New Web3 social media and leisure platform Socrates goals to remodel the way in which we talk and interact within the digital panorama, combining parts of GameFi and SocialFi throughout a number of blockchains.
Socrates customers earn rewards by collaborating in actions similar to creating multiple-choice Q&As, voting, commenting on solutions and liking others’ feedback.
Billed as a “cultural nexus that encourages mental exploration and values each voice,” the platform embraces freedom of speech, rewarding its customers for sharing distinctive views, participating in vigorous debates, and persuading others to simply accept their opinions.
It’s a easy, straightforward to grasp platform that doesn’t require customers to have interaction in complicated sport methods. And factors earned on Socrates may be redeemed at a 1:1 ratio for USDT, with a number of questions on the platform already accumulating 10,000 USDT price of factors.
Right here’s easy methods to get began.
Getting began with Socrates
Socrates helps each Android and iOS, in addition to internet browsers (word: for now, iOS customers want to make use of TestFlight to make in-app purchases). There are two methods to onboard onto the platform:
Create an account by importing current Web3 wallets like MetaMask.
Instantly create a brand new pockets on Socrates.
At the moment, Socrates helps the Polygon, Ethereum and BNB Sensible Chain networks (with assist for Arbitrum One and Optimism coming quickly). As soon as a sequence is chosen, all deposits and withdrawals have to be accomplished on that chain, with no choice to change between chains.
To formally start your Socrates journey, equip your self with a non-transferable SBT Pen and/or a transferable Genesis Pen (see beneath) and a few factors. There are three ranges of SBT Pens, providing customers totally different advantages, similar to a bigger share of the prize pool. Factors function the fundamental gasoline for person interactions, together with asking questions, voting, commenting and liking. Every interplay requires a certain quantity of factors, and collectively, these factors kind the prize pool for every query, which is distributed on the finish.
We’re thrilled to announce Socrates now helps the BNB Sensible Chain.
You should utilize Ethereum, Polygon or BNB Sensible Chain to transact along with your factors. pic.twitter.com/InNUHPn8ex
— Socrates (@Socrates_global) December 13, 2023
Who can play Socrates?
Socrates welcomes everybody to the platform, respecting all voices from totally different backgrounds and views—whether or not you are thinking about incomes rewards, keen about participating in debates, wanting to discover new views, or just in search of freedom of expression.
As soon as outfitted, you’ll be able to transfer to the guts of the platform—collaborating in questions and solutions. Customers are usually not confined to a single position; whether or not asking or answering questions, each are equally essential for unbiased pondering. With adequate factors, you’ll be able to interact in numerous interactions on the identical time, selecting to spark fascinating discussions or take part in ongoing debates.
How does play-to-earn on Socrates work?
Socrates rewards each query creators and reply contributors. There are 5 totally different prizes that customers can earn rewards from by means of numerous actions in-app — the Query Creator Prize, Help Prize, Dialogue Prize, Cause Prize, and Likes Prize.
To assist spark insightful discussions, the platform has launched the Query Creator Prize for these asking questions on the platform. Customers can create a multiple-choice query with 2-4 solutions on any subject, customise the factors that it’ll price for different customers to vote, and select how lengthy will probably be lively for; creators are assured a minimal of 5% of the entire factors earned by different prize winners when the query ends. Socrates additionally shares yesterday’s SBT income with the Query Creator as a trending bonus when the query turns into trending—encouraging customers to create fascinating and attention-grabbing questions, within the hope of receiving extra incentives.
The Help Prize is one other prize related to the query. All customers can actively assist questions they consider have the potential to turn into trending (see beneath) utilizing factors or Genesis Pens, which considerably enhances a query’s recognition. Customers can obtain the reward if the query does pattern; if it would not, the supported factors are returned.
Participating in discussions by answering questions is the simplest option to take part within the Socrates platform. The most important proportion of the prize pool is subsequently allotted to the Dialogue Prize.
Individuals can earn a share of the Dialogue Prize by merely voting for a solution to any query. How the prize pool is distributed amongst winners relies on components such because the variety of individuals, voting timing, voting charges, and if the person makes use of an Genesis Pen to vote.
Socrates would not encourage customers to simply ‘select the proper reply’; its rewards system ensures that individuals are rewarded for his or her early engagement, unbiased pondering, and significant contributions to discussions. Different interactions, similar to offering causes in your chosen reply and supporting others’ feedback, even have the prospect to earn the person Cause and Likes Prizes.
In December 2023, Socrates launched the ‘bonus bundle’ function. Customers can now bind bonus packages to questions that may be claimed by any participant, encouraging extra customers to work together with that query and providing extra methods for them to earn rewards.
What are trending questions?
In Socrates, you’ll be able to create questions on numerous subjects, with the platform’s algorithm calculating a ‘recognition worth’ based mostly on individuals interacting with that query. Customers can discover well-liked questions in-app on the leaderboard, and the platform selects these high of the record to turn into ‘trending questions’.
Trending questions are displayed on all customers’ homepages, which means it attracts extra individuals, leading to a bigger prize pool and substantial rewards for prize winners.
How do NFTs play a job within the sport?
Like SBT Pens, Genesis Pens can be utilized to work together on the platform and are additionally NFTs, however solely 30,000 will ever exist. Nonetheless, Genesis Pens provide customers extra benefits, considerably boosting their potential to earn rewards by making certain a bigger share of the prize pool when calculating shares amongst eligible winners.
Utilizing Genesis Pens to assist widespread questions additionally will increase the possibilities of these questions trending, offering customers a possibility to win the Help Prize.
There are just a few other ways that you may get a Genesis Pen: airdrops similar to competitions on Socrates’ social media channels; or buying one on OpenSea.
Sooner or later, Socrates will introduce extra options associated to Genesis Pens similar to airdrop bonuses for NFT holders, so it’s definitely price making an attempt to get your palms on a Genesis Pen.
Any tricks to earn larger rewards?
Socrates is designed to be user-friendly and enjoyable, eliminating the necessity for complicated gaming methods. While proudly owning Genesis Pens and creating trending questions can improve your rewards, the platform’s core philosophy is that participating in considerate debates is part of day by day life. The elemental rule for getting probably the most out of Socrates is lively participation. By connecting with thinkers, debaters, and knowledge seekers worldwide, you not solely achieve helpful insights but additionally earn rewards every single day.
Because the neighborhood turns into extra vibrant, with elevated participation and interactive voting, Socrates expects the general query prize pool to develop considerably, encouraging customers to share their numerous views and factors of view—and assist create a thriving neighborhood the place each voice is valued and rewarded.
Be a part of the Socrates neighborhood on-line at app.socrates.com, or obtain the app on Google Play and Apple iOS TestFlight. Enroll now with the invitation code 8kbe8hsq or use the invitation hyperlink.
