When Crypto Meets Football (Soccer)
A new football trading platform launched a few months ago which is a great way to accumulate Ethereum!
Welcome to the seventh article in my ‘StocksFC’ series. If you don’t have a StocksFC account yet then sign up right now using the link below. It’s totally free to sign up and it’ll give you access to explore the site which will help you digest all the info in my StocksFC series of articles as there’s lots to discuss.
What Is StocksFC?…
StocksFC is a crypto Play-2-Earn model where you trade based on your football knowledge using the Ethereum cryptocurrency.
When Did The Platform Launch?…
The platform officially launched on the 1st of May 2023. However, it spent half a season going through the beta testing period in 2022. The launch of the platform has been extremely smooth and so far we’ve seen the overall market cap increase on average by 15 Ethereum per week.
Can You Explain The Basics To Me?…
Each week roughly four players get IPO’d onto the platform. Each player has a maximum supply of 100,000 stocks and the player's IPO normally lasts 48hrs. At the end of the 48hrs, a player has sold X amount of stocks and that becomes his supply on the platform. Any of the 100,000 stocks that didn’t sell get destroyed forever.
What a player does on the pitch in real life translates to a score on StocksFC. The 11 players with the best scores at the end of each week make it into the ‘Team of the Week’ and those players win rewards in Ethereum. Scores also get tallied up for ‘Team of the Month’ and ‘Team of the Season’ where players win more rewards if they make it into one of those teams.
StocksFC has a Transfer Market where you can trade players with other users. Buy a player who has a good batch of fixtures coming up or sell someone who is out of form. As long as a player is in your portfolio then they’re eligible to win rewards.
What Rewards Are On Offer?…
The main rewards will come from the ‘Team of the Week’ and the ‘Team of the Month’ payouts. If one of your players makes it into the ‘Team of the Season’ then that’s a nice little bonus at the end of the season and for the first 30 days that a stock is in your portfolio, it’s eligible to win ‘In Play Rewards’ in the form of Goals, Assists and Key Passes.
How Do I Increase My Stash Of Ethereum?…
Personally, I see three ways to profit from this platform…
- Rewards - I spend the next however many months building my portfolio and if my football knowledge leads me to pick the right players then I’m going to have plenty of Ethereum coming into my account from the rewards I win.
- Trading - As the platform has only just launched it means we have the opportunity to buy players at their IPO price which in most cases will be the cheapest price we see each player at over the next couple of years. This means further down the line as the user base grows and people who missed a certain IPO will be forced to buy players from the Transfer Market. The likelihood is you’ll be able to sell most players for a profit further down the line leaving you with more Ethereum than you originally put into that player.
- The Price of Ethereum - With the price of Ethereum being fairly low at the moment ($1,900 per coin on 18/07/23) whilst crypto is exiting the current bear market means you’ll profit off the price of Ethereum increasing. My plan is to put Ethereum into StocksFC now whilst it’s cheap, and spend the next couple of years building a portfolio that wins me rewards and enables me to sell players for a higher price in the future whilst the price of Ethereum is slowly increasing. At the height of the next bull run, I’ll look to sell off a certain percentage of my portfolio to either get my original investment back or maybe double my original investment depending on how well I’ve done.
How Is The Platform Sustainable?…
The StocksFC business model has a number of key components that makes it sustainable…
- Percentage Payouts - When the rewards get paid out each week or month it’s a percentage of the wallet that gets paid out which means the wallets can never go to zero. 5% of the Team of the Week wallet gets paid out as rewards each week. Trading on the platform and money being invested through IPOs means the wallets get replenished. This wallet setup means the platform will always be able to pay out rewards.
- Shareburn Feature - Whenever a trade is executed on the Transfer Market 1% of the stocks being purchased get burnt. This means every player's supply on the platform is deflationary and over time the number of stocks available for each player becomes more scarce.
- Staking - All the money that gets spent on IPOs gets chopped up and sent to several different wallets. 20% of that money goes into the staking wallet. The StocksFC team will then use this money to run an Ethereum validator node or place it in some sort of Ethereum staking program to produce a yield. That yield will then get placed into the platform by being added to the reward wallets which is another way they continue to be replenished.
Conclusion…
The StocksFC business model is a solid one with sustainability at its core. I’m really looking forward to playing this platform over the next couple of years and seeing how much I can grow my stash of Ethereum. Most importantly the buzz of watching football knowing I have certain players in my portfolio that could win me money is back and that’s what I’ve missed the most.
None of what I’ve written above should be considered financial advice. As with all new projects comes a certain amount of risk but for me the pros far outweigh the cons with this project. For transparency, I have zero affiliation with the StocksFC project, I’m simply a guy who likes writing about decent projects I come across. Do your own research and draw your own conclusions.
I suggest you use the link at the top of the article to create a StocksFC account. Once you’ve done that you’ll be able to explore the site and delve into every aspect of the project.
To further your education regarding the StocksFC project click here to read their whitepaper.
I also host a live Twitter Space once a week called ‘The StocksFC Files’ which I then turn into a podcast episode the next day so have a listen to that on your favourite podcast apps or come and tune in live on Thursday or Friday nights. Follow me on Twitter at KrisTalksCrypto or check out my newly launched YouTube channel where I’ve got a couple of StocksFC videos.
Anyway, that wraps up the 7th article in my ‘StocksFC’ series. If you missed article number 6 then check it out below…
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© Kris Talks Crypto — Article #7 in my ‘StocksFC’ Series.
