Steemit Crypto Academy | Season 4 Week 1 | Homework Post for [@wahyunahrul | Socios.com
Explain in detail what is the Socios.com Platform?
The platform is partnering with clubs from all over the world who understand that giving the fans a voice and influence is good for them. The platform allows it user to make decision on club related matter via popular vote. All partner clubs of the platform generate branded fan token. The tokens are the license of the fans to vote. Fans buy fan tokens from the platform or chase them down for free with token hunt, an AR enable discovery feature that allows the fans to hunt fan token and use it in the real world
Polling feature
This feature allows holder of Fan token to partake on polls that have to do with the club. The pools are made up of many things that the club can participate in for decision making.Reward Feature
This is a form of incentive given the hold of fan token for the reward their participation. The reward can meet the favourite athlete, having the opportunity to sit in the VIP spot in the stadium and lot more. The fans can have the rewards if they are ranked first due to their level of participation.Fan token
Fan token is digital currency created by the partner club which enable the fan participate in their favourite club decision.
What are the effects when blockchain has entered the realm of the sports industry?
Adoption of the blockchain technology
The sports industry has over 3 billion fans. The ability to influence the club's decisions will lead to the adoption of the blockchain because fans love their voice to be heard. Fans can decide which fight should be the main event or which fight deserve the best performer bonus. There are also some factors that can lead the adoption such as some exclusive rewards, giveaways, and once in a life time experience like dinner with a favorite fighter, a matchday VIP experience for fans, and some other benefits that can stir the adoption.
Analytics
It provide the opportunity sensor in to gather their own data by the club athletes and clubs. The blockchain have the necessary data for analysis of club and athlete. The data block chain used by fan can be used to analyze and improve performance of the club or map performance. The athletes and clubs can now monetize these data at their own convenience.
Fan engagement
The fans can now participate in club decisions and vote for appointing a new manager of a club. Just like Juventus, PSG, and some other clubs are doing. This unique token is ideally suited for better fan engagement.
Transparency
Fans clubs can now carry the fan in their decision making such as the appointment of new managers and transfer of new players.
Player and club participation
Small investors will be able to take a share in their favorite club just like a crowdfunding platform. The profit could be a certain percentage of the club’s future income. By investing in the token you have become an owner of a valuable asset. The shares in this token can also be traded as the blockchain account of the rightful owner.
Is Socios.com a good prospect as an investment vehicle? Explain your personal opinion along with strong evidence.
Socios.com is a good prospect investment because there is over 3 billion sport all over the world. With the high population of sport it a huge potential to grow. Even I am thinking of investing in it because of the population of fans around the world that stir the growth.
Socios.com have a system of gamification features that could connect billion of the fan via chat, this can stir up the growth and drive more investor. Also, the ability to vote from any part of the world even from my couch to be part of the decision-making is a good motivation for investment.
Socios.com has no one the compete with and there are advantages for the first platform. The growth will be massive even before there is a new platform like it.
Explain the steps to install the Socios.com application in full and explore the various features in the application. (Screenshot Required)
- Step 1
- Step 2
Open Socios.com App, Then Enter your Mobile Number and Click on Send Verification Code as shown in the below image.
- Step 3
After entering the Verification Code, Set your Username and then put your email address and click on Register Now as shown in the below image.
Available balance
Trading
This is where you can actually create your fan token. It the in house of socios.com where can buy your fan token like Juventus, Barcelona, PSG, and the likes.
Voting
This is fans can actually vote and make decisions in their club. To vote you have to have the club fan token.
Add $CHZ
You can $CHZ to your account. That is where you see your address
Lock Room
This is where you locck your chiliz token
Choose a Fan Token in the Socios application and do a detailed fundamental analysis.
AC MILAN FAN TOKEN
- Price of this Token
The price was $8.59 as at the time of writing, Market Cap $26,972,994, Fully Market cap $171,738,407, 24h Volume $21,289,382 and
Pool
Fan all over the world can participate in the pool. They can also make decision for their favourite club about what music should be play after a goal have been score at all time, the new manager to be appointed, the favourite player and lot more.Prediction
Fan can predict matches that are yet to be played and also read new
The introduction of blockchain to the sport industry is a huge advantage to the sport because during the covid 19 lockdown club are affected. They could generate funds in son certain areas. They were face with challenged by two things, one they're sponsoring revenue or being decimated because sponsors cannot afford anymore what they used to with the recession that started and what we call match the revenue.
The 1% of fans that used to be in the stadium and used to generate a significant amount of money now is generating 0. So, the clubs are really starting to look at the 99.9 percent outside of the stadium. With the blockchain technology, the clubs can now actively in a way to monetize their b2c fan base. Even fan the have little or no knowledge about blockchain will be educated about the blockchain technology and will be able to develop more interest about the blockchain.
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