[Beginner Course] Steemit Crypto Academy Season 4 Week 1 | Socios.com - Blockchain Based Platform For Sports Industry by @chibuzorwisdom for Professor @wahyunahrul

INTRODUCING SOCIOS.COM PLATFORM FOR SPORTS

Socios.com is an Ethereum based blockchain platform created to provide Crypto acquisition,trading opportunities, and voting rights to fans of different sports club and teams.
The Chiliz project known as socios.com is owned by a Malta-based Mediarex Group which was founded in 2012.In other words,Socios.com provides digital transformation needed by sports clubs through blockchain technology.

SOCIOS.COMPARTNERS

Socios.com has the Chiliz token ($CHZ an ERC-20 token) as its primary exchange token.The tokens in Socios.com technology are regarded as Fan Tokens each being specific to a particular sports team.Socios.com technology is not limited to football teams rather its advancement incorporates other teams from Motorsport, basketball,Cricket,Gaming, and Fighting etc.

SOCIOS.COM FAN TOKENS

List of Fan Tokens

POLLING FEATURES OF SOCIOS.COM

There are a lot of Features under this category which gives a sports club fan the right to be a true influencer of the decision making process.This Features include

• Being able to use your fan token right to rename a training pitch after a legend.
  

  source

• Change a new goal celebration song

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• Choose the player of your choice for Instagram takeover/stadium

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• Pick a message you prefer for the Captains armband

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SOCIOS.COMREWARD FEATURES

The platform has a lot of gift rewards for participating fans.This rewards are issued directly to the fan. Some of this rewards can be won during promotional advertisement

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while others are distributed depending on the reputation of the fan involved.some of this gainful rewards includes team jersey, T-shirts, footballs,free building of profile walls and individual fan page featuring etc

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EFFECTS OF SOCIOS.COM BLOCKCHAIN IN THE REALM OF THE SPORTS INDUSTRY

The evolution of sports like football has triggered a lot of growth changes in the global economy.Remember that during the apex stage of the Corona virus pandemic in 2020 where no spectator was allowed into the stadium.England suffered 9.8% GDP loss which was the second huge drop in GDP since 1948.Decline in sports activities played a big role in this drop and thus was brought back to live within the first ease of the lockdown.

The integration of blockchain technology into different sectors of stock exchange have also increased the growth of global economy.Therefore the integration of blockchain technology into the world of sports through SOCIOS.COM will increase global economy at a notable rate within a short period of time.This will also increase the knowledge of crpytoassets among many sports clubs and their respective fans, fostering more interest on blockchain technology.

SOCIOS.COM A GOOD PROSPECT AS AN INVESTMENT VEHICLE

All my life as a youth, I have learnt one significant thing which is that any investment in sports will always pay huge returns with time.For example, when we look at the huge returns of the sport betting industry despite numerous competiting sites one can ascertain that SOCIOS.COM which has almost no competition at this point is a good investment platform.

An overview of the price of CHZ token also shows that it has been on the increase since early 2021 thus a very good investment vehicle for investors and lovers of sports.

HOW TO INSTALL SOCIOS.COM APP

• Step 1

Download the SOCIOS.COM app from your Google

playstore for Android users or from your IOS Appstore for iPhone users

• Step 2

Choose the GET STARTED option at the starting page of the SOCIOS.COM

app after successful completion of the download.

• Step 3

At this stage you are requested to enter your mobile number.All you need to do is to enter your cellphone number and click on the SEND CODE button.This stage takes a while to complete.So

I will advice you to be patient and keep redoing the process until you get the verification code sent to your mobile number.Once you enter the code,the verification process will complete automatically and you will be taken to the registration formal page

• Step 4

Enter your username in the space provided followed by you email address and then tick the small privacy policy acknowledgement box

and finally the Register now button.At this point you are good to go.

• step 5

A verification link will be sent to the email address you entered for registration with some seconds from the time you input

the email.Hurry to your mail boss and click the verification button.

• Step 6

My account creation is now very successful and I am very much good to go to the next phase which is the profile

verification process.

• Step 7

At this point, the app interface will guide you through a four stage step by step process on how to use the app effectively.Click on the finish

button below when you are don going through this simple stages.

• Step 8

Click on the human icon on the top left hand side of the screen to complete Further verifications.We have 4 level verification at this point.

for the benefit of this course you can stop at level 2 significantly.

• Step 9

At this point you are meant to see your current level of verification.For now you can see that I am at level 1 though I have submitted

my application for level 2 which is undergoing scrutiny at this time.

• Final Step 10

I have acquired 1 SSU token after this first stage of verification and therefore I am cleared to excersize my voting rights in the SOCIOS.COM app

once I purchase the $CHZ token and swap with my favourite club tokens.

INTRODUCING ALLIANCE FAN TOKEN $ALL

In April 2013, Alliance which is a Swedish gaming organisation was founded by Team Razer and Alex Garfield.The team stability as one of Europeans Dota 2 team is renowned.

The Alliance $ALL fan token first distribution poll took place on Friday 11th December 2020 in the socios.com app. With Jonathan Loda Berg as the head of the alliance team.

A maximum supply of 5 million $ALL token was made available to fans while a limited number of the remaining tokens were pegged at $1

Alliance is the fourth eSports organisation to join socios.com with its fan token given voting rights and promotion gains to the holders.

4.01$CHZ token as at the time of completing this post is selling for 1.13 EUR

HOW TO PURCHASE $ALL FAN TOKENS THROUGH SOCIOS.COM APP

• STEP 1
  First of all you need to fund your app token wallet with its primary token which is the Chiliz token $CHZ.Go to your wallet and Click on the
  
  
  Top Up button to purchase the $CHZ with your local currency.

• STEP 2
  You see that 1EUR = 3.597CHZ at this time.
  You input the amount
  
  
  
  of CHZ you want to fund your wallet with and click on proceed to payment button below.

• STEP 3

You will be redirected to the payment platform of your choice.A list of

payment platforms are shown which includes Skrill,paysafe,visa,MasterCard and Rapid etc.

• STEP 4
  The amount of $CHZ fan token you bought will automatically be added to your wallet ready to be swap with your
  
  
  
  favourite team token like $ALL which is the Alliance team token.For $ALL fan token,Click on the buy button below

• STEP 5
  Conduct Swap according to the rate displayed on the screen to get
  
  
  
  your $ALL fan token.Thank you.

The screenshot below shows some of the voting rights a fan can excersize with this token.

Conclusion

The integration of blockchain technology into the realm of sports is a very welcomed development considering the powerful role each of them play in the global economy. SOCIOS.COM partners with s a lot of sports clubs to Provide an intermediary leverage for this integration thus providing a Crypto exchange platform for sports fans to have more dorminant rights over the decision making of their team of choice.

This integration is meant to bring fans closer to their clubs no matter their distances apart.Also it will increase the awareness of cryptocurrency in the society and thus increase market liquidity and scalability.

The chiliz token ($CHZ) is the primary fan token of SOCIOS.COM network with about 42 other fan tokens assigned to each member clubs from different categories of sports.

*** Thank you for reading my post

Cc: @wahyunahrul