I live in a huge college town and thought it would be a great idea to create a college fund LST called eduLST which would be a nonprofit endeavor. We as a community could basically adopt a student that has shown interest in blockchain technology, a proficiency in coding, and has already entered dApps in hackathons or something similar.
This would not only be helpful and a good thing to do in general but it would have the added bonus of garnering good will to the project and crypto as a whole. These people would undoubtedly tell many people how they’re being sponsored by a crypto aligned project.
It would need to be a well vetted candidate with no connections to anyone in the community, someone that has proven they’re serious about the field, and someone that needs the funding, not some trust fund nepo baby or someone that already has a bunch of grants and scholarships.
Even if we didn’t raise enough to pay their whole tuition, we could do things like supply new laptops, pay for books in the few courses that still require them, give out meal cards, sponsor their travel to hackathons, or even sponsor hackathons in places that don’t typically have them nearby.
As a nonprofit it would also allow the donations of staking rewards to be tax deductible which is a bonus for anyone holding a lot of the LST.
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This is actually interesting idea, and I’m supportive of education. Kinda odd no one is talking about this lol.
My question is, how transparent will the “grant” be?
How is the KYC process? And what guarantee they will graduate? I dont think we should limit this to just Web3 education, it can be anything, that’s how we can make web3 more impactful.
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Sorry guy, I didn’t see this notification until now. IDK why it didn’t spark any interest, maybe because it doesn’t directly benefit anyone here. The grant would have to be 100% transparent and even have to include on chain voting for candidates in order to add that layer of transparency that can’t be questioned. I also think from a legal standpoint it would require a 501-C which also requires 100% transparency with the government for tax purposes as any donation would be tax deductible, maybe we create the church of wonderland 501-C and become a religious organization to reap all of the rewards 
You can’t guarantee they’ll graduate but the selection process should weed out the vast majority that have a low probability. The KYC is simple and only requires an ID and a release form allowing the school to release info to verify their identity, GPA, standing, etc. None of that would be needed until a final candidate/s is chosen.
I agree that it could be for any higher education but as a web3 project and users that are paving the way for blockchain dominance, I just think it’s fitting to support students that are aligned with our own goals.
I think it would be cool to also do campus raids though. We could literally just walk around our local campus talking to students about Sanctum and transfer random people like $10-$25 of $CLOUD. Most will probably sell it for food and beer but the good will would be great and the word of mouth advertising could take off, especially with a few very well crafted short videos on TicTok and YouTube.
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Hell, if the team wanted to donate some $CLOUD I’d do that now at the University of Arkansas and make some videos for my 22K youtube followers and have my Nephew share some TicTok videos from North Carolina A&T where he’s a scholarship football player. With enough $CLOUD I’m sure we could get their step team to make some crazy ass dance video go viral
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