Learn More about NoLimitCoin (NLC2)
Learn More about NoLimitCoin (NLC2)
What is NoLimitCoin - NLC2?
NoLimitCoin (NLC2) is the exclusively listed Cryptocurrency used to power our No Limit Fantasy Sports Platforms. NoLimitCoin has super-fast and near instant transaction times and Ultra Low Transaction Fees. NLC2 is a Proof of Stake coin which pays out 4% per year in extra coins for staking and holding the coins in a local wallet. NLC2 allows us to have the lowest rake fees of any fantasy sports platform, we have cut rake fees by up to 50% over our competitors. Watch our Video What is NoLimitCoin? Here to learn more:
What are the NLC2 Coin Specifications?
Algorithm SHA256d / PoS
Block size 2 MB
Block time 2 minutes
POS 4% per annum
Coins in circulation – 208 million
Average yearly inflation Lower than 2%
Wallet address Starts with “N”
How do I buy NLC2?
You can buy NoLimitCoin (NLC2) by exchanging it for Bitcoin at any of the exchanges listed here
You also have the option to buy NLC2 directly from us with a Credit Card, but at a 10% higher markup than buying from the exchanges. Click Here to buy NLC2 with a credit card.
What is Proof of Stake? How do I stake NLC2?
NLC2 Coins use a Proof of Stake algorithm for transmitting the blockchain. By staking your NLC2 Coins you become a node on the network that transmits the blockchain and you get 4% extra coins per year as your reward. The blockchain creates these new coins and sends them to your wallet. View Our Staking and Wallet Tutorial Here
What is No Limit Fantasy Sports?
To start things off it’s important to explain what Fantasy Sports is and how it works. Fantasy Sports is a term that refers to a contests of skill in which users compete against each other by creating teams consisting of real players from a professional sport.
You can win these contests by choosing the players that you think will perform well in the real life sport games. These players get rated on their performance in the games that they play for their club. A point system, based on the individual actions of the players, is used to decide the score of the individual player on the No Limit Fantasy Sports platform. These points are called Fantasy Points (FP), you can see them here on the image below for each individual player. The more points your player has the better, because if your team has the most points at the end of the contests you will win.
So you actually choose, real life players from your favorite sports on No Limit Fantasy Sports. You get a fixed budget (called a salary cap) per team which you have to use to buy your players with. This is where the skill aspect comes into play, trying to find a good mix of “expensive and high scoring players” and to find the “cheapest” players with the highest scoring potential.
To increase your chances, to select the best team, you can do research on the individual players to see their past performances, injuries updates, even check out the players social media through the No Limit Fantasy Sports platform. It’s all about getting to know your players and to make sure they are the best fit for your team.
The No Limit Fantasy Sports platform has launched fantasy soccer, NFL, hockey, basketball, fantasy crypto and baseball. Soon we will be launching MMA and Cricket.
Why is No Limit Fantasy Sports better than its competitors?
Currently, in the United States, the two biggest fantasy sports platforms are Draft Kings and Fan Duel. Together they own almost 90% of the US marketplace worth several billions of dollars. This effective monopoly has allowed them to charge their player’s extortionate rates for using their platforms.
The situation isn’t much different around the world in other countries, where a few large companies dominate the fantasy sports betting market.
No Limit Fantasy Sports aims to provide players with far better rates than its competitors, ending the effective monopoly large fantasy sports betting platforms have over the marketplace.
Rather than charging a 10% rake (cost for entering games), No Limit Fantasy Sports will charge a mere 5%. For head to head matches, this rake will be further reduced to 2.5% for high stakes contests. By charging up to 50% less rake fees than our competitors it makes our platform the most competitive on the market.
For those of you that aren’t familiar with betting these percentages might not sound dramatically different. But if you’re somebody that likes to play regularly, you’ll know full well that these percentages add up enormously over the long run.
Johnny Chan join NLC2
Johnny Chan NLC2
Johnny Chan (professional poker player) has joined our team as a brand ambassador for NLC2. The combined fame and stature of Johnny Chan will help introduce No Limit Fantasy Sports and NLC2 to the public and their fan base.
Johnny Chan is a poker legend, who has won 10 World Series of Poker bracelets. He also won the 1987 and 1988 World Series of Poker main events.