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DO we need to pay PEER to ask questions?

Reply’s to a post is free to start a new thread you have to put down peer token to open the new thread ??

I just wanted to answer this persons question with an answer in Peeranha.io

PEER is not required to make a question, and you can suggest a community with 500 reputation score which anyone can get from answering and asking questions , is this correct?

What exactly do the PEER tokens get used for, to simply get users to answer your questions with more answers?

https://peeranha.io/faq/

What is the token allocation?
60% of PEER will be created by emission and used as initial rewards to users for their contributions
20% for founders and team rewards
20% for funding
What is emission rate?
New tokens are created once per week. The maximum starting emission is 100,000 PEER per week (depends on user activity). The emission is reduced by 10% every 52 weeks.

I am still unclear on how we earn the PEER or use them. thank you

Answers 1

Do we need to pay PEER to ask questions?

It is free to post a question on Peeranha. Moreover, users earn PEER tokens and grow reputation by asking good questions that are helpful and upvoted by other users.
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PEER is not required to make a question, and you can suggest a community with 500 reputation score which anyone can get from answering and asking questions, is this correct?**

It is correct.

What exactly do the PEER tokens get used for, to simply get users to answer your questions with more answers?

Peeranha that you see today is really just an MVP. There are many more features that we are working on that will create various sources of demand for the token.

Few examples of internal use cases that we are planning for the token:

  • Bounty - assign reward for a user that provides the best answer to your question;
  • Staking PEER token for boosting rewards that a user earns

Additionally, once the community is mature, we will be adding paid services for external customers. 75% of the revenue from these services will be used to reward users. Here are a few examples of possible services:

  • Job postings ;
  • Targeted ads.

I am still unclear on how we earn the PEER or use them.

Every reputation point that the user earns also earns the user PEER tokens. Initially 1 reputation points earns 10 PEER tokens. Reward per reputation point will be going down once the total number of reputations points earned by all users during the week exceeds 10,000. The earlier users join the platform the more tokens they earn.

Users will be able to use tokens for the features that I mentioned above or sell the token on an exchange after it is listed.

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