Socrates to unveil social networking and education platform for Web3

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Until the end of the summer, the Socrates team conducted extensive testing. Now the testing has entered its final phase. This is announced in the official press release of the service. Open access for all users will be available on September 12. We tell you about the features of the project and how to become a participant.

“Having received amazingly positive feedback from users around the world during testing, we are full of confidence that the launch of the Socrates platform will open a new era of openness and interaction between different cultures. We look forward to everyone being able to experience it first-hand,” commented Lottie Wells, Head of Public Relations for the Socrates project.

The platform assists participants in self-education and also acts as a platform for discussion in a social networking format. Any participation in the community can bring rewards. For example, the tools include multiple-choice questions and answers. Users can be rewarded for their answer choices. Customers also have the right to create question posts on topics ranging from politics and science to sports and entertainment. The main goal of the project is to create a platform for instant information sharing and a more global understanding of current topics.

Web3-sphere helps to communicate without regard to geographical boundaries. Users from anywhere in the world have access to a single space to debate, develop and express their opinions. This has become the legacy of the Web 2.0 sphere. Web3 helps to utilize resources to communicate on a new level and get rewards for participation. The concept of monetizing social activity is called SocialFi. The features of the platform are noted in the table.

PATTERNS.	DESCRIPTION
Intuitive user interface	It includes easy navigation through the website and mobile app. Authorization with an email address or crypto wallet is implemented.
Foundation based on blockchain technology	The service is deployed on the Polygon network. This allows users to earn rewards, which in turn can be exchanged for USDT.
An overview of the diverse viewpoints	It uses a ranking system by the users themselves. This helps reduce spam and makes high quality content more valuable.
Incentive model	Every user interaction in the Q&A contributes to the prize pool of the question asked. Once the survey is completed, the rewards are distributed to the participants.
Decentralized structure	It has more than 150 members, including experts from fintech, Web3, social media and crypto industry.
Mobile app	The team will open access to the platform in two formats – a Web3 service for access from a computer or laptop, and a version for Android smartphones. An iOS version will be introduced at a later date.

Social media in 2023 is driving trends in the collective thinking of users. Socrates aims to create an alternative to artificial intelligence technology and avoid the generalized responses of computer neuromodels. The team aims to combine the best tools from SocialFi and GameFi. Web3 technology helps to stimulate private research and social interaction.

Globally, it provides freedom of speech, combating misinformation, and a safe environment for expression.

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The multiple choice question and answer format was the service’s first tool. Its principle is that in users ask each other questions. At first, all of them get the status of “general”. They are published for a period of 1 to 10 days. If the question becomes popular, the prize fund will increase. Whether a shared question becomes trending depends on the number of interactions with the post. There is also an option to give likes to content. The top 50 questions are placed in a “queue”. A team of moderators determines future trending questions from among them.

The Socrates team is focused not only on the value of the project idea, but also on the security of the service. Transparent and reliable structure is realized with the help of innovative blockchain technology in Polygon – one of the popular crypto networks.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.