Hello Steemian !!
It's been a while since I've been inactive on Steemit Crypto Academy. In this article, I will discuss the homework provided by @wahyunahrul which is about a platform called Socios.com

Introducing the Socios.com Platform

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The sports industry sector is one of the entertainment industries that is in great demand by many people, it doesn't matter whether the person can do sports or not, everyone has fallen in love with this type of entertainment. However, although the sport has a very large number of fans and is spread all over the world, there is a considerable gap or gap between these fans and their favorite clubs. Fans can only watch the action of the athletes who joined the club via television or at the stadiums. These two parties do not have a strong bond, and it is a pity because this industry is quite in demand by many people. Therefore, a platform that is a solution to this problem was created called Socios.com

The Socios.com platform was created with the aim of bringing sports clubs closer to their fans. Socios.com is a project created by Chiliz which is a project that focuses on the sports and entertainment industry. Chiliz itself has its own token (CHZ) which will be used by its platform, namely Socios.com, all transactions made on Socios.com will use the CHZ token.

In order for the purpose of this platform to be realized properly, Socios.com offers several features that are shown to its users, as for these features, among others:

• Fan Token Features

Socios.com makes a very unique feature compared to other platforms. Every club that has joined Socios.com will issue its own Fan Token which can be traded to all its fans. This token can also be traded on various cryptocurrency exchanges so that the token is the same as other cryptocurrencies.

So far, there have been 42 Fan tokens that have been produced and distributed by Socios.com. This 42 Fan Token is also a presentation of the number of clubs that have joined Socios.com. The types of clubs that join are also quite diverse, ranging from football, basketball, motorsport, gaming, fighting, and cricket clubs.

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Fan Token will also be useful for fans to get some other features offered by Socios.com, all they have to do is buy and hold as many tokens as possible.

• Poll Feature

The next feature offered by this platform is the poll feature. Socios.com provides a platform for fans to be able to contribute to their favorite club, the results of the poll that has been carried out by these fans will be a permanent decision that will be made by the club, this way the fans will be happier because they can finally contribute independently. directly with their favorite club.

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The types of polls carried out are quite diverse, depending on requests from the club and Socios.com. An example of a poll that is currently being conducted is at Athletico Madrid club where they conduct a poll to determine which athlete will take over in leadership in the stadium tour or instagram, the player who is selected the most in this poll will be the winner. For other examples, you can see directly on the Socios.com website.

• Reward Features

This is a gift that will be given by the club and the Socios.com platform to their fans who hold the Fan Token created by their favorite club.

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The rewards given are varied. There is an opportunity to visit the stadium directly from the club, then there is also a prize to have a meet & greet with the athletes as well as ask for their signature on the jersey, and the fans can also get the merchandise organized by Socios.com.

The Effects When Blockchain Has Entered The Realm of The Sports Industry

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With the development of Blockchain technology, this technology will always enter new phases, from the beginning it can only be understood by people who understand computers, until now blockchain has started to be friendly to various types of people around the world. Even ordinary people have begun to feel the existence of Blockhain.

One example of why Blockchain is starting to be noticed by many people is the entry of Blockchain in the sports industry such as the Socios.com platform. As we know that the sports industry is one of the entertainment industries that is very popular with many people, so that when there is a new breakthrough that enters this industry, it will be quickly glimpsed by these people. Like Socios.com, which has the goal of closing the gap between fans and their favorite clubs by providing features such as allowing fans to participate in minor decisions of their favorite club. With this will make people who will start to be interested in Blockchain technology.

Apart from this, there are several things that changed when Blockchain entered the sports industry sector, including:

• The presence of Fan Token

The first thing that happened when blockchain had entered the realm of sports was the presence of Fan Tokens. We know that so many people like sports as well as cryptocurrencies, so when these two things are combined, a new innovation called the Fan Token is created.

This fan token will be very unique because its price movement will affect the activities of the club that issued the token, so people who are active in observing sports news and being literate with cryptocurrencies will really like this Fan Token, because it can do 2 things that they like with feeling.

• Increase the capital of the clubs

With the current state of the Covid-19 condition, many clubs are starting to feel the effects in terms of club finances, even big clubs like Barcelona are said to be almost bankrupt because they can no longer pay their players' salaries, this is because the club's income has started to run low and is accompanied by expenses. which is quite large, so that it has an impact on the club's finances.

With Blockchain technology that creates Fan Tokens, the club will get fresh funds from its fans who buy the Fan Token that the club issues, so it will help the club financially become better, and the club will have the funds to carry out the required transactions.

• Opens a gap for transparency

Another effect that is felt when Blockchain enters the realm of sports is that clubs will be more transparent to their fans. Blockchain is a technology that promotes transparency in transactions that occur.

This transparency will mean that clubs will be required to exercise their voting rights, finances and decisions regarding the club in a transparent manner.

Socios.com as an Investment Vehicle

In my personal opinion, I can say that Socios.com can be a good investment platform in the long run. There are several things in my opinion that are factors that make Socios.com a suitable platform to invest in, including:

• Unique industrial sector

The collaboration between Blockchain and the sports industry sector is a very new thing, so that it makes very many people interested in this platform, especially people who have a hobby in the field of sports and he is also a layman with the blockchain world, so there will be a lot of people. -people like this will join this unique platform.

Then the collaboration between blockchain and the sports sector which is still very new makes Socios.com not yet have a business competitor, this is because no other platform has ever done it, this can be used by Socios.com to develop its platform to be bigger before the birth of opponents. other opponents who have the same type of platform.

• Runs on Ethereum Blockchain

The next thing that makes the Socios.com platform a good place to invest is that it runs on the Ethereum blockchain. For those of us who have been familiar with the Ethereum Blockchain for a long time, they must already know how powerful this blockchain is. Ethereum is the only blockchain that can compete with Bitcoin in terms of usage. This year, Ethereum was recorded to beat Bitcoin in terms of the number of transactions in 1 day which made it the first recorded history where Bitcoin was defeated in terms of transactions and popularity.

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Ethereum is also known as a blockchain that is always innovating in terms of technology. The news that is currently hot is the change in the type of consensus that will be used by the Ethereum Blockchain, which initially uses Proof of Work to Proof of Stake in order to be more environmentally friendly.

Being on the Ethereum Blockchain will make Socios.com's prospects better in the future, because being on a good blockchain will make projects that join the blockchain feel the positive impact.

• Integrates with Chiliz token (CHZ)

As I explained in the earlier discussion that Socios.com is a platform created by Chiliz, this means that Socios.com has the same type of cryptocurrency token as Chiliz which often called as CHZ.

At the time of writing this article, Chiliz token is ranked 75th which means Chiliz is ranked in the top 100 cryptocurrencies worldwide. The current price of the CHZ token is $0.332169 with a Market Cap of $1,777,269,247. the total supply of supplies that have been distributed has reached 5,344,064,580 CHZ from the maximum supply of 8,888,888,888 CHZ.

CHZ also reached its highest price on April 17, 2021, the highest price created was at the level of $0.752626 with a total trading volume at that time of $5.848,989,647.

CHZ has successfully listed on various exchanges in the world, it can already be traded on major exchanges such as Binance, Coinbase, etc. This will make it easier for traders and investors to trade anywhere.

Steps to Install The Socios Application and Explore The Various Features

1. Install and creat an account on Socios.com app

To create an account on the Socios.com platform, we must register using an application that can be downloaded on the Play Store for Android users and on the App Store for iOS users. Because I am an android user, I downloaded the Socios.com application through the Play Store.

After the application is finished downloading, then we just open the Socios.com application, the loading page will be when the first time we open this application, the opening page will look like in the image below.

After loading is complete we will immediately start the application.

The first step we take is to register an account using a number, we only need to enter a phone number and then ask for a verification code to be sent.

After the verification code enters our number, it will be automatically filled in the verification code column and the registration process will run automatically.

The next stage we will register with a personal email account. We only need to enter an email in the email field and press the registration button so that it can be processed immediately.

Socios.com will send us an email to verify the email.

And after that we will be taken to a page that contains that our account has been created.

Then we return to the Socios.com application, and there will be an initial guide that explains the various features of this application, the main features of which are 4.

After the greeting is complete, then we will be on the home page of the Socios.com application.

Then to check the account we can select the profile icon and it will be shown that our account has been successfully created and connected to the Socios.com application that we installed on our smartphone.

2. Explore the various features of the Socios.com app

Now I will explore what features are available in this application, the 4 main features that are shown when we install the application in the previous discussion are on the application's home page. We can see it at the top which I have given the brown boxes in the image below.

• $CHZ Features

  This feature is a feature that allows its users to purchase CHZ tokens from fiat currency, the available fiat currency is still Euros for users who do not use this currency cannot use it. As an alternative we can buy CHZ tokens on other exchanges and send them to the wallet in this application.

The types of payments that can be made with this feature are AstroPay Card, Skrill Digital Wallet, Mastercard and Visa.

• Market Features

  In this feature we can trade fan tokens that have been listed on Socios.com. All these tokens can be transacted using CHZ tokens.

• Vote feature

  This feature is one feature that is very popular with sports club supporters, because in this feature fans can vote on several decisions that will be taken by their favorite club. The requirement to be able to use this feature is that we must hold the fan token from the club that did the voting.

• Prediction Feature

  We can make predictions on every match made by clubs that have partnered with Socios.com. The clubs will be divided by country, and we can choose the club we want to try to predict the final score of the match.

In addition to the 4 main features on the start page, there are 3 other features that we can get in this application.

The next feature is the wallet feature, this feature is a place where CHZ tokens and other fan tokens that we have purchased or sent to the Socios.com application from the exchange will be stored. The wallet will show all the details of the tokens that we have up to whether they can be traded or not, for example in my wallet I have 1 SSU token which I got because I successfully registered an account on the Socios.com application and this token can be traded on the market which is in the Socios.com app.

In this application we can also hunt fan tokens around us. We can get these tokens for free and can be stored in our wallet. This is a very unique feature that has never existed in any other blockchain application.

When we are going to use this feature there will definitely be a notification notification to be careful when using this feature for the safety of its users, because we will use the application directly outdoors.

We can also read the latest news from the sports world on this application, with this we can always update if there is the latest news from clubs that work with Socios.com so that we can see the development of the price movements of the fan tokens that we have.

And finally, there is a feature reward that can be used when the user successfully completes the tasks given by Socios.com, the prizes vary depending on the organizer, an example of which has been shown in the explanation of the Socios.com platform at the beginning.

Juventus Fan Token ($JUV)

Juventus is a European club originating from Italy which was founded at 1897 and is still active in the world of football to this day. This club has won several Italian club league contests and champions league, if in general it can be said that the Juventus club is one of the giant clubs in Europe.

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Juventus is one of the big clubs in cooperation with Socios.com and they have also issued a Fan Token named $JUV. The purpose of this collaboration is to improve the relationship that exists between the club and fans around the world, as I have already mentioned that Juventus is a very big club so that it has a lot of fans and spreads all over the world.

Fan tokens from Juventus can now be purchased on the Socios.com application, and for fans who have purchased and held Juventus fan tokens they will get various features offered by Socios.com which I explained in the previous discussion. But among all the features offered, according to fans, the feature that most fans want to experience is the feature of being able to meet soccer athletes from the Juventus club. This is because meeting soccer athletes from well-known clubs is a very difficult thing to do, we must first identify the insiders in order to meet these athletes. But with Socios.com, this is not just a dream.

At the time of this assignment, the price of the Juventus token had touched the price of $13.44 which is currently experiencing a price decline of -3.3%, it is a natural thing because this token is one of the cryptocurrencies which is basically an asset that has a high level of volatility. tall. Then the amount of Market Cap owned by this token is $34,983,693 with a volume in the last 24 hours of $224,480,729. The current circulating supply is 2,604,373 of the maximum total supply of tokens created of 20,000,000.

This Fan Token from Juventus club has reached its All-time High on December 22 last year at a price of $25.50. This proves that Juventus Fan Token has the opportunity to experience price increases in the future.

Then if we see the level of increase in the Market Cap token is quite promising, we can see in the chart above where the Juventus Fan Token experienced a very large increase in Market Cap which from the beginning was at the level of $0.00 until it rose to the level of $33,812,103 at the beginning of the increase. This indicates that very many people are interested in investing in this token.

Then another interesting thing is, Juventus Fan Token has started to spread on various exchanges which makes it easier for us investors to trade with this token anywhere and anytime. According to CoinGecko, there are already 11 exchanges that have included the Juventus Fan Token on the market.

Conclusion

Socios.com is a real proof that blockchain will continue to grow and will not be limited by anything. No one ever thought that Blockchain, which should only deal with digital currencies and computers, could enter the realm of the entertainment industry such as sports, which is a sector that is completely opposite to the existence of Blockchain. I personally didn't initially believe that blockchain had been able to develop to this extent, this would make the investment opportunities in blockchain even bigger and we people who already understand Blockchain will benefit greatly.

I thank prof @wahyunahrul who has created a very unique discussion topic like this, I think topics like this will make learning about blockchain and cryptocurrency more interesting to follow.

CC:
@wahyunahrul