As the Socrates community grows each day, your valuable feedback continues to drive our platform’s evolution within web3. We’ve been listening to your insights, taking notes, and putting our best efforts into implementing changes that bring your Socrates experience to the next level. We recently introduced our already popular referral program, and this week, we’re unveiling even more remarkable updates.
Transparent voting rate
To encourage active participation in debates and discussions, we have now reduced the limit for when users can view who has voted for what options to a question. Now, users can see the vote percentages for options once the question has reached a total of 20 vote participants, which was previously 100. This change allows users to access vote percentages before casting their votes, making the debate process more engaging and transparent from an early stage.
Discussion Prize logic enhancements
We’ve implemented significant adjustments to the Discussion Prize logic, enhancing the fairness and competitiveness of our platform. The distribution of the Discussion Prize is organised into three distinct calculation stages (more details available in our whitepaper and this blog post), and we have now reduced the number of participants in the initial pre-stage from 100 to 20, and changed the conditions in which you can win the award.
In the pre-stage, the first 20 participants hold a crucial role and have a chance to earn a larger reward if they select the most popular answer (with the highest overall votes) by the time the question closes. Should any of these initial participants change their selected option, that user will not be eligible for the prize in the pre-stage, and those ranked 21st and beyond will not move up in the user voting order ranking.
To illustrate, consider a scenario where a user is the 18th voter but changes their vote after the 25th voter has cast their vote. In this case, the user misses out on winning in the pre-stage. The 25th voter maintains their 25th position and does not move up to 24th. As a result, this adjustment may introduce gaps in the pre-stage rankings.
Nevertheless, these changes are designed to foster a more equitable and competitive environment for users actively engaged in debates on our platform, and discourage users from changing their answers after being influenced by others.
Customisable points for voting
When a question creator initiates a question, they now have the flexibility to customise the voting points required for voting, liking, and providing reasons for answers. The number of points required falls within a specific range, determined by what Pioneer Pen or NFT Genesis Pens the question creator owns. Latest range please find in our whitepaper.
For example, if a Level 2 Pen holder chooses 0.5 points consumption when creating a question, all participants engaging with the question, such as answering, liking, or providing reasons, will consume 0.5 points (the cost for replying to another reason doesn’t change).
This design empowers the creators to determine the value of their questions, giving users the freedom to choose how they can make their questions more attractive. Creators can specify a higher value range to attract users willing to spend more points, thereby increasing the overall prize pool. Alternatively, they can opt for a lower entry threshold to attract a wider audience, fostering larger prize pools. On the Home and Discover pages, we’ve introduced a sorting mechanism based on voting points, making it easier for users to choose what questions they’d like to see and interact with.
Don’t hesitate any longer! Begin utilising our new features right away! Head to Socrates.com now!
Sign up with the invitation code 8kbe8hsq or use the invitation Link
