PRESS RELEASE. Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has redefined the sports investment landscape, presenting fans with an unprecedented opportunity to monetize their football acumen.
A Game-Changer in Sports and Finance
With its launch in May 2023, StocksFC offered fans the chance to buy, sell, and trade football player stocks with the potential to earn crypto rewards when players shine on the pitch. Fast forward six months, and the market cap has increased by 1350%, with over half a million stocks in circulation. This seismic shift in sports engagement mirrors the bullish trends of the most dynamic financial markets.
Unrivalled Profits and Portfolio Power
The platform's robust growth is underpinned by the soaring value of player stocks – premier players like Maddison surging over 400% since being listed. These are not anomalies but rather the norm on StocksFC, where every week offers the thrill of potential profits. Football fans have the freedom to craft their portfolios to capitalize on the weekly, monthly, and end-of-season cash rewards, with strategies ranging from investing in undervalued players to identifying future superstars.
Alex Thomas, founder of StocksFC said, "The surge in growth we've experienced in the past 6 months has been remarkable. We remain firmly committed to establishing ourselves as a leading force in the rapidly growing field of alternative financial assets."
Three-tier model to retain rapid growth
Transparency is not just a buzzword at StocksFC; it's the backbone. The platform guarantees an immutable ledger of transactions, fostering unmatched trust among its users. Following this, sustainability is equally vital, with StocksFC's design ensuring long-term value growth. Each stock is an ERC20 token and with a limit of 100k stocks per player and a systematic burn of stocks on trades, scarcity is artfully crafted to boost potential rewards.
Additionally, at the heart of StocksFC's ethos is a community-first approach. User polls will guide significant platform decisions, ensuring that those who invest their time and passion into StocksFC have a voice that resonates at the very core of its operations.
The Future is Bright
The groundbreaking platform has not only attracted fans but has also garnered the confidence of financial and technological titans. Early investment from venture capital firm Antler has supercharged StocksFC's ascent, while partnerships with Bitgo, Ramp, Coinbase Commerce, and Opta have provided a solid infrastructure for seamless, secure trading experiences.
With its exceptional growth, StocksFC continues to blaze a trail in the sports investment domain. The future promises an exciting expansion of its offerings, with plans to release hundreds of additional players in the coming months and to expand into Europe's top 5 leagues, as well as other sports.
StocksFC extends an open invitation to football fans and sports traders worldwide to join them, and be a part of this winning streak that melds passion with profits.
For more information and to become part of this investment revolution, visit StocksFC's platform, engage with the community on Telegram, Discord, and Twitter.
Score Big with StocksFC – Where Every Fan is an Investor.
StocksFC – Buy. Sell. Earn
Frequently Asked Questions
What are the fees for an IRA that holds gold?
The Individual Retirement Account (IRA), fee is $6 per monthly. This fee covers account maintenance fees, as well any investment costs that may be associated with your investments.
Diversifying your portfolio may require you to pay additional fees. These fees will vary depending upon the type of IRA chosen. Some companies offer checking accounts for free, while others charge monthly fees for IRA account.
A majority of providers also charge annual administration fees. These fees range between 0% and 1 percent. The average rate is.25% annually. These rates can often be waived if a broker, such as TD Ameritrade, is involved.
How do I Withdraw from an IRA with Precious Metals?
First decide if your IRA account allows you to withdraw funds. Then make sure you have enough cash to cover any fees or penalties that may come with withdrawing funds from your retirement plan.
You should open a taxable brokerage account if you're willing to pay a penalty if you withdraw early. This option is also available if you are willing to pay taxes on the amount you withdraw.
Next, you need to determine how much money is going to be taken out from your IRA. This calculation depends on several factors, including the age when you withdraw the money, how long you've owned the account, and whether you intend to continue contributing to your retirement plan.
Once you know how much of your total savings to convert to cash, it's time to choose the type of IRA that you want. While traditional IRAs are tax-free, Roth IRAs can be withdrawn at any time after you reach 59 1/2. However, Roth IRAs will charge income taxes upfront and allow you to access your earnings later without additional taxes.
After these calculations have been completed, you will need to open a brokerage bank account. To encourage customers to open accounts, brokers often offer signup bonuses and promotions. However, a debit card is better than a card. This will save you unnecessary fees.
You will need a safe place to store your coins when you are ready to withdraw from your precious metal IRA. Some storage facilities will accept bullion bars, others require you to buy individual coins. Before choosing one, consider the pros and disadvantages of each.
For example, storing bullion bars requires less space because you aren't dealing with individual coins. However, you'll need to count every coin individually. You can track their value by keeping individual coins.
Some prefer to store their coins in a vault. Some prefer to keep them in a vault. You can still enjoy the benefits of bullion for many years, regardless of which method you choose.
What is a gold IRA account?
People who wish to invest in precious metals can use Gold Ira accounts as a tax-free investment vehicle.
You can purchase physical bullion gold coins at any point in time. To start investing in gold, it doesn't matter if you are retired.
You can keep gold in an IRA forever. You won't have to pay taxes on your gold investments when you die.
Your heirs inherit your gold without paying capital gains taxes. Because your gold doesn't belong to the estate, it's not necessary to include it on your final estate plan.
To open a gold IRA, you will first need to create an individual retirement account (IRA). After you have done this, an IRA custodian will be assigned to you. This company acts as an intermediary between you and IRS.
Your gold IRA custodian can handle all paperwork and submit necessary forms to IRS. This includes filing annual returns.
Once you've established your gold IRA, you'll be able to purchase gold bullion coins. Minimum deposit required is $1,000 You'll get a higher rate of interest if you deposit more.
You will pay taxes when you withdraw your gold from your IRA. You will be liable for income taxes and penalties if you take the entire amount.
You may not be required to pay taxes if you take out only a small amount. There are exceptions. You'll owe federal income tax and a 20% penalty if you take out more than 30% of your total IRA assets.
You shouldn't take out more then 50% of your total IRA assets annually. A violation of this rule can lead to severe financial consequences.
What amount should I invest in my Roth IRA?
Roth IRAs can be used to save taxes on your retirement funds. The account cannot be withdrawn from until you are 59 1/2. There are some rules that you need to keep in mind if you want to withdraw funds from these accounts before you reach 59 1/2. First, your principal (the deposit amount originally made) is not transferable. This means that you can't take out more money than you originally contributed. If you wish to withdraw more than you originally contributed, you will have to pay taxes.
The second rule is that you cannot withdraw your earnings without paying income taxes. Withdrawing your earnings will result in you paying taxes. Consider, for instance, that you contribute $5,000 per year to your Roth IRA. In addition, let's assume you earn $10,000 per year after contributing. Federal income taxes would apply to the earnings. You would be responsible for $3500 That leaves you with only $6,500 left. You can only take out what you originally contributed.
You would still owe tax on $1,500 if you took out $4,000 of your earnings. You'd also lose half the earnings that you took out, as they would be subject to a second 50% tax (half of 40%). Even though you had $7,000 in your Roth IRA account, you only received $4,000.
There are two types of Roth IRAs: Traditional and Roth. Traditional IRAs allow you to deduct pretax contributions from your taxable income. When you retire, you can use your traditional IRA to withdraw your contribution balance plus interest. There is no limit on how much you can withdraw from a traditional IRA.
A Roth IRA doesn't allow you to deduct your contributions. But once you've retired, you can withdraw the entire contribution amount plus any accrued interest. There is no minimum withdrawal required, unlike a traditional IRA. You don't have to wait until you turn 70 1/2 years old before withdrawing your contribution.
Is it a good retirement strategy to buy gold?
Although it may not look appealing at first, buying gold for investment is worth considering when you consider the global average gold consumption per year.
Physical bullion bars are the most popular way to invest in gold. You can also invest in gold in other ways. It's best to thoroughly research all options before you make a decision.
If you don’t need a safe place for your wealth, then buying shares of mining companies or companies that extract it might be a better alternative. If you are looking for cash flow from your investment, buying gold stocks will work well.
You can also invest your money in exchange-traded fund (ETFs), which give you exposure to the gold price by holding securities related to gold. These ETFs usually include stocks of precious metals refiners or gold miners.
Statistics
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
cftc.gov
law.cornell.edu
- 7 U.S. Code SS7 – Designation of boards for trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement accounts
irs.gov
investopedia.com
How To
The History of Gold as an Asset
Gold was a currency from ancient times until the early 20th century. It was popular because of its purity, divisibility. uniformity. scarcity and beauty. Aside from its inherent value, it could be traded internationally. Different weights and measurements existed around the world, however, because there were not international standards to measure gold. One pound sterling in England was equivalent to 24 carats silver, while one livre tournois in France was equal 25 carats. In Germany, one mark was equivalent to 28 carats.
The United States started issuing American coins in the 1860s made of 90% copper and 10% zinc. This led to a decline in demand for foreign currencies, which caused their price to increase. At this point, the United States minted large amounts of gold coins, causing the price of gold to drop. They needed to pay off debt because they had too much money coming into circulation. To do this, they decided that some of their excess gold would be sold back to Europe.
Since most European countries were not confident in the U.S. dollar they began accepting gold as payment. However, after World War I, many European countries stopped taking gold and began using paper money instead. The value of gold has significantly increased since then. Although the price of gold fluctuates today, it remains one of your most safe investments.
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By: Media
Title: Meet StocksFC: The Football Stock Market Where Goals Earn You Crypto
Sourced From: news.bitcoin.com/meet-stocksfc-the-football-stock-market-where-goals-earn-you-crypto/
Published Date: Fri, 17 Nov 2023 06:00:42 +0000
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