Learn and Earn Metaverse Academy:
The White Paper

Last Update: October 2024

Overview

In today's rapidly evolving world, there's a dual thirst: billions aspire to learn and progress, while a multitude of educators yearn to convey their expertise in impactful, fresh ways. What if both learners and educators could benefit economically? Imagine students getting paid to delve into Python or online advertising, and educators reaping rewards for curating dynamic, interactive courses. This isn't a mere daydream; it's the future of online learning.

Welcome to the revolutionary Learn and Earn Metaverse Academy - LEMA. Here, education is a two-way street. Learners don't just absorb; they earn. Meanwhile, educators are no longer confined to traditional teaching tools. Instead, they're equipped to design courses that merge instruction with immersive gaming experiences. Anchored on a robust GameFi economic model, LEMA is the bridge between knowledge seekers and knowledge providers, offering both the chance to Learn, Play, and Earn.

Envision a world where learning doesn't just empower the mind but also the wallet. Where educators become more than just instructors — they're creators, game designers, and innovators. LEMA is not just an e-learning platform; it's a symbiotic ecosystem. A convergence of web3, the metaverse, and global education, ensuring that both educators and learners thrive. Dive into this transformative journey with us!

LEARN AND EARN MODEL

LEMA is the pioneering Metaverse Academy where you can learn and earn. It aims to change how the current education system works and create a fresh economic model. This new type of Academy pays its learners for the time and energy they put into learning at LEMA and for helping the ecosystem grow.

The Learn and Earn model can transform the education industry and solve a big problem in online learning — lack of motivation. By mixing the GameFi model with online learning platforms, learning while earning becomes a reality.

Axie Infinity has already shown that explosive growth in the Play to Earn model is possible. In 2021 alone, Axie daily users grew from 30k to 2.5M and fully diluted token market capitalization increased from $100M to $30bn, with token trading volume rising from $5M to $500M daily.

Axie Infinity has continued to demonstrate resilience and growth in 2024, despite challenges in the broader crypto market. As of mid-2024, the game saw two major surges in user engagement. The introduction of the Bounty Board in April, a daily reward-based quest system, reactivated many former players and attracted new ones, contributing to a 143% increase in average daily trading volume.

Additionally, a partnership with Coinbase in June led to further growth, with Axie Infinity’s monthly active accounts skyrocketing by 691%

Currently, Axie Infinity has around 55,000 daily active users, with trading volumes fluctuating between $15M to $33M per day. The game’s governance token, AXS, reached a market capitalization of over $800 million in 2024.

Similar to the Play to Earn model, the Learn and Earn setup is centered around people owning in-learning assets, or what we refer to as NFTs. Learners use these assets to gain rewards while they study, and they can freely trade or transfer these assets with others. The rewards earned are tokens, which can be traded for actual cash.

The Learn and Earn method brings extra value to the learning process. As students spend time gaining new skills, they're also having fun and earning money. This greatly boosts their opportunities and chances for a better life.

Now, let's dive deeper into each component of the LEMA Economy.

LEARNING

The primary way to earn is to purchase an NFT Pass on the LEMA Marketplace or receive a scholarship (or bursary) and start studying the course of your choice on the LEMA learning app or website. You'll receive token rewards every few minutes based on your learning progress.

Immediate rewards form the basis of all learning experiences at LEMA. Our focus is on enhancing the value of time spent learning, making it enjoyable, engaging, and rewarding. You can claim tokens to your wallet and convert them into USDC at the LEMA Marketplace.

Learning is entirely free. Anyone can get a free NFT Pass and enjoy a complete learning experience without any payments. However, if you want to earn while learning, you'll need a paid NFT Pass or scholarship connected to your account, which can be done via the LEMA Marketplace.

Each NFT Pass comes with daily Energy that transforms into learning rewards. Correct answers or passing tests or exams convert a part of this Energy into token rewards.

We encourage learning. So, you're not penalized for incorrect answers. If you make a mistake, your Energy isn't lost, and you can try again. This way, we ensure there's no advantage for those who are already experienced compared to beginners. Everyone can use 100% of their daily Energy and collect 100% of rewards; beginners might just need a bit more time. For those who are already skilled, the daily Energy from each NFT Pass can be used up in 45-60 minutes.

SCHOLARSHIP

You're invited to lend your NFTs to other learners around the world. As they learn using your NFTs, both of you earn rewards.

The LEMA Economy promotes sharing of NFTs amongst users, encouraging a collective learning and earning experience. This creates a remarkable opportunity for a large number of people who might not be able to buy their own NFTs to start learning and earning without any upfront costs. We refer to this unique method of sharing NFT access and rewards as the scholarship (Both scholarships and bursaries cover the educational expenses of students based on academic performance and financial needs. While scholarships are more inclined to fund students with outstanding academic performance, bursaries are mostly prone to support students in financial need).

You can be a part of the LEMA Economy without necessarily learning. Simply buy several NFT Passes and offer Bursaries to those who need them, and earn rewards in the process. There is no maximum limit to the number of NFT Passes you can own or the number of Bursaries you can provide.

TRADING

Additionally, you have the option to sell your NFT on the LEMA Marketplace. If you possess two NFTs of the same rarity, you can create a new NFT yourself through a special "Grade" Process. Once this is done, your new NFT Pass is all set for learning and earning, or for sale on the Marketplace.

In a nutshell, you can purchase NFTs, generate new ones, enhance them through learning, share them with others by offering Bursaries, and sell them on the LEMA Marketplace.

PVP ACADEMIC OLYMPICS

LEMA plans to introduce PvP Academic Olympics, ratings, and tournaments within the LEMA Ecosystem to offer more engaging and rewarding experiences. We believe this feature is crucial for future expansion, as we've observed the heightened enthusiasm of learners when monetary rewards are at stake.

NFT PASS

The NFT Pass is the first playable asset in LEMA. You can use up to 4 NFT Passes each day to Learn and Earn, own as many NFT Passes as you wish, and lend them as Bursaries to other learners.

Each NFT Pass comes with 100 Energy points to utilize daily. These Energy points can be converted into token rewards and XP points through learning. The Energy gets gradually replenished to 100 points over 24 hours.

NFT PASS ATTRIBUTES

NFT Passes have 5 types of Rarity:

*Lema Grant Program

**Starting prices for NFT Passes are based on the expected public sale price within the Marketplace. Prices may vary and depend on users’ decisions. Let’s take a closer look at each attribute of the LEMA NFT Pass.

TALENT

Talent is the main attribute that dictates other factors such as the NFT Pass Rarity, Learning Speed, and XP Level. Talent points are assigned when an NFT Pass is created and they do not change. An NFT with more Talent points progresses faster and can earn more.

LEARNING SPEED

This measure indicates how many XP points an NFT Pass earns per Energy spent. If you're aiming to reach new XP levels quickly, choose an NFT Pass with a higher learning speed.

XP LEVEL

Each time you learn and expend Energy, your NFT Pass gains experience points (XP). When you accumulate enough points, you advance to a new XP level. For every 10 XP levels, the NFT Pass receives a substantial bonus and new in-learning abilities. When you buy or sell an NFT Pass, its XP level remains the same and gets transferred with the NFT Pass.

LEMA SEMESTER

To earn while learning, you need to take a semester at LEMA. A LEMA semester is assigned to each NFT Pass and gets activated after the user's first log in. You can purchase an NFT Pass at any time and keep it unactivated until you need it. The duration of the LEMA semester depends on your NFT Pass Rarity. The semester for a White NFT Pass (common Rarity) starts at 90 days, while for a Black NFT Pass (Legendary Rarity), it's 240 days. Semesters can be extended for an additional fee. If your NFT Pass's semester expires, you can still learn but won't receive rewards unless the semester is extended.

The semester mechanism enhances daily learning motivation as the total potential earnings are time-bound. This urgency leverages both greed and fear of missing out to combat people's laziness. Coupled with instant monetary rewards, this could be a revolutionary solution to one of the major problems in online education — lack of motivation.

For NFT Pass owners, the semester's time-bound nature encourages them to offer Bursaries, monitor, and distribute them to those willing to learn daily.

The semester's limited lifespan is vital for the long-term stability of the LEMA Economy. The LEMA semester allows for measuring, predicting, and managing the supply of reward tokens, and balancing it against demand using fees and incentives. The goal is to build a self-regulating LEMA Economy, adding new money inflows and gradually rebalancing financial and emotional incentives within the Metaverse itself.

GRADES

Each NFT Pass can be used to create new ones. To create a new NFT Pass, you need two NFT Passes of the same Rarity and a fee in LEMA Utility Tokens (the fee is variable and may be adjusted based on various economic factors). You can issue a limited number of Grades for each NFT Pass, and this limit is determined by the NFT Pass's Rarity.

REWARDS RATE

NFT Passes of varying rarities yield different rewards for the same learning tasks. We designed it in this way to keep individuals with different incomes motivated, while also keeping the entrance price for NFT Passes as low as $80.

SKILL STATISTICS

Every user starts at level 1. Users initially have three fundamental learning skills: Programming, Design, and Marketing (We plan to expand our Skill Set over time). You can enhance these skills by practicing in LEMA. Developing your skills yields more rewards and provides an edge in PvP Academic Olympics. Skill statistics are akin to your resume; they represent your academic progression. As such, they are non-transferable and tied to users and their Avatars.

METACAMPUS DORMITORY

Each user who learns needs a place for rest and to replenish their Energy, so they automatically rent a dorm in the Metacampus dormitory. The daily rent fee for the dormitory is quite minimal, less than 6% of potential daily earnings. Users who don't expend their energy don't need to rent a dorm. In the future, we plan to launch real estate NFTs, allowing participants to purchase property in our Metaverse to live, rent to other students, or sell.

LEMA EDUCATOR'S GEMIFI PORTAL

Transforming Educators into Game Designers:

At LEMA, we envision a future where educators don't just teach – they craft engaging game experiences. As a GemiFi-based platform, LEMA takes the conventional teaching model and metamorphoses it into a game-centric pedagogy. Here, learning through playing isn't just a motto; it's our foundational principle.

Harness the Power of No-Code:

With our strategic alliance with a no-code GemiFi game-building platform, educators are endowed with a state-of-the-art toolset. They can now metamorphose their expertise into captivating games without the hassle of coding. Our predefined templates are tailored to make the process as streamlined as possible, allowing educators from diverse backgrounds to create, innovate, and captivate.

Features of the Educator's GemiFi Portal:

Intuitive No-Code Tools: Experience the future of course creation where educators can quickly and efficiently convert their curricula into interactive game levels and missions.
Real-time Analytics & Feedback: A game is only as good as its players find it. Educators get real-time feedback to iterate, improve, and evolve their game courses for maximum engagement.
Diverse Course Catalogue: While LEMA promotes a diverse range of courses, we're particularly enthusiastic about three core directions: Programming, Marketing & Design, and Management. These sectors represent the digital future, and our platform is here to champion the educators leading the charge in these domains.
Earnings & Incentives: Apart from the regular earnings, LEMA celebrates excellence. Our "Educator of the Year" and "Course of the Year" accolades aren't just titles. The winners are granted a significant amount of LEMA governance tokens as a testament to their dedication and prowess.
Community & Collaboration: Our platform isn't just a tool; it's a thriving community. Engage with fellow educators, share insights, learn from the best, and contribute to an ever-evolving pedagogic paradigm.

Revenue Model:

While ensuring the sustainability of LEMA, we aim to provide the majority of revenue to educators. We believe in incentivizing brilliance, ensuring educators reap the benefits of their hard work.

Recognition & Rewards:

The annual LEMA accolades serve a dual purpose – recognizing the hard work of educators and encouraging them to push their boundaries. Winners don't just receive recognition; they're rewarded with LEMA governance tokens, giving them a more significant stake and voice in the LEMA ecosystem.

Conclusion:

LEMA is pioneering a transformative era in education. We're not just integrating games into learning; we're redefining the learning experience itself. We invite educators from all over the globe, especially those with expertise in Programming, Marketing & Design, and Management, to collaborate with us in this revolutionary journey.

LEMA TOCENOMICS

LEMA MARKETPLACE

The LEMA Marketplace facilitates all activities related to the LEMA Economy:

Browse NFTs for sale, the latest deals, and overall Economic stats
Buy and sell NFTs
Claim tokens earned by learning
Swap LEMA tokens
Offer and receive scholarships and bursaries
Manage playable NFTs and create new ones

The LEMA decentralized Marketplace will be underpinned by the Cardano blockchain, enabling quick, affordable, secure, and reliable transactions for users worldwide.

LEMANT – UTILITY TOKEN

Lemant (LMT) is the learning currency (utility token) of LEMA, which helps boost your motivation as you learn. It's used to reward people for learning and for moving value between community members and NFT owners.

Lemants are the tokens you earn as you learn with your NFT Pass. They are instantly added to your connected wallet after every learning session. This is instant gratification at its best - you get rewards in your account after every few minutes of successful learning.

You can use Lemants to exchange them for real money, create new NFT Passes, improve existing ones, extend LEMA Semester, buy real estate, vanity items, and other cool things.

You can claim your Lemants and have them sent to your wallet on your Account page on the LEMA Marketplace. You can hold onto Lemants for future use or convert them on the Marketplace Swap using a decentralized exchange.

Even though Lemants are useful inside the metaverse, they can be transferred freely outside of LEMA. The price of Lemants is usually determined by the open market. It depends on their supply and demand. The total number of Lemants in circulation is not limited. LEMA is always willing to sell/issue Lemant learning currency for $0.02, and to buy back Lemants at $0.01 (subject to funds availability in Treasury and governance token holder decisions).

If you want to buy or exchange your Lemants, you can use the Swap section on the LEMA Marketplace. A decentralized Liquidity pool will enable the swap and allows you to exchange your tokens instantly at any time.

The LEMA Economy is built on direct transactions between users. Prices, demand, and supply for learning assets and tokens are based on people’s actions and settled between them using blockchain.

During the initial growth stage, the economical parameters of the metaverse academy are set up to over-stimulate demand for Lemant and provide increased incentives for early LEMA adopters.

$LEA - GOVERNANCE TOKEN

We aim for LEMA to become the first Academy truly owned and operated by its community. Through distributing LEMA governance tokens to them, LEMA should gradually evolve into a community-owned Decentralized Autonomous Organization. This shift to a true DAO will occur gradually over time.

The LEMA governance token - $LEA holders will be able to guide the development of the Metaverse and adjust Economic parameters. The total supply is limited to 1,000,000,000 $LEA.

Uses for $LEA inside the Economy:

Percentage of LEMA Marketplace transactions fee
Percentage of NFT direct sales from LEMA to users
Percentage of fees to create NFT Passes by users
Percentage for Stacking
Other uses (To be released soon)

Part of the LEMA governance tokens will also be used to reward winners in PvP Academic Olympics.

LEMA TREASURY

The Treasury stores the value generated by the LEMA Economy. The main sources of income for the Treasury are:

Sales of NFT Passes, Real Estate, Accessories, Outfits, and other NFT Assets created by LEMA
Fees from renting / selling dormitory / Real Estate in LEMA (The LEMA Metacampus Dormitory)
Sales of $LEA – LEMA Governance Tokens
Sales of Lemants - LEMA in-learning currency
Fees from Marketplace transactions
Fees from staffing services provided by LEMA
Fees from web3 development services provided by LEMA

Future income streams may include entry fees from PvP Academic Olympics, licensing fees, other third-party income (like sponsorships, advertising, etc.), and more as new opportunities present themselves.

LEMA COMMUNITY

The team actively engages with the community to gather feedback and integrate it into the existing plans. More information will be released as details are confirmed.

SOCIAL IMPACT

LEMA is designed to have a positive impact. The LEMA Economy is built around sharing and cooperation. Scholarship mechanics allow people to learn and earn together, creating an opportunity for anyone to start earning and learning with no initial cash outlay.

LEMA Metaverse differs from other GameFi projects. It helps people gain valuable skills and build their lifelong careers while earning and having fun. It connects people to a world of global knowledge and economic opportunities, regardless of their physical location.

Sharing is caring. You can sponsor others to learn and earn — whether it’s your family, your community, or a complete stranger. LEMA makes giving straightforward and rewarding as you can track the progress of those you sponsor. LEMA itself will provide Grants and will inspire others to do the same.

VISION FOR MASS ADOPTION

Billions of people are learning new skills every day. The key to getting these people on board is providing a seamless experience with no prior knowledge of blockchain technologies required.

Here's how we plan to achieve this:

LEMA apps will be free to use for all learners on iOS, Android, and web
Start earning with nearly zero capital outlay; NFT Passes prices start from below $100
The UI/UX is intuitive for people without prior experience in blockchain
Transaction fees are low and decentralized transactions settle quickly
The scholarship is simple and appealing to use
Lemants are easily convertible, bridging the gap between the LEMA Metaverse and the real world

LEMA represents the nexus of education, blockchain, and gaming. Designed as a pioneering educational metaverse, LEMA bridges conventional pedagogical methods with the immersive nature of gaming, creating a landscape where learning isn't just rewarding, but also engaging.

In this GemiFi-based ecosystem, learners don't just memorize; they play, explore, and grow. Using a unique mechanic of NFT Passes, they accumulate experiences, unlock achievements, and enrich their knowledge. The LEMA Marketplace serves as the dynamic hub of this universe, enabling the trade, creation, and enhancement of learning assets.

Yet, what truly distinguishes LEMA is its dedication to educators. Recognizing the transformative power of teachers, LEMA has equipped them with state-of-the-art no-code tools. Here, educators aren't just passive instructors; they're game designers, crafting their expertise into interactive experiences. With the power of our GemiFi game-building platform, course creation is no longer just about content—it's about engagement. By championing courses especially in Programming, Marketing & Design, and Management, we lay the foundation for skills of the future.

The LEMA bursary system is a testament to our commitment to inclusivity, allowing the entire community to share, learn, and earn in unison. This egalitarian approach is further accentuated by our PvP Academic Olympics, weaving competitiveness into the learning fabric.

Our dual-token system, with the Lemant (LMT) and the governance token $LEA, forms the financial backbone, ensuring fluidity, rewards, and community-driven governance. With a vision set on mass adoption, LEMA's strategies hinge on accessibility, low entry barriers, and intuitive user experiences.

In conclusion, LEMA isn't just an educational platform; it's a revolution. By intertwining educators, learners, and gamers in one cohesive environment, we're not just shaping the future of learning — we're redefining it. Join us in this transformative journey, and let's rewrite the rules of education together.

Connect with us and join our growing community on social media! Follow us on LinkedIn for updates, insights, and professional networking. And for real-time news and engagement, make sure to follow us on Twitter. We look forward to connecting with you!

JOIN US ON THE MISSION TO SHAKE UP THE EDUCATION SYSTEM!

Learn and Earn Metaverse Academy: The White Paper