After looking at altcoins daily for months, I have noticed that a lot of coins either have a great product and average token economics, or great token metrics/economics and an average product. In the case of NoLimitCoin (NLC2), they have both. Their product is called No Limit Fantasy Sports.
Let’s look at NoLimitCoin’s product, a fantasy sports platform that allows users to participate using cryptocurrency as well as fiat currency. Fantasy football alone is estimated to be worth more than $7 billion a year in the U.S. and Canada in 2017. The No Limit Fantasy Sports platform will include NFL football, soccer, hockey, basketball, baseball, MMA and cricket.
Having partnered with some of the most influential figures in sports such as Joe Theismann, a former NFL Super Bowl champion, and Johnny Chan, a legend in the poker world, NoLimitCoin offers fantasy sports to crypto enthusiasts and sports fans alike. You can see Joe Theismann’s influence promoting NLC2 here in this video. Together with Johnny Chan NoLimitCoin will start approaching different gaming platforms to use NLC2 as a currency, including several poker sites. NoLimitCoin will also be recording a video commercial with Johnny Chan in both English and Chinese to promote its coin to a global market.
While many altcoins are struggling to release their first beta product, NoLimitCoin already has a working platform. Users can participate in the No Limit Fantasy Sports platform using regular currency or NoLimitCoin. This is a unique feature that NLC2 has over almost all other cryptocurrencies out there. Only a very select few coins offer their users the ability to purchase NLC2 of the exchanges via credit card. NLC2 will close the major gap which many average Joe’s and crypto enthusiast have to enter this market by adding this simple credit card payment via Visa and Mastercard. Moreover, No Limit Fantasy Sports charges up to 50% fewer fees than its competitors.
NoLimitCoin rewards users for holding coins in their wallet. This is known as staking a coin. The current rate is 4% extra NLC2 tokens per year just for holding tokens in your NLC2 wallet.
CryptoFantasySports.com has been released into production and it looks amazing. The field view option is something unique in fantasy sports. Here is how it looks:
Now, let’s take a look at the current value of the NLC2 token. With a current market cap of nearly $27 million, this token seems undervalued when comparing to other altcoins that have reached this level of maturity. The current valuation based on our research puts NLC2 in the $70-$90 million range. One main issue holding back NLC2 is the lack of liquidity by being listed on mainly smaller exchanges. There is a rumor that NLC2 may be added to a large exchange soon, but that information cannot be disclosed based on exchange NDAs. There are a lot of altcoins in the top 50-100 that don’t even have a working product. NoLimitCoin has a working product, a passionate and strong community at http://slack.nolimitcoin.org/, and is releasing new features on a regular basis.
No Limit Fantasy Sports platform accepts payment in the form of regular currency via credit cards, Bitcoin and Alipay. Alipay, as of 2017 has approximately 450 million registered users and is China’s top mobile payment service. Users of No Limit Fantasy Sports will soon be able to pay with Litecoin, Bitcoin Cash, and Ethereum.
Having talked with the team directly, I learned that NoLimitCoin is planning to do a unique update to its platform to help bring Fantasy Sports to the crypto world in a unique way. Behind the Coin, updates will be written as soon as these big announcements are communicated so that you will be the first to know.
Disclaimer: Author holds no investment position in NoLimitCoin at this time.
Featured image courtesy of Shutterstock.
The post Cardano: The Latest Crypto to Springboard to New Highs appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/cardano-the-latest-crypto-to-springboard-to-new-highs/
No comments:
Post a Comment