Answerly is a Q/A platform that allows the users to earn crypto rewards for adding high-quality answers on different questions "OR" adding questions.
What is Answerly
The basic concept of Answerly is to reward the users for posting well-explained and accurate answers to different questions. Answerly allows users to earn rewards for two different types of activities:
- Posting Questions: Users will receive fixed rewards for posting questions.
- Posting Answers: Answer rewards would vary depending upon the user’s level on the platform.
Once the user has reached the minimum withdrawal threshold, he can easily withdraw his earnings on his Stellar wallet.
Stellar wallet
Upon withdrawing his earnings, the user will receive an email along with other important instructions. To make this process smooth, we’re utilizing the services of a very well-known Stellar based project called Lobstr. Using this service would help us in the following areas:
- Eliminate the need of depositing lumens for Stellar wallet activation.
- Eliminate the need to manually issuing a trustline for ANSR.
- Simplifying the process of withdrawing funds and trading them on the exchange.
- Secure airdrop
Why did we choose to build Answerly on Stellar?
- Fast transactions
- Low transaction fees
- Feeless DEX
- Anchors
- Issuing trust: This is especially useful during an airdrop. It can filter out many fake participants.
- Path Payments: We plan to implement a system where the users withdraw ANSR tokens but receive XLM or USD on their Stellar wallets.
Goals
Our goal is to build the most advanced Q/A platform that allows the users to make part-time or even full-time income. Several other crypto-based projects allow users to earn rewards for adding content. However, the user's earnings on most of these platforms solely rely upon absurd factors such as upvote count, amount of crypto locked in their wallets, etc. In such a scenario, users with a lesser number of followers find it impossible to make any noteworthy amount of rewards. We believe that the best answers should be judged by the quality of the content instead of the number of upvotes it has received (since these metrics can easily be manipulated). Therefore, we're working on an algorithm that would determine the best answer to any particular question by taking into account 18 different factors, preventing any sort of possibility of gaming the system.
Our other goal is to attract non-crypto users to our platform and contribute to increasing the overall adoption of cryptocurrencies. We believe that this can only be possible if the rewarding and withdrawal system is made simple and easy to understand for people who have no background knowledge and experience in dealing with cryptocurrencies. That's the reason we chose to issues our token (ANSR) on the Stellar blockchain. We can easily utilize the existing services like Lobstr, Tempo, Stellar-based exchanges, etc. to achieve what we need.
How does it work?
Basic Concept
The basic concept of Answerly is to reward the users for posting well-explained and accurate answers to different questions. Unlike many other platforms, we believe that the users should be allowed to make money by posting content without the need of focusing on increasing their fan following, the age of their account on Answerly, or by investing in the native cryptocurrency of the platform. In addition to this, we’ve made sure that the new users are given equal earning opportunities.
Stellar wallet
By withdrawing his earnings from the stellar wallet, the user will receive an email along with other important instructions. To make this process smooth, we’re utilizing the services of a very well-known Stellar based project called Lobstr.
User Levels
The user levels on Answerly range from 1-5. A new user on Answerly starts with User Level 1. As he begins contributing to the platform, his user level starts to progress. As we’ve already mentioned above, the best answer reward varies from user to user depending upon his level.
Here’s a list that shows the amount of reward each user is eligible to receive on different levels:
Level 1
- Required to upgrade (Level 1 -> Level 2) = 10 Best Answers + 50 ANSR tokens
- Rewards - 1 ANSR token / Best answer
Level 2
- Required to upgrade (Level 2 -> Level 3) = 50 Best Answers + 150 ANSR tokens
- Rewards - 2 ANSR token / Best answer
Level 3
- Required to upgrade (Level 3 -> Level 4) = 100 Best Answers + 300 ANSR tokens
- Rewards - 3 ANSR token / Best answer
Level 4
- Required to upgrade (Level 4 -> Level 5) = 500 Best Answers + 500 ANSR tokens
- Rewards - 4 ANSR token / Best answer
Level 5
- Rewards - 5 ANSR token / Best answer
Answerly credits
For posting an answer or a question on Answerly, the user would require Answerly credits. As soon as the user posts a question or an answer, 1 answerly credit will be deducted from his total balance. Just to clarify, answerly credits are not the same as ANSR tokens because the credits don't hold any sort of monetary value, neither they can be withdrawn like ANSR tokens.
A free user will get 30 answerly credits per month which he can utilize to post
- 30 answers
- 30 questions
- Or a combination of both
To get more credits, the user will need to opt for any of the 3 pro membership packages mentioned below.
Revenue Model
Currently, we’re focusing on 2 types of revenue streams for Answerly.
Pro Membership
Pro-Membership will account for the majority of our revenue. 3 different pro-membership packages include the following features:
Package 1 - $10/month
- 100 credits
- No ads
- Integrating social profile links on every answer
- Pro membership tag
- Signature
Package 2 - $20/month
- 500 credits
- No ads
- Integrating social profile links on every answer
- Pro membership tag
- Signature
Package 3 - $30/month
- 750 credits
- No ads
- Integrating social profile links on every answer
- Pro membership tag
- Signature
- Analytics
Advertising
Just like many other platforms that allow UGC, we also plan to introduce self-serving ads on Answerly. Advertisers will have the ability to target the audience based on (Gender, Age, Demographics, Interests, and devices, etc). Furthermore, the advertisers will also be able to target questions in relevant niches, allowing them to get a better ROI on their investment. To properly introduce the ads, Answerly needs to have a huge user base and millions of questions/answers in its database. Therefore, for the time being, we plan to run ads from other popular networks like Google, Coinzilla, etc.
Other Ideas
We have not limited ourselves to just a handful of revenue options. We’re open to new ideas that would allow us to generate more revenue without impairing the overall user experience.
Links
Website: Answerly.app - (The website is still under development and will go live next week. For now, you may check the designs or the testing link.)
Testing website: answerly.logisticedens.com
Designs: designs.answerly.app (Make sure to check the desktop designs from Desktop & mobile designs from a mobile device)
Twitter: @answerlyapp
Telegram: @answerlyapp
Publish0x: @answerlyapp
Incorporation doc: Click here
