On Socrates, we have always been committed to encouraging user engagement, facilitating the expression of diverse viewpoints and fostering rich discussions in the web3 space. The Reason Prize represents a significant step toward our goal of promoting profound and critical thinking in our community. It incentivises users to not only make choices but also to articulate their perspectives and provide reasoning behind their voting decisions. This unique approach encourages participants to delve deeper into their thoughts, engage in constructive debates, and contribute meaningfully to discussions on the platform.
Allocation of the Reason Prize
The principles for allocating the Reason Prize are straightforward: If a user’s reason, by the time the question concludes, ranks among the top 5 in terms of the amount of likes, the creator of that reason can share from the Reason Prize pool. This means that users’ viewpoints and reasoning will be widely acknowledged and agreed with by other users, giving the potential for rewards.
It’s important to note that the total prize pool is not evenly distributed among the top five reason creators. Instead, it is allocated based on the total earning coefficients of the Pioneer and NFT Genesis Pens used by the reason creator. Each reason creator’s earning coefficient is calculated in proportion to the sum of all 5 creator’s earning coefficient, defining the distribution ratio.
Coefficient of Pen as below:
Pioneer Pen Level 1: 1 ; Pioneer Pen Level 2: 11;Pioneer Pen Level 3: 36; Genesis Pen Level 1: 40
e.g. The total earning coefficient of the top 5 reason creators is 30. The earning coefficient of user A, as one of the top 5 reason creators, is 3. The prize pool for the Reason Prize is 20. Then user A can get 20*3/30 = 2 points
The Reason Prize is available for any question, whether common or trending. This inclusivity reinforces our belief that by rewarding users for their thoughtful discourse and compelling reasons, we can create a more vibrant and dynamic community that encourages in-depth discussions on a wide range of subjects.
Start debating now!
In conclusion, the Reason Prize represents a pivotal step in our ongoing efforts to enrich discussions. Your contributions, viewpoints, and thoughtful reasoning are the driving forces behind our quest to ignite profound thinking and foster meaningful debates. Embrace this opportunity to be a part of our journey towards a more intellectually stimulating and inclusive community. Don’t wait any longer — join us today and endeavour to receive the Reason Prize!
In our next article, we will introduce the Likes Prize, available to users that show their support by liking these reasons. Stay tuned for the latest updates and don’t forget to follow our Medium for more exciting content ahead!
Head to Socrates.com now!
Sign up with the invitation code 8kbe8hsq or use the invitation Link
