What Is All Sports (SOC)?
Welcome to the All Sports (SOC) exchange page, where you can exchange SOC for more than 300 cryptos. All Sports is a blockchain focused on the sports industry, which tries to bring decentralization and transparency to both athletes and fans.
All Sports is a blockchain platform that aims to create a decentralized ecosystem for the sports industry. In this ecosystem, all participants can interoperate in a transparent and decentralized manner. This includes athletes, clubs, fans, brokers, and broadcasters.
To achieve this, the team behind All Sports has created the SOC cryptocurrency. It is an ERC-20 token that runs on the Ethereum blockchain. As such, it uses the layer 1 solutions of Ethereum, making it a highly secure solution for payments and settlements.
The goal of the All Sports platform is to allow the community to have immediate access to all important events and dealings in the sphere. Moreover, it aims to provide clubs, brokers, and athletes with a place where they can easily exchange and trade IPs (Intellectual Property).
This process has been notoriously opaque in the past, and both clubs and players suffer from deals that are done behind closed doors. The SOC crypto would allow these participants to be equal and have access to all information, as it would be recorded on the immutable blockchain ledger.
In a nutshell, All Sports aims to provide:
- A transparent platform for trading IPs, where the SOC crypto will be used for transactions.
- A sports entertainment and betting platform where people can use the data from the blockchain to place bets and predict sports outcomes.
- An open streaming platform for sports, where users can pay with SOC crypto to access the content.
All in all, All Sports is an interesting project that could have a great impact on the sports industry as a whole.
All Sports Price Index
Because the SOC cryptocurrency was released just before the peak of the 2018 bull market, the All Sports price reached all-time highs during the ICO mania. The SOC price chart shows us that the price skyrocketed somewhere in May 2018, a few months after the rest of the market had entered a bearish downturn.
While other popular coins such as BTC, LTC, or Ethereum were caught in a downward spiral, the SOC price was reaching new heights. However, this euphoria was short-lived, as the price crashed considerably during the bear markets that followed.
With that said, the project seems to have picked up the pace considerably in 2021. After Huobi relisted the SOC token and allowed deposits and withdrawals, trading volume has gone sky-high since March 2021.
Circulation of All Sports
As mentioned previously, the All Sports cryptocurrency is an ERC-20 token that resides on the Ethereum network. As such, all of the tokens that are in circulation have been premined and released to the public.
The total supply of the SOC token is 1.5 billion, and that’s the same number of tokens in circulation today. There’s no mining mechanism for creating new tokens. And because the cap has already been reached, the value of SOC should rise over time, along with the popularity of the coin.
Ways of Buying SOC
SOC has been around for more than 3 years. At this time, a number of popular exchanges have listed it, including Huobi, Okex, and HitBTC. Huobi remains the leader in volume, as most of the community exchanges SOC there.
However, all of these exchanges propose only a limited number of market trading pairs to convert SOC. More precisely, there are only 2 ways — with BTC or USDT. There’s no streamlined method where you can exchange All Sports to USD directly.
Godex solves this issue, offering more than 300 market pairs if you want to proceed with an All Sports exchange. Consequently, you can use all popular cryptos to swap SOC on our platform — Ethereum, Litecoin, Binance Coin, and many more.
If you want to buy All Sports, the process is quite simple. Just purchase one of the 300+ supported cryptocurrencies and swap them for SOC. You won’t even have to create an account on Godex to do this. Simply use our SOC converter and indicate your ERC-20 wallet address to receive your coins immediately.