Although the online fantasy sports industry is growing significantly each year, the chances of winning and the costs involved are taking a toll for players due to little competition in a saturated market. Fantasy sports platforms make most of their revenues through high entry fees, high rake fees and high withdrawal fees. In addition, they also reduce players chances of winning as they compete against computers that are programmed to perform the betting tasks more efficiently than humans do. Overall, No Limit Fantasy Sports has realized a gap in the fantasy sports market and have capitalized on this through the application of a blockchain technology that is far more reasonable to the players and the fantasy sport community.
The No Limit Fantasy Sports platform uses its own cryptocurrency, NoLimitCoin (“NLC2”) to overcome those issues:
• The fees are a lot lower than our competitors, saving players up to 50% of their winnings.
• Through using NLC2 players can instantly transfer funds without waiting for days to be credited.
• Our verification process is a lot faster by it being linked to your email account. Moreover, users are not barred by nationality because at least one of our platforms will suit the user.
• Global players compete against each other and not against programmed computers, giving them a better chance of winning.
In the following whitepaper, we intend to further elaborate on the issues faced by players on the existing fantasy sports platforms and how our NLC2 Crypto Fantasy platform will utilize blockchain technology and cryptocurrencies to solve these current issues. The application of such an innovative design will revolutionize the fantasy sports industry providing players a fast, secure and cheap method of funding.
NoLimitCoin
