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NoLimitCoin

What Is NoLimitCoin?

NoLimitCoin is a decentralized and open source cryptocurrency used for powering the No Limit Fantasy Sports Platforms. The coin uses proof of stake (PoS) consensus algorithm that rewards stakers with 4% interest every year.

  • A brief history of the NoLimitCoin

Though the fantasy sports niche has been growing significantly, many people have complained that the chances of winning are very few because of low competition in the saturated market. The fantasy sports platforms generate most of the revenue from high withdraw fees, high rake fee, and high entry fee.

The NoLimitCoin (NLC) was forked from Bitcoin blockchain in 2015 and hit the market in the subsequent year, 2016. The NoLimitCoin was upgraded in 2016 with a subset of Peercoin and introduction of proof of stake (PoS).

Note that though the coin was designed for the fantasy sports platforms, it will be an investment grade coin for direct payments in other industries. This means that it is targeted to operate as a standard crypto coin such as Bitcoin or Ethereum.

  • What is the performance of NoLimitCoin in the market?

When the NoLimitCoin entered into the market in September 2016, the value was $0.0012. The value remained within this range until June 2017 when it started rising steadily. Between July and August, the price grew slowly before shooting up to hit a peak of $0.28 in August and another of $0.5 by the close of the month. This was the highest mark in the coin’s history.

The positive show did not last. The price took a bearish trend sinking to $0.1 by 25th December 2017 before rising sharply to $0.49 in January 5th, 2018. Again, the positive rise did not last. Between January 2018 and the third quarter, the price took a downtrend reaching $0.015 by the close of September 2018.

What is the problem that NoLimitCoin Solves?

The term fantasy sports refer to a contest of skills where participants compete against virtual teams that comprise of experts in respective sports. The sports are quantified based on points based on individual scores.

Some of the sports include NBA, MLB, Soccer, and Cricket. The main issues facing the current fantasy gamers as outlined in the NoLimitCoin whitepaper and that the coin solves include:

  • High transaction fees

The current fantasy sports services provide good income from players on fees charged for participating. The fee is called rake. The platforms rake more than 10%. Note that players with small buy-ins are charged more. The high cost has made a lot of people opt to stay away from the fantasy games.

  • Complicated verification procedures

One obstacle standing on the path of high adoption of fantasy sports is the complicated verification procedure. The processes are lengthy and many potential players fall by the way for lack of some verification documents or burnout.

One example of the games that requires a very complicated process to join is Draftkins. A new player is required to provide a government ID and proof of residence in addition to other info that might be required. Another game that is highly complicated to join is the FanDuel.

To play FanDuel, you will be required to provide social security number before making withdrawals. The issues recur in platforms that use fiat currencies for gameplay.

  • Very slow transfer of funds

Think of a situation where payment processing takes up to 21 days. That is the situation that happens to many fantasy games platforms. If you use DraftKings, withdrawing your profit can take up to 21 days if processed via a bank. Though electronic withdrawals are faster, users have to wait for about 8 days.

For platforms such as FanDuel that process such payments faster through a platform such as PayPal, the main issue is that they reserve the right to refuse withdrawals or even close accounts at their discretion.

How Does NoLimitCoin Solve The Problem?

To address the above problems, the NoLimitCoin platforms use NLC2 coins and target to become the most competitive in the market. Here are some of the methods that help to solve the issues.

  • Lowering transaction fees

The main competitive advantage of NoLimitCoin is that it allows movement of the digital coins at a very low price. The price of using NoLimitCoin to make payment on the platform ranges from 1-10%depending on whether the user pays with cryptos or fiat.

If you pay with USD, the fee is 10%. However, the price comes significantly down to 1-5% when you pay with NLC2. Those who go for larger contests enjoy lower rates of up to 1%. This implies that players have the opportunity to make a saving of up to 50%.

  • Faster verification

If you plan to join the No Limits Fantasy Sports, the process is simple and fast. You only need to fill a short form with a name and email address. Once you verify the email, the process is complete. Indeed, it will take you less than a minute to join the platform.

The target of No Limit Fantasy Sports is helping to build a highly satisfied customer base from the first step. Note that any person no matter the country of your origin, there are no limitations. Even for those from countries that ban play-to-play fantasy sports can still play if they are able to mask their addresses.

  • Transactions are faster

Because transactions on the No Limit Fantasy Sports platform are confirmed on the NLC2 blockchain in less than one minute, it implies that payments are cleared almost instantly. This implies that users do not have to wait for days before payments are processed. Therefore, if you are short of funds and want to play more, simply load additional coins and continue playing.

For those who want to withdraw their profits, the process is equally fast. Because the profits are held in digital coins, NLC2, they only need to be confirmed by miners in the blockchain and get deposited into your account.

What makes NoLimitCoin better than it’s competitors?

The fantasy sports have for many years been a sensational attraction but few manage to join because of the many hurdles on the way. But the NoLimitCoin has introduced blockchain into the sector and everything is changing. Here are some of the things that make NoLimitCoin better than competitors.

  • The NoLimitCoin system allows all people to join irrespective of location  

Unlike the traditional fantasy sports that only allow people in line with know your customer (KYC) and anti-money laundering (AML) rules to participate, the NoLimitCoin system is different. Because the NoLimitCoin platform is decentralized, any person from across the globe can participate.

  • NoLimitCoin uses proof of stake consensus

As a proof of stake (PoS) based coin, NoLimitCoin allows users to enjoy returns by simply staking the network. PoS cryptocurrencies are considered better than proof of work types because users do not need to have a lot of computing power to mine the networks. All that one need is staking some NoLimitCoin.

  • The platform has been in the market for some time and proven stable and reliable

If you want to know how strong and workable a coin is, it is advisable to start by checking how long it has been in the market. When a crypto network has been in operation for a couple of years, it is considered stable because most of its features have been tested and proven to work.

Because NoLimitCoin has been in operation since 2015, most of its features and systems such as the proof of stake (PoS) consensus protocol have been tested and proven to work. This is the reason why its community and performance in the market has been impressive.  

  • The system is cheaper, reliable and fun to use

Unlike other fantasy sports in the market that take a lot of time to make deposits or withdrawals, ‘the decentralized system of NoLimitCoin network only requires few seconds. Why wait for days/ weeks to make withdrawals while the NoLimitCoin system allows instant operations?

  • The system allows gamers to join and own the network

When you join the system to send value, game or stake the native coins, you also part of its governance. This implies that you could be called to help with decision making. As an open source platform, you can also participate in the platform improvement by suggesting changes.

  • NoLimitCoin performance is expected to grow steadily in the coming days

Though the NoLimitCoin has been in the market for a short period starting from 2016, it has performed very well. By mid-November 2018, the market capitalization of NoLimitCoin was $2.15 million. This was way above other more popular coins such as NeosCoin with a market cap of $856,695 and Bitcoin Plus with $827,985.

How can NoLimitCoin be categorized?

NoLimitCoin is a decentralized cryptocurrency that targets to help extend the blockchain niche to the fantasy sports. The platform has helped to overcome the obstacles that people faced in joining, playing, and enjoying profits.

Though the NoLimitCoin system, joining and playing fantasy games is only a click away. The unique operational design is expected to make the demand for fantasy games and value of NLC2 to go up.

What’s NoLimitCoin’s vision on Security?

The NoLimitCoin founders and development team targeted to make the system a simple to use and highly secure platform for fantasy sports. To achieve the vision, the NoLimitCoin uses the following features and strategies.

  • The NoLimitCoin system uses a high tech team that regularly reviews the system for vulnerabilities. All the identified vulnerabilities are addressed through updates.
  • The network operates a completely decentralized network. This helps to ensure that the coins are evenly spread in the system to remove the danger of 51% attack.

Examples of NoLimitCoin’s use cases / applications

The effectiveness of any cryptocurrency or crypto network can be gauged based on its applications. Though most cryptocurrencies target to operate as payment networks, it is the extended use cases that make them more valuable compared to other networks. Here are the main use cases of NoLimitCoin.

  • The primary application of NoLimitCoin is support for the fantasy sports. This means that you can use the NoLimitCoin platform to pay for games listed in its platform. Remember that this process is simplified so that you can easily join and play from any place even on your phone.
  • The NLC2 coins can be used to make payments for goods and services in the markets. Like other coins such as Bitcoin, NLC2 can be used to make direct payments in stores that accept it. You only need to identify a store that accepts direct payments to make direct pay.
  • NoLimitCoin has become a reliable method of saving and investing money. Instead of putting your funds in a bank, why not consider buying the native NLC2 coins? Because of the positive show that NoLimitCoin has shown since inception, the community expects the value to grow progressively in the coming days. Therefore, if you acquire some coins and the value takes an uptrend, you will enjoy some returns on investment.

However, note that the expected growth is only speculative. The moment of cryptocurrencies in the markets is dependent on a myriad of factors including the looming regulations, competition, and new technology.

  • The NoLimitCoin can be used to send value on a peer2peer basis. As a completely decentralized network, it implies that you are allowed to send value without going through a third party. Whether you want to send value within your country or across the globe, it will be direct and simple. The only requirement is that you have ample NLC2 coins and the recipient to be on the same network.
  • Trade NLC2 coins in the market. To trade the NLC2 coins in the markets, you will need to join an appropriate exchange such as HitBTC and Coinexchange. Note that you are required to start by joining the markets, depositing funds, and verifying personal details.

You will also be required to form an appropriate trading pair such as NLC2/BTC or XRP/NLC2. It is also advisable to learn how to trade the coins in the market because the markets are highly volatile.

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Triggers

What is Triggers?

Triggers (TRIG) is a decentralized and open source cryptocurrency created by Blocksafe Foundation with the target of revolutionize the defense technologies ecosystem through the use of technology. The goal of the foundation is to look for effective ways of reducing gun-related crime in an anonymous way.

The Foundation and its Token were created by Kevin Barnes, a US Army veteran with many years of experience as a System Coder. The Triggers token and its platform sought to provide a reliable system for innovators in the security ecosystem to seek safety solutions.

The project was first announced in July 2016 when the company held its initial coin offering (ICO) on Bittrex crypto exchange. Here is a closer check of Triggers price performance in the market after the ICO.

  • The Triggers (TRIG) performance in the market

When the Triggers (TRIG) entered the market in October 2016, the value was $0.02 before dipping slightly to $0.01 in the next month of November. However, the value started rising slightly by growing to $0.14 by June 2017 and breaking the $1 mark to hit $1.33 by mid-September.

After dropping marginally to $0.55 in early November, the value resumed the bullish trend and rose steadily to hit $8.85 on 4th January 2018. This was the highest mark in the Triggers (TRIG) history. But the show did not last at the top for long.

The price shot down reaching a low of $1.62 in the subsequent month of February. The bearish trend continued in the subsequent months to reach a low of $0.1 in August 2018. Though the value has been on a downward trend in 2018, the community holds the view that it will ultimately grow as more people appreciate the extra need for gun safety.

What is the problem that Triggers solves?

While other niches such as sending value or social media are easy to use without worrying of serious liabilities, things are different when it comes to safety especially the use of guns. For example, the much that can happen in a financial system is losing one’s investment. However, life might be at risk when it comes to guns. Here is a closer look at the risk and other problems that Triggers (TRIG) comes to address:

  • Lack of a reliable centralized system for smart gun technology innovators

If you follow many smart gun technology developers, they steer away from centralized servers because of the huge liabilities that come with using guns. For example, they avoid deploying their technologies using centralized servers because in the event of mistakes, the liability would be held responsible.

Most of the smart gun tech companies opt for short wireless protocols such as Bluetooth that are less effective and fragmented. This is why a trustworthy solution in is needed in the niche. Triggers (TRIG) came to fill this gap through decentralized operations.

  • Limited uptake of blockchain outside the financial niche

When the term blockchain is mentioned, what comes into the mind of most people is the financial sector. From Bitcoin to Ripple, all the coins are largely targeted at the financial sector. But this limited targeting has made some sectors to be left out. One of these sectors is the smart gun technology innovation and development. This is the void that Triggers (TRIG) comes to address.

  • Centralized payment systems in the market today

Though cryptocurrencies have been in the market for some time, it is interesting to note that their adoption still remains very low. Do not be cheated by the fast-growing number of cryptocurrencies in the market. It is true that they represent a growing appreciation, but the fast release into the market does not correlate to the number of those using the token.

When new tokes are released, those who rush to buy are the wealthy in society. They buy the tokens when the value is low and sell when it grows several months down the line. To appreciate this, simply take a walk downtown. Only a few stores if any accept digital coins.

Even if you go online, only a limited number allows traders to pay with digital coins. Indeed, the traders have a preference for highly rated digital tokens especially the top ones such as Bitcoin and Ethereum. Triggers (TRIG) comes to help change the trend.

How does Triggers solve the problem?

Addressing the issues reported of the smart gun technology niche required a lot of creativity. Here, the Triggers (TRIG) creators had to look for a technology that was highly reliable without taking liabilities. Here are some of the methods used to address the issues:

  • A decentralized method of locking gun identity to the owner

When you have a gun, the fear of getting into the hands of the wrong people such as kids or thieves never fades away. To prevent this, Triggers works with tech promoters who install embedded technology on your gun so that it does not fire unless the owner has it.

If an unauthorized person tries to fire from the gun, the owner is notified. This makes it easy to track the gun, prevent crime, and recover it promptly. Note that this is done in a decentralized way so that the technology developers do not take responsibility when users fail to follow instructions or apply them incorrectly.

  • The Triggers (TRIG) platform supports decentralized apps development

In addition to supporting the easy identification of the guns for the owner, the Blocksafe Foundation provides a platform for related safety apps development. This means that more applications can be deployed and gun users have the option of selecting the most effective.

Because the data is stored in the blockchain, it implies that the tools will be able to work with different types of guns ranging from locks to magazines among other hardware. Note that to access and use the applications, you will need to have the Triggers coin.

  • Decentralization of Triggers (TRIG) and data storage

To make the system deliver the results that Blocksafe anticipated, the Foundation opted for a completely decentralized system. This means that data is stored in different nodes in the Triggers blockchain to ensure that there is no single point of failure.

Decentralization also helps to ensure that transactions run on the platform are peer2peer. This implies that the cost of sending value is low and prompt because no centralized profit-seeking organization is involved.

What makes Triggers better than it’s competitors?

When Triggers hit the market in 2016, the crypto field had very many players. Therefore, it had to fight its way to win a significant market share and remain relevant in the industry. Here are some of the things that make Triggers (TRIG) better than competitors.

  • Triggers (TRIG) target a niche that has been less explored by the crypto community. This means that it is likely to enjoy near monopoly and grow rapidly as more people join to keep their guns safe.
  • The project is led by a tech and highly enthusiastic team. The team comprising of top coders who have worked many years in the military implies that it understands all the ins and outs of the niche. This confidence is giving the community hope that the coin will rise in value and deliver good return on investment.
  • The Triggers (TRIG) operates as a completely decentralized system. Instead of relying on a centralized system such as a bank or credit card company, the Triggers blockchain stores data on the nodes spread in the network across the globe. Therefore, there is no risk of losing data and technology can be used in any place across the globe.
  • The price of the Triggers coin has been performing well in the market. Though 2018 has seen the value of the coin remain on a bearish trend, it cannot be considered to be simply a Triggers coin thing. Indeed other coins including Bitcoin and XRP have been on a similar negative trend in 2018. Despite this, the value of Triggers (TRIG) by close of October was still higher than the opening value in 2016.
  • The platform runs as an open source system that supports developers’ tools. This implies that more developers can join the network and help to grow it by attracting more users and increase the value of the coin.

How can Triggers’ be categorized?

Triggers (TRIG) is a unique crypto that targets to redefine the smart gun technology development niche. The coin and its native platform have managed to extend the technology to a niche that many players have been operating total secrecy for fear of taking liabilities.

The Triggers (TRIG) system has helped the developers operate in a harmonized way to promote innovation without worrying of reprisals. Because of the impressive solutions from the development team, the platform and its native e coin are likely to grow rapidly and compete against the top cryptos in the market.

What is Triggers’ vision on security?

The Triggers’ vision on security is creating a workable framework that allows people to operate securely on the blockchain and with their guns. The vision is extended to the physical use of guns because of the fast-growing concerns for gun crime in the community. Here are some of the methods that the Triggers system employs”

  • The Triggers system uses advanced encryption that prevents easy access to personal and transaction details of individuals on the platform.
  • The network is run by a tech team that regularly reviews the system to identify and fix gaps.
  • The platform operates as a decentralized network to ensure that there is no single point of failure for their information and transaction-related data.
  • The network operates as a platform for decentralized platforms that allow more developers to craft better and more secure smart gun tools.

Examples of Triggers use cases/ applications

Though Triggers (TRIG) is targeted at the gun safety technology niche, the development team has indicated that it will try and expand to other areas including those dominated by other coins such as Ethereum. Here are some of the Triggers use cases:

  • The Triggers platform and token are mainly targeted at helping users to protect the gun vault. This means that you can use the platform to ensure that the gun is protected from unauthorized use.
  • The Triggers blockchain helps to share sensor data using decentralized applications. This technology is applied with the latest artificial intelligence to help with data interpretation and ensuring that guns that fall in the wrong hands are recovered securely.
  • The Triggers platform technology is used to set smart locks in guns to ensure that the triggers are only used when justified. This is important in preventing the guns from accidental firing. The locks are also very helpful in linking to health records to gun ownership so that mental adequacy of users of proof beyond reasonable doubt.
  • The decentralized technology is helping to prevent users from suffering virus attacks especially ransomware that encrypts files and forces owners to pay for decryption. This is possible because your data is stored in different computers and, therefore, there is no risk of one point of failure.
  • The Triggers system has become a reliable method of proving personal precaution when court battles haul into their doorsteps. Using the data stored in the decentralized system, you can easily demonstrate to a court of law about your effort to stay secure.
  • Like other coins in the market, Triggers (TRIG) can be traded in the exchanges. This means that you need to identify the exchanges such as Bittrex that list the coin and open a trading account. Then, deposit your funds and create an appropriate trading pair with Triggers (TRIG). Good examples of such pairs include TRIG/XRP and BTC /TRIG.
  • Triggers (TRIG) can be used to send value across the globe on a peer2peer basis. Because there are no third party firms such as credit card companies involved in the transaction, the cost is low and transactions are cheaper than using the banks.

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