All Sports

All Sports Coin (SOC) is a digitally encrypted virtual currency based on smart contracts and blockchain technology tailored to sporting content, community-based spending, and incentives in various situations. As mentioned in its whitepaper, All Sports Coin is the cryptographic token used on the public blockchain known as All Sports blockchain. In simple terms, SOC can be defined as the native currency or token for the All Sports public blockchain used to combine the sports industry and the application and business environment of the sports ecosystem chain by blockchain technology.

According to its whitepaper, SOC is a non-refundable functional utility token that exchanges or trades digital assets between participants on the All Sports Platform. All Sports blockchain aims at filling the gaps of blockchain applications within the sports industry utilizing blockchain technology. SOC blockchain aims to develop a globalized, decentralized, infiltrated sports industry chain that both parties share.

The All Sports Coin (SOC) does not represent any participation, shareholding, title, or right in the foundation, company, or affiliates. Moreover, All Sports Coin does not entitle token owners to any promise of revenue, returns, fees, or any security. SOC is created to be used only on the All Sports Platform. The ownership of the cryptocurrency carries no other right than the right to utilize SOC as a medium of enabling interaction and usage with the All Sports Platform.

Summarizing the aim and attributes of All Sports Coin, it can be stated that SOC and the All Sports Coin platform may provide an infrastructure that might be useful to allow third parties to build a decentralized application for trading. Additionally, All Sports also possess the ability to offer its entertainment and prediction market platform. Users can also host their prediction market or participate in existing markets by utilizing SOC tokens. SOC platform also aims to offer third-party vendor access for large prediction providers across the world.

The Q1 phase was developed in 2018 with the motive of completing the underlying structure design. The phase also aimed to increase incentives for the support of the underlying system. The Q2 phase started the development of sports entertainment applications to promote a wider scale of sports. The Beta version of the platform went online in the Q3 phase in 2018. The Q4 phase marked the completion of public blockchain development. The Q1 and Q2 phases of 2019 embarked on establishing a sports prediction entertainment platform and relocation of the public blockchain.