Steemit Crypto Academy [Beginner Level Courses] Season 4 Week 1 Homework by @wahyunahrul "Socios.com - Blockchain Based Platform For Sports Industry"

Hello steemian ...

This is my new post in the Steemit Crypto Academy community, on this season 4 week 1, I will be working on a homework from professor @wahyunahrul with the theme " Socios.com - Blockchain Based Platform For Sports Industry”.

SOURCE

we will discuss it through the homework below:

1. Explain in detail what is the Socios.com Platform

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Socios.com was launched in 2019 built on the chiliz blockchain. Socios.com uses the chiliz token as digital money whereas the chiliz token is an ERC-20 utility token on the Ethereum blockchain which is used to pay for fan tokens. Socios.com is a platform that serves to bring sports fans closer to the club they idolize. On the socios.com platform, fans use fan tokens to vote that can influence the decisions of their idolized club such as choosing jersey designs, dressing-room artwork, choosing music on match days, and others. Fan tokens on socios.com can also be used as digital tickets to attend exclusive events, get prizes, sit in VIP seats, and more. To get this fan token, you can directly buy it in the application using chiliz as its digital currency, and fan tokens can also be obtained for free.

Although the most popular sport in the world is football with ± 3.5 billion fans, almost half of the world's population, Socios.com does not only collaborate with football teams but with several other sports as well. Below are some clubs that have collaborated with socios.com

If we visit the official socios.com website, then there are several features that we can access such as Polls, Rewards, Fan Tokens.

1.) Polls
In this poll feature, we can participate to give influence in the election that the club has determined. For example :

2.) Rewards
This reward feature allows fans who hold fan tokens to get gifts from their favorite clubs. Many prizes can be obtained by fans, such as being able to visit directly to the stadium of their favorite club, being able to meet directly with athletes playing at their favorite club, getting signed jerseys, and so on that can benefit fans.

3.) Fan Token
As explained above, fan tokens can be used to vote for clubs that can influence their favorite club's decisions. For now, there are 42 fan tokens issued by socios.com. Here are some examples of fan tokens:

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

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Sports have a lot of fans around the world, with the inclusion of blockchain in the sports industry, more people will know about cryptocurrencies, especially the socios.com platform that allows fans to take part in making decisions about their favorite club. And automatically the cryptocurrency market will increase.

Michael Broughton is a football business expert who also feels the effects of the inclusion of blockchain in the football industry, he feels that the inclusion of blockchain in the sports industry has a positive impact on club income. From this opinion, we can see that the inclusion of blockchain in the football industry can increase club income, for example in the recent hot news, one of the world's top players who moved from Barcelona to Paris Saint Germain. The effect of the move can be felt in the PSG fan tokens that surged at the beginning of the news of the move.

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

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Of course, socios can be a good investment vehicle in the future because sports enthusiasts will not decline. But we must know where to invest and where to stop. Like the example image below:

From the chart above, we can see that the price movement from April to May jumped sharply. As we all know, especially football fans, from April to May are interesting moments in the Champions League that fans have been waiting for that make price movements rise. the price movement dropped in early May because it was the end of the domestic league. From mid-May to mid-August there was no domestic league taking place which caused no significant graphic movement. the graph rose again in mid-August because all domestic leagues had restarted and there was also a lot of transfer of players. So to invest in the sports industry requires knowledge in the sport and socios is a good application to invest.

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

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To use the socios application, we must know how to install this socios application on a smartphone, here I use an android smartphone to install the socios application, and the steps are as follows:

Step 1:
Open the play store application on android and write it on the socios.com search menu as shown below.

Step 2:
Install the socios.com application by pressing the install button, and wait for the application to finish downloading.

Step 3:
After the download is complete, then open the socios application, and press get started to start registering a socios account.

Step 4:
Enter the mobile number and press the send verification code button to get the code, when the code has been sent then enter the verification code in the SMS verification code section. At this stage, if we have already registered for an account, we can immediately use it without the need to re-register, if we have never registered, we must register for an account from the beginning.

Step 5:
Then we will enter the account registration stage, first enter the username you use, second also enter your active email, check the list in the box below and click register now.

Step 6:
Before we go to the next step, we should verify the email that we used to register the socios account. First, open the email used for socios registration, if the email from socios has arrived then open the email, and then press verify now.

Step 7:
Here our account has been verified.

Step 8:
Next, we will enter the socios application again, this step is just a brief explanation for the features that can be used in this socios application, we can read it or can directly press next until the next button turns to finish.

Step 9:
And here we can choose our favorite team, if we don't want to choose then we can skip by sliding this arrow-down.

Step 10:
Here we can use the application as we wish, if we want to make sure our account is verified then click the profile icon at the top left.

Step 11:
If our account has been verified, it will look like the image below, in the image we can see our username and level.

Step 12:
Socios provides a free token called SSU to every user who has verified the account, to view it click on the wallet at the bottom and we will see the token given earlier.

Here I want to show the features that are in the socios application:

1.) $CHZ
Because socios uses chiliz ($CHZ) coins, in this feature we can buy $CHZ coins according to our wishes.

2.) Market
In this feature, we can buy fan tokens for our favorite clubs using the $CHZ coins we bought earlier

3.) Vote
This feature allows us to participate in voting to influence the decisions of our favorite club.

4.) Predict
In this feature, we can guess the score in the match that will soon be carried out by our favorite club.

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

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Here I want to choose the Manchester United fan token because Manchester United has not yet entered into Socios, so I will choose Juventus.

- Coin Market
The Juventus coin fan on coinmarket.com September 9, 2021, at 08:10 UTC ranked #873 at $10.71. On the fan coin Juventus Market Cap of $14,095,143, Fully Diluted Market Cap of $212,665,839, the trading volume of $6,876,928, and Circulating Supply of 1,315,932.00 JUV of a total supply of 20,000,000.

- Socios.com
For Juventus fans token exchange rate on 09 September 2021 at 08.10 UTC is 30.47 $CHZ, then to exchange 1 JUV token is 1 $JUV = 30.47 $CHZ. And has a total supply of 19,960,000.

In the Polls feature there are 31 numbers that we can poll according to our wishes for our favorite team using Juventus fan coins, from the most recent issue on September 6, 2021, which is about "which memory shared by the fans though MyGameRoom moves you the most?" until the latest on December 21, 2019.

In the predictor feature, we can participate in predicting all Juventus matches that have not been implemented and will soon be held from the closest Juventus will fight Napoli on September 11, 2021, at 23:00, and others can be seen in the predictor feature. To participate in predicting Juventus matches, you can also use Juventus fan coins.

There is also a menu of games & rewards that can be followed, such as the top one “Juventus:#10YearsAtHome Quiz” and others can be seen in the games & rewards feature.

There are also benefits such as “20% Cashback for Juve merch” and others that can be obtained from the benefits feature.

Finally, we can see news about Juventus in the news feature.

6. Conclusion

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Socios is the first platform that can bring us all close to our favorite sports club. Socios can be a good place to invest because sports are activities that will not die in the future and sports are activities with the most fans around the world. It takes more knowledge to invest in socios, especially in the field of sports because all sports matches determine the ups and downs of the price chart. The socios application is comfortable and easy to use even though the app's rating on the play store can be said to be low and it is hoped that socios can be better in the future.

References:

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https://www.socios.com/
https://www.socios.com/socios-polls/
https://www.socios.com/socios-rewards/
https://www.socios.com/fan-tokens/
https://www.socios.com/socios-partners/
https://www.tradingview.com/chart/
https://duniafintech.com/manfaat-blockchain-industri-sepakbola/
https://coinmarketcap.com/currencies/juventus-fan-token/
https://ilmupengetahuanumum.com/10-cabang-olahraga-terpopuler-di-dunia/
https://www.toniid.de/2021/08/apa-itu-fan-token.html
https://www.okex.com/academy/id/tentang-chiliz
https://www.juventus.com/id/news/articles/juventus-mengumumkan-kemitraan-dengan-platform-blockchain-socios-com-untuk-melun