Points Network is a token built on the Stellar platform. Our aims is to build multiple platforms around points network and increase the overall usability of this token. Our first platform "Answerly app" is ready to launch by mid August 2019. By the end of 2019, we'll be ready to launch our blogging platform similar to Medium.
Scroll down to learn more about Points network.
Here are some of the main benefits of Points Token
As Mention above, Points token is built on Stellar platform. Therefore the transactions will take just a few seconds as compared to Bitcoin, which can take away from 10 minutes to 1 day.
Token transfer on Stellar blockchain costs 0.00001 XLM which translates into 0.000001 USD. Whereas the other major blockchains can sometimes be a million times more expensive
Unlike many other projects, our aim is to increase the usability of Points token by creating multiple platforms around it. We will start this journey by launching Answerly app which is a Q&A website. In the near future we also plan to launch a blogging and review platform.
Points token is created to be used as rewards for User Generated Content. For every platform, we'll design a system that would reward the users for their time and efforts of posting high quality content on websites. This includes all 3 platforms which we're planning to launch by the end of 2020.
For our first platform "Answerly" (which is expected to launch by mid Aug 2019), the users will be rewarded with Points token for the answers which that add to the platform. Similarly, users will be rewarded on our blogging platform for posting high quality and unique content.
In order to limit the supply while increasing the overall demand of Points token, we plan to cut the reward by half after achieving every few milestones. Sustainability plan for our first platform is mentioned below. In addition to this we've decided not to make it too easy for anyone to avail points token by airdropping it. Airdrops make it too easy for people to cheat the system by creating hundreds of different identities and claiming the reward by using those identities. This usually results in the price fall. Our aim is to prevent the price from dumping after Points token hit the exchanges.
10,000,000 (10 Million)
225,000,000 (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.
Note: This sustainability plan is only valid for Answerly App. As we have already mentioned that we aim to launch multiple platforms for Points token, each of them will have their our sustainability plan which will be announced along with the platform announcement.
|# 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.
Well, that wont happen. We've carefully planned a sustainability plan for Points tokens. Please refer back to the sustainability plan section.
Honestly, we don't really need advisors at this point. Infact 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.
It may or it may not. We are not encouraging anyone to invest in this project if they want to see a quick return on their investments. Although the price of Points token is a pretty important factor but it's still the least of our concern. Our main goal for now is to build a successful working product.
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.
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.
Any question? Reach out to us and we’ll get back to you shortly.