BitDegree ICO Review – Revolutionizing Education with Blockchain - Crush Crypto

BitDegree ICO Review – Revolutionizing Education with Blockchain


  • Project name: BitDegree
  • Token symbol: BDG
  • Website:
  • White paper:
  • Hard cap: 33,000 ETH (ICO contributors own 51% of total token supply)
  • Conversion rate: 1 ETH = 10,000 BDG
  • Maximum market cap at ICO on a fully diluted basis: $43 million assuming current ether price of $670
  • Bonus structure: Week 1: 15%, Week 2: 10%, Week 3: 5%
  • Presale or white list: None
  • ERC-20 Token: Yes
  • Countries excluded: United States
  • Timeline: Crowdsale from December 1 to 29, 2017 (please refer to BitDegree’s website for the most up-to-date information)
  • Token distribution date: Distributed immediately and tradable within 2 weeks after completion of ICO

Project Overview

What does the company/project do?

BitDegree is a blockchain powered/funded educational platform specifically in the tech sector. Their goal is to create easily funded, specialized training/courses for employers and potential/existing employees, dependent on market demand for skills at any given time.

This is done through the creation of “Open Position” smart contracts, which will be bound to a select few students. Upon completion of the course, which is tracked, recorded, and, if certain conditions are met, paid for, the students who learn the requisite material will be hired by the aforementioned company.

To further incentivize learners’ completion rate (in a space where ~5% completion is the norm), BitDegree will use the Octalysis framework for Gamification.

The diagram below shows how BitDegree works in a nutshell:

Bitdegree diagram

General Use Cases are as follows:

  • Tech talent searching.
  • Subsidies for learning in-demand skills.
  • Streamlined onboarding process for new employees.

Here is a video from their website to summarize their project (video is 2:05 long):

How advanced is the project?

BitDegree already has two introductory Beta courses uploaded on their platform. One being a web development guide, and the other in an introduction to Blockchain (From and its applications.

BitDegree is also going to be largely siphoning its user base from a 29 million active member community which comes from Hostinger and 000webhost (the community is going to be receiving an airdrop of BDG to further pique interest).

Road Map of the project:

Q1 2018

  • Develop and launch first 100 courses
  • Bring on high quality tutors
  • Hire field experts to manage project expansion

Q2/3 2018

  • First token scholarship issued 
  • First partners accept token in BitDegree ecosystem 
  • Smart incentives contract implementation 
  • Mobile platform development

Q4 2018

  • Business Platform launch 
  • Creating sourcing pool for talent

2019 and beyond

  • 3rd party integrations 
  • Digital Service Provider SDK Development 
  • Other products including certification, decentralized diploma, job training, young talent acquisition, etc.
What are the tokens used for and how can token value appreciate?

Sponsors (companies looking to hire talent on the BitDegree platform) need to purchase BDG tokens to initiate, fund and create courses, and to establish scholarships.

Content providers, assessors, and mentors will receive BDG tokens as a reward for their contributions on the BitDegree platform.

Students will receive BDG tokens for studying and completing the courses.

Overall, as the project grows, gains more users, and legitimacy through sponsorships/institutional incentives, the utility and the value of BDG tokens should appreciate.

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The team has 16 members. The bios of the key team members are listed below:

Adrius Putna, Co-Founder and CEO – 11 years of experience in software engineering. CEO of Hostinger.

Balys Krikščiūnas, Lead Engineer – Head of Engineering of Hostinger International, former Data Engineer of ObjectRocket a Rackspace company, Linux Administrator of Rackspace, Technical Project Manager of Hostinger International.

Antanas Patašius, CTO – Former Head of Network Operations Center at Cgates.

Click here for a full list of team members, including their roles and experience.

Advisors of the project include Roberto Santana, Senior Manager of Coursera, Senior Product Manager of Zendesk, Jeff Burton, former Executive Director of Skydeck, UC Berkeley’s startup incubator, Maurice de Hond, CEO of sCoolSuite Concepts, and others.


  • The idea of getting paid while studying is unique and should allow BitDegree to have a much easier time attracting and retaining users.
  • The attractiveness of the platform depends heavily on whether students can find a satisfactory job after completing the course. If BitDegree can attract reputable companies as sponsors, then there is a strong case for students to enroll.


  • The users of 000webhost and Hostinger, both being web hosting companies, do not seem to have a lot of synergies with the target users of BitDegree.
  • Other online learning platforms such as Coursera, Khan Academy, Udemy, Codecademy, EdX have a lot more course offerings and/or strong relationships with reputable institutions that students trust, which is something that BitDegree do not have. 
  • The key team members do not seem to have relevant experience in the education sector.
  • The key team members are also working on Hostinger. It is uncertain how they will allocate their time between the two ventures.


Overall, we are neutral about both the short- and long-term potential for this ICO. Our thoughts of the tokens for short term and long term are as follows:

For ​short-term holding

Neutral. The ICO has been ongoing for 3 weeks amid the bull market for most of the duration and hard cap has not been reached. After tokens are tradable, there will likely be selling pressure because participants’ contributions are being locked up for over a month and some of the contributors would like to liquidate their holdings quickly.

For long-term holding

Neutral. The online education space is very crowded and many other competitors have established partnerships with reputable schools, which is something that BitDegree lacks. BitDegree’s sponsorship model is unproven and we are unsure whether BitDegree will obtain a large market share in this space.

For more information about the ICO, please visit the following links:






* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.

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