The open-source blockchain educational project known as BitDegree has seen a positive market response this week. Alongside rank outsiders such as BitSoar, BitDegree moved up into the top ten cryptocurrencies that have exhibited gains, in a predominantly bear market environment. The platform tweeted an announcement that they are to be listed on Cobinhood from February 8th, perhaps prompting the forward buying.

BitDegree claims to be the first blockchain project of its kind in the world, using smart-incentives for an online education platform that they hope will revolutionise the way we look at education and recruitment. Traditional education is going out the window, with its years of commitment and, worse, years of debt that follow.

Today's digital market doesn't need the kind of skills traditional educational institutions are offering. Many of the most successful entrepreneurs today are self-taught, and BitDegree aims to harness those kinds of people and skills, offering students the kind of education that they will need in the digital marketplace. Using smart contracts on the Ethereum network, the program uses the native BDG token to trade talent between a student and a sponsor, incentivising the learning process between the two.

The Lithuanian-based project raised $22.5m in its December ICO.