Niffler Launches Simulated Cryptocurrency Learning And Trading Platform
Due to its incredibly volatile nature, the cryptocurrency industry always generates mixed fortunes for investors. While many traders have become millionaires in a relatively short period, a sizeable number have also lost large amounts of their wealth to this sector. The primary differentiating factor between profiteers and losers is the ability to identify the most suitable course of action, to buy, to hold, or to sell. As a result of the significantly high risks and the voluminous statistics, most individuals opt to entirely stay away from crypto trading.
The investors who are bold enough to delve into digital asset trading often seek to know how to maximize their profits while minimizing the risk to do this, it is imperative to have knowledge of interpreting the cryptocurrency performance data and charts. Unfortunately, most of the popular crypto trading platforms are looking to recruit as many investors as possible, while ignoring the aspect of educating newbies on the subject.
Unlike many of its contemporaries, the Niffler.co cryptocurrency exchange features a crypto community where newbies can interact with trading experts and share knowledge for free, as well as a platform through which experienced traders can trade their acumen in exchange for virtual coins. According to its creators, Niffler.co is a riskless rendition of the partnership between Coinbase and Patreon.
The most impressive feature of this innovative solution include:
Free Cryptocurrency Trading Capital
Every new member of the Niffler platform is given $100,000 to be used in a simulation of digital asset trading. Using this amount, beginners can repeatedly conduct demos on the exchange as they learn the basics of crypto trading. Besides, this incentive is a riskless alternative to the investment of actual money by the novice traders.
Multiples Ways Of Earning
After completing the learning process, new investors can start earning by conducting actual trades. Moreover, expert traders can also earn digital currencies by sharing their knowledge with greenhorn investors.
Proof of Experience Sorting Mechanism
As the name suggests, this standard will be deployed to ascertain the varying knowledge levels of the Niffler platform members. Once the evaluation is done, the system will assign a status to each individual. Traders with a higher rating will command significantly higher fees in the payable education platform as compared to less-experienced individuals. Notably, Niffler will levy a 5% commission on every transaction between a teacher and a learner.
Niffler Cryptocurrency Trading Resume
In addition to Proof of Experience rankings, Niffler also allocates badges to trading experts on the platform. These badges are given in accordance with various achievements of a specific trader throughout his investment history.
Niffler Inauguration And Roadmap
As mentioned above, the Niffler trading platform and community will encompass, traders, learners and earners. The solution is scheduled to launch in September, with over 3,000 individuals already registered before the inauguration event. Initially, the simulator will support major cryptocurrencies such as Bitcoin and Ethereum and Litecoin. Later on, this service will offer support for most of the commonly-used altcoins.
In the future, Niffler intends to offer a course to traders on how to master specific trading platforms. For instance, a trader who prefers Coinbase will have access to material concerning that specific exchange, and so on.
Despite the advocacy for mainstreaming of digital currencies, very few institutions readily offer the necessary education to newbies and crypto hobbyists. However, Niffler.co is determined to change this by available both resource s and a platform to facilitate the sharing of this knowledge.