Categories: EducationFAQ

What Is NoLimitCoin (NLC2)?

It seems to be only a matter of time until cryptocurrency, blockchain, and fantasy sports come together in a meaningful way. NoLimitCoin positions itself as the world’s first cryptocurrency for fantasy sports. It has quite a few interesting features to take note of, although its success is not guaranteed whatsoever.

What is NoLimitCoin Providing?

Even though fantasy sports have become popular, Bitcoin and other cryptocurrencies have not made a big impact just yet. NoLimitCoin wants to change that, mainly with its technical features which seemingly make it more suitable for this industry than any other currency on the market. Venturing into this particular business will not be easy, but it certainly is something worth exploring.

NoLimitCoin’s Specifications

To make a meaningful impact on this industry, NoLimitCoin will need to stand out. The NL2 currency boasts instant transfers, which is something no other cryptocurrency can offer reliably as of right now. Its transaction fees are also rather low, and most transfers can be completed at a cost of 0.0001 NLC2 or lower, which is a lot cheaper than Bitcoin, Ethereum, or Litecoin.

Related Post

Unlike most other cryptocurrencies, NoLimitCoin embraces the proof-of-stake algorithm. Users will earn 4% interest per annum for staking their coins in a compatible wallet. On the fantasy sports side of things, NoLimitCoin has its own worldwide fantasy sports platform, which exclusively uses NLC2 to power transactions. This platform encompasses all of the popular sports, including football, soccer, hockey, basketball, and MMA.

Last but not least, NLC2 boasts some of the lowest rake fees of any fantasy sports platform. Compared to most of its competitors, NoLimitCoin’s rake fees are 75% lower, if not more. That in itself is pretty significant, yet it shows we may see similar ventures in the future. Fantasy sports is a booming industry, and it is only a matter of time until cryptocurrencies start to make their mark on this industry. Whether they will be new coins like NoLimitCoin or established currencies has yet to be determined.

The Road Ahead

Some big developments have already taken place for NoLimitCoin. The project successfully launched its soccer, NFL, and hockey services late last year. This quarter, basketball integration will be finalized, and MMA is coming very soon as well. More sports are on the horizon later this year, including cricket and baseball. If things go according to plan, we will see a native NLC2 debit card by the end of 2018.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

8 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

9 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

10 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

10 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

13 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

14 hours ago