The new coronavirus has been spreading rapidly around the world since around 2020 and is still raging. The epidemic of this virus has changed the global circumstances. More than a year has passed since the epidemic and the effects of the COVID-19 pandemic are still unceasing, with people wearing non-woven masks and refraining from going out.
The impact on the economy is particularly serious. Due to the spread of the virus, the global unemployment rate has increased to 6.5% in 2020. This was an increase of 1.1% from the previous year and the worst situation ever in the 2000s. On the other hand, some people and industries have benefited from the pandemic. Typical sectors include the pharmaceutical and medical industries, the information and communications industry, and the gaming industry.
In the COVID-19 pandemic, there is a mixture of those who lose and those who gain. As a result, there are concerns about widening disparities in the economy, employment, and education.
In the Asian financial crisis in 2008, it took about two years for the stock market to recover to its pre-crisis level. Some believe that the recession caused by the coronavirus shock is comparable to the financial crisis of 2008 and that the gap will continue to widen for some time after the coronavirus goes away.
There is now a need for measures to correct this polarized structure.
BTEC is a project that aims to correct the economic and educational disparities that are widening in the COVID-19 pandemic.
The BTEC token economy will create jobs and redistribute wealth through donations. Through this system, we aim to alleviate the educational, economic, and employment disparities caused not only by the COVID-19 pandemic but also by the environment in which they were born.
BTEC is a scalable project. And we believe the growth of the project has the potential to make a difference. BTEC also has mechanisms in place to benefit its holders, such as staking fees and project voting rights.
The first phase of the project is to create a token economy that is linked to the Scholar Matching mechanism.
BTECs have mechanisms to maintain liquidity and high stake compensation. These mechanisms will greatly benefit BTEC holders. On the other hand, the Scholar Matching and Donation schemes will contribute to employment growth and reduce inequality.
The next step for BTEC to increase its impact on society is to scale up. By continuing to create new projects such as Scholar Matching, BTEC is committed to realizing a DAO that will eliminate economic disparities.