Sorare Token: definition and explanation
Are you a big soccer fan? Do you like to play soccer all the time? For some people, soccer is just a hobby game to be played in free time, but have you ever thought of playing soccer for business purposes?
Yes, you heard it right, it is possible, and we have the best Sorare recommendation for you! Introduced in 2019, Sorare is a full fantasy-based soccer platform running on Ethereum Blockchain. It includes the most important leagues in North America, Asia, Europe and South America. Let's get into more discussion on what the Sorare token is all about! Join Sorare now and win a free card thanks to the partnership between Sorare and Sorare Academy
Is Sorare a Token?
Sorare is not a token. While many people think Sorare is a tradable token , it is false. . Sorare is not a token. A Sorare token is actually a Sorare NFT.
What is Sorare?
What is Sorare? Sorare is a fantasy soccer game that revolves around Blockchain. Through this platform, users can participate in exciting tournaments, trade players, and compete to win countless prizes every week.
It is simply a fantastic process in which the supply of cards is limited. Therefore, this means that you must have the best players to get rewarding results while trading. Once you sign up, you will get about ten free cards.
Each season you will get a limited supply of cards that will not expire. You are free to enter different tournaments unlimited time. Join Sorare now and win a free card thanks to the partnership between Sorare and Sorare Academy
We tell you about the beginning
The Sorare play was developed by Nicolas Julia and Adrien Montfort in 2018. This platform consists of buying, selling and trading virtual teams using digital player cards. Read more about Sorare NFT or Sorare
The list of Sorare investors is as follows:
- Chris Hitchen
- ConsenSys Ventures
- Kima Ventures
- Seed Camp
- Thomas France
- e. companies
- Fabric Ventures
- Andre Schurrle
- Semantic projects
- Cygni Capital
- Cassius Family Fund
- Alexis Ohanian
- Gary Vaynerchuk
- Andrei Brasoveanu
- Antoine Griezmann
- Rio Ferdinand
- Oliver Bierhoff
Join Sorare now and win a free card thanks to the partnership between Sorare and Sorare Academy
Is Sorare decentralized?
On the Sorare NFT platform, it is believed that individuals fully empower public blockchains. Decentralization is still possible at the high cost of performance and complexity. Sorare aims to support the adoption of the primary flow of blockchain technology.
With the help of Sorare NFT, you are free to play and collect, using officially licensed soccer player cards (aka soccer). Combining the world famous sport with blockchain technology is a recent progress. But it is still necessary to include it in the latest technological choices in the future.
How does it work?
All soccer NFTS are filtered with four different positions. Therefore, this includes the midfield, goalkeeper, forward, and defender. There must be at least one player from each position and the last player from another position to form a team. To see all your cards, you can go to the gallery.
As soon as you have collected enough players to form a team, you can click on the "Build my team" option. A new pop-up page appears where you have to choose the players for each position! Click on the star symbol to choose a captain for your team. Once you have assembled the team, click on the "Submit" option.
Each player on the team will be available in 1111 supplies and three rarity types. The overall breakdown will be 1000 limited, 100 rares, ten super rares, and one unique.
Why it is unique?
Sorare NFT runs on Ethereum's underlying blockchain network system to secure the distribution and ownership of cards. Each player card is unique and personally owned by the player.
Player cards in Sorare coingecko are validated by blockchain, where the value is depreciated or appreciated according to market rates.
Is it a good investment?
The best thing about the Sorare token is that you don't need to think about depositing any money. All you have to do is enter your bank details, and within minutes, you will be able to successfully sign up for the Sorare token.
Once you become a Sorare token member, you must choose ten free bonus cards. You can use these cards to participate in all tournaments or choose one tournament from various options. Therefore, you must use standard cards for the rookie league, which a team leader can use almost eight times. If you want to transfer or move to a higher league, you have to invest in your account.
What is the SOR token?
The SOR token works like a digital trading card. It is quite similar to a limited edition printed card or a piece of art with some tangible value inside the online market.
You can freely sell or trade the token or Sorare cards. Similar to the Blockchain-assets, they cannot be stolen.
How many SOR tokens?
SOR tokens serve as representation for certain soccer players. A SOR token includes:
Unique: 1 copy
Super rare: 10 pieces
Rare: 100 pieces
Limited: 1000 pieces
Is the SOR an ERC-20 token?
Yes it is. It has made itself a technical standard where it is mainly used for all kinds of smart contracts on Ethereum Blockchain to implement the token. It even provides you with some basic rules that all Ethereum-based tokens must follow.
Moreover, ERC-20 is quite similar to Litecoin and Bitcoin in terms of trading. These tokens work as blockchain-based assets that you can send and receive seamlessly.
How do I get SOR Crypto?
To buy SOR crypto, you need to have a wallet which is an online application to hold your currency safely. You need to create your account on the exchange and then transfer all your real money to buy the SOR token.
Can I bet Sorare token?
You can bet SOR token through Blockchain technology. You can also call them cards that act as licensed digital collectibles. Players can use and exchange the token safely.
How do you earn money with SOR?
You can earn points and win money in almost all SO5 league games. The league score is derived from data on Opta, where the points awarded and deducted are calculated for each player.
Scoring a goal will earn you seven points where a missed penalty or red card will cause you to lose 5 points. Captains will also receive some bonus points. The captain will get the rewards for each tournament which includes Rare as well as Super Rare Cards.
Is Sorare Token Legit?
Sorare token is a legitimate platform that is all about a fantastic soccer betting system. This Sorare token platform works under the official partnership with various teams such as Juventus and over 100 others. You can use Ether to play against the rest of the players by making your team.
You can exchange your winnings using your ether card, which you can sell on the market depending on the reality of your wallet either. Through this platform, you will get ten free cards to join. This entire Sorare token site works as an affiliate program.