Announcement of Socrates Product Upgrade and Management of Issued Assets

Dear Socrates users,

We truly appreciate your unwavering support and trust in the Socrates platform. Since the creation of Socrates, we have been committed to providing innovative, fair, and engaging digital asset experiences. Through continuous development and iteration, we have maintained high standards for product quality and user experience.

Recently, based on in-depth analysis of the market environment, community feedback, and our development plans, we have decided to undertake a major upgrade of our products and brand, involving a series of changes and optimisations to existing issued assets and gameplay. We’re fairly confident that these changes will improve the user experience, make the product more competitive, and enable Socrates to better adapt to industry trends, ultimately attracting more users to engage critically on the Socrates platform.

Changes:

1. The Socrates platform will undergo a comprehensive brand upgrade and product adjustments. We are expected to unveil the new brand and platform in June.
2. The existing Socrates platform will officially terminate its services and be removed from App stores at 2024–04–30 00:00 (UTC +0).
3. Regarding the points earned within the Socrates App, they can be redeemed at a ratio of 1:1 for USDT before the service is terminated. Points will no longer be supported for redemption after the service is terminated.
4. Users holding assets such as SOCs, Pioneer Pens, and Genesis Pens in the Socrates wallet are advised to back up and store your private keys and seed phrases in a secure place. After the service is terminated, the product will no longer support the export of private keys and seed phrases.

Implementation Plan for Adjustments to Issued NFT Assets:

Regarding the issued NFT assets, we are formulating an NFT asset scheme that better aligns with the AI&Web 3 era and the interests of all platform users. Please stay tuned for our latest updates.

Follow-up Measures:

• User support: To assist users in smoothly transitioning to the new gameplay, we will announce specific measures and provide support later, involving instructional documents, AMAs, and more.
• Feedback collection: We highly value the voices of our community and welcome everyone to provide valuable feedback and suggestions through [feedback channels, such as community forums and official email (support@socrates.com)] during this period.

Changes have always been accompanied by challenges. We firmly believe that these changes will bring long-term benefits to the Socrates platform and all our community users who believe in us, enabling us to provide better services and experiences. We look forward to embarking on this journey of changes together with you to create a better future. Once again, we thank you for your understanding, support, and companionship. If you have any questions, please do not hesitate to contact us.

All the aforementioned changes will officially take effect from the date of this announcement. We kindly ask all users to take note of the relevant timeframes and to follow the official Socrates Twitter accounts in both English and Chinese: @Socrates_global, @Socrates_CN, as well as the community channels for future announcements. Please manage your personal assets accordingly in a timely manner.

Stay tuned for a brand new Socrates!

Socrates Team

Click to read the Chinese version.