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Socrates Unveils 3 Million USDT Influencer Accelerator Program and Airdrop

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[PRESS RELEASE – London, United Kingdom, December 15th, 2023]

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 bonus
  • Leveraging the global reputation of Socrates to nurture and expand their communities, amplifying their online presence and growing awareness
  • Learning 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.

  • Socrates is not just a platform; it has transformed into a thriving community where influencers redefine their online identities, participate in thoughtful debates, and unlock significant rewards! Sign up for the Influence Accellerator Program now!
  • For detailed information about the 100,000 airdrop, please refer to Socrates’ Twitter account
  • Members of the public interested in live-streaming the event can view it on Socrates’ social media platforms in the evening (local time) of the respective locations.
  • Users can join the Socrates community online app.socrates.com, or download the app on Google Play and Testflight
  • Users can sign up now with the invitation code 8kbe8hsq or use the invitation link

* USDT awarded in the form of points that can be redeemed 1:1 for USDT

About Socrates

Socrates is a global web3 social media and entertainment platform based on blockchain, where users earn rewards by participating in multiple-choice Q&As, debating, and sharing knowledge. Combining the best of Social-Fi and Game-Fi, the organisation aims to pioneer a new era of dialogue and knowledge beyond borders, empowering and rewarding individuals to share their vision and shape the future through diverse perspectives.

With social media and mainstream media currently directing human thoughts, Socrates inspires individuals to think freely about issues and combats misinformation. The platform features an innovative and intuitive user interface, allowing anyone to openly debate and discuss any topic, ranging from politics to sports and entertainment. Users can create multiple-choice questions in-app, allowing others to interact by answering, giving reasons, and liking comments.

Integral to Socrates’ mission, they’re dedicated to providing a space for people to voice their honest opinions, presenting unique perspectives in a streamlined format. The platform has also created an incentivised ecosystem where any interaction requires contributing to the question’s prize pool, with potential rewards being distributed once the question has closed. Valuable contributions and more popular ‘trending’ questions may offer larger rewards, ensuring users initiate or contribute to the dialogues that matter.

Utilizing decentralized blockchain technology, users can access the platform by linking their non-custodial wallet and spending crypto. With a focus on transparency, safety, and security, the community will benefit from web3’s unparalleled privacy features and spam reduction.

Socrates is a global organisation with a unique decentralized model that places its members at the core. With many members from leading fintech, web3, and crypto companies, the company has considerable plans for expansion, and is dedicated to giving everyone the freedom to share their opinion without constraint, fostering a community-driven platform that transcends geographical boundaries.

Learn more at socrates.com.

Contact

PR Executive
Marco Lucchesini
EAK Digital
marco.lucchesini@eakdigital.com

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Cryptocurrency

Bitcoin Price Analysis: Failure to Reclaim These Levels Can Result in a Sub-$100K Correction

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Bitcoin has entered a corrective phase after tagging the $111K region, following a strong multi-week rally. While momentum has cooled, the broader structure remains intact.

The price action is showing signs of potential accumulation at support, and traders are watching closely to see if this pullback turns into a deeper correction or a fresh leg up.

Technical Analysis

By ShayanMarkets

The Daily Chart

On the daily timeframe, BTC is currently holding above the $103K region after sweeping the $101K sell-side liquidity. The previous bullish structure is still valid, and the price is likely targeting the mid-range of the ascending channel. The 100-day (orange) and 200-day (blue) moving averages are not far below, sitting at $92K and $95K, respectively, and continue to slope upward. This indicates that the long-term bullish momentum is not yet broken.

The RSI on the daily is recovering slightly from below 50, suggesting neutral momentum after days of cooling off. Until the asset breaks below the $100K–$101K range, the current drop looks like a healthy correction in an uptrend. However, failure to reclaim the $106K–$108K resistance area quickly could increase the probability of revisiting the $95K–$97K order block, and even the two moving averages.

The 4-Hour Chart

Zooming into the 4H chart, BTC wicked below the descending wedge pattern after finding strong demand near the $100K area and began a V-shaped recovery. This structure historically signals a bullish reversal, and the move back above $103K supports this case.

However, the current rally is approaching resistance again, which is the higher boundary of the pattern near the $105K mark, and the RSI is still under 50. This level could act as a temporary ceiling unless momentum strengthens.

The sharp wick below $100K looks like a textbook liquidity grab, suggesting market makers ran stops before driving the price higher. If the buyers manage to hold above the $100K base and flip the $105K–$106K area, the door reopens for a push toward $108K and possibly a new all-time high above $112K. On the other hand, a failure to do so would likely lead to more range-bound action between $101K and $106K in the coming days.

On-Chain Analysis

Exchange Reserve

The Exchange Reserve chart reveals a persistent and steep decline in the amount of Bitcoin held on centralized exchanges, now reaching a historic low at 2.3 million BTC. This trend has accelerated over the past year and continues into June 2025, despite BTC trading above $100K. In classical supply-demand terms, this represents a significant supply-side squeeze: fewer coins on exchanges mean less liquidity available for instant sale, tightening the circulating supply and amplifying the impact of even moderate demand spikes.

This behaviour reflects a strong macroeconomic undercurrent. First, institutional accumulation is likely driving much of this trend. Large entities often move coins off exchanges into custody solutions when positioning for long-term holding or to reduce counterparty risk. Second, the growing presence of spot Bitcoin ETFs and custodial platforms (like Fidelity or BlackRock) means that BTC is increasingly flowing into vehicles that don’t recycle it back onto exchanges, removing it from the liquid supply indefinitely. This dynamic creates structural illiquidity that underpins Bitcoin’s asymmetric upside.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

This Week’s Biggest Gainers and Losers as BTC Price Reclaims $105K (Weekend Watch)

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Bitcoin’s gradual ascent continued in the past 24 hours, as the asset managed to bounce above $105,000 and even challenged $106,000 briefly.

Since most altcoins are quite sluggish on a daily scale, we will examine in more detail their weekly performances, where TAO and CRO stand in one corner, while HYPE, LEO, ICP, and TRX are in the other.

BTC Above $105K

The world’s largest cryptocurrency tried to break out at the beginning of the business week from its consolidation range but was stopped at $106,000 and $106,500 on Monday and Tuesday. The following rejections drove it south to the lower boundary, but the bulls went on the offensive once again on Thursday.

However, bitcoin was stopped once again at $106,000, but this time, the correction was a lot more violent. Perhaps influenced by the ongoing spat between US President Trump and Tesla CEO Musk, BTC’s price tumbled hard and went to a multi-week low of $100,400 (on Bitstamp).

As it came close to a breakdown below the coveted $100,000 level, the situation reversed and bitcoin started to recover some ground. By Friday noon, it had rebounded to around $105,000. Slightly more volatility followed, but BTC was ultimately stopped at $106,000 yesterday and now trades around $500 lower.

Its market capitalization has risen to just shy of $2.1 trillion, while its dominance over the alts stands tall at 61.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Up and Down

The weekly scale shows that HYPE has emerged as the top gainer, having surged by almost 9%. As a result, the high-flyer now sits above $35, just less than $5 away from its recent peak. ICP follows suit with an 8% weekly increase, while LEO, TRX, and AAVE are next.

On the opposite scale are TAO (-11%), GT (-5.3%), and CRO (-5.2%). SOL, DOGE, ADA, AVAX, and SHIB are also about to close the weekly candle in the red.

The total crypto market cap has added around $30 billion since yesterday and is up to $3.410 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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Is an XRP ETF Inevitable in 2025 Following This Major Development?

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TL;DR

  • Although the US SEC continues to delay making decisions on various XRP ETF applications, the potential approval odds on Polymarket exploded in early June.
  • Perhaps the most notable reason behind this odd increase is a recent update by the US securities watchdog, which involved XRP and other altcoins.

Polymarket Odds Through the Roof

As perma-XRP bull John Squire informed recently, the chances for approval of a Ripple ETF by the end of the year had skyrocketed to 98%. Recall that the odds had dropped below 70% just a few weeks prior and recovered to 80% before the surge.

As of press time, the percentage has dropped to 88%, which is still a lot higher than the year’s average. When it comes down to a July 31 deadline, though, the odds are down to 17% and continue to get lower as the date approaches, and there are no big developments on the matter aside from SEC application delays.

The reason why odds on Polymarket are so important for future developments is the platform’s success rate. As reported earlier this year, its accuracy levels have been quite impressive, at around 90%.

Here’s Why the Odds Surged

Such an impressive pump in the approval odds from around 80% to almost 100% in a single day couldn’t be just a coincidence. In fact, it came after the SEC approved a NASDAQ crypto US settlement price index, which includes XRP, as well as other altcoins like ADA, SOL, and XLM.

According to crypto experts, this development is particularly important as it signals that these assets have solid liquidity and reliable pricing, and it removes key obstacles for spot ETF approvals.

Interestingly, the approval odds for ADA and SOL ETFs by the end of the year didn’t experience a similar surge. Moreover, the chances for Cardano are down to 42% from 70%, while those for Solana are at 79%, which is still lower than the percentages from a week ago.

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