What is Crypto leagues:
It is an online simulator that enables users to buy, sell and hold cryptocurrencies to make profits in a risk free manner.
The person who accrues the most profits gets to earn the prize.
In addition, the team also works towards adding new leagues which is another plus point.
For example they recently added a league for Banano (which is a feeless, instant, rich in potassium cryptocurrency powered by DAG technology that is disrupting the meme economy significantly.)
How do you join Crypto leagues:
1)Head over to https://cryptoleagues.io?ref=5fd4a8543003974d0ea333b8
2)Put in your email address and select a password to register
3) You will receive an email to confirm that you signed up to Crypto leagues.
4) Once logged in, you will see many options including trading, leagues , leaderboard and many more.
How to play Crypto Leagues:
The game does offer a help option which can be accessed anytime. Just try to follow that and You should be able to navigate on this platform with ease.
However, I might discuss in depth about the game’s features in my future posts although I think it is something that would be best learned experimenting yourself.
Is there any recommendation or suggestion that I would like Crypto leagues to implement:
Although nothing major but I think they could incorporate the option of having tokenized stocks. It is a fairly new concept so Please have a read through this article to learn more about this new space https://coinmarketcap.com/alexandria/article/you-can-now-buy-major-stocks-using-crypto-on-this-exchange
But in my opinion I see this as the point where merging of cryptocurrencies with the stock market , i.e stock market can't operate 24 hours a day whereas cryptocurrencies can and if You are like me.
There is a chance that You may like to have both options at your disposal. I actually consider this to be a very good innovation. I anticipate that things like this will be commonplace in the distant future and it could offer us more freedom as it brings out the best of both worlds.
And by having been exposed to such options in a simulated environment early on. Users will have greater trading practice and even potential success when they do decide to trade in the real environment
So this is something they might look into
What are the benefits and cons of simulators like Cryptoleagues
- A risk free environment to practice trading skills with the price fluctuations based on real statistics.
- If successful, it is actually possible to win prizes which is actually awesome considering we don’t have to spend a dime
Cons:
- I do not think there are any. But I do want to give a word of caution.
While Cryptoleagues enables people like You and Me to get an insight into the world of cryptocurrencies in a risk free manner.
It is not an accurate depiction of real markets despite being strikingly similar to real trading.