CoinPoker, a popular cryptocurrency poker platform, has taken a massive step towards a gamified way of crypto futures trading through CoinFutures.
With its sleek design and unique approach to helping veteran and novice traders interact with the cryptocurrency market, CoinFutures offers multiple features, but without the added complexities of KYC.
This article explores the different features of CoinFutures and deciphers how it can potentially onboard new people into crypto, especially at a time when the market has entered its bull cycle.
CoinFutures: An Overview
CoinFutures, also known as CoinPoker Crypto Futures, is referred to as a trading game where users can predict whether the asset of their choice will rise or fall in real time. The chart it provides simulates the volatile market conditions in real time, giving users a quasi-real experience with added complexities.
The platform clearly specifies that it is not an on-chain crypto futures trading platform. It is only a game that lets users get the feel of the market without actual exposure.
Getting started is simple, and the only requirement is downloading CoinPoker beforehand. In terms of the assets the platform supports, only five are available so far: Bitcoin, Ethereum, Litecoin, Dogecoin, and Tron. However, there are plans for more assets to be added.
Simulated Trading with All the Core Features
The entire CoinFutures ecosystem has been built around mirroring real market conditions, but within a virtual space. The cryptos one can use are real, but there is no actual trading. The process to “trade” crypto futures on CoinFutures consists of the following steps.
First Step is to Choose a Cryptocurrency
The very first step is to choose the cryptocurrency that users want to predict the price movement of. There are five options available right now, but more will be added in the future. CoinFutures offers live price charts of each asset to give users an idea about the market’s volatility.
Predicting the Price Direction
Once the crypto has been selected, users should predict whether the price will go up or down. The buttons are clearly provided, and all users need to do is select by clicking an option.
Predicting the Price
Once investors have predicted the direction in which an asset’s price will move, they add more details to it, such as what the price of the crypto will be. They can also select a multiplier to increase their potential rewards.
Afterward, users can monitor the price chart and see how the asset is performing. Profit-seekers can cash out early if they feel the market has moved against them.
Gamification and Strategic Crypto Interactions – The USPs of CoinFutures
CoinFutures has been designed to provide users with a simple layout and give them a taste of crypto futures trading. Since there are no assets being traded, there are no crypto trading-related risks involved. All they must watch out for is the asset they deposited in order to bet on the price movements, which is one of the reasons why CoinFutures has generated the level of buzz it enjoys today.
Other factors that have contributed to making CoinFutures popular are as follows:
Focus on Real-Time Action
Users get access to a crypto live price chart as soon as they select the cryptocurrency. These charts simulate real crypto volatility, essentially copying what’s accessible on TradingView. The addition of multipliers up to 1000x leverage can potentially enhance investors’ rewards, and being able to cash out at any time makes CoinFutures suitable for all kinds of investors.
Strategic Approach to Gaming
While the essence of betting tends to be luck, the amount of information available when it comes to predicting an asset’s price action makes crypto futures game-trading a matter of research. This gives a strategic style to how the games are played on CoinFutures.
Players who are confident about their prediction but still want to hedge their bets can set stop-losses as a way to manage the risk and take profit. And those who want to revel in the minute-to-minute price action can go with the manual mode.
Potential to Evolve During Gameplay
The presence of a leaderboard gives players two things. One, it lets them check where they stack up against other players. Secondly, it gives them insight into how the top players are betting.
Furthermore, CoinFutures also lets players check the prediction history to refine their gaming approach. There is also an ROI calculator available, which can be used to engage in smarter plays.
CoinFutures UI – Simplified Gameplay Systems
While many of the features of CoinFutures focus on giving users a familiar ecosystem that feels like a crypto trading platform, simplicity is still the key here. There are no exchange-style complexities, and instead of a spot trading module, a betting system runs alongside a crypto’s price chart.
The desktop app through which users can access CoinFutures is clean and easy to navigate, making it fit for all types of players.
Payment Options Available on CoinFutures
CoinFutures takes a standard and inclusive approach when it comes to payment options. In other words, both fiat and crypto methods of payment are available. For fiat users, the options include debit/credit cards, Google Pay, Apple Pay, and PIX. Cryptocurrency enthusiasts can choose between Solana, Bitcoin, Ethereum, Tether, Polygon, and BNB.
What Are the Pros and Cons of CoinFutures?
The crypto trading + gaming paradigm that CoinFutures implements is one that could lead to more people becoming interested in crypto. The indirect exposure to the cryptocurrency market makes this game exciting. However, it does have its fair share of pros and cons:
Pros
- Users are exposed to simulated volatility of the cryptocurrency market
- Multiple deposit methods are available
- Top cryptocurrencies can be wagered on
- Up to 1000x leverage available
- Features a simplified interface and a leaderboard
Cons
- Not a crypto futures trading platform; only a game
- Not directly accessible via the website; users must download the app
How to Start Using CoinFutures
Here are the three steps to get started with CoinFutures:
- Register and download the CoinPoker app from the CoinFutures.io website
- Make a deposit using the available options
- Open the Crypto Futures tab
- Start playing the game
Conclusion
CoinFutures presents crypto trading as a game, offering users indirect exposure to the thrills of trading digital assets. Thanks to its simple UI, robust systems, and straightforward wagering module, most traders, as well as players wanting to get a taste of crypto trading, can check it out. Although it could add more options, what’s presented here is more than enough for most players.