Converting Umnicoins into Cryptocurrency Talents

Umnocions not only stimulate the learning process, but also serve as an excellent tool for teaching financial literacy. The app allows schoolchildren and students to gain a real understanding of financial transactions with cryptocurrencies. In this article, we'll tell you how to convert umnicoins to talents.

Step 1: Verify your achievements

To convert your smart coins into talents, verify your educational achievements through the system. This process may take some time, so it's best to do it in advance.

Step 2: Accumulate Smart Coins

Umnikoins are digital coins that users receive as a reward for their educational achievements. Smart coins are awarded as a reward for educational accomplishments, such as participating in projects, creating work, researching activities, obtaining high grades, etc. The more actively and productively you approach your studies, the more smart coins you will earn.

Until May 2024, coins were automatically exchanged into talents at a predetermined rate at the conclusion of each month; however, this practice was discontinued as of June 1st, 2023. Now, each user decides when they want to convert their smart coins into talents.

Step 3: Convert Smart Coins to Talents

A crucial aspect is comprehending how the conversion rate of smart coins to talents is determined. This is a fluctuating rate that is influenced by three significant factors:

- The quantity of users within the system.

- The overall amount of coins contributed by users.

- Average educational achievement of all users.

After successfully converting smart coins into talents, you can choose how you want to use your cryptocurrency. This could be a transfer to another user, investment in training, purchase of educational content, or exchange for other currencies. Smart coins and talents provide a unique opportunity for schoolchildren and students to practice financial skills within the context of their education. Through this innovative approach, they can acquire valuable skills in crypto finance that will benefit them in the future.