When hundreds of professional esports players compete daily, most people enjoy their favorite players and teams. But what if, thanks to the performance of a player or team of esports, we can earn money and diversify our portfolio?
That is the purpose of Duely, the stock exchange with players of esports. That's right, invest in professional athletes.
The platform is similar to NASDAQ. Users can buy and sell players 'shares at a specific rate, which varies depending on the players' performance and popularity.
When buying an action, the agreement is executed under Blockchain technology, so each player generates tokens that represent their action. With Blockchain technology users do not need a physical contract, the purchase or sale of an action is carried out through a smart contract in which a token is assigned that represents the agreement between the investor and the player or team.
As an
investor, it is received a follow-up action on the percentage of future
earnings that Duely has already purchased from the player. Technically it is
being invested in the player. The stock price reflects performance. So the
better a player plays in their performance and popularity, the more the
investor's stock increases, and vice versa.
Duely is also looking for deals with young promises and even other
organizations dedicated to esports. Currently Duely is in the Beta phase, so
they will start trading with real money in early October.
Source: GMB / As.com
