Crypto Academy Season 4 Week 1- Homework Post for [@wahyunahrul]

in SteemitCryptoAcademy3 years ago (edited)

Socios.com Platform

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Regards to professor @wahyuahrul and all the #SteemitCryptoAcademy. This is my homework about the Socios.com platform, I hope you like it. See you soon!

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Explain in detail what is the Socios.com Platform?

Socios.com is a company created by Chilliz, with the function of providing tokens in sports clubs, but through blockchain technology. Chilliz has a native token (CHZ) which in turn works on the Ethereum blockchain. Socios.com offers us the opportunity to be closer to our favorite clubs, with the possibility of obtaining rewards for using the token of said institution, having the possibility of participating in long-distance sporting events.
If we take a look at the Socios.com website we can see the details that the company offers to users who own tokens of the same company.

Impressive Details

  • The most important feature of Socios.com is the Fan Token, which is a cryptoactive, issued by the clubs affiliated with the platform. Being able to have the opportunity to participate in voting carried out by the club for a decision-making.

  • The way to obtain these tokens is through exchanges, such as binance, kucoin, CHZ exchange, among others. On the partners.com platform, you must use the CHZ token in order to operate with all available tokens.

  • The platform offers us the opportunity to decide on changes or implementations of our favorite clubs. This is very special, as it brings us closer as fans and gives us the opportunity to decide what is best for our club.

  • Another function is to reward the user who is in possession of the token of said club, those who are more loyal, choose to have the possibility of receiving prizes from their favorite club.

  • One of the prizes received consists of being able to visit the stadium of your favorite club. There is also the opportunity for fans to receive jerseys signed by their favorite player. But the jackpot is all about getting a chance to meet their favorite athletes accompanied by autographs.


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

In the world of sports, the implementation of blockchain technology can be observed more and more, in this way people increasingly recognize cryptos and the technology that involves them. Making the crypto market have more opportunities to grow, as the impact it makes on the world of sports can be directly felt.
This, for example, can be seen reflected in the news of the transfer of great world-class players. As in the case of Leo Messi, the Argentine star arrived at PSG recently, causing a lot of boom in the Parisian fans. Making the PSG token grow 181%.


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

Analyzing what has been said above, we can say that Socios.com leaves us with a good taste to have it in your portfolio. Looking ahead it is a solid project, as it undertakes in the world of sports, having no competitor strong enough to fight it in the long term.
It should also be said that the company is a pioneer in sports-related cryptos, having a good projection, since sports in general are a good business and extremely profitable over time.

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

Step 1

Go to the Play store or App store and download the application


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Step 2

Hit the start button

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Step 3

Enter your phone number for verification and then you can use your account comfortably

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Step 4

In order to operate on the platform we must first buy CHZ and then be able to exchange them for the fans tokens

Step 5

Buy CHZ at the top of the screen, entering the amount you want to buy and in the available currency you want to make the purchase


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Step 6

Go to the main screen and click on the trading section, select the token you want to buy and press ¨Buy¨


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

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As you can see in the picture, the value of the token has decreased a little bit in the last days.

As we all know, it is no surprise the great change that this team has had lately with the arrival of Messi. The team's charts show a huge increase in the value of the token due to this latest news, raising the value considerably. Not only the entry of the player made the price take off, but also the speculations of his entry before August 11 (date on which he was presented as an official player of Paris Saint-Germain) play an important role.

Below is a graph as evidence of what I have said above:

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As the graph shows, in the months prior to August the value of this token is not as high. An exponential growth can be observed throughout the month of July, but the rise really begins in August (when Messi is an official player of the aforementioned team).After August, the price begins to decrease slightly.

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Conclusion

Blockchain technology has shown us that it is here to stay, since every day we see how it is implemented in many aspects of daily life. As is the case with sports, thanks to the blockchain, fans can have a much closer experience with their favorite clubs and athletes. Being Socios.com the tangible solution together with the blockchain, providing a place in the sports field, allowing you to develop your own tokens, so that in this way they can be traded.
In this way, a closer link is created every day between sports fans and cryptocurrency lovers, being able to find and enjoy two passions at the same time.

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