The Residual Income Diary: Episode 4 - Football Index

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Written by

#Club1BCH

3 years ago

In community: Cryptocurrency and Blockchain(7b7f)

At the beginning of March, I was looking into ways to earn from different sources and to fund crypto investments from there. This is how I came across Football Index.

The journey was smooth and up do date I earned more than $150 from dividends and trading real life players when they are bagging lots of goals. All the rewards are going into Binance, adding more Binance Coin or Swipe to my portfolio

Football Index is a UK-licensed and regulated platform, that allows users to predict the future success of football players. Shares of footballers can be bought for a chance to win daily payouts - referred as Dividends. The dividends are calculated based on player performance on match days, and their presence in the platform's Media Rankings which pay out on the top trending footballers each day. Traders can build a portfolio to capitalise on footballers' form and try to win Dividends based on their performances and media attention. The Shares value rises and falls based on supply and demand from Traders. In-demand footballers, stars and young talents will become more valuable. You can buy up to 300 shares for each footballer in one transaction, but you can do as many transactions as you wish.

Ways to generate income and boost the portfolio:

* Capital appreciation and using the "buying low, selling high" method. Buying a player that has potential and HODL can bring profit, same as any cryptocurrency. Due to the Covid-19 pandemic and the halt of all football competition, the overall value of footballers declined, being expected to rise again when the Leagues will re-start. Germany is the first major football league to restart, with the first scheduled game on the 15th of May. I chose Timo Werner from Red Bull Leipzig and focused my portfolio around him. As a long term investment, I bought shares in youngsters with potential.

* Match-day dividends will be paid out for the competitive performance. Match Day Dividends are won across Europe's top leagues : England, Spain, Italy, Germany, France and European football tournaments: Champions League and Europa League. Eligible competitions may also include additional competitions as and when they are available.The amount of Match Day Dividends paid out depends on the number of, and the prestige level of, the football matches taking place on that day. The top scoring defender, midfielder, and forward from each match day will win Dividends based on the number of points they accumulate using Opta stats.

* In-play Dividends are a supplement of Match-day dividends. Traders winning Dividends for every goal, assist, or clean sheet, their players produce in the Trader’s first 30 days of owning the shares.

* Media dividends are paid to users daily. Footballers are attributed points based on the nature of the mention, and the player with the most points at the end of the day finishes top of the Media Rankings, winning the Dividend for traders who own shares in him.

Long term plan consist in really cheap players and lots of shares, either youngsters from top leagues with the prospect to join elite teams or fairly unknowns ones which are linked to top teams in Europe.