- Each Reptonian house point earned throughout the academic year will be matched by one Philcoin token and can be donated to registered Philcoin charities
- The winning house at the end of the year will receive two tokens for every one house point earned
- Students are assigned houses from FS1 and start earning points from Year 1 onwards, based on success in academic achievements, excellent behaviour, special recognition from the principal and more
- The winning Reptonian house will also receive a prize valued at AED 10,000, which will be donated by Philcoin to a philanthropic cause
The Repton Family of Schools in the UAE, part of Excella, a leading operator of high-performing K-12 schools, has partnered with Philcoin, a human-focused blockchain platform, to convert student house points into cryptocurrency tokens.
Launched at the start of the 2023 – 2024 academic year, the innovative partnership will see Philcoin reward student houses with its cryptocurrency tokens (Philcoins) for each housepoint earned throughout the year. All students are assigned to different houses from FS1 and begin earning points from Year 1. The reward system is built to promote a positive and inclusive environment that encourages students to achieve their best and develop a common goal. Students can earn points for their house for academic achievements, excellent behaviour, displaying Repton Values, and inter-house competitions as well as special recognition from the principal and more.
The total points earned by Repton’s student houses will be matched by equal number of Philcoins, and transferred to each house wallet at the end of the academic year. Throughout September 2023, Philcoin will hold informative sessions for Repton teachers, students and parents about cryptocurrency, what Philcoin stands for and how this latest collaboration is the first of its kind in the region. House teachers will also be appointed as Philcoin Champions, who will oversee and supervise any transactions and engage with Philcoin’s platform.
Under the guidance of the Philcoin Champions, Philcoin will donate the accumulated tokens to a philanthropic cause of student’s choice that is registered with Philcoin or take it forward to the next academic year. Further, the winning house at the end of the year will receive two tokens for every one house point earned. On behalf of the house with the most points, Philcoin will also donate AED 10,000 in kind to a philanthropic cause at the end of the school year.
Commenting on the partnership, Gillian Hammond, Chief Education Officer at Repton Family of Schools and Principal of Repton Dubai says, “At Repton, we have always been at the forefront of cultivating a sense of social responsibility in our students and this partnership with Philcoin will help us achieve exactly that. We are excited to provide our students with an opportunity to learn about cryptocurrency, and to put their hard-earned house points to good use. This will also enable students to make meaningful contributions that align with our schools’ values.”
Philcoin is an award-winning blockchain platform with a global community of over 100 million members across the world. It is the only application with a Give-To-Earn programme that integrates donations into its various transactions. Users are required to share their tokens with others before they can access the tokens they have earned. Additionally, Philcoin is home to PHILEducation, an in-built education application, where people across the world can access accredited courses, soft skills training and more.
Elated by this opportunity, Tatum April, Chief Marketing Officer at Philcoin said, “At Philcoin, our aim is to create the largest global giving movement that will pave the way for a stable future and greater equality for all. We are proud to be partnered with the outstanding Repton Family of Schools in the UAE, a first-of-its-kind partnership in the region. While students are not engaging with cryptocurrency directly, Reptonians will be learning how these tokens can help create an economy in underprivileged societies. We look forward to working together with the Repton Family of Schools to foster innovation, nurture learning, and make impactful choices.”
The partnership represents a groundbreaking step towards bridging the gap between cutting-edge technology and humanitarianism. The Repton Family of Schools in the UAE and Philcoin are leading by example within the education ecosystem, adopting cryptocurrencies to further charitable efforts in the UAE.
Link to podcast episode with Gillian Hammond announcing the partnership: Announcing Philcoin’s first philanthropic UAE partnership with esteemed Repton Schools