My assignment submitted for professor @wahyunahrul on the topic blockchain socios.com platform,fantoken etc
Hello everyone,
It pleases me to be part of this great class in the cryptoacademic,and I am humbled to take part in the assignment given by professor @wahyunahrul,on the topic whales-socios.com-blockchain based platform for sport industry.
Well blockchain has grown beyond the level one could ever imagine and it has over time developed from areas to areas, which development is as a result of the fundamental growth in science and technology from all indications,however let's hit on the point socios.com platform.
- question01
In detail explain socios.com platform
The word socios.com is a platform that can be best explained in so many ways however socio.com founders is chiliz,chiliz is a cryptocurrency whom spareheads the blockchain platform or providers in the world at large,such as in sport industry and entertainment.the platform engage in the essence of creating close relationships with football fans globally and other sporting clubs,the lunches fan token which are associated with football clubs and companies linked to the sport world.socios.com platform avail opportunity for fans to pen down there decisions on there choice club,that is it allow fans to influence the decision of the team,it could be on outfit design,boot,opinion on how to run a team,buy or sell a player and so on,it has created visible partnership between the fans and the club as well.
The sponsor clubs as fan token and as well wouldn't neglect the decisions coming from fans,socios.com I would say is a center of attraction for both the clubs and fans that is the closeness between parents increases as a result of children in-between the mom and dad,socios.com is as that because of it importance,if not for it, fans wouldn't be able to make decisions,the will only wait to hear the announcement on new rule or changes made by there choice club without having anything to say thanks to socios.com platform for this great and wonderful service the are rendering.
- Questions02
What ate the effects when blockchain has entered the realm of sport industry.
Blockchain platform brings a lot of gain and benefits to the world of sport,I will say it efforts to sport industry can not be over emphasised,Nonetheless it effect to the sport industry tends to bring lots of advantages.
Blockchain helps to create close and closer friendship to fans and there choice club,it incentivize & create beter experience,blockchain has it essence as to be a catalyst I.e due to it engagement in sport it has also help to the adoption of cryptocurrency world wide,most times Bitcoin are used to paid top class players,transactions between token tends to be cheaper than that of hard currency expecially in withdrawals and deposits,thus it effect in the sport industry will aid stressless payments process and also favor the both party if prices of that set token is been influenced(increases).
It effect to sport create large job opportunities to investors of cryptocurrency,it exposes one and attract entrepreneurs. Blockchain technology also attributes in allowing athletes crowfun the great activities where by the income of shares are been utilised.
It effect in the sport tends to influence the price rate in cryptocurrency and increases the chances for blockchain to dominate among any of it contemporary incase if there will be any in the nearest future.
- Questions03
Is socios.com a good prospect as an investment vehicle?,
Yes I would say; because socios.com has not just come to visit the sport Industry but has come to stay,it has created much Impact such in it survival is guaranteed.
Even with it ups and down I mean the challenges it faces over time for sure it would stand out as a good vehicle for future investment,the following point would help to build a strong evidence on why I say yes in the prospect as an investment vehicle.
Using Bitcoin as a case to explain my first point,from the origin when blockchain platform I mean Bitcoin start,it wasn't generally acceptable simple because the currency is software I.e you can see but cannot touch people were afraid of even attempting,but today you can see due to it persistent and reability over time it has succeeded in changing the mind of the people,hence the same goes to socios.com,whereas it parent chain survives ,the foundations to stand strong has been established thus it reability as a vehicle of investment is trusted.
there is no fixed technology ,as time varies the technology of the world is been advanced,however socio.com over time will create new opportunities for the masses due to it improvements in knowledge and technology.
we can't just over look the essence of socios.com platform because even as at now ,despite it somehow not known in most deep village of the world due to lack of inter fercility it has created impact among 40-60% of the occupant of the world thus I believe that one whom has created such an impart inlife would do everything it takes to keep it reputation .
of a truth we are gradually going in a cashless environment and world at large,it a system where in money would be scareceless seen in hard copy but rather in softer copy,hence the chances of socios.com surviving for investment in the future is a sure banger.
- Questions04
Explain the steps to install the socios.com app in full a and explore the various features in the app.
From the screen shot below i guest one wouldn't find it so difficult to understand the process in the exploration and installation of the socios.com app.
Firstly open your play store app in your phone
and search on socios.com when it open.
When it opens click on the install button green depending on the colours based on phone or browser.
Thus wait for the download process to be fully completed.
When the app is fully installed in you device,open it and begin it registration
Insert your mobile number and proceeds for the sent verification code to ensure the authentication of your phone.
When that is done for those that my read through my post for further clearity you can follow up the remaining proceedings on the lectures.This homework should have been submitted earlier than now but after installation i couldn't register simply because no verification codes was sent to authenticate my device,i tried it with several phone numbers but not to avail,i perceive the issues should be from there saver,since registering wasn't successful i couldn't access the app,thus making me unable to fully ascertain the correct answer to questions05 and exploration of questions04,therefore i beckon on the professions in charge of this lecture to please put a consideration for the absence of the affected questions thanks.
Conclusion
From the above analysis on socios.com platform,i will say,the blockchain technology isn't here to do harm but rather ease man from divers type of strees via business and other forms of investment also it existence and sequences of development will help in the unity and oneness of a society,due to it interference to diverse industries and business it has help to build close relationships amongst participants.
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