deeply thankful for the kind words and warm messages we have received during this time, and we greatly appreciate your understanding, along with your participation in the fair redemption process for your $STC tokens.
None of this would have been possible without each of you – whether you were a product user, developer, token holder, or an active member of our Telegram community. We are immensely grateful for the opportunity to grow, innovate, and work alongside such a committed group.
Final Reminders
After October 9th, the Student Coin Team will cease to operate, and we will close all remaining projects, systems, and servers. These have been maintained over the past six months to allow you to claim USDC for $STC tokens with our full support. We are proud to report that 93.7% of $STC tokens have already been burned (address: 0x00...dEaD), with almost all users successfully claiming their USDC.
STC Wallet Users
Please remember that all $STC tokens held in STC Wallets will be burned on October 9th, and all user data will be permanently erased. After this date, we will no longer provide support or address any issues, as our Support platform will also be closed. If you have not yet completed the redemption process, we encourage you to do so without delay.
On-Chain Users
While the STC Wallet-based redemption will no longer be available after October 9th, the decentralized on-chain redemption option will remain open until April 9, 2029. Users with $STC held in MetaMask, Ledger, or other DeFi wallets can manually burn their tokens to receive USDC directly to their wallets.
Exchange-Based Users
For those who have $STC tokens on centralized exchanges, please check your wallets and withdraw your tokens. As we do not have control over tokens held on external platforms, it is important that you follow the on-chain redemption process to claim your USDC.
For comprehensive information and instructions, please visit studentcoin.org.
Final Words
This will be our last official communication from the Student Coin Team. We are incredibly proud of all that we have achieved together.
Thank you once again for your trust, loyalty, and belief in Student Coin. We wish you all the best in your future endeavors.
Warm regards,
The Student Coin Team
Dear Student Coin Community,
After a detailed analysis and careful consideration of our situation, resources, and opportunities, we have reached the hard decision to discontinue the Student Coin project and use all of the remaining resources to repurchase all $STC Tokens. This decision, although difficult, is made with the highest responsibility towards our community.
We have resolved to initiate the process of closing the Student Coin and redeeming all $STC Tokens. Our priority is a transparent and fair repurchase strategy for all token holders. The $STC Token Redemption plan will be calculated on an individual basis, taking into account the varied ways tokens were acquired, such as purchase prices, airdrops, and bonuses, to ensure fairness and equality.
$STC Token Redemption will be conducted at a Price Above Market Value: In recognition of your support, the repurchase price will be significantly higher than the current market rate.
Funds Allocation for Token Redemption: We are dedicating all of our current funds, intended for project development, to the token redemption process. This constitutes 91.5% of our project's total historical funding, ensuring a fair and complete redemption for all token holders.
Immediate Token Burn: All tokens currently held by the Student Coin treasury will be immediately burned, with no redemption value. This action exceeds our initial promise and improves the value proposition for our community.
We are profoundly thankful for your support during this journey and are committed to ensuring a seamless transition. We encourage you to review the detailed information about our history, reasons, and procedures that will be helpful throughout the process.
We invite you to read the full announcement here: studentcoin.org.
Thank you for your trust and support.
Kind regards,
The Student Coin Team
Dear Student Coin Community,
As we approach the final chapter of our journey with Student Coin, we want to remind you that the second and last phase of STC Wallet redemptions will close in one week.
The final deadline for redemption is October 9, 2024.
This reminder is specifically for STC Wallet users who have not redeemed their tokens in the past six months. Please note that some redemption options are no longer available, and the process may differ from earlier phases.
If you still have any remaining holdings in your STC Wallet, we strongly encourage you to complete the withdrawal process as soon as possible. You can do so by following the steps at app.studentcoin.org.
After October 9, 2024, the opportunity to redeem your tokens will no longer be available. Any remaining holdings will be burned, and user data will be erased in accordance with our announcement and procedures at studentcoin.org.
We are deeply grateful for your support throughout this journey and are committed to ensuring a smooth redemption process in these final 7 days. We encourage you to review the detailed information about our history and the steps that will guide you through the entire process.
Please note:
- This final deadline applies only to users with tokens held in the STC Wallet.
- If you hold your $STC on-chain, in Metamask or another DeFi wallet, you can manually burn your tokens until April 9, 2029, by following the instructions at studentcoin.org.
Thank you once again for being a part of the Student Coin community. If you have any questions, please check the announcement and FAQ on our website.
Warm regards,
The Student Coin Team
We are immensely grateful for the overwhelming support we've received throughout the $STC Token redemption process. Over 80% of our community members have successfully claimed their USDC for $STC, and all project tokens have already been burned.
Over 87.5% of $STC tokens are permanently locked at the 0x0000....dEaD address. We have also deactivated most of our products and delisted the token from centralized exchanges.
Over the past five years, we have had a great journey together. Our community supported us during highs and lows and provided valuable feedback in our Telegram groups. Student Coin published multiple products and updated the whitepaper twice to extend the roadmap. After an in-depth analysis at the beginning of the year, we decided to devote all remaining project funds to buy back 100% of the circulating supply instead of continuing further development.
The closure of Student Coin is a difficult moment for us. We did not anticipate the enormous support and gratitude we received from you during this challenging period. Your expressions of appreciation have been a huge source of strength for our team, confirming the positive impact of our efforts. We are very happy that the decision to purchase 100% of tokens from the community was received so positively by you.
We have selected some of your reactions to the STC Redemption process and we invite you to read them below. 🧵
Student Coin is currently conducting the $STC Token redemption process to purchase 100% of the tokens from the circulating supply, with prices ranging between $0.006 to $0.0137 depending on the token's history.
If you have not yet completed the redemption process, in cooperation with @Coinpapercom, we have prepared an article that guides you through the entire process step-by-step 👣 coinpaper.com/4154/how-to-re….
How to Redeem $STC?
1️⃣ $STC held in the STC Wallet
The initial 2-month deadline for redemptions has passed. However, if you have not yet completed the redemption process on the STC Wallet, you will need to contact us. Please visit studentcoin.org for the full procedure to redeem $STC post-deadline.
2️⃣ $STC held on-chain in DeFi wallets (Metamask, Coinbase Wallet, Trust Wallet, etc.)
Please refer to the On-Chain Burn Procedure at studentcoin.org. Send your $STC to the burn address manually to receive USDC accordingly.
3️⃣ $STC held on centralized exchanges (KuCoin, ProBit, HitBTC, etc.)
The deadline to sell your $STC to market liquidity has passed. Please withdraw your $STC from the exchange to an on-chain wallet and proceed with the on-chain redemption process.
🔔 Reminder:
🗓 June 9, 2024: Deadline for automatic STC Wallet Redemption
🗓 June 2024: Deadline for redemption using centralized exchanges
🗓October 9, 2024: Deadline for manual STC Wallet Redemption via Contact Us Request (up to 3 months to complete withdrawal of USDC)
🗓 April 9, 2029: Final 5-year deadline for on-chain redemption
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STC Token Delisting Schedule 📆
As part of our plan to repurchase 100% of the supply in circulation, we are coordinating the delisting of the STC token from various exchanges. Please read this announcement to ensure that your tokens will be redeemed properly and proceed with it until the dates below.
We invite you to read the full STC token redemption announcement at studentcoin.org.
⏳ Delisting Timeline:
Starting from May 30th to June 15th, STC tokens will be delisted from the following exchanges:
- KuCoin
- ProBit Global
- HitBTC
- All remaining centralized exchanges.
Trading on all STC pairs will be suspended during this timeframe.
⬇ Important Actions for Users:
- Please ensure that you sell your STC tokens on the available trading pairs or withdraw them to your DeFi wallets.
- Post-trading, tokens may still be withdrawn for up to six months, depending on the exchange’s policies.
🗓 What happens after delisting?
Suppose you have not managed to sell your STC tokens on the above exchanges within the deadline. In that case, you can withdraw your tokens from an exchange and sell them on-chain, but this process is managed and determined by each exchange (we no longer have any influence on it).
We don’t control the tokens held by our community at centralized exchanges; therefore, for any inquiries, please contact the exchanges directly. We strongly recommend withdrawing your tokens promptly ⏳.
🔗 What about on-chain?
On-chain liquidity will remain unaffected, and tokens can continue to be exchanged through on-chain platforms.
We appreciate your commitment and support in the redemption process, making everything run smoothly and quickly. Thank you!
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🔥Burn update!
The STC Redemption process is ongoing, and we’ve successfully burned 8,285,894,017 STC tokens, which is equal to 82,86% of the $STC total supply.
🏦 Importantly, 100% of the tokens held by the project have already been burned.
👀 For real-time tracking of token burn activity, check out this address: etherscan.io/token/0x15b543e…
👉 We will make further announcements about the number of $STC burned in June and October.
The redemption process is going very smoothly, and we are extremely grateful to the entire community for their commitment, support, and many warm messages that we receive from your side. This means a lot to us. Thank you!
🚨Timeline for $STC Token Redemption🚨
Specific redemption methods are time-limited due to security reasons and to maintain support and technical teams.
📅 Here's the Timeline:
For STC Wallet Users:
June 9, 2024 (2 months from the announcement): Deadline for redeeming tokens within the STC Wallet.
October 9, 2024 (6 months from the announcement): Deadline for redeeming tokens via Redemption Request.
For Users Holding STC Outside the STC Wallet:
October 9, 2024 (6 months from the announcement): Deadline for selling tokens at any centralized exchange such as KuCoin.
April 9, 2029 (5 years from the announcement): Deadline for selling tokens at Uniswap V3.
Tokens within the STC Wallet will be auto-burned, while funds for redemption will boost liquidity & pricing.
🚨Attention #StudentCoin Community 🚨
We've noticed an increase in scam comments following our recent announcement. These comments often come from various accounts, offering "help" and include contact details like @Feedback_HQ, @cyber_safezone, [email protected], [email protected], among others.
Please be cautious: the ONLY official X/Twitter account of Student Coin is right here.
For live communication, join our Telegram chat: t.me/studentcoin. Remember, our team members will NEVER DM you first.
For accurate information and updates, visit our official website: studentcoin.org
Always use the official channels confirmed by us on our official website. Stay safe and informed!