Blockstack Pays Off Student Loans With the Launch of “Delete Your Debt”

Every week for one month, Blockstack will pay off someone’s entire student loan debt with #DeleteYourDebt

Blockstack PBC, creators of the decentralized computing network and secure app ecosystem, has announced the launch of “Delete Your Debt”, where anyone with student loan debt can enroll for a chance to have their debt completely paid off. Each week for the next four weeks, one person will receive up to $60,000 to pay down their student debt, or delete it entirely. Those who sign up for a free Blockstack ID at will be automatically enrolled. 

Muneeb Ali, CEO of Blockstack PBC, said: “As a Public Benefit Corporation dedicated to empowering people through blockchain technology, Blockstack PBC firmly believes that everyone should be free to own their identity, data, and future. Paying off student loan debt not only makes sense for Blockstack’s core belief of a life free from corporate control, but it is also an initiative that I would have loved to participate in as a struggling computer science student. I moved from Pakistan to Sweden and lived off the dollar menu and whatever food was available in the research labs, so I can completely relate to feeling stifled by taking on so much debt in order to get my career off the ground.” 

“By helping to free students from crippling, sometimes decades-long debt, Blockstack hopes to inspire a movement among our communities and beyond, to take further action on finding new alternatives to career building and unlocking human potential, free from abusive third parties and intermediaries.” 

Blockstack’s technology puts the user in control of how their data is managed, through privacy-centric applications that can’t be evil. 

Muneeb Ali added: “Within this environment, the rules are clear and cannot be changed, not by us, or even the application developers themselves. Your data is yours, your digital identity is yours, and with this contest, your future can be as well.”  

To further incentivize participation in the Blockstack ecosystem, students can complete tasks that increase their chances of being selected to have their loans paid off, such as referring friends or tweeting about the #cantbeevil messaging.

Earlier this year, Blockstack also announced that the monthly payouts for its App Mining Program are set to gradually increase, targeting $1 million in STX tokens by May 2020 for the highest ranking apps. Participants in the program so far have included anyone from students, to writers, developers, serial entrepreneurs, and more.

Blockstack’s app ecosystem now has over 260 applications, and delivers more than $200,000 each month through its App Mining Program. 

To learn more about its student loan pay off contest, please visit

About Blockstack PBC

Blockstack PBC is a public benefit corporation focused on pushing the decentralized Blockstack computing network forward. The privacy-centric network is pioneering applications that return online data ownership to consumers. Founded in 2013 and headquartered in New York City with a team spanning Hong Kong, San Francisco, Chicago, Toronto, Barcelona and Washington. Blockstack PBC is funded by Union Square Ventures, Y Combinator, Lux Capital, Digital Currency Group, Naval Ravikant and others. For more information, please visit

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