Answerly Set to Release Series of NFTs on Stellar Blockchain

answerly app

answerly app


Answerly, one of the leading crypto question and answer [Q/A] platforms, via a recent press release, will be introducing 50 NFTs on the Stellar blockchain.

The proliferation of the crypto market has resulted in the introduction and launch of various platforms and trends, NFTs or non-fungible tokens as they are fondly called, a part of these emerging trends. Jumping on the wagon is Answerly, a platform that offers users rewards in the form of cryptocurrencies for asking and providing answers to questions. Akin to the existing reward platforms that reimburse writers, Answerly sauntering an untrodden path, is paying users in digital currencies which can be withdrawn from their Stellar wallet.

According to an official statement released by the platform, it launched its first-ever NFT a few months ago, which, per the aforementioned source, sold out immediately. Following this remarkable achievement, the Q/A platform is expected to launch a set of NFTs on Wednesday, September 22nd, 2021, on the Stellar blockchain.

Zain Haider, co-founder of the Q/A platform when speaking to reporters revealed that the revenue generated from this NFT sale will be used to efficiently provide liquidity to the ANSR token, then buy back at a lesser price.

“In that way, the prices for Answerly tokens will be stabilized”,

Zain Haider, co-founder of the Q/A platform -Answerly

Leveraging Stellar blockchain, the reward platform thrives to foster a community where users can draw ANSR tokens but receive XLM [Stellar’s native token] or USD in their wallets.

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