The NoLimitCoin (NLC2) currency is a very distinct coin option to watch for. This cryptocurrency is designed with fantasy sports in mind. People can u
The NoLimitCoin (NLC2) currency is a very distinct coin option to watch for. This cryptocurrency is designed with fantasy sports in mind. People can use this to enter into many sporting leagues to play for prizes. It is a part of how the cryptocurrency world is evolving in terms of how specific currencies work with certain functions in mind.
Fantasy sports have been very popular among sporting fans around the world. In fantasy sports, people draft a fantasy team of players in a certain league. The goal is to pick the players that will have the best performances in their real-life sports. The players who get the most points based on those performances will win big prizes.
With the fantasy sports industry growing in size, it is clear that the cryptocurrency industry would get into this market. This is where the NoLimitCoin comes into play.
NLC2 is produced as a fork off of the blockchain system used by the bitcoin. A proof of stake or PoS algorithm is utilized as the coin is mined. The PoS algorithm works to confirm that each coin mined is unique and cannot be duplicated. This allows for the currency to possibly increase in value as the demand for it becomes greater.
About 200 million of these coins are in circulation. It takes about two minutes for a block to be processed.
How To Get It
It is very easy to acquire the NoLimitCoin for fantasy sports use. It is traded on many exchanges including NovaExchange, Yobit and Cryptopia.
But to make this work, a person must acquire bitcoins through an exchange like Coinbase. The bitcoin can then be transferred through Yobit or other aforementioned site to become NLC2.
Using the Coins
After the NLC2 is acquired, the player can go to https://www.nolimitcoin.org/ to find information on fantasy sports games available to play with. The games are available in many markets and include football and soccer among other games.
The site offers many games where people can choose certain players that they feel will perform their best during a certain time period. As a player makes the proper choices, the game will calculate scores based on how the athletes perform.
The players who get the highest point totals will win prizes of all sorts including more NLC2 coins. The prizes will vary by each contest.
Is It Legal?
One concern to note about the NLC2 is that it is not necessarily legal in all spots. It can be used in many countries around the world where online betting activities are legal.
It is another story in the United States though. It is not legal in various states where pay-to-play online betting activities are illegal in. These include such states as Florida, Illinois, Pennsylvania, Texas, Colorado and Nevada.
What Sports Are Covered?
The fantasy sports that the cryptocurrency covers are diverse. People can use the NLC2 coin on NFL, NHL and NBA activities. It can also be used to bet on mixed martial arts events and on various soccer leagues including the English Premier League, Liga MX and Primera Division.