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Home»ETHEREUM NEWS»A Beginner’s Guide to Socrates: How ‘Cultural Combinations’ Can Reward Debate
ETHEREUM NEWS

A Beginner’s Guide to Socrates: How ‘Cultural Combinations’ Can Reward Debate

By Crypto FlexsDecember 25, 20236 Mins Read
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A Beginner’s Guide to Socrates: How ‘Cultural Combinations’ Can Reward Debate
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Socrates, the new Web3 social media and entertainment platform, aims to transform the way we communicate and engage in digital environments by combining elements of GameFi and SocialFi across multiple blockchains.

Socrates users earn rewards for participating in activities such as writing multiple-choice Q&As, voting, commenting on answers, and liking other people’s comments.

Described as “a cultural engagement that encourages intellectual inquiry and values ​​all voices,” the platform embraces freedom of speech and encourages users to share unique perspectives, engage in lively debate, and persuade others to accept their opinions. Compensate.

It is a simple and easy-to-understand platform that does not require users to engage in complex gaming strategies. And points earned on Socrates can be redeemed against USDT at a 1:1 ratio, and several questions on the platform have already earned points worth 10,000 USDT.

Here’s how to get started:

Getting started with Socrates

Socrates supports Android and iOS, as well as web browsers (Note: Currently iOS users must use TestFlight for in-app purchases). There are two ways to onboard to the platform:

  1. Create an account by importing an existing Web3 wallet, such as: metamask.
  2. Create a new wallet directly in Socrates.

Currently, Socrates supports the following: polygon, Ethereum and BNB Smart Chain Network (Arbitrum One and Optimism coming soon) Once you select a chain, all deposits and withdrawals must be completed on that chain and there is no option to switch between chains.

To officially begin your Socratic journey, grab your non-transferable SBT pen and/or transferable Genesis pen (see below) and a few points. There are three levels of SBT pens, which offer various benefits to users, including winning more prizes. Points serve as the primary fuel for user interaction, including asking questions, voting, commenting, and liking. Each interaction costs a certain amount of points, which collectively make up the prize pool for each question and are distributed at the end.

We are excited to announce that Socrates now supports BNB Smart Chain.

You can trade for points using Ethereum, Polygon or BNB smart chains. pic.twitter.com/InNUHPn8ex

— Socrates (@Socrates_global) December 13, 2023

Who can play Socrates?

Socrates respects all voices from diverse backgrounds and perspectives, and everyone who participates on our platform, whether they are interested in receiving compensation, passionate about engaging in discussion, wanting to explore new perspectives, or simply seeking freedom of expression. Welcome.

Once you’re equipped, you can engage in Q&A to get into the meat of the platform. Users are not limited to a single role. Whether you ask a question or give an answer, both are equally important to independent thinking. If you have enough points, you can engage in multiple interactions at the same time by sparking interesting discussions or joining ongoing discussions.

How does Socrates’ Play to Earn method work?

Socrates rewards both question writers and answer contributors. There are five different prizes (Question Author Award, Support Award, Discussion Award, Reason Award, and Like Award) that users can earn rewards for various tasks within the app.

To help spark insightful discussions, the platform has introduced a question author award for those who ask questions on the platform. Users can create multiple choice questions with 2 to 4 answers on any topic, customize the number of points it costs for other users to vote for them, and choose an activation period. Once the question is closed, the creator is guaranteed at least 5% of the total points earned by other winners. Socrates also shares the previous day’s SBT revenue with the question author as a popularity bonus when a question becomes popular. This means encouraging users to create interesting and eye-catching questions to receive additional incentives.

Image: Socrates

Support awards are another award related to the question. Any user can use Points or the Genesis Pen to actively support questions (see below) that they think have the potential to become a trend, which will significantly increase their popularity. Users can receive rewards if their questions show trends. Otherwise, supported points are returned.

Participating in discussions by answering questions is the easiest way to participate in the Socrates platform. Therefore, the largest portion of the prize pool is allocated to the debate prize.

Participants can win debate prizes simply by voting on the answers to the questions. How prizes are distributed to winners will be determined by factors such as the number of participants, timing of voting, turnout, and whether users use the Genesis Pen to vote.

Socrates does not encourage users to just ‘choose the right answer’. The reward system ensures that participants are rewarded for early participation, independent thinking, and meaningful contributions to the discussion. Other interactions, such as providing reasons for a chosen answer and supporting others’ comments, can also earn you User Reasons and Likes awards.

In December 2023, Socrates introduced the ‘Bonus Package’ feature. Users can now bind bonus packages to questions that can be asked by any participant, encouraging more users to interact with those questions and giving them an additional way to earn rewards.

What are the popular questions?

Socrates lets you create questions on a variety of topics, using the platform’s algorithm to calculate a ‘popularity value’ based on people interacting with that question. Users can find popular questions within the app on leaderboards, and the platform selects the top items on the list to make them ‘popular questions’.

All users’ homepages display popular questions. This means attracting more participants, resulting in larger prize pools and tangible rewards for winners.

What role do NFTs play in gaming?

Like the SBT pen, the Genesis pen can be used to interact on the platform and is also an NFT, but there will only be 30,000 of them in existence. However, Genesis Pens provide users with an additional advantage, significantly increasing their chances of winning a reward by guaranteeing them a larger share of the prize pool when calculating stakes between eligible winners.

Using Genesis Pen to support common questions increases the likelihood of those questions trending, giving users a chance to win support awards.

There are a few ways to obtain the Genesis Pen. airdrops such as contests through Socrates’ social media channels; Or buy it from OpenSea.

In the future, Socrates will be rolling out more features related to the Genesis Pen, including airdrop bonuses for NFT holders, so it’s worth getting your hands on a Genesis Pen.

Do you have any tips for getting bigger rewards?

Socrates is designed to be user-friendly and fun, eliminating the need for complex game strategies. Owning a Genesis Pen and writing trending questions can increase your rewards, but the platform’s core philosophy is that engaging in thoughtful discussion is part of everyday life. The basic rule for getting the most out of Socrates is active participation. By connecting with thinkers, debaters, and wisdom-seekers from around the world, you’ll not only gain valuable insights but also be rewarded every day.

As the community becomes more active with increased participation and interactive voting, Socrates expects to see a significant increase in the overall question prize pool, which will encourage users to share diverse viewpoints and viewpoints and help create a thriving community where all voices are respected and rewarded. I hope so. .

Join the Socrates community online app.socrates.comOr download the app here: Google Play and Apple iOS Testflight. Sign up now with invitation code 8kbe8hsq or invitation link.

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