CHOMP

How to Participate in Chomp: Step-by-Step Guide

1. Visit the official Chomp website
2. Connect your Solana wallet to the platform
3. Create an account by following the on-screen instructions
4. Purchase credits using SOL (each credit costs 0.0005 SOL) or try the free version. If you don’t have Solana, you can get them on Binance.
5. Navigate to the “Decks” section to see available question sets

Playing the Game

6. Select a deck of questions you want to answer
7. For each question, you’ll have one minute to provide two answers:
   • First-order question: What you personally think is correct
   • Second-order question: What you think other participants will choose
8. Complete the entire deck within the allocated time
9. Wait for the reveal period (typically a few hours) when results are published
10. Visit the “Rewards” section to claim your BONK tokens and credit returns based on your performance

Maximizing Your Rewards

11. Play consistently to build a streak and earn bonus rewards
12. Focus on understanding both the factual answers and community sentiment
13. Review past results to improve your prediction accuracy
14. Pay attention to the types of questions where you perform best
15. Participate in multiple decks to increase your earning opportunities

Understanding Chomp’s Mechanics

Credits System

Credits are the entry tickets for playing question decks on Chomp. Here’s what you need to know:

• Credits can be purchased with SOL (1 credit = 0.0005 SOL)
• You can earn credits back by answering questions correctly
• Some free options might be available for new users to try the platform
• Credits are separate from the BONK rewards you can earn

Reputation and Accuracy

Chomp tracks two key metrics that may impact your standing:

• Reputation: Built over time through consistent participation
• Accuracy Score: Measures how well you predict both correct answers and crowd consensus

These metrics likely contribute to your overall ranking and could potentially influence future reward distributions or airdrop eligibility.

Frequently Asked Questions

What makes Chomp different from other prediction markets?

Chomp combines elements of prediction markets with social consensus games. Unlike traditional prediction markets that focus solely on outcomes, Chomp rewards users for predicting both correct answers and what other users will choose, creating a unique two-layer prediction system.

How do I earn BONK tokens on Chomp?

You earn BONK by accurately predicting what other users will select as answers. The closer your prediction is to the actual distribution of responses, the more BONK you can earn. Additionally, correctly answering first-order questions allows you to recover your credits.

Is there a minimum amount of SOL needed to start?

The minimum depends on how many credits you want to purchase. With each credit costing 0.0005 SOL, you can start with a very small amount. You can buy credits based on how many decks you plan to participate in.

What happens if I miss a day in my streak?

If you miss a day, your streak will reset, and you’ll need to start building it again. However, this doesn’t affect your overall reputation score significantly as long as you return to regular participation.

Are there any risks involved?

The primary risk is the SOL spent on purchasing credits. However, this is mitigated by the ability to earn credits back through correct answers and potentially profit through BONK rewards. As with any blockchain activity, ensure you’re using trusted wallet connections and verify the official Chomp website.

Conclusion

Chomp offers an engaging way to earn BONK tokens while participating in an innovative social consensus game. By correctly answering questions and accurately predicting crowd responses, users can earn rewards while potentially positioning themselves for a future token airdrop.

The platform has gained significant recognition in the Solana ecosystem, winning competitions and securing grants that suggest a promising trajectory. With its unique approach to information markets and community consensus, Chomp represents an interesting opportunity for those looking to engage with new projects in the blockchain space.