Socrates, a global web3 social media platform rewarding users for debating, has launched an Influencer Accelerator Program to drive user engagement and community-building on the platform. The 3 million USDT fund goes live on 21st December, open to all web3 influencers regardless of following. On the same night, Socrates will host four events worldwide in London, Mexico City, Hong Kong and Buenos Aires to celebrate the recent launch of the app and distribution of the fund.
Socrates: Shaping Web3 Social Media with Rewarding Q&As
In the dynamic landscape of web3 social media, Socrates has emerged as a leading platform, sparking passionate discussions within the GameFi and SocialFi domains. Users can participate in multiple-choice Q&As, debating and sharing knowledge, including a unique incentivised ecosystem, where any interaction requires contributing to the question’s prize pool. Potential rewards* are then distributed once the question has closed, having already seen question prize pools amassing over 10,000 USDT* and creators earning nearly 1000 USDT just by asking a question.
Since its global launch in November, Socrates has become the go-to space for web3 users and key industry leaders to share their points of view and form like-minded communities, and the company now calls on influencers to unlock the thrilling potential of the platform for Play-to-Earn incentives.
Socrates’ Genesis Airdrop
Socrates is also excited to announce its Genesis Airdrop scheduled for December 18th, 2023, at 9am UTC. This event marks a significant milestone in rewarding the early adopters and contributors who have been instrumental in the platform’s growth since its launch last month. The airdrop will distribute a total of 100,000 tokens, with allocations of 10% to NFT Pen holders, 20% to active content creators, and the remaining 70% to early product supporters. The eligibility snapshot will be captured on December 16th, 2023, at 23:59 UTC. With this airdrop, Socrates aims to thank its users for their diverse and insightful contributions while looking forward to more such rewarding opportunities in the future.
Socrates’ 3M USDT Influencer Program
In a groundbreaking move, Socrates has recently introduced the 3 million USDT Influencer Accelerator Program. It’s not just a fund; it’s an invitation for influencers to dive into the hottest spot in the web3 universe where they can spark debates and take back substantial rewards.
To show Socrates support for selected influencers, Socrates will inject 3 million USDT* into questions created by selected influencers from the 21st December. This injection is poised to create a global buzz, emphasising the platform’s commitment to recognising and rewarding influential voices. The amount injected will be determined depending on their influence, where both influencers and users can earn a share of the 3 million USDT*.
Socrates’ Reward Syste
On the Socrates platform, everyone has the chance to earn rewards by posing questions, providing answers, and engaging in various interactions. Both influencers and platform users can benefit from the large prize pools created by the 3 million USDT injection, where selected influencers will secure guaranteed rewards by simply posing questions.
For influencers, benefits include:
As question creators, they are guaranteed a minimum of 5% share of the total points awarded to prize winners from question’s prize pool, including the points injected, known as the Question Creator Prize. If their question goes trending, they can also receive an additional trending bonusLeveraging the global reputation of Socrates to nurture and expand their communities, amplifying their online presence and growing awarenessLearning important strategies for effectively utilising Socrates and interacting to maximise their chances of earning rewards
For everyday Socrates’ users can also benefit by keeping a watchful eye on the questions posted by influencers on the platform in the coming weeks:
By actively engaging with influencer’s questions, users stand the chance to earn significant rewards from the question’s large prize pools
Ｗho Can Join and How?
The program is open to all web3 influencers with a strong community and following, a good understanding of the SocialFi and GameFi spaces, and who think they can make an impact on our platform.
influencers looking to be a part of this unprecedented opportunity can now submit their applications through the application form as soon as possible. Selected influencers are required to attend vital training sessions, enabling them to capture public attention through intriguing questions and answers and leveraging Socrates’ unique product features.
Double Celebration: Offline Events Across the Globe
In addition to the launch of the fund, four events in London, Mexico City, Hong Kong and Buenos Aires will turn the 21st December into a double celebration, honouring the recent launch of the Socrates app last month. The offline events are set to welcome an impressive guest list, featuring web3 industry leaders, Socrates’ 200+ employees, key partners, and influencers. Attendees can anticipate product demonstrations, live music, on-stage debates, and more, with an exclusive announcement set to be revealed on the night. The London event will also be livestreamed globally for everyone to experience the celebration.

Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a Dec. 12 announcement.
The new wallet will allow users to generate a set of seed words using just their fingerprints or a facial scan. It will not require users to store these seed words or remember them. Instead, users will be able to reimport the wallet’s accounts by undergoing the biometric scan a second time, Concordium representatives told Cointelegraph.
The wallet is still in an early stage of development, and the two respective teams refer to it as a “proof of technology” rather than a full-fledged wallet. Once finished, it will employ Hitachi’s Public Biometric Infrastructure (PBI) and Concordium network’s self-sovereign identity framework to create biometric-based accounts.
In a conversation with Cointelegraph, Concordium head of commercial Torben Kaaber and technical adviser Torben Pryds Pederson gave further project details.
According to Pederson, a biometric wallet may be especially useful for the Concordium network because the network requires users to go through an “ID process” before creating an account. This ID process prevents malicious activity on the network, such as hacks and rug pulls. This makes preserving the user’s access to their ID especially important compared to other networks. However, Pederson also stated that biometric wallets could “in principle” be applied to any blockchain in the future, not just the Concordium network.
Users can unlock their wallets either by regenerating the seed words via a biometric scan or by decrypting a copy of their seed words using a key derived from the scan. Either way, an attacker will generally not be able to access the user’s account without somehow possessing the user’s face or fingerprint.
If the user loses their device, they can import their wallet into another device by undergoing the scan on the new device. Thus, users will no longer need to store copies of seed words, Kaaber and Pederson stated.
In an explanatory blog post published on March 25, 2022, Hitachi claimed that its team faced several challenges when developing the PBI. Biometric data is “fuzzy,” it claimed. Two different face or fingerprint scans never produce the exact same data, even if they are of the same person.
To fix this problem, the team used “fuzzy key generation and special error correction technology” to “extract feature vectors” of scans. This allowed Hitachi to train the software to distinguish between scans of two different people vs. two unique scans of the same person.
Most crypto wallets require users to store seed words as a backup in case their device crashes. If they lose this backup, they generally lose access to their account and any funds held within it. This has long been recognized as a roadblock that may be preventing the mass adoption of crypto.
The Hitachi and Concordium biometric wallet is one proposal to fix this problem, while multiparty-computation wallets and magic links represent two other options.