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 growth shifts current 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° prompt rewards ecosystem, encouraging lively person engagement by way of varied platform interactions and participation within the ongoing SOC airdrop competitors.
On January eleventh, Socrates is about to rework its neighborhood engagement mannequin by upgrading all current SBT Pens to the modern Pioneer Pen, an NFT primarily based on the ERC-721 commonplace. This transfer signifies a shift from the present ERC-1155 commonplace, 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 direction of creating an interactive and rewarding ecosystem,” expressed Lottie Wells, International PR & Communications at Socrates DAO, with real enthusiasm. “Our shift to the Pioneer Pen is all about enhancing the person expertise, the place customers can have interaction in actions to reinforce their Pioneer Pens with completely different attributes. The Pioneer Pens can be a software for empowerment; every Pen is a mirrored image of its proprietor’s identification and mind on our platform, providing a brand new degree of personalisation and engagement within the SocialFi house.”
What’s a Pioneer Pen?
Pioneer Pens are extra than simply keys to the sport; they’re rigorously crafted instruments that open up a world of prospects, enhancing the gaming expertise with richer and extra different methods to have interaction. Like the unique SBT Pens, Pioneer Pens are categorized into three ranges – Introductory, Intermediate, and Superior. Every degree carries distinct voting coefficients (the variety of votes per forged) and reward coefficients (the distribution ratio of bonuses), and higher-level pens provide higher advantages. Nevertheless, in contrast to their ERC-1155 standard-based and non-tradable SBT Pen, Pioneer Pens are tradable, and every Pen boasts distinctive attributes. Customers can improve these attributes by way of varied platform interactions, augmenting the Pens’ intrinsic worth.
This shift gives flexibility and lays the inspiration for future enhancements, promising extra functionalities and attributes built-in into Pioneer Pens. Customers can craft distinctive Debate-to-Earn methods by leveraging the distinctive options of their Pen or mix Pens at identical/completely different degree in varied methods. Concurrently, by way of varied interactions on the platform, they will frequently enhance their pens with extra attributes, giving them much more worth.
Tradable and upgradable Pioneer Pens
Pioneer Pens will all be completely different, decided by degree, attributes, and functionalities. Customers can actively affect Pen’s uniqueness and shortage by way of participation in platform actions. Sooner or later, customers may also have interaction in several actions to form their Pen, offering extra privileges.
There are at present two methods to acquire the Pioneer Pen
- Substitute: Present customers who already maintain an SBT Pen on Socrates will robotically obtain a Pioneer Pen airdropped to their pockets tackle, in response to the extent, and the person won’t must take any motion
- Platform buy & commerce: Customers can purchase and promote uncommon Pioneer Pens of various ranges on the in-app buying and selling function
Past Factors and Pens
This announcement is a part of a sequence of initiatives by Socrates to determine a 360° prompt rewards ecosystem. Customers can earn rewards by way of varied interactions on the platform, akin to voting, commenting, liking, posing multiple-choice questions, and displaying help. On January thirteenth 2024, Socrates is happy to introduce the Pop Quiz function, the place customers can have interaction with others’ questions which can be dwell for a quick 30-minute window. The right reply (determined by the query creator) is revealed immediately; if appropriate, the participant immediately wins the prize, and the query closes, but when incorrect, the query creator receives the contributors’ factors.
The Pioneer Pen expertise transcends typical gaming instruments. Customers are inspired to discover new dimensions of gameplay, specific distinctive views, and strategize inside the Socratic panorama.
This shift in direction of Pioneer Pens introduces a extra various, 360° rewards mannequin, complementing the prevailing question-and-answer reward mechanism by incorporating the intrinsic worth of the Pens.
About Socrates
Socrates is a worldwide web3 social media and leisure platform primarily based on blockchain, the place customers earn rewards by taking part in multiple-choice Q&As, debating, and sharing information. Combining one of the best of SocialFi and GameFi, the group goals to pioneer a brand new period of dialogue and information past borders, empowering and rewarding people to share their imaginative and prescient and form the long run by way of various views.
With social media and mainstream media at present directing human ideas, Socrates evokes people to assume freely about points and combats misinformation. The platform options an modern and intuitive person interface, permitting anybody to brazenly debate and focus on any matter, starting from politics to sports activities and leisure. Customers can create multiple-choice questions in-app, permitting others to work together by voting, giving causes, and liking feedback.
Integral to Socrates’ mission, they’re devoted to offering an area for individuals to voice their sincere opinions, presenting distinctive views in a streamlined format. The platform has additionally created an incentivized ecosystem the place any interplay requires contributing to the query’s prize pool, with potential rewards being distributed as soon as the query has closed. Useful contributions and extra fashionable ‘trending’ questions might provide bigger rewards, making certain customers provoke or contribute to the dialogues that matter.
Using decentralized blockchain know-how, customers can entry the platform by linking their non-custodial pockets and utilizing crypto. With a concentrate on transparency, security, and safety, the neighborhood will profit from web3’s unparalleled privateness options and spam discount.
Socrates is a worldwide group with a singular decentralized mannequin that locations its members on the core. With many members from main fintech, web3, and crypto firms, the corporate has appreciable plans for enlargement. It’s devoted to permitting everybody to share their opinions with out constraint, fostering a community-driven platform that transcends geographical boundaries.
Study extra at socrates.com.
Customers can be a 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]