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Lots of people lose cash in cryptocurrency buying and selling resulting from a lack of understanding and understanding of the nuances of the commerce. That’s the reason consultants counsel that one ought to first spend a while studying about cryptocurrency buying and selling earlier than placing their cash at any threat. Now, an app is promising to assist new or wannabe crypto merchants to study the nuances of crypto buying and selling in a enjoyable and gamified manner.
Rainmaker is the world’s first fantasy gaming app for cryptocurrencies, which takes an actual downside of latest investor losses and turns it round into a real studying curve in a enjoyable, educative and gamified eco-system. In an e-mail interplay with FE On-line, Harsh Himmatsingka, Founder & CEO, Rainmaker, shared extra particulars concerning the app and in addition his views on what the long run holds for crypto lovers in India. Excerpts:
What’s the Rainmaker app?
Rainmaker is a Fantasy Gaming app within the Actual-money gaming phase for Cryptocurrency and Inventory markets. Rainmaker emulates real-world buying and selling environments in a enjoyable, participating and gamified manner. It affords India’s crypto lovers and crypto curious an entire new and distinctive buying and selling expertise. It’s primarily based on the core imaginative and prescient of offering data to people curious about studying the nuances of this funding avenue in a enjoyable manner. It affords a near-real expertise by gamifying trades and welcoming gamers to study analytical expertise in crypto portfolio administration.
A lot of folks in India put money into cryptocurrencies even with out having a lot data and understanding about Blockchain and Crypto area. How can Rainmaker app assist such traders?
Rainmaker helps its customers perceive how the market volatility works within the crypto and inventory markets and the way simply an upside just isn’t the end result of an funding in a extremely managed surroundings, with a negligible threat that may replicate the real-world loss-making feelings resulting in sooner studying and probabilities of a really small stake. Rainmaker additionally extends itself to instigating the very best practices advantages of a diversified portfolio to unfold out the chance fairly than binary buying and selling or placing all of your eggs in a single basket. We all the time encourage the significance to first choose a platform that helps to brush expertise in crypto buying and selling and provides a hands-on expertise with correct steerage and data.
Contemplating a lot volatility and uncertainties, do you assume crypto can present sustainable earnings?
Volatility is a component and parcel of any tradable market instrument and uncertainties are current in each trade. It’s solely a matter of time until our revered regulators give you a versatile and open-source plan that may be one dimension matches all, fairly than being restrictive. It is extremely properly sustainable if one understands the truth that there aren’t any shortcuts to creating wealth. Self-discipline, persistence, and data are key to producing wealth in any funding market.
In your view, what ought to be the easiest way to enter the crypto area for attaining monetary freedom?
Rainmaker is the very best platform to start out studying concerning the crypto markets, as it could possibly provide the expertise you might want to begin off with primary funding methods. To start, just one cryptocurrency ought to be picked at a time, because the market is very risky, and it’s vital to be cautious earlier than increasing one’s portfolio. Specialists’ recommendation ought to be adopted, and one ought to all the time begin with minimal investments and after completely researching the market. It additionally helps study from others out there, whether or not by their wins or their losses.
How many individuals in India are presently utilizing Rainmaker?
Rainmaker in its 1st month achieved a staggering 25,000 downloads mark in its open beta, with about 2,000 DAU and is continually rising at a 5% week on week development price.
What’s the Go-to-market technique that makes rainmaker distinctive?
Rainmaker being the world’s first fantasy gaming app for cryptocurrencies is exclusive in itself, it takes an actual downside of latest investor losses and turns it round into a real studying curve in a enjoyable, educative and gamified eco-system. Rainmaker’s distinctive “Exit” USP characteristic is a primary of its type in any fantasy gaming app and lets the customers really feel the precise thrill of getting management over their pseudo investments whereas replicating the real-world Cease Loss or Revenue Reserving actions.
The best way to use the Rainmaker app?
Utilizing Rainmaker is so simple as 1. Prepared 2. Set 3. Go; Choose a contest you want from a listing of obtainable contests 24×7, select your required Cryptos/shares, and assign weightage to 2 of your best-expected performers 2x and 1.5x, await the outcomes to be introduced after the competition or select to take management through the use of the Exit characteristic throughout an ongoing contest which is able to give the consumer a rank and prizes foundation the pre-defined guidelines.
What precautions one ought to take whereas utilizing this app?
Rainmaker is to not be thought of a market simulator and doesn’t assure any income in real-world markets. Customers should train warning when investing within the Actual-world markets and never depend upon their choices inside Rainmaker.
Cryptocurrencies have created quite a lot of buzz and pleasure in 2021. What can crypto lovers count on in 2022?
2022 shall be a affluent 12 months for cryptocurrency traders we really feel, as we think about and await the judiciary to contain market consultants whereas formulating a stimulating plan for the traders on this area, as whereas being the second largest crypto funding nation on the planet, we’re additionally trying on the youth taking cost of their private funds from an early stage, which is a direct determinant of a rustic’s development when the following technology of traders don’t have to attend until the tip of time to generate wealth and an countless stream of alternatives not solely on the funding entrance but additionally with respect to employment and technical literacy, bringing India one step nearer to changing into a really deserving candidate to be primary in tech innovation on a world scale.
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