The website says Loltoken is a gamified learning and an essential tutorial platform. The token aims to make education available to a large group by connecting tutors, educationists, corporates, institutions, and learners together via a common platform called PEDAGOG. Pedagog seeks to be a robust tutoring platform that aims to take Loltoken as a virtual currency for teaching. It also seeks to combine several associations with learners globally, besides rewarding the token holders for every transaction.

Pedagog seeks to permit learners to gain tokens and use them to learn, thus reducing the commercialization in education. Moreover, Loltoken aims to be a people's currency and is already taken by many associations signing up on the platform. The idea is to make Loltoken an Ed-Tech currency for the entire world. The token aims to mainly focus on three pillars: transparency, rewards, and efficiency.

Loltoken seeks to offer extensive smart contract audits and a situational awareness platform to anticipate vulnerabilities and perils beforehand. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. 

Loltoken makes promising efforts to allow users to use the token holdings in any form of service right on the platform with any institution, classrooms, or workshops to perform trading. All trading activities seek to be genuine and unaltered. Loltoken accepts multiple institutions seeking to offer degrees, content, courses, certificates, videos, games, etc., on its platform. Pedagog operates on a rewards-based protocol.

LOL, a unique decentralized blockchain platform, seeks to provide more real education experiences for learners globally and designate everyone equally based on education. Teachers, instructors, authors, professors, and trainers worldwide can contribute to the invention of decentralized learning experiences and sources that could be used by anyone, at any point in time, and from anywhere in the world. The resources are available in four separate languages during the initial phase, with the idea to expand the language availability in the future.

Dr. Yao-Lang Chang is the founder of the token. Dr. Chang is a well-known personality, a speaker, a public figure, and the chairman of the Everclever group of companies.