Answerly - Rewarding the users for sharing information
Answerly is a Q/A platform that allows the users to earn crypto rewards for adding high-quality answers on different questions.
Applications, Tools & Infrastructure
Our goal is to build the most advanced Q/A platform that allows the users to make part-time or even full-time income. There are a number of other crypto-based projects that allow users to earn rewards for adding content. However, the user's earnings on those 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 on 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.
The basic concept is to reward the users for posting well-explained and accurate answers on different questions. Answerly allows users to earn rewards for two different types of activities:
a. Posting Questions: Users will receive fixed rewards for posting questions.
b. 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: By withdrawing his earnings on the stellar wallet, the user would receive an email along with other important instructions. In order 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:
a. Eliminate the need of depositing lumens for Stellar wallet activation.
b. Eliminate the need to manually issuing a trustline for ANSR.
Note: We've discussed things like Revenue model, Spam controlling, User levels, Answerly Pro, etc in our whitepaper. The link to the whitepaper is mentioned below. I highly recommend that you check that out.
We've been working on this project since Jan 2019 and have come a really long way. We've just launched our Beta-testing phase but since the development is still in progress, you may come across a few bugs. Here's the list of things that we are planning to pull-off within the next 6-8 months:
- Implementation of all planned features - Aug 2020
- Answerly Pro - Sep 2020
- Professional redesign of desktop and mobile website - Dec 2020
- Marketing and SEO - Feb 2021
- Best Answer and search algorithm - March 2021
- App launch - June 2021
Why do we require the funds
So far we've spent a little over 12K USD on this project over the course of 18 months. This money was utilized for:
- Explainer video
- SMS verification implementation
- Plagiarism checking, etc.
At this point, we need around 55K USD for the following things:
- Professional UI (Desktop web, mobile web and app) ~ 8K USD
- Further development ~ 20K USD (this includes complete development of Desktop and mobile web & apps)
- Content writers ~ 15K USD
- Hosting and other 3rd party apps ~ 10K USD
The reason we've not added any marketing budget is because, it would be an ongoing expense and would vary according to the stage we're at. We don't want to think a lot about marketing at this point
How can Answerly be useful for the Stellar ecosystem
We plan to target people who have never been involved in cryptocurrencies in any way. This mostly include bloggers and small and medium-sized online businesses. Since the users will be required to withdraw the earnings of their Stellar wallets, we believe that it will help in increasing the overall Stellar community.
Why did we decide to use Stellar blockchain to issue our Token
Low transaction fees
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 USD or EUR on their Stellar wallets.
Some important things
We've also incorporated our company is the US (Delaware). You may check out the link to incorporation document below.
Incorporation document: https://docdro.id/7PtQX96
Token explorer: Stellar expert
Raza Rizvi (Linkedin) - https://www.linkedin.com/in/rizviraza4125/
Zain Haider (Linkedin) - https://www.linkedin.com/in/syed-zain-36b438108
Usama AKhtar (Linkedin) - https://www.linkedin.com/in/usama-akhtar-a88bb1114
Hira Ramzan (Linkedin) - https://www.linkedin.com/in/hiraramzantebha/
platform, Q/A, rewards, content, website, crypto, PHP, answer, question,