Crypto Academy / Season 4 /Week 1 - Homework Post for Professor [@wahyunarul] || Exploring Socios.com platform by @joelmaxwell
Introduction
Hello Steemians am @joelmaxwell and am very happy that cryptoacademy is back and I hope to do my very best. This week lecture is about the socios.com platform a very unique platform that bring fans close to the club the support and I will be answering questions.
Question 1
Explain in detail what is the Socios.com Platform?
Answer
Source
The socios.com platform is an interesting platform that was created by chiliz, in 2012 for the purpose of bringing the supporters of sport close to their club be it football club or any other sport. Bringing the supporters (fans) close will make the be able to be part in terms of decision making in the club such as the type of celebrations the players make, the type of jersey(kit) or any new player the club want to buy the will always be involved here despite their location.
The socios.com also has $CHZ has it native currency. The socios platform is of benefits to both the club and the fans because the fans can trade with the token and the club also use the fans ideas during pool to develop the club.
It also has features such as the the reward token which is all about rewarding and appreciating the club loyal fans for assisting and helping in the club development, such fans will be rewarded in a lot of ways such has giving them access to players during training or rewarding them with customize jersey or any jersey that are signed by the players.
The second features has to do with the pooling features, which has to do with giving fans the opportunity to vote for or against the club club decision in the pool and by this the club will know what the fans really needs and their decision will be made because the are been involved.
Lastly, the fan token this is a very unique features because it is only the club loyal fan will be interested in purchasing the club token adding to the development of the club financially, it is only fans with the token that always have access to the club when pooling is being organized.
The fans token is also a cryptocurrency it rises and fall. For example when messi Left barcelona to paris saint germain the $PSG token rise massively.
Currently socios.com is in partnership with more than 40 clubs including other sports like ufc
Question 2
What are the effects when blockchain has entered the realm of the sports industry?
Answer
Promotion of blockchain
Bringing blockchain into the sports industry with some clubs that has fans ranging to millions will be a massive boast to blockchain because the fan will be interested in having a say in their club decision which will prompt them to get the fan token which is a blockchain and by this blockchain is being promoted.Improving the club finance
By the use of blockchain in the world of sports it will also help in improving the club financially and when the club is improve financially, it will be used in developing the stadium, paying of players wages etc because when the fan token is being purchase. It will add to the club finance.Closeness of fans
Here, fans will be close to the club because the will always be carried along in any decisions the club will want to make and being involve in the club decision making will give them the Liberty to also decide on how the want the club to be manage and by this their decision will always be met despite the part of the world the base.
Other effects are,
With the blockchain that is well secured the club can use it in storing of data such as equipment, players information and salaries structure etc , it also create an investment opportunities where fans can come into the an invest with the aim of making profit and also develop the club.
Question 3
Is Socios.com a good prospect as an investment vehicle? Explain your personal opinion along with strong evidence.
Answer
Yes, to me socios.com is a very good prospect because of the following reasons
Fans decision are met
Because the fans will always be the once to vote for and vote against the club decision. The will always use the pooling to voice out their mind. Decision are not only made by the club management but it is also lower down to the fans before it is made making the fans and management be in a good term for example if the fans fall out from the club coaching staff the can always vote against them which will prompt the club to bring in new coaching staff.Fan reward
The socios.com also create an avenue where the club earns financially from the fans purchasing their token but the fans also earn through playing game on the platform, they can also chat with other fans bringing the supporters family close. There are also contest in the platform that the fans can participate and earn prize despite their location.
The fans can also earn reward by inviting their friends to the platform thereby promoting blockchain
Question 4
Explain the steps to install the Socios application in full and explore the various features in the application. (Screenshot Required)
Answer
Step 1
Before you can access the socios.com application you will first of all have to open your phone play store
Step 2
After opening the play store you search for socios.com and install
Step 3
After installing the application
I open it though at first it took me time to open but it later open after several hours
Step 4
After the application open the will welcome you
Step 5
After getting started a you will be required to put your phone number so that the can send verification code.
Step 6
It will take 60sec for you to receive the verification code
After this step, the verification was not sent but from the lecture.
After you receive the verification code which will be 6 digit you will be required to create a username that suit you and put you email that is active.
After that a mail will be sent to the mail you put and you will have to verify the mail that it is you by clicking verify now.
After that your account will be verify because you have meet the steps involved.
From that moment you can start operating the account and here you will be given a free token you can also get your club token here.
Socios. com platform is very interesting in the sports industry to the fans and also aids in the club development
Question 5
Choose a Fan Token in the Socios application and do a detailed fundamental analysis. (Screenshot Required)
Answer
Though I couldn't proceed but I had to go to coinmarketcap.com to check about my favorite club token which is the $PSG token
Source
The $PSG token is the official token of the paris saint germain football club and fans with the token are qualify to participate in any contest on the platform,vote during decision making in pool and also have the opportunity of meeting the club player physically.
Source
The PSG token is rank #415 and the price when this assignment was done was $30.09 and the market capitalization was $87,445,791, it also has a volume of $33,340,962 in the last 24hrs and total supply of 20,000,000
conclusion
As a great football fans, The topic really sound interesting being the first time have heard of it. I have really learn alot about the socios.com platform ranging from the bringing the fans closer to the club and also involved in any decisions the club want to make despite their location and through this they can always voice out their opinion during pool not only that with the involvement of socios.com platform on football, it will also bring in alot of investors to club and also help in the promotion of blockchain as a whole while they club will also earn financially there is also an avenue where the fans will chat with fellow fans, they can also participate in competition in the application and earn reward. They can also earn reward by inviting friends to the application.
The socios.com is really a unique platform and the first platform to have bring in all this idea.
Thank you professor @wahyunahrul for the wonderful lecture and I hope I do my best.
