India has so far been assured of five medals in the Tokyo Olympics 2020. Today, Indian men’s hockey has ended its Olympic medal drought after 41 years and defeated Germany to clinch the bronze medal. Now to honor these medal winners, a cryptocurrency exchange has decided to give them a Bitcoin SIP of lakhs of rupees. According to the crypto exchange Bitbns, the SIP account of the medal winning Indian players will be opened. There will be a bitcoin SIP of Rs 2 lakh for the Indian player who won the gold medal, Rs 1 lakh for the player who won the silver medal and Rs 50,000 for the player who won the bronze medal. It can start with Mirabai Chanu and PV Sindhu. Chanu won a silver medal in weightlifting and Sindhu won a bronze medal in badminton, becoming the first Indian woman to win two Olympic medals.
These medal winners will have to complete their KYC. After this, the amount of SIP fixed by the company will be auto-credited to their account. According to the information given by the company, the SIP is for a period of 3-5 years. With this, these players will have digital assets and they will have a fixed source of income in the long run.
SIP in Rs 100 per day
Investors can start a SIP in cryptocurrencies through the exchange’s Bitdroplett SPP (Systematic Purchase Plan). Users can invest in cryptocurrencies like bitcoin and ethereum for a minimum of Rs 100 per day. Under this investment can be made in installments on daily, weekly, monthly basis. According to Gaurav Dahke, Founder and CEO of CryptoExchange, Bitcoin and Ethereum have been the best performing assets over the last ten years and have given bumper returns to investors. According to Dahke, it is his attempt to pass on the benefit of this return to the Olympic winners.
Money can be deposited in the wallet through UPI on cryptoexchange. After this the money will be automatically invested in cryptocurrencies at regular intervals (whichever you choose). One can easily sell it on cryptocurrency to cash it out and it will be redeemed from wallet to bank account through the platform.
‘Culture of giving best in sports will be encouraged’
Dahke says that the Indian youth are spending their lives for Olympic medals, so the exchange has started this small initiative for them. This will encourage the culture of giving our best in sports in India. Dahke congratulated Chanu, Sindhu and Lovlini Borgohai for winning the medal. India has so far ensured five medals in the Olympics. Mirabai Chanu has won silver and PV Sindhu has won bronze.
Indian wrestler Ravi Kumar Dahiya has ensured a silver medal by winning the semi-final match a day ago on Wednesday and now he has a chance to convert it into gold by winning the final. For the first time after Sushil Kumar in wrestling since the 2012 Olympics, an Indian player has entered the finals of the Olympics. Apart from this, boxer Lovlina Borgohan has ensured the country’s third medal by reaching the semi-finals in the 69kg weight category. Javelin thrower Neeraj Chopra has also reached the final of the throw of 86.65 meters.
(Article: Sandeep Soni)
(The suggestions on cryptocurrencies in the story are those of the relevant person and Financial Express Online does not take any responsibility for their advice. Before investing in cryptocurrencies of any kind, please consult your financial advisor.)