# About 📖

## Vision & Project Summary(s)

&#x20;A global network of organized, secure and verifiable information creates a convenient method for educational based processes to be distributed, safe & practical.

&#x20;We are working on an open-source and decentralized educational project. Many levels of inputs are acceptable. But the core values will not be changed by outsider opinions/influences. We do not believe in the suppression of ideas and talents or disseminating misinformation. This system aims to prevent these types of issues in our society.

## System of Global Education

### Distributing Information

&#x20;A **S.A.G.E.** is merely an autonomous conveyor of information, as well as processes with built-in functions that automate the execution of educational-based smart contracts (EB- SC). Courses are prepared by individuals and offered to other individuals within the **S.A.G.E.** network. Both parties agree to the parameters outlined in EB-SC's. Educational based smart contracts are fulfilled via a similar system as Ethereums [ERC-721 non-fungible token (NFT) system](https://opensea.io/blog/guides/non-fungible-tokens/). Either via transaction signatures or token minting and issuance.

&#x20;Similar to a D.A.O. (Decentralized Autonomous Organization) with the difference being the **S.A.G.E**. is partially a D.A.C (Decentralized Autonomous Community) or a D.A.S. (Decentralized Autonomous Society) with no shareholders without community members or no shareholders at all and a large portion of the exchange of value taking place between independent but connected individuals.

### Fair Value Transactions

&#x20;The SAGE maintains rice for rice or apples for apple style of exchange for all participants with the chance of a greater return based on effort overall. No single party is better off than any other party without a sacrifice equally to the whole relative to the agreement and what's at stake. Fair value transactions lead to an economic and psychological incentive to keep the machine running and functioning as intended, so that no-one suffers, because if one suffers we all suffer. Gains and losses compound within the network.

&#x20;By owning credentials, you have more skills. Any payments must be locked in escrow before a credential is received. By providing valid submissions or 'proofs of knowledge,' an individual can work their way to earning a credential, and escrowed funds are released to teachers after the credentials have been issued to the students. \
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&#x20;Teachers provide 'skin in the game' by staking their reputation against their material and the success of their students or the transfer of knowledge. Their stake is directly correlated to verified credentials within the possession of the verified academic mentor, and any new credentials issued are intrinsically paired to the original credential holder. \
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*note- all collateral minus what's already been transacted and paid for is returned to both parties in the case of agreement expiration.*

&#x20;The structure of payment and the amounts are up for negotiation between students, teachers and institutions. Giving equal opportunity and the chance for knowledge to be provided and received by anyone.

### Democracy & Competitive Evaluations

&#x20; The community establishes trustworthiness, and the intrinsic value of an individual's contributions is susceptible to the entire network of contributors. Instead of inherent value given to status, power and privilege— which is surrounded by an unlimited amount of money or influence and is corruptible. Competition is driven through the issuance of smart contracts across the SAGE. \
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&#x20;Through settlement and agreements unique categories of academia can thrive and 'fringe topics' can be analyzed for merit. Blatant disagreements defeat the purposes of scientific exploration and academic study. Fostering an open discussion around a diverse range of topics, overall, helps both individuals and societies as a whole.

{% hint style="info" %}
**SAGE**— *Also a network of voters contributing towards each other's success, with each vote.*&#x20;

\*Votes are equal to settled vs un-settled contracts; Each contract can cause either a rank increase or a decrease.\*

ie; \
1 closed contract/complete transaction/settled= valid vote ≈ rank(+)increase\
1 open contract/incomplete transaction/unsettled= invalid vote ≈ rank(-)decrease
{% endhint %}

&#x20;Viable and robust institutions or individuals must compete with one another to maintain their rank within the network and amongst their peers. A S.A.G.E. enforces fairness through the settlement and negotiation of smart contracts. Healthy competition between peers can take place without provoking cheating and unfairness. \
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&#x20;Autonomy allows any individual or grouping of individuals the right to rise within the ranks of the S.A.G.E. & its network of participants. Token collateral, and reputation staking prevent abuse by reputable sources and wealthy participants. Fair transactions foster appropriate market ask, offer spreads relative to capital input. Time locks on collateral prevent possible flash loans, arbitrage or leveraging of credentials— possible attempts to game the incentive mechanisms.

## Digital Interactive Textbooks

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