Here are some of the main benefits of Answerly app.
You payments and withdrawals will always be saved on the Stellar Blockchain. Users will be able to view these transactions any time they want.
When posting answers, all users will try to be as accurate and detailed as possible so that they could claim their reward for the best answer.
Unlike many other projects, now the users can also make some side income for their efforts.
In fact, if taken seriously, Answerly could become your primary source of income.
In order to make this system work, we created 2 types on incentives for our users.
1. Points tokens: These tokens will be rewarded to the users who posts the best answers.The best answer will be selected depending upon the number of upvotes it has received from other users. In order to limit spam, we've disabled all Level 0 users from upvoting the answers. This feature automatically unlocks as soon as the users reach Level 1.
2. Reputation points: Now this is where it get interesting. Reputation points are can not really be withdrawn like Points tokens but they are useful for the users to upgrade their user level. As they upgrade their User Level, their rewards for the best answers will keep on increasing. Reputation points can be earned be performing different tasks such as, adding question, posting an answer, upvoting good answer, reporting spam etc.
10,000,000 (10 Million)
255,000,000 (225 Million)
Team tokens will not be used for at least 1 year.
Funds collected from ICO will be mainly used to list Points tokens on exchanges.
5% of the tokens allocated for marketing will be used in early Sep 2019 (right after the launch of desktop version).
In order to maintain the demand, price and supply of points tokens, we've created the Sustainability plan. According to the model, Answerly will never fall short of rewarding the users for their efforts on both Answerly app and the upcoming blogging platform. After every 4 million questions on Answerly, the rewards of the all user level will drop down by 50%. This will keep happening until there are 28 million questions on the platform. After that the rewards will remain constant.
|# of Questions||L0 - Reward||L1 - Reward||L2 - Reward||L3 - Reward|
|1 - 4,000,000||1 Points||2.5 Points||5 Points||10 Points|
|4,000,001 - 8,000,000||0.5 Points||1.25 Points||2.5 Points||5 Points|
|8,000,001 - 12,000,000||0.25 Points||0.625 Points||1.25 Points||2.5 Points|
|12,000,001 - 16,000,000||0.125 Points||0.3125 Points||0.625 Points||1.25 Points|
|16,000,001 - 20,000,000||0.0625 Points||0.15625 Points||0.3125 Points||0.625 Points|
|20,000,001 - 24,000,000||0.03125 Points||0.078125 Points||0.15625 Points||0.3125 Points|
|24,000,001 - 28,000,000||0.015625 Points||0.0390625 Points||0.078125 Points||0.15625 Points|
|28,000,001 +||0.0078125 Points||0.01953125 Points||0.0390625 Points||0.078125 Points|
Concepts & Research
Planning & Teaming
Web Platform Launch
Blogging Platform Design
Mobile App Launch
500K Questions On Answerly
Wikipedia Page Creation
Blogging Platform Launch
1 Million Questions On Answerly
5 Million Questions On Answerly
10 Million Questions On Answerly
Crypto projects raise millions of dollars for a small time startups. However the startups don't usually require that much money. If we talk about Answerly, it will cost us around $12000 for designing, desktop website development, mobile app design, mobile app development, security, explainer videos etc. As for advertising, SEO, hiring and exchange listing, we'll require around $250,000 in the next 6-9 months. Therefore, we'll set a sell order of 100K points tokens on exchanges at 25 XLM each. As of May 2019, this will translate into roughly $250,000.
We've not yet decided any particular launch date. However, it seems like we should be ready to launch the fully functional web platform by mid August.
The biggest competitor of Answerly is Quora. However, Answerly could be huge if the users on competing platforms realize that they can easily make hundreds of dollars a month for contributing to Answerly instead.
Honestly, we don't really need advisors at this point. In fact we may not need them at all. In the crypto space, advisors usually charge around $50-100K for mentioning the projects with their social media followers. This actually seems like a waste of money when we can use this amount to cover other important expenses related to the platform.
Basically our aim is to increase the usability of Points token by building multiple platforms around it. Our upcoming blogging platform is scheduled to launch by the end of 2019. Since the same token is supposed to be used on multiple platforms, we though it might be a good idea to have a different name for the token.
Well, that wont happen. We've carefully planned a sustainability plan for Points tokens. Please refer back to the sustainability plan section.
Any question? Reach out to us and we’ll get back to you shortly.