Crypto Academy - Season 4 Week 1 I Homework Post for @wahyunahrul I Socios.com by @farooq2923

Hey Everyone. Hope you all are good and fine. This week lecture, for the professor @wahyunahrul, is about the most interesting platform named as Socios.com. After doing the little research on the questions given by the professor, i am now going to write my assignment.

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Question 1- Explain in detail what is the Socios.com Platform?

Everyone had his own favorite game and want to be updated about that. The Socios.con is a platform which based on the blockchain. This platform helps the fan to connect with their favorite team. This can be say a bridge to eliminate the distances between the sports club and fans.

This platform was built by the Chiliz. This platform provide the fans o get close to their favorite sport club and team. This sound so good to come close to your favorite but yes, this is possible now with help of the Socios.com.

This blockchain based platform is so efficient and open for all. This platform allow its user to participate in decision making activities. Like any other blockchain based platform, this platform also enable its user to make decision to some extent in some matters. Like you can decide which player you want in team, etc. This is so cool to engage with your favorite one so easily.

The Socios.com have the token named as CHZ. This token is allowed for the traders to trade on Socios.com. This token is used to buy the fan token. The fan token holders are able to cast the vote to their favorite sport club. Each sport club has his own fan token. To support your favorite sport club, you need to buy the fan token of its own.

The fan toke holders get the chance to earn the reward from the club. This reward can be in different form. You can get a chance to watch the match of your favorite team live in the stadium. You get the tickets for free. Many more other forms of the rewards are there which excite the fans.

So this is the way through which you are enable to participate in making the important decisions of team. Like any other blockchain platform, this also respect and value your opinion, votes and suggestions.

Question 2- What are the effects when blockchain has entered the realm of the sports industry?

We cannot deny the fact that how much advanced the world has became because of the blockchain technology. The blockchain technology is changing the lifestyle and is now becoming part of every field. When it enter into the sport field, it revolutionized it to the great extent. We can see how much dramatic changes are there in the sport world because of the blockchain network. The sport news effect the blockchain very much. There are multiple examples of such cases when any spicy news of sport world effect the blockchain very much.

The most recent example is when Ronaldo remove the Coca Cola bottle from his table in a conference. His act effect the Coca Cola shares a lot and Coca Cola faced the lose of 4 Billions$ in just few moment.

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Similarly the movement of the players from one club to another effect the token price very much. Sometime it help in trending the coin up and sometime it work oppositely. If the player is the most favorite and join another club, the fan token price will raise. And the club he left will may face the lose.

The recent movement of Messi from Barcelona to Paris Saint Germain effect the fan token price of the PSG to the great extent. You can see in the following trading view screenshort that the price of the fan token raised in just few days.

This was happened on the 10 August and you can see the clear uptrend in the graph. Such things usually happen when your favorite player move from one club to another. The leaving club may face lose and the joined club have the high profit.

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Question 3-  Is Socios.com a good prospect as an investment vehicle? Explain your personal opinion along with strong evidence.

Yes, The Socios.com is a good and fine prospect as an investment vehicles. It is working on the CHZ blockchain which is secure and attracting the user attention through multiple ways. Many sport clubs are there to get the fans closer to their favorite sport team.

The people have the chance to participate in decision making activities. For this, you have to buy the Fan token. These fan token's price keep on change because of multiple events happen around the sport world. For example if you had bought a PSG token in the last month. The Messi have joined the PSG recently in August and the price of the Fan token raised to the great extent. You definitively had the profit for the token which you bought before the Messi joining.

Such personalities, we can say play a role of Whale in Socios.com. Their movement and decisions effects the fan token's price very much.

So such events and many more effect the token price so we can say these versatile tokens are also the good t invest. Many other Football clubs are there introduced on the Socios.com. Now if we talk about the cricket world, we can say easily that the CHZ also playing a vital role there.

The more the fans join the Soios.com, the more the chances there would be to raise the token's price. Because of this much engagement with the sport team/clubs, the socios.com is now has became a well known platform among the fans. It getting the attention rapidly and CHZ is getting popularity.

Because there are rewards for the fans. The fans get excited and invest in their favorite club. With their investment, they get a chance of winning the reward. The reward may be in multiple forms which i discussed above.

So we cannot deny the fact that the Socios.com is not only a good investment vehicle but also becoming the popular day by day and soon it would be the excellent prospect as an investment vehicles.

Question 4- Explain the steps to install the Socios application in full and explore the various features in the application. (Screenshot Required)

I am from Pakistan where this application is not available for people to download. I tried to install it multiple time but couldn't. But we can explore its feature from its website. So first of all visit Socios.com.

A page will open with a manu bar on the top having multiple feature. I will explain all of these one by one.

When you point the cursur on The first option, you will see their are multiple sub feature such as Token Hunt, Trading, Locker Room, Socios United, etc.

Here you can cast the vote. To get a right to cat the vote, you need to have a fan token. The price of the fan token is different. There are the multiple polling option when you scroll the page down and you can vote in the poll of your own choice.

Now there is another manu bar. We will explore each option among them one by one.

The VIP is first option of the manu bar. The people having the VIP fan tokens get these rewards.

Question 5- Choose a Fan Token in the Socios application and do a detailed fundamental analysis. (Screenshot Required)

I choosed the PSG Fan token for analysis.

This is the token of Paris Saint Germain. The current Paris Saint-Germain Fan Token price is $31.15 USD with a 24-hour trading volume of $70,001,316 USD.

The market capitalization of this fan token is $91,106,323 and market rank is 395.

This Coin is listed on multiple exchange markets. Such as Binance, Gate.io, Pionex, ZT, Chiliz, etc.

Below is the Screen short of the trading view of PSG. This token raised on 10 August because Messi joined the PSG club.

You can buy the PSG tokens as much as you want with CHZ on the exchange where it is available. You can sell it in dollar or the currencies which accept the PSG.

Conclusion

The Socios.com is the platform where you can come close to your favorite sport club. This platform allow you to participate in decision making events of the sport teams. You can cast votes by having fan tokens. This platform is getting popularity day by day as it based on blockchain and reliable. It has its own token name as CHZ. You can buy the Fan tokens with CHZ. There are multiple features of teh Socios.com platform which i explore all one by one in this assignment. I am very grateful to the professor @wahyunahrul.

Regard: @farooq2923