Steemit Crypto Academy Season 4, Week 1|Beginner's Course|Homework Post for @wahyunahrul, Whales - Socios.com - Blockchain Based Platform For Sports Industry

in SteemitCryptoAcademy3 years ago (edited)

THE SOCIOS.COM PLATFORM

In recent years, cryptocurrencies have made a swift ascension into our life. However, many cryptos are simply imaginary. Socios.com is a platform that blends cryptocurrency and real-world applications. Sports was the point at which Socios.com merged real life and the blockchain world. Chiliz has created a platform called Socios.com. Chiliz is a cryptocurrency created on the Ethereum platform.

The goal of this platform is to bring together sports teams and their followers. So, how can fans on Socios.com communicate with their favorite teams? Let's start with the basics.

FAN TOKENS FEATURES

Creating fan tokens is the most significant function of Socios.com. Fans can then use the tokens they purchase to support their favorite sports teams while also having a say in the club's future decisions. This platform has so far produced 42 tokens. 37 of them have already gone live, with the remaining 5 on their way.

Trading with Chiliz Exchange and other Centralized Exchanges is one way to obtain these fan tokens. If a token enters one of the centralized markets, it is also possible to trade. In the Chiliz exchange and Socios.com app, we must spend CHZ to purchase these tokens.

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REWARD FEATURES

An advertisement for a credit card company stated that there are some things that money cannot buy. You could be rewarded with things that money can't purchase if you own these fan tokens.

For example, awards include meeting your favorite athletes, receiving the jerseys they wore during the game, receiving signed jerseys, and attending a game at the stadium. You must have the Fan Token of the team you support to earn these benefits.

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POLLING FEATURES

You can vote in polls concerning the fan token you purchased after becoming a member of Socios.com. These polls are open for a specific amount of time and allow fans to vote on their favorite team. There are votes about the teams' entrance marches, the design of their uniforms, and the name of the training field, for example. To take part in these polls, you'll need the fan token of the team that started the poll.

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THE EFFECTS OF BLOCKCHAIN ENTRY INTO THE SPORTS INDUSTRY

Blockchain adapting: Socios.com's foray into the sports business is a fantastic development for Blockchain. The concept of bringing supporters who are far away from their favorite clubs closer to the club's decision-making would boost the number of people who use Blockchain.

We must keep in mind that the sporting industry employs the most people on the planet. The Finances of clubs are growing: For most teams, the influence of Blockchain technology in the sports business also serves as a source of funding. In the financial sector, decisions and information will have a greater impact. Consider Cristiano Ronaldo's transfer from Juventus to Manchester United. Within the first few days of the transfer period, the Juventus fan token experienced a considerable dip.

IS THE SOCIOS.COM A GOOD PROSPECT AS AN INVESTMENT?

For me the answer to the above question is yes and below are the evidences to back up my conviction.

To begin with, I see that world-famous clubs such as Inter Milan, Manchester City, Barcelona, and Paris Saint-Germain are involved in these deals. Fans from all across the world support these clubs, and they will want to invest in them.

Socios com is a step ahead of the competition because it is the first platform to connect the blockchain and sports industries together.

It's nearly impossible for supporters to make a choice about their favorite team. Fans, on the other hand, have this option on Socios.com.

Because the advantages are not easily obtained by ordinary people, people will have a chance to obtain them by making a small investment.

FEATURES OF SOCIOS.COM AND HOW TO INSTALL THE APP

i.To install the socios.com app below are the steps to follow

ii.Using your phones playstore search for the socios app

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iii.When you click the Install symbol on the new page that appears, the app will download and install on our phone.

iv.The app will display on the mobile phone's screen after it has been successfully installed.

v.When we click on it, a new page appears. Get Started is an icon at the bottom of the page. We'll select the icon by clicking on it.

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When you click the get started button, a new page will appear. For returning users, this page serves as a login page, while new users must register. As seen in the image, there is a field for me to enter my cell phone number, which I have done.

After entering my phone number, I press the Send Verification Code button and wait for the code to arrive on my phone. We may then enter the verification code into the verification box and wait for the verification to be processed once it has been received.

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Enter your valid e-mail address and a username.

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I double-checked my e-mail address by clicking the "Verify now" button in the incoming mail

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Your account has been created, congratulations.

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You can access information about your account by clicking on the guy figure in the upper left corner.

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You may update your profile image and check your preferences and security settings from this page. You can check your balance and make purchases and sales in your wallet.

THE PSG FAN TOKEN

PSG fan tokens are traded on a variety of exchange platforms, just like any other crypto money. The PSG fan token was $28.06 at the time of writing, with a trading volume of $30,315,473 and a market value of $81,562,336 on coinmarketcap.com.
To obtain a PSG fan token, go to the Socios.com app and select the PSG fan token. You can swap $CHZ for PSG fan tokens in the app.

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Fans who own a PSG fan token have the opportunity to vote on matters affecting the club. Fans can vote in a poll to determine the cover for the 22nd PSG edition.

Additionally, spectators can participate in the prediction of future matches. Fans using the fan token can anticipate the outcome of the game between PSG and Lyon on September 19th that is few weeks time

CONCLUSION

Block Chain is slowly but steadily making its way into our daily lives. Socios.com was the first to mix sports and blockchain technology. The sports sector is one of the most important in our day, and it is also one of the most profitable. Fans all throughout the world spend money to support their favorite teams.

Such as purchasing team jerseys, official merchandise, and attending games. However, regardless of how much money fans spend on their team, their bond with it is one-sided. This one-sided relationship with the Socios.com platform, however, has the potential to become mutual. In addition, fans now have some decision-making power over their team.

@wahyunahrul
@steemcurator02

Sort:  

Hi @gboye1, Thanks for taking my class.
Based on the homework that you have made, here are the details of the assessment you get:

Assessment Aspects
Rating
Explanation of Socios.com Platform0/1
Effects of Blockchain entering the sports industry0/1
Personal opinion about Socios.com as an investment vehicle0/1
Install and explore the Socios.com app0/2
Fundamental analysis of a fan token0/2
Conclusion0/1
Follows Rules and Guidelines0/1
Procedures and structure of writing0/1
Total0/10

My Reviews and Suggestions:

  • I see suspicion on the task you created, on the email verification link you see the name you registered is "Vickojay22", but on the profile shown in the application, there is no name at all.
    Screenshot_2.png
    Screenshot_3.png

CC: @sapwood

 3 years ago (edited)

Thank you @wahyunahrul for your comments:

  1. I really don't understand why it is like that anyway, I guess I must have mistakenly uploaded a wrong screenshot because I actually went through the process many times. I could have checked my archive to confirm what went wrong but I don't have all the screenshots again because I don't keep them for want of storage space.
    But I just found this screenshot below, I hope it is helpful to clarify issue you had with the content. I have also edited the write-up

IMG-20210912-WA0007.jpg

  1. I really don't see how this suspicion on email verification affect the overall quality of my content since it was not plagerised. There could be an error somewhere but it doesn't invalidate the work.

In conclusion, I want to believe that your suspicion is the reason why you gave me 0/10 rating. I want to impore you to kindly re-grade my task because I put a lot of efforts into this homework task.

Thank you.

Cc: @sapwood
@wahyunahrul
@wahyunahrul
@wahyunahrul
@wahyunahrul

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