The evaluation system forms the basis of the education system. But sometimes assessments have negative effects creating a stressful learning environment and detracting students from learning itself. Fortunately, in recent decades, people have begun to realize that rewards work much better than punishments, as they stimulate the main fuel for learning. That is motivation.
But what incentives can work effectively with people? Grades don't matter for adults anymore, and for many teenagers, there isn't much difference between F and A. What rewards could be as sweet and desirable as candy? Economic incentives are the answer. Perhaps, any person would like to receive rewards for successful education, and not pay for it.
That's where Web3 could spring up. There is considerable debate within the blockchain community regarding strategies to engage the next billion users in Web3. While gaming has been a popular focus, there are numerous untapped opportunities in reality. With 1.5 billion language learners worldwide, language learning presents an immense potential for creating valuable Web3 implementations.
LetMeSpeak is a revolutionary English learning platform that has taken the world by storm with its unique, interactive, and personalized approach to language acquisition. What sets this educational service apart from the rest is its unique blend of economic incentives and high-quality education, designed to tackle the number one problem in online language learning: motivation. By offering a gamified experience with real-life rewards, LetMeSpeak has helped learners remain committed to mastering the English language over four times longer than those enrolled in traditional online language courses.
The platform's unique Learn-to-Earn business model offers learners real-life financial incentives for their progress in English language learning. This sets LetMeSpeak apart from other learning apps that offer virtual rewards, which have no real value outside the platform.
Inside the learning game
The journey begins from the very first step of registration. Upon signing up for LetMeSpeak's mobile app (Android or iOS) or web service, users are taken through a brief registration process and then tested on their English language proficiency. The platform uses this information to create a personalized learning experience for each user, including their interests, goals, and reasons for wanting to learn English. This ensures that learners receive the best value and performance improvement, helping them to develop their English skills with ease.
The LetMeSpeak learning experience is designed to be engaging and fun, with exciting scenarios that simulate real-life situations. The learning process itself takes place in a Role-Playing Game format, where users are immersed in various scenarios that require them to use and develop their English language skills. For instance, users practice boarding a plane, going through passport control, and hailing a cab. They gain fundamental and advanced vocabulary skills while going through everyday quests such as buying tickets, ordering food, and checking into a hotel.
As they progress, learners improve their language skills and unlock new rewards along the way. They are taught to listen, read, write, and speak more confidently and coherently, with all the content presented in authentic, everyday English, complete with full audio voice-overs from native speakers from the United States. The platform employs its own adaptive algorithm for speech recognition, helping learners monitor their progress and improve their pronunciation over time.
LetMeSpeak is also the first language learning platform to integrate ChatGPT. Its integration provides users with an in-depth analysis of their grammar mistakes. This unique feature allows users to receive a special request, which generates a response that explains why their grammar is incorrect. The response is presented in the user's native language, making it easier for them to comprehend and improve their language skills
Tokenomics behind learning quests
The economic model of the game is based on a simple principle of "Learn and Earn". The more actively a user progresses in completing training tasks, the more he receives financial incentives. The reward is paid out in LetMeSpeak's native cryptocurrency LSTAR. By completing real-life tasks, such as learning phrases and vocabulary for traveling or partying, users earn LSTAR. These financial incentives that can be easily exchanged to USDC motivate them to keep learning.
To start learning and earning in LetMeSpeak, a user needs to have an NFT character. It can be purchased immediately after registration or later. With a focus on providing seamless experiences to all users, LetMeSpeak introduced the option to purchase Characters in-app, available in the Stores. This upgrade made it easy for first-time users to acquire their own Characters without deep technical knowledge of cryptocurrencies.
The rate of earning depends on the type of NFT character. NFT characters come in four rarity levels, with higher rarity resulting in greater rewards for successful learning actions. Characters can "Learn-and-Earn" in LetMeSpeak as long as they have a valid visa to be in the ecosystem. Visas are granted to characters when they are minted and last from 4-6 months, depending on the character's rarity.
LetMeSpeak also offers an alternative way to participate in an exciting game of learning English. These are scholarships - a term familiar to all students of the world. In real life, students who cannot afford their tuition can apply for a scholarship to cover their education costs. At LetMeSpeak, the scholarship program allows users to borrow an NFT character from other players in exchange for a portion of their reward. NFT owners set the percentage of rewards they are willing to give to scholars, and scholars choose which NFT character is more suitable for lease. This approach benefits both those who learn the language and those who rent NFT characters, because in this way they can earn passive income on their existing assets.
Game starts in 3, 2, 1
Traditional learning can be monotonous. However, incorporating gaming elements into education can significantly enhance student motivation.
LetMeSpeak provides a unique opportunity to challenge other users in their learning race and get some adrenaline in an exciting Player versus Player (PvP) game, embodied as a thrilling motorbike race, with players using their mastery of English grammar to fuel their mopeds. To add to the excitement, players can even place bets in LSTAR, with the winner taking all.
The adrenaline rush of competing on a global stage and the pressure of being the best in the world create an unforgettable experience that students will cherish. So, why settle for a passive role in traditional learning when you can take on the world in an action-packed grammar race and earn LSTAR while having fun?
Wind of change
With these intensive gamification tools, LetMeSpeak's 'Learn-and-Earn' model boosts the speed and success rate of acquiring useful new skills and knowledge by combining learning with instant gratification.
Unlike other learning apps with virtual rewards which have no real value outside their platforms, LetMeSpeak offers blockchain-based real-life financial incentives. Thus, Web3 technologies, blockchain, and NFTs are providing unique solutions to long-standing problems in education, particularly in the area of language learning. Gamification helps to struggle with the monotonous routine associated with learning languages, while web3-fueled tokenomics outfights the lack of motivation, hitting the bull's-eye of this main problem in education.
