First incentivized, decentralized Q&A social network with internal cryptocurrency ASK Token, where users can ask que
S O C I A L G R O W T H N E T W O R K K N O W L E D G E M A R K E T P L A C E
The first incentivized, decentralized Q&A social network with an internal cryptocurrency First incentivized, decentralized Q&A social network with internal cryptocurrency ASK Token, (ASK Token), where users can ask questions, answer them, and get rewards for quality content. where users can ask questions, answer them and get rewards for quality content.
Registered users
Similar to social network, but not quite...
Question/month
ASKfm is a discussion platform that allows progressive people to easily communicate and gain experience corresponding with others from within their peer group, without having to worry about social awkwardness or shyness.
Languages
Countries
The mission of ASKfm 2.0 is to help people share their knowledge, opinions and experience openly and independently. We are going to redefine the ways of modern communication and learning, both on the global scale and on personal and group levels.
The platform isn’t just about increasing knowledge or answering questions, it’s about getting to know people better; allowing personal development, improved social skills and increased confidence through secure and moderated peer interaction.
We are building a new system of values along with a new decentralized economy in which people, their skills and knowledge become the main asset.
Where are we going with ASKfm 2.0
DAU
EU, LATAM, CIS and Asia Top Markets
We combine the strengths of blockchain technology, size and quality of our existing audience, and the willing participation of the best experts with economic and technical mechanisms to make that future possible even today.
ASKfm 2.0 will connect users with the kind of people that will help solve their dilemmas, no matter how simple or serious they might be. What’s more, we are developing an educational aspect to the platform that will enhance our users’ experience with a series of incentivized challenges that will include tutoring, online courses, and other informational activities.
Questioner
· Blockchain is used as a security protocol,
an immutable history ledger, and a value transfer service to cash out your in-app activity.
· Human-less escrow service moves funds on
pre-agreed conditions executed on the blockchain.
· User is rewarded for quality content and activity (likes, questions, reporting, inviting users, etc.) via an in-app token economy mechanism.
ASK token runs on the hierarchical blockchain, where smart contracts distributing rewards for content are composed on the internal blockchain, whereby state transitions (financial transactions with ASK tokens) are run on a root blockchain. Only summarized commitments are broadcasted periodically to the root blockchain (Ethereum) during non-faulty states. This allows ASKfm 2.0 to be incredibly scalable, remain low-cost and be totally autonomous.
1
ASKT
Question and token offer
ASKfm 2.0 is a unique case. Millions of our users advocate for the new economy, for the cryptocurrency, for quality content and access to knowledge. We are building a decentralized ecosystem for all 215 million people who trust us, making this the single largest mass introduction to the future. We're tokenizing social interactions inside our high-loaded blockchain Q&A platform. Token is the fuel and blood of the new system. We join the pioneers of tokenization, a concept that will soon become ubiquitous for a reason. It lets valorize anything and run an economy based on it-transparent, independent, and self-regulating.
Responder declines and offers a new price
Responder accepts and answers ASKT
2
Questioner declines Token returns
ASKT
Responder offers crowdfunding
Token earned
ASKT
Questioner declines Token returns
Crowd
3
Crowdfunding doesn’t reach the goal Token returns
We are tokenizing the answers and adding the reward system running on smart contracts. ASKfm 2.0 introduces the unit of measurement of the value of an answer — ASK Token (ASKT): Native cryptocurrency of the ASKfm platform Utility token that grants holders access to the internal economy of the platform Unit of value exchange for users within the platform.
© Copyright Ask.fm Europe Limited
Responder accepts new price and answers
Responder accepts crowdfunding ASKT
4
Responder
Token earned
Crowdfunding reaches the goal
Every user gets a wallet on the platform to store their ASK Tokens, withdraw them to external crypto exchanges and trade with other cryptocurrencies. We have rethought and expanded the existing Q&A mechanics to include the incentive element, as follows: When User A asks User B (could be a celebrity or an expert), User A has an option to bid ASK Tokens. Being asked, User B can answer and receive a minimum of 0.001 ASK Tokens minus 1% platform commission. At the same time, User B may decline the bid from User A and offer his/her bid. The maximum amount of the bid is capped by 10x of the ASK Token balance in User B's wallet. Thus people are motivated to keep tokens on the platform.
ASKT ASKT
Answer is accepted/ validated
Users may also place the answer on a community crowdfunding. Upon reaching a set threshold, user either answers the question and receives the reward or declines and Tokens return to the bidders. Any user of the ASKfm platform owning ASKT will be able to participate in the contentvalue-based internal transactional economy and earn tokens for providing valuable (smart, insightful, useful, creative) answers to questions. The value of the content will be determined by the demand and supply of information. Thus users will have full control of the internal economy.
Ask.fm Europe Limited | 6th Floor, South Bank House, Barrow Street, Dublin 4 | Co. Dublin, D04 TR29, Ireland
RISK DISCLAIMER: The information contained in this document is not an investment advice. Investing in Token Sale is a high-risk endeavor and one that we strongly advise for you to confirm with your registered investment advisor.
