Games like those offered on Red Fog, let people experience the cryptocurrency market by competing in free-to-play trading games against users around the world.
The objective is to select the best hypothetical basket of coins that generate the highest return. Users choose between free and paid entry games, in the latter you could win or lose actual Bitcoin. First step is pick the style of game, then consider your selection of coins. Picks are locked in when the clock reaches the scheduled start time. Red Fog captures information from several global crypto currency marketplaces, in real time.
From these initial coin prices players’ overall returns are calculated. At the precise end time the coin prices are taken again, best overall return wins the game. Winning isn’t always about maximizing return on investment. ‘Holding periods’ where users’ selections are frozen also come into play — the duration ranges from a couple of weeks to 48 hours. To conquer the leaderboard you’ll need to discover the ideal formula for the many different trading rules.
The performance of your hypothetical fund hinges on live market data. You could be playing against anyone in your group — friend from work, your husband, your wife, or the guy that keeps saying ‘you’ll be a millionaire if you grab as much so and so coin’ before ‘it goes to the moon’. Everyone is on a level playing field.
Simulated crypto tournaments may be the catalyst to crypto mass-adoption.
Crypto novices can test their skills against professional investors, social media celebrities and even hedge fund managers.
Maybe a little friendly competition is the only way to expose the scam coins whose utility was questionable already?
Your lifetime wins and other in-game achievements give you points to help you ascend the leader boards. Red Fog team games have you join a ‘fund’ with other players, agree on the best strategy and take on other teams.
If you’re starting out in crypto, looking to hone your skills, want to see how you fair against the Wall Street big-shots, or willing enter the world championship bracket — head over to Red Fog and play for free. You never know, you may end up winning some Bitcoin!