Fantasy Crypto Sports by NoLimitCoin (and overview of NLC2)

This is going to be a long post so brace yourself. I will first be speaking about the release of the Fantasy Crypto game, since that is obviously what pertains the most to those of us interesting in cryptocurrency, but will go into further detail about NLC2 and the goals for the rest of their platform.

So what is Fantasy Crypto? Well, NLC is a fantasy sports platform, but they recently released a game that revolves around cryptocurrency rather than sports. It's certainly not perfect (you can't control position sizes yet, for example), but the idea is that you create a team (portfolio) of 5 coins, enter contests which have specific start and end times (currently there are weekly and daily contests, but they want to release hourly ones as well), and then winners are decided based one who had the portfolio with the largest growth. It's basically what crypto already is for most of us - a game.

But the NoLimit team has given us not only the fantasy sports platform which facilitates actual betting with real money, but also a free version. It's a great way for people new to crypto to learn about markets (or fantasy sports) and it's even an option for long time investors to experiment with different coin picks without actually investing any money. The platform also has basic information about all the coins as well as direct links to their websites and social media. Overall this is a seriously good way to get started in crypto before you spend a dime. Possibly the coolest thing about this, though, is that if you win even on the free platform, you will win NLC2 tokens. Right now first place payout for the weekly contest is 100 NLC2 (which is roughly $10 of crypto) with smaller payouts for 2nd, 3rd, etc. If you place as low as 51st place you will receive 5 NLC2. With 500 slots for entry and 51 of them paying out a prize, that's a 10% chance of winning even if you're just randomly entering teams. And you're allowed 5 teams - so your odds are actually more than 10%. Given that it takes minutes to register a FREE account, build a portfolio, and throw it in the contest, this is a pretty easy way to grab some free crypto. The whole reason they're giving away all these coins is simply to create greater attention for NLC2 - they're doing the same thing with their free platform for fantasy sports. More on that later.

If you signup now, they give you some free NLC2. A while ago this was 20 NLC2, but recently it's dropped to 10. In the recent Cryptolove video I saw with their CEO he said it's meant to go down over time and he seemed to imply it would be 5 soon. So if this is something you're interested in, you can get a little bit of extra dosh by signing up sooner than later. Signup link here

Oh and there's a referral system as you can see, but the referral payout only works if people you refer use the paid platform. Well, that's what I think, anyway. I haven't had any referrals so I really can't say. Just one more way to encourage spread of adoption. The platform itself is quite straightforward, but basically in order to start playing you just need to make some teams and then enter them in the contests. Go to My Teams and then Create Team at the top (it seems you can make as many teams as you want). Then go to Contests and then Lobby, and hit Enter next to any contest that you can. Then simply pick one of your teams on the left, and Enter Contest on the right. Also note that you can actually enter up to 5 teams for the weekly contest. So definitely make 5 different teams to increase your odds of winning. This is probably only a good idea on the free platform though, since each entry is... well, obviously, free.

The one major concern that I've personally had with the idea of the crypto betting platform specifically is: why would somebody bet on crypto prices through a fantasy sports platform instead of just, you know, investing in the coins themselves? Well I realized there are actually two crowds that this concept actually caters to.

First, you have your people who are already using the NLC platform for fantasy sports - betting on cryptos is one more itch they can scratch. Sports betting takes time - we have to wait days/weeks for scores to be tallied and results on the platform to become available. What can you do in the down time? Daily or even hourly crypto betting. And they won't really have to do anything much from the norm. The platform is the same, the NLC2 for betting is the same, you just hop over to a different part of the website and bet away.

And there is one more crowd which must be considered. There are a lot of people who don't get into crypto because learning about all the different exchanges and all the different wallets for every coin is too overwhelming. It's a pretty big leap for the average Joe to start using Coinbase, let alone figure out how to obtain and safely store something like OmiseGO. Case in point, most people who even DO get into this stuff just leave their coins on exchanges. Anyway, NLC's crypto game is a pretty good workaround for this. You think OmiseGO is going to moon? Create an account on the user-friendly NL fantasy sports website instead of the intimidating Bittrex. Buy some NLC2 directly with your credit card and use it to bet on OMG instead of figuring out how to buy Bitcoin on Coinbase, sending your BTC it to a different exchange, and then trading your BTC for OMG, and then ideally moving your OMG into your own wallet. If you're right on OMG going up, you make a profit just the same as you would have by actually figuring out how to obtain OMG. With zero technical know-how about exchanges and wallets, you're able to make a profit on the idea of OMG going up.

So now that we have the Fantasy Crypto platform out of the way, how about NLC2 in as an actual cryptocurrency? Ultimately, NLC2 does not do anything particularly groundbreaking with blockchain or crypto technology, but due to the low fees and near instant transaction times it allows them, they are able to outperform all competitors in their booming (and continuing to grow) industry.

Because they use NLC2 instead of FIAT for betting and for payouts, they are able to have HALF OR LOWER the fees for betting. This is huge, because while the big dogs like Draftkings and Fanduel might be popular, they have some pretty hefty fees for actually using the platform. Further, payouts take time - and nobody likes to wait. If you bet on fantasy sports and somebody told you that you could be paying 75% less in fees while receiving the same payouts on wins (and receiving your payout in minutes rather than days), don't you think that would catch your attention? Fantasy Sports gambling is BIG whether you care about it or not - 20+ BILLIONS of dollars happen in transactions each year. For NLC2 to take even a fraction of this would be INSANE when you consider its current market cap of roughly 20 million. Now, they do have a traditional Fantasy Sports platform they have where you may use USD instead of crypto, but the whole idea is to make it not only alluring (reduced fees, etc) but also easy for people try try and get used to the crypto side of things. That's where the free platform comes in. People can earn free NLC2 using the free platform, and then ease into the idea of using NLC2 instead of USD.

NLC2 is built on its own blockchain which utilizes Proof of Stake, with which you will be able to earn 4% annual staking rewards should you choose to use their wallet and stake. I personally do this and have had zero issues with running it and have received plenty of staking rewards already. The current Windows wallet uses a little over 100MB of RAM while I'm staking, and uses under 5% of total CPU power, so it's very easy to just let it run 24/7 regardless of what you're doing on your computer. They also have a new wallet coming out soon which looks very sleek and fresh (which is great because the old one looks like it's from the 90s, albeit it works perfectly). Annual inflation for the coin supply comes to about 2% instead of 4% (the staking reward) since only about half the NLC2 supply is actually being staked. This is great for people who are actually staking it as you're earning twice as fast as it inflates - a little different than say something like NEO where you gain GAS at exactly the same ratio it is generated at no matter what. They also have a web wallet but you can't stake from it.

An extremely important fact is that NLC has "already jumped through all the regulatory hurdles to become a registered California company, as well as completing their due diligence to ensure legal operations in all regions they will operate". This is where first mover advantage truly comes from as any potential competitors will have a lengthy and costly legal process ahead of them to reach the same scope of operation. Wrap your head around this - they already have a fully functional cryptocurrency, with wallet/staking/everything, as well as a fully functioning platform that USES the cryptocurrency, which continues to see growth and additions of new games as time passes. How many cryptos out there can compete with that? I also can say that their community is truly one of the best - I've followed them in Slack/Telegram fairly regularly and there are very few people who talk about exchange listings or price projections. It's truly about the project and the platform. Their devs and CEO also frequently make appearances, while not always daily, normally several times a week. They always keep the community posted with what's happening next and how far development is going. I am actually shocked to say that so far they have delivered on basically all promises as far as release dates and roadmaps go. Everything ultimately gets released with very high quality, so I can't really complain, even if something ends up being late anyway.

The team also wishes to release a NLC2 debit card (think like TenX, Monaco, etc) that will allow you to spend any assets you have in your wallet without having to convert it out to BTC and then USD. This is pretty fantastic when you couple it with the fact that they already have a FIAT gateway to get NLC2 in the first place - you can buy it directly through their website with a credit card. This will allow people who use the platform for betting to simply use their winnings through the debit card rather than worry about the crazy conversion process. They also have mentioned ideas of using the coin for other purposes rather than just sports betting but haven't actually spelled anything out yet (CEO in a past video was saying this and bringing up NLC2's low transactions fees and how it could be useful elsewhere. Also this is briefly mentioned in the whitepaper). While we know they are looking to continue to add more niche sports to the platform, we also know that one of their next "big moves" is a poker platform. Do I smell a FunFair competitor? Well we'll see how well they do with that endeavor.

Currently the only decent exchange NLC2 trades on is Cryptopia. I know there is a lot of hate for Cryptopia but I have personally never had any issues with it outside of the fact withdrawals sometimes take a long time to complete. They did a massive server upgrade a few weeks ago and these times dropped dramatically. At one point before the upgrade, I waited about 2 days for my NLC2 withdrawal. But since, I haven't had to wait more than a few hours (successful Cryptopia withdrawal proof). I also hold a tiny bit of CryptopiaFeeShares and they have paid me monthly for that as well. I'm pretty sure any and all FUD we see about their exchange is just people who make mistakes with wallets and addresses. If you read their forums, the users with complaints are basically just a bunch of idiots. Furthermore, there's some kind of rumor that they don't have Google 2FA as an option, but I think that's because they don't spell out how to activate it. In order to use 2FA, you first need to turn off the PIN "2FA" they give you by default. Then it gives you several new choices for a new security option, one being Google 2FA. Fun fact, withdrawal fee on Cryptopia for NLC2 is 0.01 NLC2, or about $0.001. They weren't kidding about NLC2's low transaction fees. Just one more reason to pull it off and into a staking wallet.

They also are to soon begin trading on the NEXT and HitBTC exchanges, and currently trade on YoBit, CoinExchange, and CryptoBridge. But to be quite frank almost all of these exchanges are garbage. In a recent video interview, the CEO said they were in talks with some of the larger exchanges and felt it was just a matter of time before they get onto one of the big boy exchanges. Until then, Cryptopia is by far the best option. If you don't have a Cryptopia account you can register here: Cryptopia registration
Also, FYI, the way Cryptopia's referral system works is that for each referred user you will receive 10% of that users trade fees converted to DOT. DOT is a coin they use for new coin listings (and a few other things). It's not super valuable, but when people want to list a coin they have to buy tens of thousands of them. So typically DOT sees the occasional little bump in price when that happens. But anyway.

Back to NLC2 - The team has consistently pushed quality over everything else and has generally delivered on all promises thus far. Cryptodaily did a fantastic interview with them a little while back (link) and is very bullish on the project as well. Cryptodaily isn't the greatest crypto guro of all time, but he's a smart dude and he's not going to vouch for some random shitcoin. Cryptolove also was lucky enough to be the YouTuber they chose to make their new Fantasy Crypto game announcement with, and in the interview we also learn from the CEO more of their future plans for project direction, exchange listings, and more (link)

Massive tl;dr - not a game changing idea like say, Bitcoin or Ethereum, but certainly excels at fulfilling a particular niche with a future that looks very bright and extremely dedicated team and community, all while currently having a very very low valuation for some reason. It's truly a hidden gem among small cap coins (I never see anybody, ANYBODY talking about it) and it's a coin that I will never be afraid to hold for the long term.

Relevant links:

Whitepaper

Coinmarketcap link (has direct links to their website, social, etc)

Get the wallet

Sign up for their FREE platform

Get it on Cryptoipa

Cryptolove interview (recent)

Cryptodaily interview (somewhat dated)

If any fellow NLC2 holders like what I've written and want to encourage me to do more, feel free to send me a coin or two. Regardless, I will continue to do what I can to help the community grow :D
NLC2 address: NL26bfjgMgbiJ2G4Lg3PNpCQPwyFJACr2s