Fourth graders in Canadian elementary colleges are utilizing Banano ($BAN) to transact within the classroom.
Banano claims to be a “feeless, immediate, wealthy in potassium cryptocurrency powered by DAG Expertise.”
How does it work?
Academics give out BAN to incentivize good conduct within the school rooms reminiscent of staying centered and quiet within the classroom. In addition they work with the custodian, who awards BAN based mostly on which teams are conserving their classroom areas clear. The scholars can redeem their BAN tokens when the instructor opens his “Banano Retailer” each Friday. The shop affords meals objects like pizza and sweet, and in addition affords privileges reminiscent of Chromebook time and additional recess. College students even have the choice to contribute to the category pool, which could be drawn from to buy issues like film days for your entire class.
An incentive program like this teaches beneficial classes in monetary literacy, such because the ideas of incomes, spending, and saving. Battle decision expertise are additionally taught by the requirement of 100% consensus on purchases. Academics estimate that they make about 15-20 transactions per day. A good thing about utilizing BAN is that the transactions are immediate and there aren’t any charges, so everybody within the class is aware of what their group’s account values stand. Moreover, as a result of nature of digital currencies, the scholars don’t have to fret about dropping monitor of bodily tokens.
What’s Banano?
Banano is a fork of NANO that occurred on April 1, 2018. Whereas the undertaking began as a joke between a bunch of NANO contributors, the undertaking has advanced into one thing much more subtle than initially meant. With a user-friendly cellular app, quick transaction instances, and nil charges, Banano goals to offer a easy and enjoyable ecosystem for people who find themselves new to cryptocurrency.
Enjoyable Info about Banano
1) The Banano Miner, which is one in all two methods to mine BAN, makes use of your computing energy for protein folding simulations that assist researchers struggle genetic illnesses and pays out Banano based mostly in your computational contribution.
2) Each Banano pockets public key has an related MonKey, it is a visible illustration of your public key.
Supply: Banano’s whitepaper
Present information through CoinGecko:
Price: $0.0007 USD
Market Cap: $680,000
24hr Buying and selling Quantity: $19,500
Exchanges BAN is listed on
To conclude, Banano looks like a simple to make use of cryptocurrency for early adopters.
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