London, United Kingdom, January eleventh, 2024, Chainwire
Socrates, the primary SocialFi Debate-to-Earn platform, proclaims a transformative improve with the launch of the Pioneer Pen on January eleventh, 2024. This important improvement shifts present ERC-1155 SBT Pens to the ERC-721 Pioneer Pens, bringing the individuality and tradability of NFTs to the forefront, which at the moment are tradable on the in-app buying and selling market. This initiative is a part of Socrates’ technique to create a complete 360° on the spot rewards ecosystem, encouraging lively consumer engagement by means of varied platform interactions and participation within the ongoing SOC airdrop competitors.
On January eleventh, Socrates is ready to rework its neighborhood engagement mannequin by upgrading all present SBT Pens to the revolutionary Pioneer Pen, an NFT based mostly on the ERC-721 normal. This transfer signifies a shift from the present ERC-1155 normal, embracing NFTs’ uniqueness and tradeability. Every Pioneer Pen is designed to be as distinctive as its proprietor, encouraging customers to forge new ideas and specific particular person insights. From January twelfth, 2024, these Pens can now be purchased and traded on the Socrates in-app buying and selling market.
“This improve to Pioneer Pens marks a pivotal second in our journey in the direction of creating an interactive and rewarding ecosystem,” expressed Lottie Wells, Global PR & Communications at Socrates DAO, with genuine enthusiasm. “Our shift to the Pioneer Pen is all about enhancing the consumer expertise, the place customers can interact in actions to reinforce their Pioneer Pens with completely different attributes. The Pioneer Pens will probably be a instrument for empowerment; every Pen is a mirrored image of its proprietor’s id and mind on our platform, providing a brand new degree of personalisation and engagement within the SocialFi house.”
What is a Pioneer Pen?
Pioneer Pens are more than just keys to the game; they are carefully crafted tools that open up a world of possibilities, enhancing the gaming experience with richer and more varied ways to engage. Like the original SBT Pens, Pioneer Pens are categorized into three levels – Introductory, Intermediate, and Advanced. Each level carries distinct voting coefficients (the number of votes per cast) and reward coefficients (the distribution ratio of bonuses), and higher-level pens offer greater benefits. However, unlike their ERC-1155 standard-based and non-tradable SBT Pen, Pioneer Pens are tradable, and each Pen boasts unique attributes. Users can enhance these attributes through various platform interactions, augmenting the Pens’ intrinsic value.
This shift provides flexibility and lays the foundation for future enhancements, promising additional functionalities and attributes integrated into Pioneer Pens. Users can craft unique Debate-to-Earn strategies by leveraging the distinctive features of their Pen or combine Pens at same/different level in various ways. Simultaneously, through various interactions on the platform, they can continually improve their pens with additional attributes, giving them even more value.
Tradable and upgradable Pioneer Pens
Pioneer Pens will all be different, determined by level, attributes, and functionalities. Users can actively influence Pen’s uniqueness and scarcity through participation in platform activities. In the future, users can also engage in different activities to shape their Pen, providing additional privileges.
There are currently two ways to obtain the Pioneer Pen
- Replacement: Existing users who already hold an SBT Pen on Socrates will automatically receive a Pioneer Pen airdropped to their wallet address, according to the level, and the user will not need to take any action
- Platform purchase & trade: Users can buy and sell rare Pioneer Pens of different levels on the in-app trading feature
Beyond Points and Pens
This announcement is part of a series of initiatives by Socrates to establish a 360° instant rewards ecosystem. Users can earn rewards through various interactions on the platform, such as voting, commenting, liking, posing multiple-choice questions, and showing support. On January 13th 2024, Socrates is excited to introduce the Pop Quiz feature, where users can engage with others’ questions that are live for a brief 30-minute window. The correct answer (decided by the question creator) is revealed instantly; if correct, the participant instantly wins the prize, and the question closes, but if incorrect, the question creator receives the participants’ points.
The Pioneer Pen experience transcends conventional gaming tools. Users are encouraged to explore new dimensions of gameplay, express distinctive perspectives, and strategize within the Socratic landscape.
This shift towards Pioneer Pens introduces a more diverse, 360° rewards model, complementing the existing question-and-answer reward mechanism by incorporating the intrinsic value of the Pens.
About Socrates
Socrates is a global web3 social media and entertainment platform based on blockchain, where users earn rewards by participating in multiple-choice Q&As, debating, and sharing knowledge. Combining the best of SocialFi and GameFi, the organization aims to pioneer a new era of dialogue and knowledge beyond borders, empowering and rewarding individuals to share their vision and shape the future through diverse perspectives.
With social media and mainstream media currently directing human thoughts, Socrates inspires individuals to think freely about issues and combats misinformation. The platform features an innovative and intuitive user interface, allowing anyone to openly debate and discuss any topic, ranging from politics to sports and entertainment. Users can create multiple-choice questions in-app, allowing others to interact by voting, giving reasons, and liking comments.
Integral to Socrates’ mission, they’re dedicated to providing a space for people to voice their honest opinions, presenting unique perspectives in a streamlined format. The platform has also created an incentivized ecosystem where any interaction requires contributing to the question’s prize pool, with potential rewards being distributed once the question has closed. Valuable contributions and more popular ‘trending’ questions may offer larger rewards, ensuring users initiate or contribute to the dialogues that matter.
Utilizing decentralized blockchain technology, users can access the platform by linking their non-custodial wallet and using crypto. With a focus on transparency, safety, and security, the community will benefit from web3’s unparalleled privacy features and spam reduction.
Socrates is a global organization with a unique decentralized model that places its members at the core. With many members from leading fintech, web3, and crypto companies, the company has considerable plans for expansion. It is dedicated to allowing everyone to share their opinions without constraint, fostering a community-driven platform that transcends geographical boundaries.
Learn more at socrates.com.
Customers can be part of the Socrates neighborhood on-line app.socrates.com or obtain the app on Google Play and Testflight.
PR Government, Marco Lucchesini, EAK Digital, [email protected]
