NoLimitCoin

NLC Price

About NoLimitCoin (NLC)

NoLimitCoin (NLC) is a cryptocurrency specifically developed to power online gaming applications, with a primary focus on fantasy sports and "no rake" poker platforms.

• The project aims to provide a fast, secure, and low-cost transaction layer for competitive gaming ecosystems.
• It offers a decentralized alternative to traditional fantasy sports platforms by reducing rake fees by up to 50%.
• NLC has evolved from a standalone blockchain to a multi-chain asset, recently migrating to the Polygon network to leverage its scalability.

What Is NoLimitCoin

NoLimitCoin is designed to serve as the primary medium of exchange for the No Limit Fantasy Sports ecosystem. It facilitates global gaming transactions by allowing users to participate in contests without the friction of traditional banking systems. The token powers a platform where users can compete in skill-based contests across various professional sports, including the NFL, NBA, and international soccer.

Value moves through the system as users spend NLC to enter contests or pay platform fees. The token is put to work as an application utility token, used for contest entries, platform service fees, and as a reward mechanism for winners. This model is designed to scale as the ecosystem grows; as more users join the platform to participate in fantasy leagues or poker games, the internal demand for the token to access these services increases.

What Makes NoLimitCoin Unique

• Reduced Rake Fees: NoLimitCoin platforms typically charge a 5% rake, significantly lower than the 10% industry standard found on major centralized fantasy sports platforms.
• Integrated Gaming Ecosystem: Unlike many general-purpose tokens, NLC is directly integrated with a live Gaming platform that supports multiple major professional sports leagues.
• No Rake Poker: The project powers a specialized poker platform that allows players to keep 100% of their winnings, using NLC to eliminate traditional house fees.
• Celebrity Endorsement: The platform is endorsed by professional poker legend Johnny Chan, who serves as a brand ambassador to bridge the gap between traditional poker communities and the GambleFi sector.

What Can You Use NoLimitCoin for?

• Contest Entry: Users can use NLC to enter various fantasy sports leagues and daily fantasy contests on the No Limit Fantasy Sports website.
• Poker Participation: The token acts as the primary currency for the platform's poker games, enabling rake-free play.
• Staking Rewards: Holders can participate in the network's security and earn rewards through a Proof of Stake mechanism, which originally offered a 4% annual reward on its native chain.
• Value Transfer: NLC enables near-instant, low-cost cross-border transfers for users looking to move value within the global gaming ecosystem.

How Does NoLimitCoin Work?

NoLimitCoin originally operated on its own standalone blockchain utilizing a Proof of Stake consensus mechanism, a method where validators are chosen based on the number of tokens they hold. This system provided 2-minute block times and supported a 2 MB block size to handle high transaction throughput for gaming applications.

To improve accessibility and scalability, the project recently migrated to the Polygon network, which is a Layer 2 scaling network for Ethereum. As an application utility token on this network, NLC transactions are processed with high speed and minimal protocol service fees. Staking is handled through wallet-based mechanisms that reward users for securing the historical native chain or participating in the new tokenized ecosystem.

Team Info and Investors

The project was founded by Rafael Groswirt, who serves as the CEO, and co-founder Oscar Peralta. The technical development is led by a team of full-stack and backend developers, including Pranav Zadafiya and Dharmesh Bharodiya. Professional poker player Johnny Chan is a key member of the team as a Brand Ambassador. The project has also collaborated with the security firm Hacken for smart contract audits to ensure the integrity of its migration and platform operations.

Where can you buy NoLimitCoin?

NLC tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade NoLimitCoin is Uniswap V3 (Polygon), where the most active trading pair NLC/WPOL has a trading volume of $2,377.32 in the last 24 hours.

What is the daily trading volume of NoLimitCoin (NLC)?

The trading volume of NoLimitCoin (NLC) is $2,378.44 in the last 24 hours, representing a -8.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for NoLimitCoin (NLC)?

NoLimitCoin (NLC) reached an all-time high of $0.5072 and an all-time low of $0.0₅3345. It’s now trading -99.80% below that peak and 26,601.30% above its lowest price.

What is the fully diluted valuation of NoLimitCoin (NLC)?

The fully diluted valuation (FDV) of NoLimitCoin (NLC) is $802,138. This is a statistical representation of the maximum market cap, assuming total number of 900 Million ETH tokens are in circulation today.

How does the price performance of NoLimitCoin compare against its peers?

With a price decline of -8.60% in the last 7 days, NoLimitCoin (NLC) is underperforming the global cryptocurrency market which is down -2.70%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -2.00%.

How to add NoLimitCoin (NLC) to MetaMask?

Adding NoLimitCoin (NLC) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import NLC as a token. You can copy NLC’s contract address (0xc157ee77518769b8009642f68a8d6a500ff59d53) and import it manually, or if you've installed MetaMask's chrome extension, add NLC to MetaMask with one click on CoinGecko.

Add NLC to MetaMask.