LetMeSpeak is a non-standard project that combines 2 trends: the well-known NFTs and a new direction – Learn To Earn. The concept of Learn To Earn (study and earn) is a broader form of Play To Earn (play and earn), where in addition to financial motivation, you get practical benefits from learning English.
At the heart of the project are NFTs, each of which is a unique character with several characteristics. The use of this character in the training functionality allows you to upgrade it and receive real rewards for progress – LSTAR tokens. Subsequently, these tokens can be converted into USDC, a well-known, liquid cryptocurrency. That is you have an additional financial motivation to learn a foreign language.
Learn to Earn Model
Let Me Speak is the first Learn to Earn Metaverse, and it wants to change the $60 billion online language learning business and come up with a new way to make money.
The Learn to Earn concept has the potential to revolutionize the language learning industry while simultaneously solving the major problem with online education: a lack of motivation.
You combine the Play to Earn paradigm with Let Me Speak tools to learn to earn. This makes it possible. In the Play to Earn idea, Axie Infinity has already shown that there is much room for growth. There were 2.5 million daily users of Axie in 2021, up from 30k users a day. The value of all tokens in the market went from $100 million to $30 billion, and the number of tokens traded each day went from $5 million to $500 million.
As in the Play To Gain strategy, players have in-game assets called NFTs to earn rewards while learning. They can then freely sell or trade them to make money. As soon as you earn a reward, you can exchange it for cash.
Learn to Earn enhances the playing experience by allowing the user to spend time earning, amusing themselves, and learning new, practical skills, substantially improving people’s prospects and opportunities for a better life.
Where Do I Begin?
Navigate to the website or download the app (currently available only for IOS), register, and link the wallet.
Then you’ll need an NFT to represent a character:
- You may create a character for free, but you will not be able to earn anything.
- You may buy a paid character.
The least expensive NFT character is $99 USDC. It will reward you with 2-3 $USDC every day if you use the platform actively. Consequently, your investment will pay for itself in less than a month. This is where you’ll find all of the characters.
It is important to understand that in this case, you are acquiring not just an NFT but an already developed (to one degree or another) character in a foreign language learning application. From here, each character has different characteristics, learned skills, and achievements.
- Uncommon, Rare, Epic, Legendary – character rarity. The higher the rarity, the higher the potential profitability of the character.
- The rewards rate – the level of accruals – depends on the rarity. It can be more than 100%. It directly affects profitability.
- Daily-earnings – daily rewards. The range is specified in LSTAR, the game’s internal currency. Hovering over the I in the circle will show you the current dollar yield values (this is how you can calculate your character’s potential yield).
- Talent level learning speed – indicators of your character’s learning
- Skills – skills that were developed on the character’s account during the training process
- Visa Days Left – the remaining days of the Visa. A visa is a certain number of days you can earn without commission. It can be extended at the end of the visa period (your Sim will be renting a room – paying a small % of the earnings received for classes).
Subsequently, you start learning English in a game-like fashion by completing tasks, leveling up your character, and earning tokens that you can then withdraw to your wallet.
Investment Opportunities LetMeSpeak
- Investing entails acquiring NFT (now min. cost – 50 USDC)
- In the Solana network, the investment currency is USDC.
- Profitability is determined by the NFT’s rarity and other characteristics (now – from 1.5 percent per day when completing tasks)
- Profitability – the amount of money earned for doing jobs in LSTAR tokens.
- Profits can be withdrawn at any moment (conversion of LSTAR tokens to USDC)
- Exit investments at any time (selling NFTs on the marketplace – market conditions)
- The maximum number of NFT holdings is limitless.
- The most NFTs you can get via training is four from a single account (if you want more, create a second account)