Amplify voices, earn the Likes Prize — the power of liking reasons in discussions

The Likes Prize is a dynamic initiative designed to foster meaningful engagement on Socrates, a web3 social media platform. It aims to encourage users not only to make choices but also to interact with fellow participants, ultimately deepening the quality of discussions. In this blog post, we will explore the mechanics of the Likes Prize, how you can participate, the rules of the game, and the key parameters that affect your chances of earning a reward.

How to participate in the Likes Prize

Participation in the Likes Prize is open for both common and trending questions. When users vote on questions, they have the opportunity to write a reason that supports the option they voted for. Other users can express their support by liking these reasons. Those who like 1 or multiple reasons (up to 3) are eligible for the Likes Prize.

The Likes Prize rules

Mixed voting rate

The Likes Prize introduces the concept of “Mixed Voting Rate,” which combines the total number of votes for each option and the total number of likes received for reasons under that option. For example, if Option A has 5 votes and two reasons with 1 and 2 likes, respectively, the total votes and likes for Option A would be 5 + (1 + 2) = 8. In contrast, Option B has 3 votes and two reasons but only one reason received 1 like, meaning the total votes and likes for Option B would be 3 +1 = 4. Therefore, the Mixed Voting Rate for Option A is 8/(8+4) = 66%, and for Option B is 4/12 = 33%. When the question ends, a final Mixed Voting Rate is determined. Additionally, a Mixed Voting Rate is calculated at the time of user liking.

Three stages

Like the Discussion Prizes, the Likes Prize calculation period is divided into three stages, each with distinct reward allocation criteria. However, unlike the Discussion Prizes, the Likes Prize considers both likes and votes.

• Stage 1 Pre-stage: This stage involves the first 20 valid actions (either voting or liking) on a question. Users who like a reason under the option with the highest final Mixed Voting Rate (compared to other options) at the end of the stage can earn the prize.
• Stage 2 Voting stage: Users who like a reason under an option with a lower Mixed Voting Rate at the time of liking, compared to the final Mixed Voting Rate, can earn the prize at this stage. In addition, if the final rate is within 5% lower than the rate at the time of liking, users can qualify for the prize too.
• Stage 3 Closing Stage: This final stage includes the last 10% of valid actions (voting or liking). Anyone who likes a reason under an option with a lower Mixed Voting Rate at the time of liking, compared to the final Mixed Voting Rate, can earn the prize at this stage.

For example, in a situation where a question has already received 19 votes from different individuals, if User A then proceeds to vote (the 20th valid action) and subsequently likes a reason (the 21st valid action), User A can participate only in the second stage. In other words, we consider both voting and liking to determine the stage, but only those who like the reasons have a chance to get the Likes Prize. However, if the initial 20 participants were all voters and not likers, none of the initial 20 participants would be eligible for the Likes Prize.

Other influencing factors

As the Likes Prize aims to encourage users to have their own independent viewpoints and take a serious look at the reasons behind each option, we have incorporated various parameters into calculating the prize amount rewarded. We have divided these parameters into three scenarios to promote users’ independent thinking regarding the reasons, thus emphasising the significance of in-depth discussions.

Scenario 1: When you like a reason, and both at the time of liking and in the end, the reason ranks very low (not popular with few likes compared to other reasons), it signifies that the reason has low value, and individuals that liked the reason will receive relatively few rewards from the Likes Prize.

Scenario 2: When you like a reason at a time when it ranks very low, but it later rises in ranking, it indicates that the user has discernment. In other words, this signifies your ability to identify a good reason that was initially overlooked by other users, whilst predicting that it is likely to gain more likes in the future. As a result, you can receive higher rewards.

Scenario 3: When you like a reason at a time when it ranks very high, but it later ends up either very high or very low in ranking (i.e. compared to other reasons, now the amount of likes for the reason is relatively low), it suggests that the user is merely following the crowd or misjudged the reason preferred by the majority, resulting in them receiving fewer rewards.

In summary, the Likes Prize encourages users to read others’ reasons, deepen discussions, and think independently rather than blindly follow popular choices; it’s a chance to be rewarded for your thoughtful engagement and judgment. The Likes Prize is a unique feature on Socrates that not only promotes interaction but also celebrates critical thinking and independent viewpoints. By participating in the Likes Prize, you contribute to a more engaging and thought-provoking community, so don’t miss the opportunity to earn by simply voting or liking — join us in shaping a platform that values depth and diversity in discussions.

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