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2. Quiz Race
Quiz Race is a gamified quiz challenge in which users create, supply, and take quizzes to earn rewards. Participants in the quiz race become the subjects of both content creation and consumption while
Quizzing has been a type of content with a consistent demand. IQ Olympiad has added the element of gamification and a reward structure to provide both entertainment and economic incentives for quiz takers. The ecosystem of the existing quiz content market is centralized by a vertical delivery process. The editor of the quiz provider selects and uploads quizzes while consumers simply take the quiz.
Quiz Race breaks away from this centralized ecosystem to create a decentralized ecosystem where users can directly produce and verify quiz contents. A sustainable reward system is required for quiz content creation and consumption. Quiz Race verifies the ownership of quiz contents based on blockchain to fairly reward the creators.
The quiz race strengthened the game elements of quiz content. Rather than answering quizzes and repeating mistakes, rewards increase every time you answer a quiz and form an ecosystem where rewards are lost if wrong. In this ecosystem, the Quiz Taker will increase the consumption of quiz content to receive a lot of rewards, and the Quiz Creator will also increase the creation of quiz content to receive a lot of rewards.
Quiz Race adopts a unique survival game system for user engagement. When a user chooses the right answer during a race, the user receives reward points. Upon receiving points, the user is given 2 options: 1) challenge the next quiz to earn higher reward points, or 2) stop the race and claim your current rewards. However, once the user fails a quiz, all points awarded during the race are lost.
When you start playing Quiz Race, the user's points are deducted. 10 points will be deducted for Quiz Race.
When Quiz Race is played by Takers, they will earn the reward points. At this time, you can receive an IQ certificate NFT as an option. It also acquires authority for community activities
In order for the user to become a quiz creator, an IQ test must be conducted using a certain point. Also, take an IQ test on the IQ Olympiad platform to get an NFT certification with over 100 IQ. After completing this process, the user must stake 100 IQO into the system within a month of lock up.
Creator will earn (n) points when each quiz taker solves creator’s quiz. In addition, if there are more than (n) users (n) solved for one month, additional rewards are paid accordingly. Creators will be able to claim the reward points after a month from the date when their quiz is released.
- 1.The user spends points to solve questions for IQ tests and the Quiz Race.
- 2.Depending on the level of difficulty, quizzes will be divided into 10 levels for users to challenge.
- 3.Upon solving a quiz, the user is given an option to either advance to the next level to continue playing for higher rewards, or stop and claim points. If a user fails to solve a quiz, all points won during the race are lost.
Before the quiz goes live on the platform, it must be beta tested and verified by users. Through this process the quiz will be marked by its difficulty level and provide right reward points to users when they face the quiz at the right timing.
During the verification, the participants get 1 IQO per 1 quiz, and extra 1 IQO when the quiz goes live on the platform after the beta release.
After creating the quiz, it must be released as a beta for a week to be tested by multiple users. The quiz goes live when its tested by a minimum of 20 users and its average answer rate is 30% - 70%.