Steemit Crypto Academy Season 4 Week 1 || socios.com - Blockchain Based Platform for Sports Industry by @beewrites
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Thank you Professor @wahyunahrul for the lecture. Prior to this time, I had no idea of socios.com, but I do now.
Here is my homework.
- Explain in Details what is the socios.com platform?
Socios.com is a Blockchain that uses $CHZ as its cryptocurrency. The Blockchain platform is owned by Chillz and Chillz happens to be one of the tokens of Ethereum Blockchain. Before now, cryptocurrency have been linked with so many sectors of the world, but socios.com is the first kind in the world to link cryptocurrency to sports. Socios.com breaks the distance between fans and their favourite team and enable fans get closer to their team. Socios.com made it very possible that a sport fan in Nigeria can partake in the decision taking of his/her favorite sport club in another country or continent. Socois.com Platform has partnered with so many top football clubs like PSG, Arsenal, etc
Link
Also, with basketball clubs like
Link
Here are features offered by socios.com
• Fan Token Feature: This is the number 1 feature on socios.com Blockchain. Fan Token is the voting right or power of a fan. Fan Token enables the fan give support to his favourite team and also have privilege to partake in the decision making of that team. This is to say When a person acquires Fan Token of a team, he automatically receives the right to make decisions concerning that team. For every one fan Token a fan buys, he gets one voting right, this also mean a person with 5 fan Token will have much more voting right than the person with just 1. However, since the Blockchain doesn't want one set of people influencing the decisions because of the number of fan tokens they have, every club/team has a limit to which one person can own fan Token. Owning a fan Token stays for a life time until the club leaves socios.com Blockchain or until the fan decides to sell it.
•Polling Feature : The polling feature opens up at a certain time, during this period, the club fans who have a fan token can partake in decisions like what will be the write ups on the Captain's armband, design of the club jersey, location of match training, who gets to win "man of the match"
•Reward Feature : This feature is employed by the block chain to reward fans for their loyalty to their favorite club. Fans will get to be rewarded by the club they have a fan token with. The prices can be meeting your favourite athlete, getting a signed jersey from him,etc. These Rewards are very rare for an ordinary sport fan, but owning a fan token from socios.com can insure that
2.. What are the effects when blockchain has entered the realm of the sports industry
Not until the arrival of socios.com platform that people began to see the impact and possiblity of cryptocurrency in sports. Here are some
• Fan engagement and Participation: Which fan will not want to be a part of the decision makers of their favourite sport club? One major effect of the block chain on sports is that it will draw the attention and loyalty of fans closer to their favorite team
• Also, when blockchain enters sports, record and data will be safeguarded tightly using the block chain data management. Some of the data kept are the drug testing record, this will reduce doping in the sports industry
• Ever since Blockchain Enteted sports, the rate of buying fake sports tickets have dropped, this is because fans can actually buy tickets using their crypto wallet
• Transparency: As blockchain enters the sports world, the transparency of the sports club increase. The club will be transparent about their signings of new players, finances etc
• The introduction of blockchain Into sports have increased the club's monetary value drastically.
3.. Is socios.com a good prospect as an investment vehicle? Explain your personal opinion along with strong evidences
Yes, socois.com is a very good prospect as an investment vehicle.
These are the reasons
• I will invest in socios.com because it is lucrative. Sports is one of the world most lucrative industry. Billions of dollars are gotten every year through sports betting, buying of club jeseries, buying of entry tickets etc
•I will invest in socios.com because their objective is unique and one of it's kind. The uniqueness of the blockchain will lure more investors and grow the blockchain.
•The genuineness and authenticity of the blockchain platform will make me invest in it. If the platform can pull front line club's like PSG, AC Millian, Arsenal etc, to invest and partner with them, that is to say the platform has been scrutinized and found worthy of investment.
• Lastly, I will not forget to mention the appetizing rewards I'll stand to receive. This alone can pull many investors to invest in socios com blockchain platform. I stand a chance to meet my favorite footballersm, Messi, get him sport Jersey and also an autograph.
4.. Explain the steps to install the socios application in full and explore the various features in the application ( screenshot required)
Step 1
Since in using an Android smartphone, I'll search socios.com on play store. Click download
Step 2
After downloading and installing, go ahead and click the start button
Step 3
This is where your registration starts, type your mobile number. You'll receive a verification sms to the phone number
I had serious difficult getting the verification code sent to my mobile line, even different attempt to get it by inputting other numbers and using other phones, it still proved abortive. I got similar complaints also from some steemians on cryptoacademy. So, unfortunately here is where I'll stop with my screenshot evidences.
But following the lecture, here are the remaining steps- Input the verification code in the box provided
Here is the page you register, input your username, valid email address and tick the policy agreement box
A mail will be sent to your email to verify your details. Click verify now
Your account is successfully registered
Go back to the installed application, go through it to know how well to use the application. When you are done, click finish.
This page reveals the default appearance of the application. To Check if your verification was properly done,click on the icon botton.
It is was properly verified, it will look like this. It is always at level 1. When verification is complete, socios.com gives a token called SSU for free for all starters
5.. choose a fan token in the socios.com application and do a detailed fundamental analysis (screenshots required)
Due to my inability to get my account verified, I couldn't go ahead with my question 5. The answer of Question 5 would have been gotten through question 4
6.. conclusion
In summary, the Cryptocurrency blockchain is fastly taking over every sector of the world. Socios.com is the very first platform that successfully linked cryptocurrency with sports and this has caused a positive impact on sports. With socios.com you get to interact and participate in the decisions of the club you have a fan token with, this is an uncommon privilege. Socios.com is a very helpful platform where you participate in sports and at the same time in cryptocurrency.
There are so many reasons I will love to invest with socios.com which are the genuineness of the platform, vision of the platform and also for the love of sports and cryptocurrency.
Thanks for reading through my article
Thanks Professor @wahyunahrul
Hi @beewrites, Thanks for taking my class.
Based on the homework that you have made, here are the details of the assessment you get:
My Reviews and Suggestions:
Overall, your explanation is still very shallow. As in the answers to questions number 1, 2. and 3. The information you provide is still too general and very little. Try adding some additional information.
In question number 5, you can actually choose the fan token without having to open it through the application. You can see it through the Socios.com website or in the lessons I gave earlier this week.
Your writing structure is still messy, try to learn again how to make a neat and good article.
There are some screenshots that you don't watermark, please pay attention to the rules and guidelines.
Thank you!
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