Crypto Academy Season 4 (Week 1) - Homework Post for @wahyunahrul (Socios.com - Blockchain Based Platform For Sports Industry)

Socios.com is a blockchain-based platform to bring fans closer to the clubs they love. Socios.com is a platform launched by blockchain chiliz in 2019 and is engaged in the sports industry. So with this platform, the fans will also be involved in making decisions. how's the system?

So because the purpose of this platform is to allow fans to engage with the club they love, surely the fans who really idolize the club want the best for the club they love. while fans can buy fan tokens to vote for the club, this way the club favored by fans will also be helped, and fans who buy the most fan tokens will be entitled to an appreciation in the form of votes in important club decisions such as logo design, jersey design, and other decisions.

Even if we see that there are so many football teams that have collaborated with socios.com, there are other sports that collaborate with socios.com. as seen in the screenshot below.

• Football

source from Socios.com

• Gaming

source from Socios.com

• Fighting

source from Socios.com

• Motorsport

source from Socios.com

• Cricket

source from Socios.com

• Basketball

source from Socios.com

As seen in the picture above, there are many types of sports that have collaborated with Socios.com, even giant clubs in the world, such as football, have also collaborated with Socios.com. With so many fans and fans in the sports industry, socios.com's future prospects will be very good in the blockchain-based sports industry

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

As we all know that sports are an important part of human life, some people make sports a hobby, and some people make sports their world of work. The field of sports is a very popular field at this time. For example, in football, not only players who are in the industry but fans or spectators are also involved in it.

If we combine blockchain and the sports industry, it will be very effective in the future for fans to be directly involved in the industry. so that the reach of the industrial business will be more easily accessible. and fans can feel the impact of the sports industry that he loves.

at this time social media is very useful for fans to see the activities of clubs and players they like, with the blockchain system in the industry, fans can contribute more to the clubs they like and fans can also feel the benefits by getting virtual tokens that they like. can be exchanged for other services, so fans can participate directly using a platform, one of which is socios.com

With the advantages of the blockchain system such as transaction speed and security when combined with the sports industry, it will be very effective to use. for example the audience can buy tickets with the blockchain system, the player transfer process is used with the blockchain system. using a mechanism like this will make the sports industry environment very effective and efficient.

So it can be said that both sides will benefit from each other, the blockchain system will be more widely known, and the sports industry environment will feel a very big effect. this is a very good revolution in the world of the sports industry

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

I think Socios.com has very good prospects in terms of investment, Moreover, Socios.com is trying to establish cooperation with big clubs that are well known, one of which is "Inter Milan". like the picture below.

source

Socios.com collaborating with well-known clubs, many football fans will see Socios.com, and football fans will also join this platform so that with more users joining Socios, prospects in the future will be even better.

This is a very good token to invest in, we can see another example when a star player like lionel Messi moved to PSG many Lionel Messi fans bought $PSG tokens so that the token reached its highest price, which can be seen from the news below.

source

From the news above, we can see that Messi arrived in Paris on August 10, 2021, let's look at the graph below.

source from tradingview

when Messi arrived in Paris on August 10, 2021, the price of the $PSG token also rose to $61.39, it could be said to have reached an all-time high at that time

so it can be said that with the popularity of the sports world and the number of fans in the field of sports, it can be said that Socios.com has very good prospects in the future.

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

Steps to Install the Socios Application

• Alright First thing to do by visiting Play Store on my android then install the app. after installing the application a new page appears and click "Get Started".

• After that we are asked to enter the mobile number, after entering the mobile number click "Send Verification Code". Wait a while after that a code will be sent via our mobile number, enter the code, after entering the code the verification process will be received immediately.

• After that, we enter the registration page, enter the username and email, then put a checkmark in the column provided and then click "Register Now". and you will be sent an email then click "Verify Now" on the email you received.

• And your account has been created. after that go back to the socios application and click "Finish".

• To make sure your account has been verified click the icon in the upper right corner. and you can see your username and level.

Features In the Socios Application

• $CHZ, the place to buy CHZ tokens

• Market, a place to trade fan tokens and CHZ pairs such as ACM/CHZ

• Vote, A place to cast your vote as a fan for decision making

• Predict, A place to predict the outcome using tokens to get rewards

• Chat, Place To discuss something with other users according to the selected chat room

• Wallet, a place to store your token, there is 1 SSU that I got from the account verification process

• Hunt, Where to hunt tokens

• Feed, Where to get the latest information on sports involved with crypto

• Rewards, Places featuring badges and leaderboards

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

screenshot from Socios.com

Fundamental Analysis - FC Barcelona Fan Token (BAR)

source from coingecko

• Price and Rank

The FC Barcelona Fan Token (BAR) has a current price of $17.76, which is quite a high price for other coins. and BAR also has a rating according to coingecko of 526 compared to other cryptocurrencies

• Trading volume

The FC Barcelona Fan Token (BAR) has a trading volume of $4,470,057. so it can be said that BAR is one of the tokens that continue to be traded on the market.

• Market Cap

The FC Barcelona Fan Token (BAR) has been in circulation and when multiplied by its current price it has a market cap of $52723548. So Bar has potential as a future asset.

• Circulating Supply

The FC Barcelona Fan Token (BAR) has an outstanding supply of $2950654 out of a total supply of 39960000 from the token's initial launch.

source from coingecko

• All-Time High
  FC Barcelona Fan Token (BAR) has the highest price that occurred on March 16, 2021, at a price of $56.50. This is a fairly high price and this year, it can be said that this coin has the potential to touch that price again.

source from coingecko

• All Time Low
  The FC Barcelona Fan Token (BAR) had its lowest price on September 7, 2020, at $2.96. Until now BAR has never touched that price again, so it can be said that this token has a lot of potential in the future

6). Conclusion.

Along with the development of an increasingly sophisticated era, blockchain systems are also increasingly being introduced in various industries, for example, for now, blockchain has been introduced in the sports industry, this is a very well-known industry and has a lot of fans. The entry of blockchain into the sports industry really helps fans to get closer to the club they love. One of them is that fans can be directly involved in the club's decision-making by buying fan tokens.

one of the facts is the socios.com platform which has collaborated with various sports industries and even big clubs in the world are also involved in it. This is a quite unique innovation, these tokens can be traded on Socios.com who is involved in clubs that they like.

With 2 sides that are quite well known, namely blockchain and the sports industry, it is not impossible that socios.com will be more famous in the future, so it can be said that socios.com has very good prospects as an investment in the future.