Chomp, one of the first social consensus games, just finished 2 months of Beta launch, and by the end of 2. month users had answered 89,346 questions, which is an increase of 24.50% 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 quick quiz and trivia experience where you can quickly get the most likely answers to a question. It’s free to play, but you need to spend a small amount to reveal the correct answers. When you do, you’ll earn rewards for accurate answers, making it both engaging and rewarding.
Gator Labs first product
In an age of information overload, it is difficult to find a reliable source to find accurate insights and data. Chomp aims to solve this problem by building a social consensus platform where everyone can ask questions and provide answers.
With the reliable sources available, there is 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 game, but users have to burn the original token to reveal the answers. It is only after revealing the answer that they can know the real 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, identifying verification, checking red flags for projects, or analyzing user sentiment (real or perceived).
This gives Chomp users a wide variety of use cases. They can validate product ideas, measure 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 to app.chomp.games at 12 EST.
Each deck has two cards and each card has a question with two answers. The decks represent a common group where similar questions are asked for 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 other people think about it.”
These are binary questions with yes/no, this/that answers, or there may be multiple choices for each question. Consequently, the answers to each deck are not immediately revealed. Since the game is built on a social consensus mechanism, it will aggregate the results of all the users and then reveal the final answer.
The second question asks for an opinion and is somewhat subjective. It is a slider question that asks users about the percentage of users who gave the correct answer to the first question.
Three phases of each card
Each map goes through three phases;
- Live: Users can eat live cards or give answers. Each card is live for a limited amount of time, and when a user opens a card, they have 60 seconds to respond. Usually each deck (with 2 cards) is live for 24 hours, but it can also extend to 3 to 5 days.
- Ready to Reveal: With the deadline to chomp over, the cards move into the Ready to Reveal phase. At this stage, users can no longer submit their responses. Interestingly, the card remains in the reveal phase until and unless a user asks for the answer. For each Reveal, users must burn $5000 BONK.
- Revealed: Users are eligible to receive a reward depending on the answer on the card. Both correct answers will yield $10,000 BONK and two incorrect answers will generate no return. A correct answer will award $5000 BONK.
Ways to earn rewards on Chomp
Chomp gives the community two ways to earn rewards: one is with the in-game token, $BONK, and the other is by earning points. The $BONK token comes from BonkDAO, which has given 10 billion $BONK tokens to Chomp after passing a Governance proposal.
To start earning, users must first link their wallet to the game and add $SOL and $BONK to the Chomp wallet. Chomp’s algorithm determines the correctness of the answers and accordingly determines who gets the reward.
The answer to the first question is in binary terms. But it is the second answer that takes a more detailed approach. Interestingly, the correct answer to the second question is only assessed by the percentage of users who gave the first answer correctly. A margin error also applies here. So if the user slides the answer to 50%, but the exact answer is 52%, they will still get the reward.
The second type of reward comes in the form of points. Actions in the game such as submitting cards, chopping cards, chopping piles, revealing a card and getting the correct answers for each card. The number of points earned through each action is fixed (see image below). The developers will continue to perform more actions in the game 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. Due to the nature of questions and answers, the development team at Chomp still observes a degree of ambiguity. They propose to resolve this ambiguity by launching Reputation Scores and Accuracy Scores post-beta. This will further increase Chomp’s ability to handle subjective question answers and predictable scenarios. Furthermore, 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 sign in with your email. While free to play, revealing answers and earning rewards requires some $SOL for network fees and $BONK for revealing answers. Simply fund your wallet with $SOL, exchange for $BONK on a DEX like Orca, and transfer both to your in-app Chomp wallet. Once you’re set up, you’re ready to play and start earning rewards!