Beginner Course Steemit Crypto Academy Season 4 Week 1 | Socios.com - Blockchain Based Platform For Sports Industry | Homework post for Professor @wahyunahrul | By @kingworldline

Hello steemit and steemit user, I welcome everyone to this platform. Hope we having a nice time and enjoying the platform. I will be discussing on Socios.com Based Platform for Sport Industry.

Question1:Explain in detail what is the Socios.com Platform?

Socios.com platform is a platform owned and operated by Socios.com services limited. Socios.com was designed by CHILIZ and is a project that runs on the etherenum blockchain meanwhile it was created to provide a blockchain fintech for firms in sports Industry. The platform gives fans the acess to unique rewards in prediction of games, match day challenges and exclusive merchandize there by allowing fans( super fans) to vote on club specific decisions and making them( fans) to get closer to the team. It an entertainment platform that uses mobile application (socio application) for football fans. Socios.com platform has partner not only in football but in basket, motorsports, gaming, fighting and cricket.
Fan Token in Socios.com is a digital asset that represent the control of a voting right and Once you get it, its becomes your own as long the club stays on the Socios.com platform
One Fan Token is adequate to one right to choose every poll that the club publishes. Your Fan Tokens aren't ‘spent’ on a poll, meaning that your supply of Fan Tokens won't decrease once you vote. In socios.com platform the more points you earn, the more you move up through the different levels of membership when you vote and interact with the mobile app(Socios.com) . The more influence you'll exert when you get more fan tokens because every Fan Token gives you a vote. For example, if you own five Fan Tokens, your vote will count five times in any poll.

Question2: what are the effects when block chain has entered the realm of the sports Industry?
The effects when block chain has entered the realm of sports Industry is that the knowledge of cryptocurrency among sports fans will be more known thereby creating an avenue for more investment in block chain.
Another effect is that sports fans can easily vote on a specific decisions in their respective clubs with the little token they have and also bring them closer to their team.

Question 3: Is socios.com a good prospect as an investment vehicle? Explain your personal opinion along side strong evidence.
Being the first of its kind block chain based Platform for sports Industry that tends towards expanding the world of blockchain through sports Industry. I see it as good prospect in the sense that with the love that people have towards sports will tends to increase socios.com by bringing more investors on fan tokens to blockchain and thereby making fans to invest more on blockchain. A proof of this can be seen on the tokens of some football clubs like PSG fan token, Milan fan token and Barcelona fan token thereby tends to increase in a year about $5.

Question 4: Explain the steps to install the socios application in full and explore the various features in the application ( screen shot required).
At the play store I typed in socios.com and clicked on install to download socios.com in my phone

After downloading the app I clicked on open and then clicked on get started

At the login/Register input my mobile number and waited to receive a verification code but did not see any verification code I tried requesting for a new verification code but did not see any. I now understand that based on my country Nigeria, that Nigerian is restricted from using the socios.com platform.

Question 5: Chosen a Fan Token in the socios.com application and do a detailed fundamental analysis(screen shot).

Source
AC Milan Fan Token (ACM) gives AC Milan fans(super fans) the acess on the specific decisions, prediction of games in the club using the Socios application and services. The token gives the fans (super fans) to compete for exclusive rewards, club recognition, and many more.
As as result of involvement of fans in the club the fan token price was $8.34 which increase by 0.15%, the volume /market cap was 0.4885 and the circulating supply was 3.141,7200ACM while the total supply was 20,000,000.The volume (24h) which was $12,795,273 decreased by 35.73%. The token price increased by 0.125% because of the involvement of fans in the club.

Conclusion
Socios.com being the first of its kind block chain based Platform for sports Industry has brought more love between fans and sports Industry and more investment in blockchain. The socios.com platform make fans to be able to enjoy in all sports Industry through the use of fan token. Fan token is said yo be a cryptocurrency that allows fans to per take in specific decisions, rewards, merchandize design and fan token offering is said to be the time at which a cryptocurrency is available at a particular price.