An innovative project promoted by two students who have managed to raise half a million dollars is going to offer $100 in Bitcoin to every undergraduate at MIT, the famous Massachusetts Institute of Technology.

The revolutionary initiative will target over 4,500 students in order to establish “an ecosystem for digital currencies” at the university located in Cambridge. Besides “creating” thousands of new Bitcoiners, the action will allow professors and researchers to analyze how students use cryptocurrency.

The young minds behind the ambitious idea – now called the MIT Bitcoin Project – are Jeremy Rubin, a sophomore studying computer science, and Dan Elitzer, a first-year graduate student in MIT’s Sloan business school and president of the MIT Bitcoin Club, revealed an official announcement released by the club.

Plans for the MIT Bitcoin Project involve a range of activities, including working with professors and researchers across the Institute to study how students use the Bitcoin they receive, as well as spurring academic and entrepreneurial activity within the university in this burgeoning field.