Meet Turkey’s ‘sudden winners’ of Uniswap’s UNI giveaway

College students enrolled within the class “Introduction to Cryptocurrencies” at Turkey’s Kadir Has College have been the sudden winners of Uniswap’s UNI token distribution on Sept. 17. İsmail Hakkı Polat, one in all two lecturers of the category, instructed Cointelegraph Turkey that every one college students who, as a part of a category challenge, participated in itemizing and swapping a token on Uniswap received 400 UNI. In Turkey’s native foreign money, it was valued at roughly 12,000 liras, or round $1,570, which accounts for practically half the yearly schooling payment for some college students.

Taught by Polat and Tansel Kaya, two well-known names in Turkey’s cryptocurrency and blockchain ecosystem, Introduction to Cryptocurrencies has for the final two years been included as a obligatory course for college kids learning new media at Kadir Has College. Polat defined that there are additionally engineering, regulation, administration info techniques — or MIS — and enterprise administration college students who take it as an elective course.

Token hunt on the academy

In response to a tweet by Kaya, as a part of the course taught in fall 2019, an ERC-20 token referred to as KHAS was issued to permit college students to immediately expertise token trading. The scholars created a MetaMask pockets to buy the token, which was listed on decentralized change Uniswap.

One of many attainable use instances recognized for KHAS was as a voting app for scholar president elections. Nonetheless, as a result of coronavirus pandemic within the spring, the research have been interrupted halfway. The incident that reminded the course’s lecturers and college students of KHAS was the Uniswap’s token distribution, throughout which hundreds of pockets homeowners acquired 400 UNI. Polat said that the category designed a real-world use case for the KHAS token, which was developed as a part of the course. Noting that they gathered enter from college students on this matter, Polat mentioned:

“We acquired concepts akin to the college’s park, cafeteria, scholar president elections and the merchandise retailer. We put one in all these use instances into observe in every week and offered it to the category in a quiz format.”

College students of the “Crypto 101” course discovered how the KHAS tokens can serve eight use instances devised by the group. The lecturers arrange a QR code for the college’s merchandise retailer to obtain funds through KHAS, however they didn’t clarify which campus retailer accepted the token. As a substitute, they created a “token hunt” sport, the place the primary scholar to transact through KHAS tokens could be the winner and obtain two extra factors on their grade.

400 UNI, however no fuel?

The winner of the token hunt was Barış Öztürk, a third-year MIS scholar who selected to take the category resulting from his curiosity in cryptocurrencies and blockchain. Calling Crypto 101 “the perfect class he ever took,” Öztürk elaborated to Cointelegraph that he usually will get bored throughout lectures, “However in Introduction to Cryptocurrencies, I by no means skipped a lesson. I even attended after-class discussions with lecturers.”

All the college students who attended the Introduction to Cryptocurrencies course in fall 2019 and transacted with KHAS tokens on Uniswap awakened on Sept. 17 with 400 UNI of their Ethereum wallets, because of Uniswap’s distribution of its tokens.

Öztürk claimed his 400 UNI tokens with the assistance of Kaya. As a result of he emptied all of the Ether (ETH) in his pockets instantly after the challenge was accomplished final 12 months, his MetaMask pockets was left unable to pay for the fuel wanted for the token switch. Kaya despatched him about $75 value of ETH to pay the fuel payment and guided him via the UNI reward declare steps.

After seven hours of nervous ready in entrance of the pc display resulting from congestion on the Ethereum community because of a “UNI reward declare rush,” Barış was capable of get his 400 UNI and commerce them for fiat. “I by no means imagined I might land over $1,500 for being a scholar in a classroom,” Barış mentioned. “The following morning was the primary time in my life that my dad despatched me a textual content message saying ‘Good morning, my pricey son.’”

Token-based election challenge sustained resulting from COVID-19

In response to Kaya, Turkey must cease being only a client within the decentralized finance house and begin making its personal initiatives: “The blockchain and crypto trade desperately wants a certified labor power. Offering schooling on this discipline allows entry to many world initiatives for the younger inhabitants.” Discussing the necessity for the youth to contemplate the cryptocurrency ecosystem as a profession house as an alternative of a option to make a quick buck, Polat mentioned:

“Cryptocurrencies and blockchain stimulate a brand new career in all occupational fields. In tomorrow’s world, a financier must know decentralized finance, and a lawyer must know sensible contracts. Whereas tutorial schooling is on the way in which to an interdisciplinary and interprofessional construction, blockchain serves as a palpable case examine on this transition. That’s why it’s crucial, particularly for the youth, to have a grasp of the brand new era monetary ecosystem reasonably than crypto trading.”

The primary half of the 14-week Crypto 101 course is all about blockchain, and the second half teaches college students cryptocurrency applied sciences. In response to the knowledge shared by Polat with Cointelegraph Turkey, Kadir Has College has additionally established a “Crypto 102” course by which issuance and coding processes of crypto tokens and sensible contracts shall be taught.

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