CoinPoker, one of the biggest names within the cryptocurrency poker space, has dived into another unique niche: crypto futures trading. However, there is no trading involved. Through CoinFutures, CoinPoker is providing users with a unique game where predicting the price of an asset correctly leads to big wins.
The platform is unique, the premise is simple, and the promises of gains are high. But the question often arises: will this game system give users the same feel of trading, or is it only for show?
The purpose of this article is to assess these systems and provide insights into the features that CoinFutures provides, their accessibility, and whether popular assets are supported.
CoinFutures: An Overview
CoinFutures is a crypto trading gaming platform that focuses on one aspect of the cryptocurrency market: crypto futures. It doesn’t delve into complexities associated with swaps or exchanges. What it does focus on, however, is the core aspect of the market: the crypto price action.
The entire ecosystem is built around simulating the real volatility of the market, with a price chart that shows the price action. It also contains other deeper settings for advanced players who aim to leverage their crypto knowledge to maximize their winning potential.
How Does CoinFutures Work?
Players, or in this case, “investors,” can simply pick an asset and predict its price. The options are simple: a price can either go up or down. Then, players fine-tune their prediction further through wagering and entering multipliers if they wish. Adding a multiplier (leverage up to 1000x) enhances the risks while also elevating the chance of gains.
After making the prediction, all players need to do is wait and see. Since there are monetary risks involved, CoinFutures introduces risk management: Stop Loss and Take Profit. These settings are part of the automated mode. But even if players are using CoinFutures via the manual mode, they can cash out at any time they want. It is an appreciated strategy, letting investors exit if their prediction goes bust and the market turns against them.
Assessment of the Key Features of CoinFutures
Below are the features of CoinFutures that make it a suitable option for both crypto-savvy and crypto-novice players:
Wager-Bound Risk
One aspect to understand about CoinPoker is that it is not a crypto futures trading platform, but a game that simulates volatility. This means that even though there are risks involved, they are only bound to the amount of money you have wagered. This is something CoinFutures reveals right before one starts to play.
It is only after acknowledging the risks that the players can proceed. This approach of going the extra mile to keep the players informed shows CoinFutures’ legitimacy as a trading game platform.
Multi-Period Price Analysis Window
The window that CoinFutures provides for players to see the crypto price action has different periods. Those who seek rapid gameplay can see the changes in price performance per second. However, those wanting to step back and play the long game can set the filter to 5 minutes, which gives more of a holistic view of the price action.
This makes the gameplay more versatile, giving players a taste of the real action without needing to buy any cryptocurrency.
Dual Betting Modes
There are two modes of gameplay available on CoinFutures, meant for active and passive players. Active players who want to get in on the action quickly can choose the manual mode. However, those wanting a passive play style can switch to the auto mode. It comes with additional options, Take Profit and Close Bet, letting players manage risks.
Leaderboards, Betting History and More
The bottom of the betting window shows comprehensive tables dedicated to Active Bets, Closed Bets, Public Bets, and the Leaderboard.
- Active Bets showcase the number of players’ ongoing bets.
- Closed Bets showcase past bets, offering users a strategic advantage.
- Public Bets let players see how others have placed their own bets.
- The Leaderboard informs players how high or low they are ranked compared to other players.
Multi-Cryptocurrency Support
When CoinFutures was first introduced, it only supported top cryptocurrencies such as Bitcoin, Dogecoin, Ethereum, and Litecoin. However, the list is much longer now.
Users can now bet on the prices of XRP, Tron, Solana, Cardano, Chainlink, SPX6900, FARTCOIN, Pudgy Penguins, dogwifhat, and even the Official Trump Meme Coin.
Assessing the Pros and Cons of CoinFutures
CoinFutures presents itself as a one-of-a-kind trading game ecosystem that is typically only found on exchanges. However, even though it could be considered just another game, its UI and options make it a suitable choice for many crypto traders and non-traders alike.
That being said, it does have its fair share of pros and cons.
Pros:
- Simplified UI: The platform’s UI is very simple. Every option is available on a single page.
- Multi-Currency Support: Players get access to multiple top cryptos for their game, including meme coins such as the Official Trump Meme Coin.
- Dual Betting Mode: CoinFutures offers auto mode and manual mode, depending on players’ play style.
- Leaderboard Access: Players can access a leaderboard that shows how they perform compared to other players.
- Cashing Out Quickly: CoinFutures lets users cash out quickly, which helps curtail risks in case the bets are going “bust.”
Cons:
- More Cryptocurrencies Are Required: The cryptocurrency market is growing, with new assets emerging daily. However, CoinFutures’ list of supported cryptocurrencies is relatively small.
- Bound to the CoinPoker App: Users need to download the CoinPoker app to access CoinFutures, which could be considered less convenient for some.
Conclusion
CoinFutures’ approach to a crypto trading game is unique, especially since the only risk to players is the amount they wager on the game. The UI, the underlying systems, and the presence of multiple assets further give users an enhanced gaming experience. When it comes to payment methods, the options include both cryptocurrencies and fiat, which makes the ecosystem accessible.
Overall, for those looking for an anonymous gameplay platform that focuses on the nuances of crypto futures trading, CoinFutures is a great option.
Visit CoinFutures
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of CryptoTotem, nor is it intended to be used as legal, tax, investment, or financial advice. The author or the publication does not hold any responsibility, directly, or indirectly, for any damage or loss caused or alleged to be caused by or connected with the use of or reliance on any content, goods or services mentioned in this article. Readers should conduct their own research before taking any actions related to this company.
