STC Wallet Holders Have Under Ninety Days to Claim Their Tokens
Attention Student Coin holders using the STC Wallet: Time is running out to redeem your tokens! The redemption process, which began on April 9th of this year, will only be available for a total of five years. The first and second deadlines for redemption have already passed in June, so now we’re in the third stage, which ends on October 9th, 2024. To redeem your tokens during this stage, you’ll need to submit a Redemption Request and directly contact the Student Coin team. The final phase will continue until April 9th, 2029, allowing users to sell their tokens on-chain.
Student Coin was created in 2019 by a group of students from Kozminski University in Poland. The project aimed to explore the potential of blockchain technology and encourage academic institutions to adopt cryptocurrency. The experiment was a success, leading to the development of the STC Wallet, the launch of the STC Academy, and the establishment of Coinpaper.com, a prominent crypto news portal.
Despite facing challenges such as economic instability, industry scandals, and regulatory uncertainty, the Student Coin team remained committed to the project. They continued to introduce new initiatives, improve existing products, and prioritize user protection during major crypto market downturns.
However, in the best interest of the community, the Student Coin team has decided to sunset the STC token and related projects, including the STC Terminal and STC University. They are now focusing their efforts on developing new projects, particularly Coinpaper, which has been experiencing substantial growth.
To stay updated on the STC redemption process, users can visit the project’s website and follow them on Twitter. The team maintains direct communication with followers and provides frequent updates. It’s worth noting that 82.86% of the total STC supply and 100% of the team-held tokens have already been burned. The tokens were also delisted from various centralized exchanges between May 30th and June 15th, and the project’s Telegram chat has been closed.
The team has been reminding users about the redemption deadlines and assisting them throughout the process. The redemption prices range from $0.006 to $0.0137 per token, depending on the user’s purchase history and activity. This approach aims to reward loyal users, long-term holders, Premium Program members, and those who made direct purchases via the STC Wallet.
To redeem your STC tokens, you have two options. The manual STC Wallet Redemption via OTC Redemption request requires undergoing KYC/KYB procedures, AML checks, and submitting documents to prove the source of funds and wealth. Alternatively, you can choose the on-chain operation, available until April 9th, 2029. This option involves either a Uniswap V3 to USDC transaction or an on-chain burn procedure. The Uniswap transaction is recommended for smaller volumes, while the on-chain burn procedure is suitable for larger amounts. The process is transparent, and all blockchain transactions are visible. After the deadline, all remaining STC tokens will be burned. Refunds for the on-chain burn procedure may take up to three months.
So if you’re a Student Coin holder, don’t wait any longer. Take action now to redeem your tokens before time runs out!
