StudyFund: Unlocking Education Through Blockchain Crowdfunding

website: studyfund.org
smart contract: 0xBBe02596F093Ea9d4B6c942bB73C03c02B0D15E0

About

StudyFund is a blockchain-powered crowdfunding protocol that provides transparent, raffle-based scholarships to university students. It incentivizes donations through gamification and verifiable smart contracts, ensuring fair distribution while supporting global access to education. By integrating Soulbound NFTs and on-chain academic credentials, StudyFund enhances trust, accountability, and impact tracking in educational funding.

Problem Statement

Millions of students face tuition debt and financial barriers in higher education, limiting their potential. Traditional scholarship systems are inefficient, opaque, and underfunded. Donors often lack visibility into fund utilization, reducing trust and engagement. StudyFund solves this by combining blockchain, incentive-driven donations, and smart contract transparency to create a scalable, fair funding model.

How It Works

1. Crowdfunding & Raffle Incentives: Donors contribute a minimum of 10 USDT, earning raffle entries.

2. Fair Prize Distribution: 35% of funds go to a provably fair raffle, 45% to scholarships, and 20% for growth & sustainability.

3. Blockchain Transparency: Smart contracts manage funding, ticket allocation, and payouts, ensuring trustless execution.

4. Scholarship Allocation: Students apply by submitting academic records. Approved students receive tuition support, bursaries, and OpenCampus points.

5. Soulbound NFTs & On-Chain Credentials: Recipients get non-transferable NFTs to verify their funding history and academic progress.

Benefit to EduChain/OpenCampus

• Aligns with OpenCampus’s mission by democratizing education access through blockchain.

• Drives adoption of EduChain via on-chain academic credentials and Soulbound NFT identity tracking.

• Boosts engagement by integrating decentralized scholarships into the OpenCampus ecosystem.

• Provides a real-world use case for Web3-powered education funding, expanding EduChain’s impact.

• Encourages donor participation using blockchain-based incentives, increasing transaction volume on EduChain.

Target Metrics

• 10,000+ donations within the first year.

• 500+ scholarships issued in the first 6 months.

• 50+ university partnerships for on-chain credential verification.

• 70%+ donor retention rate via gamification and community engagement.

• $1M+ raised in scholarships through blockchain crowdfunding.

🚀 Milestones / Roadmap

• ✅ 500+ survey responses validated model

• ✅ MVP smart contracts deployed

• ✅ Launched on EduChain Testnet

• ✅ First raffle simulations and basic analytics live

📅 Next 6 Months April

• Launch mainnet donation round

• Launch referral rewards + virality hooks

• Start first scholarship application round

• Improve analytics dashboard

May–June

• Integrate Yuzu Points with funded students

• Scale raffle engine

• Refine onboarding for donors & scholars

July–August

• Onboard 5–10 universities

• Pilot cross-chain donation support

Meet the Team

👨‍💻 Emmanuel Kayode Joseph - Founder & Lead Engineer
👩‍🎨 Abosede Mayungbe - UI/UX Designer

Tech Stack

• Blockchain: Solidity, Ethereum L2 (EduChain)

• Smart Contracts: OpenZeppelin, Chainlink VRF

• Frontend: React, Next.js, TypeScript

• Identity Layer: Soulbound NFTs, EduChain credentials

• Payment Integration: USDT, ERC-20 tokens

• Backend: Node.js, GraphQL