Socrates, a Web3 platform incentivising users by rewarding them for asking and answering questions, has launched on multiple blockchains, following a successful test period. The web3 social networking and entertainment platform has launched on Polygon, Ethereum, Arbitrum One, Optimism, and BNB Smart Chain (BSC), expanding its reach to a wider audience.
How to earn by asking and answering questions?
Leveraging the strengths of Social-Fi and GameFi, Socrates is promoting an innovative and fun way of entertainment. The platform has been audited by Certik and has created an incentive-based ecosystem where users are rewarded for their interactions and contributions to the ecosystem.
AI has taken hold of the world’s imagination of what could become of the human race in the coming years. Nonetheless, many people, businesses and governments still place a premium on interactions involving real humans. Furthermore, it gets even more interesting when you present people with a platform where they can stimulate their minds through creative question-and-answer interactions.
Simply put, many still prefer human-to-human interactions to AI-generated standardised responses. By customising their Pen and picking a topic of interest, users can actively contribute to conversations within the app.
Socrates is decentralised and leverages the advantages of blockchain technology and NFTs to create a creative incentive structure. Additionally, the organisation will soon deploy an algorithm that will tailor content to specific consumers, and upgrade its UI.
Socrates gives people the freedom to discuss anything they choose, be it politics, sports, cryptocurrency, entertainment, history and many other topics. Within the app, users can create and respond to multiple-choice questions, providing and rating arguments in support of their answers. The total number of points in a question’s prize pool, which has risen steadily due to high user participation and is now over 1,000, are distributed after the question is closed.
Thousands of people have already signed up on Socrates, and the project looks forward to onboarding more users and giving them a chance to earn major rewards for answering multiple-choice questions, debating on issues, and contributing to the body of human knowledge. A significant aspect in stimulating meaningful discussions and new levels of participation is the ability for users to earn bigger rewards for providing important contributions and unique perspectives during serious debates. The website makes it easier for users to exchange points earned for USDT, at a ratio of 1:1.