socrates Price

SOC (All Sports Coin) is a type of token mainly used for sports event betting and community open platforms. Below is an introduction to SOC:

1. Project Background: SOC is a token launched by the All Sports public blockchain platform, aimed at leveraging blockchain technology to provide sports information, community open platforms, betting entertainment, and other services.

2. Functionality: The main functionalities of SOC include:

3. Allowing users to participate in sports event betting through All Sports, as well as self-organizing and initiating bets.

4. Allowing developers and enterprises to create blockchain betting applications via the All Sports platform.

5. Providing a smart distribution system to assist in the management of betting projects, intermediaries, and distribution channels.

6. Partnerships: SOC's sole strategic partner is the AllFootball APP, where users can use SOC for betting.

7. Technical Features: SOC utilizes blockchain technology to provide decentralized betting services. However, users have questioned whether its betting functionality truly achieves decentralization or simply employs traditional betting methods.

8. Regulatory Issues: The backgrounds of SOC's project team and partners are unclear, raising questions about its legitimacy and regulatory issues. Although its servers are located overseas, it may still face domestic regulatory challenges.