An Indian cryptocurrency exchange strategies to present no cost digital assets to athletes who have won medals at the Tokyo Olympics.
Cryptocurrency platform Bitbns intends to open a systematic investment (SIP) scheme in crypto assets for Indian medal-winning athletes at the ongoing Tokyo Olympics.
The initially athletes to get no cost publicity to cryptocurrencies have been Mirabai Chanu and PV Sindhu. Mirabai Chanu previously won a silver medal in women’s 49kg weightlifting, when PV Sindhu won a bronze medal in women’s badminton singles at the Tokyo Olympics.
Specifically, Bitbns strategies to put into action SIP accounts and grant just about $ two,700 in cryptocurrency to Olympic champions, $ one,350 to silver medals, and $ 675 to bronze medals.
Bitbns will transfer the money to their accounts and immediately after finishing the KYC aims, the athletes will consider more than with cryptocurrencies this kind of as Bitcoin (BTC) and Ethereum (ETH).
At the exact same time, Bitbns explained that they will construction the SIP more than a three-five 12 months time period and therefore the medal winners will be ready to make lengthy-phrase earnings by way of Bitbns. Gaurav Dahake, CEO of Bitbns, mentioned:
Bitcoin and Ethereum have been the greatest carrying out assets of the final decade and have supplied exceptional returns. We cannot wait to allow our winners practical experience this awesome journey.
According to a latest research, Indians have improved their cryptocurrency investments from $ 200 million in 2020 to $ forty billion in the initially 6 months of this 12 months, exhibiting that their need for dollars has improved appreciably.
What’s even a lot more outstanding is that the Indian individuals, notoriously avid gold supporters, have begun to shift their investment approaches from treasured metals to cryptocurrencies. The survey adds that the amount of cryptocurrency traders in India is 15 million, appreciably surpassing a properly-created nation like the United kingdom, exactly where two.three million persons are previously concerned.
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