[Beginner Course] Steemit Crypto Academy Season 4 Week 1 | Socios.com - Blockchain Based Platform For Sports Industry||by @allan.fakeer
Explain in detail what is the Socios.com Platform?
This is world and computer science and technology. Everyone attracts toward technology and find more ease in every field. In this scenario they developed Socios.com platform. Socios.com is blockchain based platform. It is developed by the Chiliz project. It is also a type of Blockchain Project that is based on Ethereum Blockchain network. Chiliz has his native Token name CHZ.
Images Credit
It is basically designed to acquire the sports field in blockchain. It is design for the people who are emotionally attached with sports fields. The distance between the particular sports and his Fan is huge. Fan does not know what are the decisions are made. They know these decisions when the club officially disclosed. Before disclose fans wait for final announcement.
So, the creation purpose of Socios.com is to reduce the distance between the sports club and his fans. This platform is designed for fans. Fan can participate in decision making in the club.
Socios.com work with various well knows sports club. There are various well knows sports are included in Socios.com platform. Football, Basketball, Fighting and Cricket games are including in this platform. Fans who have emotional attachment in listed games take benefits. There are many tokens available in this platform regarding specific clubs.
What are the effects when blockchain has entered the realm of the sports industry?
As we know that there are many peoples who has emotional attachment with sports clubs. But our traditional sports system mediates between his fans and clubs. When Blockchain technology entered in the sports industry then the distance between fan and clubs is reduce. Fans can able to make decisions in clubs.
On the other side we know that the security of Blockchain technology is very high, no one can easily hack this system. This is why if blockchain technology is enter to sport industry then the sports depart become secure. No one can easily alert the data about sports.
In sports industry the information about players is get secret. Selection of players for games are short listed by the central authority. The possibility of right or wrong of central authority is equal. They made decisions as they want. If blockchain technology enter the sports industry then everything about players is transparent. And player is selected on the bases on creativity and skill by the fans.
If the Blockchain technology enter in sports industry then it enhance the performance of sports industry.
Is Socios.com a good prospect as an investment vehicle? Explain your personal opinion along with strong evidence.
As we know that sports industry moving toward blockchain technology. And the distance is reduced between clubs and fans. The people who are attached with sports industry knows that very famous football teams Barcelona, Inter Milan and Arsenal join the Socios.com and have contribution with Socios.com. When we talk about Basketball, Cricket and Fighting supports games they also join Socios.com platform.
The fighting sports like UFC that is martial art sports. It has partnership with Socios.com, and they launched the token of $UFC with the total supply of twenty million. Number fans is increased day by and reached about six hundred million.
First token that is launched by the Socios.com is $CHZ. If we talk about the fundamentals about this token, the price of this token is increase since it is launched. It means that the interest of people increased in supports industry.
So, according the all above statements, Socios.com is a good prospect for investment Vehicle.
Explain the steps to install the Socios application in full and explore the various features in the application. (Screenshot Required)
Step:1
Go to Google paly store of mobile. And search for Socios.com. And click to install button.
![image_20210912_232458[1].png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmSxR3WUiv59Gyp6UAK8D5PQkuW6rnUmBGV1uJP7Xmek2Q/image_20210912_232458[1].png)
Opps!, This application is not working is my area. But I will list all the steps that are taken to install the application.
![image_20210912_232537[1].png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmSbtYfNk361pj9cMHBXcimtTWiCbpJsERu3W9xnUoJyR6/image_20210912_232537[1].png)
Remaining Steps are as follows;
Step:2
After installation, Open the application and the first button is appeared. Click on the Get Started Button.
Step:3
Next screen appeared. For the registration purpose here, you enter the phone number for getting verification code. And click on Send Verification Code Button. Then enter the verification code.
Step:4
Next, further registration process form open. Here you need to enter the username and email address. Then click on Register Now button.
Step:5
Next process is to verify the email. Go the email and open the email that is send by Socios.com, and Click on the Verify Now Button.
In this way we can install our Socios.com application.
Feature of Socios.com Application.
Here we discuss different features that Socios.com website offers. The feature are Fan token, Polling and Reward feature is top features of Socios.com application. We will discuss these features one by one.
1. Fan Token
It is feature of Socios.com in which fan token is created. Fan token is created for the fans of particular club. Through this token fan gets closer to their favorite club. The people who own this token are able to make decision in particular club. There is total 42 Tokens are listed on this Scios.com so far. 37 is fully listed and 5 tokens are in pending list.
2. Polling Feature.
In this feature poling is conducting for decision making. Through the voting procedure particular decisions are made by the fans. If club wants to display picture on front page, then the decision making about the picture is depend on the voting power that is casted by the voter. Which picture gets more votes get selected. The same scenario if a particular club want to play song. And club refers this decision to his fans. This is the polling feature of this application.
3. Reward Feature
The fans who hold a particular club token has opportunity of getting reward from the club. It is the opportunity for those fans who are truly loyal with their club. The loyalty is measure by different parameter that is defined by the club. As reward they get free visit to the club. In the form of reward, they have an opportunity to meet with their favorite athlete. Fan can get autograph from their loving players.
Choose a Fan Token in the Socios application and do a detailed fundamental analysis. (Screenshot Required)
FC Barcelona is a Spanish football team. FC Barcelona is very famous football team in all over the world. Barcelona join Socios.com platform and make Token named as $BAR. This Token is launched in June 2020. They scheduled to release 5 million BAR token every year within six years. Total supply of $BAR token is 40,000,000. From this 0.6 million is distributed among the fans. All remaining token are used by Barcelona itself for performing the community activities.
$BAR token is released for fans to take part in club decisions. The people who own $BAR token are able to make decisions for FC Barcelona club. $BAR Token is based on ERC-20 and BEP-20 network. It used the Chiliz Blockchain technology.
Here is daily chart of $BAR. This chart is taken from Coinmarketcap.
In this figure you can see the further details about $BAR token. In this figure the Price, volume, circulation Supply and Total Marketcap and many more is shown.
Price change and Low/high of 24 hours is also mention. For more clearance I mention all the details in a table.
| Entities | Values |
|---|---|
| Current Price | $18.85 |
| Price Change24h | $-0.5252 |
| 24h Low / High | $18.63 / $19.35 |
| Volume 24h | $4,707,254.59 |
| Rank | #490 |
| Market Cap | $63,266,765.37 |
| Fully Diluted Market Cap | $755,202,913.63 |
| Yesterday's Volume | $9,703,740.41 |
| 7 day Low / High | $16.22 / $21.18 |
| 30 day Low/High | $16.22 /$25.26 |
| 90 day Low / High | $12.61 / $29.15 |
| All Time High | $79.26 |
| All Time Low | $2.52 |
| Circulating Supply | 3,350,981 BAR |
| Total Supply | 40,000,000 BAR |
As we know the blockchain technology being very pupilar in these days. Everything attracts toward blockchain technology due to it secure and better network. In Blockchain technology their is no central authority, decisions are made by the peoples.
Socios.com is a platform that is made to acquire the sports industry in blockchain circle. in this platform different categories of supports are added. And different clubs regarding with their support category is also added. this is a blockchain based platform. it provides authority to its fans by issuing the fans tokens.
These fans tokens allow the user to make decisions in the club activities. These decisions are acquired on the bases of voting power. the decision which has more voting sport is selected. There are other feature that is offered by this platform. One is fan token other is polling and third is reward.
the who own token are able to get reward from it corresponding club. Reward is in the form of free visit to club and arrange meeting with their favorite player and many others.
This platform is very good because it evolves the sports industry in blockchain technology. we can use club token for the investment purpose because the values of these token are increase since they are created. Overall this is a good lecture about socios.com platform.
Hi @allan.fakeer, Thanks for taking my class.
Based on the homework that you have made, here are the details of the assessment you get:
My Reviews and Suggestions:
CC: @sapwood
Thank you professor for positive response. I'll keep your point and avoid those in next homework task.