KuCoin Has Gamified Margin Trading and It’s Dope

KuCoin Has Gamified Margin Trading and It’s Dope

By FarewelltoMinds | Farewell2Minds | 7 Aug 2020


I’ve written about margin trading in the past, how dumb it is, how it only increases the profits of the exchanges, and how it essentially just gambling. I still stand by this. 

But, and this is a huge but here, KuCoin has released a battle brawl kind of game around margin trading. It is a part of KuCoin’s one year anniversary since opening margin trading. I know, a bit silly of an event but hey, KuCoin has been known to do things like this is in the past. A few years ago they gave out BTC just for guessing the closing price. 

Here's a screenshot of the game. You choose long or short, depending on where you think BTC is going, and then compete against others taking the opposite choice. If you win, you earn USDT. If you lose, you lose USDT. You start with $1, and it is admittedly fun. 

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I would strongly advise against putting large amount of USDT on the table with this though, cause then you're really just throwing your money away. Instead, have some fun by using the house's funds, $1, and just play a bit. 

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You can sign up using the QR code above and play on your phone. 

I think a gamified version of margin trading has a long future. Imagine the UI even more advanced than KuCoin's shown above. Instead with anime characters or something, or combine it with dungeon crawling or other crazy World of Warcraft mechanics. 

Anyway, long live Bitcoin.

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FarewelltoMinds
FarewelltoMinds

Trying my best to stay rational in an irrational world.


Farewell2Minds
Farewell2Minds

Crypto news, unheard of alt coins, investments as gamblings and self-hating decentralized financial musings

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