Unleash your earning potential: a guide to mastering how to earn prize options on Socrates

4 min readNov 24, 2023

Get ready to unlock your earning potential on Socrates’ dynamic platform! In this comprehensive guide, we’ll explore five exciting opportunities designed to enhance your contributions: the Creator Prize, Support Prize, Discussion Prize, Reason Prize, and Likes Prize. Each prize offers a unique way to engage with our dynamic web3 community and earn rewards. Plus, here’s a key highlight: points earned from these prize pools can easily be redeemed at a 1:1 ratio for USDT. Ready to dive in and discover the benefits? Let’s explore each prize in detail.

Where’s the source of the prize pool and how can it be allocated?

Within our platform, the prize pool for each question is sourced from various contributions, creating a dynamic ecosystem for earning. This encompasses contributions from question creation, voting, liking reasons, writing reasons, writing replies, and more, and varies for common and trending questions. Points in the pool are distributed when a question ends. Notably, question creators can claim 5% of the total points awarded to users who successfully earn a prize from their question’s prize pool. Question creators can get additional points once question become trending.

Let’s explore the distribution percentages for the prize pool of common questions:

Discussion Prize: 95%

Likes Prize: 0%(Temporarily suspend. Under maintenance )

Reason Prize: 5%

For trending questions, the distribution percentages are as follows:

Discussion Prize: 91%

Likes Prize: 0% (Temporarily suspend. Under maintenance )

Reason Prize: 4%

Support Prize: 5%

Now, let’s dive into the details of each prize pool, guiding you on how to navigate and maximise your rewards on our thriving platform.

Discussion Prize: vote and earn

Participate in answering questions, and you have the opportunity to earn a share of the Discussion Prize. This prize is divided into three stages: Pre-Stage, Voting Stage, and Closing Stage, each with its own winning logic. It’s important to note that selecting the final highest rate option is not the only path to victory. The prize pool is distributed among winners, considering factors like the number of participants, when you cast the vote, voting rates when you cast the vote, and the use of NFT Genesis Pens. This system ensures that participants are rewarded for early engagement, independent thinking, and meaningful contributions to discussions.

Reason Prize: critical thinking rewarded

The Reason Prize promotes profound and critical thinking by rewarding users for articulating their perspectives and providing reasoning behind their voting decisions. The allocation of the Reason Prize is intuitive, based on the likes received for a user’s reason, with the top five reason creators sharing the prize pool. Both common and trending questions feature the Reason Prize. Earning coefficients, determined by the use of Pioneer Pen and NFT Genesis Pens, play a crucial role in the distribution of rewards, reflecting the unique value of each participant’s contribution.

Likes Prize: promoting meaningful engagement

Similar to the Discussion Prize, the Likes Prize encourages meaningful engagement by rewarding users for liking other people’s reasons given to support the option they voted for. The prize calculation is divided into three stages: Pre-Stage, Voting Stage, and Closing Stage. The Mixed Voting Rate (a rate that combines the total number of likes and votes) determines eligibility and prize distribution. Users are encouraged to think independently, and various scenarios influence the prize amount, rewarding thoughtful engagement and judgement. Please note, this Prize is temporarily suspended whilst under maintenance.

Support Prize (for trending questions only): empower questions, earn your share

The Support Prize empowers you to boost questions by providing support. Your contribution enhances a question’s popularity, increasing its chances of becoming trending. If a question you’ve supported achieves trending status, you qualify for a share of the Support Prize pool. Your reward is calculated based on factors such as the number of supported points, time of support, the question’s position on the Popularity Ranking, and the overall Support Prize pool. You can also use NFT Genesis Pens to support common questions, known as NFT Genesis Pen support, for even more substantial rewards.

In summary, our platform offers exciting earning opportunities through the Creator Prize, Support Prize, Discussion Prize, Reason Prize, and Likes Prize. The distribution of the prize pool is transparent and equitable, benefiting both question creators and active participants. For more details on the algorithms behind these prizes, please refer to our previous Medium articles and whitepaper:

Whether you’re boosting questions, engaging in discussions, or articulating thoughtful reasons, your contributions matter. Join us in shaping a community that values diverse perspectives, encourages critical thinking, and rewards meaningful interactions. Start earning rewards today and be an integral part of our dynamic web3 ecosystem!

Join Socrates.com today and be a part of the knowledge revolution!

Sign up with the invitation code 8kbe8hsq or use the invitation Link