Chomp, one of the first social consensus games, just completed 2 months of Beta launch, and by the end of the 2nd month, the users had answered 89,346 questions, which is a 24.50% increase from the first month. Among these, the community has burned 93,690,000 $BONK, whereas it has also earned 76,178 292 $BONK.
In short, Chomp offers users a fast-paced quiz and trivia experience where you can quickly get the most likely answers to a question. It’s free to play, but you’ll need to spend a small amount to reveal the correct answers. Once you do, you’ll earn rewards for accurate responses, making it both engaging and rewarding.
Gator Lab’s First Product
In an era of information overload, it’s difficult to find a trusted source to find accurate insights and data. Chomp aims to solve this problem by building a social consensus platform where anyone can ask questions and give answers.
With the available trusted sources, there’s a cost that most brands and people don’t like to pay. Chomp presents a solution to this problem and several others by gamifying the information-sourcing process. It’s a free to play game, but users must burn the native token to reveal the answers. It’s only after revealing the answer can they know the correct trend and earn $BONK.
How Does Chomp Work?
At its core, Chomp is a question answer based quiz game. The questions asked can vary between factual statements, identify verification, check red flags for projects, or analyze user sentiments (real or perceived).
This gives Chomp users a wide range of use cases. They can validate product ideas, gauge user sentiment, and do much more while encouraging community participation through rewards. This makes Chomp a Burn to Reveal and Reveal to Earn platform, earning $BONK in the process. New decks are uploaded on the app.chomp.games at 12 AM EST.
Every deck has two cards, and each card has one question with two answers. The decks represent a common group where similar questions are clubbed for a better representation and analysis. The first question is “What do you think?” about a statement or question, and the second question is about “What do you think others think about it.”
These are binary questions with yes/no, this/that response, or there may be multiple choices for each question. Consequently, the answers to each deck are not revealed immediately. Since the game is built on a social consensus mechanism, it will gather the results from all the users and then reveal the final answer.
The second question asks for an opinion and is somewhat subjective in nature. It’s a slider question, which asks the users the percentage of users who gave the correct answer to the first question.
Three Phases of Each Card
Every card goes through three phases;
- Live: Users can chomp on live cards or give answers. Each card is live for a limited amount of time, and once a user opens a card, they have 60 seconds to respond. Usually, each deck (of 2 cards) is live for 24 hours, but it can also extend to 3 to 5 days.
- Ready for Reveal: With the deadline to chomp over, the cards move to the Ready to Reveal phase. In this phase, users can no longer lodge their responses. Interestingly, the card will remain in the Reveal phase until and unless a user asks for the answer. For each Reveal, the users must burn 5000 $BONK.
- Revealed: The users are eligible to receive a reward depending on the answer of the card. Both the right responses bring 10,000 $BONK, and two wrong answers won’t generate any return. One right answer will bring 5000 $BONK.
Ways to Earn Rewards on Chomp
Chomp provides two ways for the community to earn rewards: one is with the in-game token, $BONK, and the other is by winning points. The $BONK token comes from BonkDAO, which has given 10 billion $BONK tokens to Chomp after passing a Governance proposal.
To begin earning, users must first connect their wallet with the game and add $SOL and $BONK to the Chomp wallet. Chomp’s algorithm determines the correctness of the answers and consequently decides who gets the reward.
The answer to the first question is in binary terms. But it’s the second answer that takes a more granular approach. Interestingly, the correct answer to the second question is only assessed from the percentage of users who gave the first answer correctly. Here, as well, there’s an error of margin applicable. So, if the user slides the answer to 50% but the precise answer is 52%, they will still get the reward.
The second type of reward comes in the form of points. In-game actions like submitting cards, chomping cards, chomping decks, revealing a card, and getting the right answers to each card. The number of points earned through each action is fixed (see the image below). The developers will continue to do more in-game actions that will earn incentives.
Chomp aims to use the wisdom of the crowd and channel it to let businesses and individuals make community-centric decisions. Given the nature of questions and answers, the development team at Chomp still observes some level of ambiguity. They propose to solve this ambiguity by launching Reputation Scores and Accuracy Scores post-beta. This will further augment Chomp’s capability to handle subjective question answers and predictive scenarios. Moreover, the Chomp community will also transition to $GATOR from the existing $BONK.
To get started with Chomp, you’ll need a Solana-compatible wallet, or you can log in using your email. While playing is free, revealing answers and earning rewards requires some $SOL for network fees and $BONK for revealing answers. Simply fund your wallet with $SOL, swap for $BONK on a DEX like Orca, and transfer both to your in-app Chomp wallet. Once set up, you’re ready to play and start earning rewards!
