Now you can test your trading strategies on simulated exchange and claim rewards

[Nifflerco]

Since the bull run starts we going to have a lot of new traders coming in to the crypto madness. I just want to put it out there that there is fairly decent simulated cryptocurrency exchange that has 90% of functionality that real exchanges have.

One of use cases for such tool is to test more aggressive strategies that you normally wouldn't do with real money or simply have fun. If you have your long term positions setup and have itchy fingers to do some trading, this is maybe for you. The best part is that you can exchange your play dollar profits into real rewards provided by the sponsors on the platform.

Homepage: https://niffler.co
Rewards page: https://niffler.co/app/rewards

Happy bull run everyone.

[Bitinity]

I think you should give the direct link to the main page of the trading simulator first. The given link on your post directs to the reward page which may make people confuse what is that since you say about trading simulator but you direct them to the reward page.
Is this your own site or you are just a user of this trading simulator?

[Nifflerco]

I think you should give the direct link to the main page of the trading simulator first. The given link on your post directs to the reward page which may make people confuse what is that since you say about trading simulator but you direct them to the reward page.
Is this your own site or you are just a user of this trading simulator?

Hello Bitinity, thanks for the observation, I have edited the post to include link to homepage. Yes, I'm one of the founding team members. I plan to do proper service announcement, but it's a bit too soon as I do not have enough rank here to make proper announcement with screenshots etc.

[LeGaulois]

I like the idea the site has an attractive concept to engage people. I will surely use it myself to get fun with, I hope to earn a Niffler Tshirt
An Android app would be nice to support the networking concept. Most people are always connected all the time.

[Nifflerco]

I like the idea the site has an attractive concept to engage people. I will surely use it myself to get fun with, I hope to earn a Niffler Tshirt
An Android app would be nice to support the networking concept. Most people are always connected all the time.

Glad you like it, and technical team is working on iOS and Android apps, unfortunately I do not have ETA for that. And for niffler t-shirt make sure you let me know your username here. I'm doing little giveaway draw for BitcoinTalk forum members https://bitcointalk.org/index.php?topic=5129514.0

[Zadicar]

Not bad rewards actually but these things will be mostly targeted out yet it wont really be that hard to achieve.

[Nifflerco]

Not bad rewards actually but these things will be mostly targeted out yet it wont really be that hard to achieve.

We are talking to bunch of potential sponsors to get even more cool rewards. In terms of achieving those profit margins, it's not as easy as you may think. If you try to get it quick then you must increase the risks you are taking. I saw one user lost 30k when trying to pull off 5x leverage short on bitcoin, and he was like half way there.

[Ailmand]

Since the bull run starts we going to have a lot of new traders coming in to the crypto madness. I just want to put it out there that there is fairly decent simulated cryptocurrency exchange that has 90% of functionality that real exchanges have.

One of use cases for such tool is to test more aggressive strategies that you normally wouldn't do with real money or simply have fun. If you have your long term positions setup and have itchy fingers to do some trading, this is maybe for you. The best part is that you can exchange your play dollar profits into real rewards provided by the sponsors on the platform.

Homepage: https://niffler.co
Rewards page: https://niffler.co/app/rewards

Happy bull run everyone.

I think this is a great platform for traders to test their skills and to learn from it. This tools will highly help traders, especially beginners to get a hunch of how trading works and play with other tools in trading. Thank you for sharing this with us.

[Nifflerco]

I think this is a great platform for traders to test their skills and to learn from it. This tools will highly help traders, especially beginners to get a hunch of how trading works and play with other tools in trading. Thank you for sharing this with us.

Thanks for good words. Our idea behind this is to enable people to learn a little bit about how exchanges work before having to spend any money. So they would have more confidence and literacy on how to acquire cryptocurrencies. Also have the ability to interact with other traders on the fly.

One thing that we can also do is to tell our users that it's not safe to keep cryptocurrency holdings on exchange. No real exchange would ever do that. We currently working on some cool ways to teach users about

[beerlover]

First of all amazing name. I am not going to just let it go and focus on the thing right away because the name is amazing and I know you guys must have some trademark issues considering niffler must have been trademarked already and that is why I feel like you can't just get too big because Harry Potter franchise will eventually find out about you if you go too big and than try to stop you because you are using a name from their story.

However, aside from that the idea is beautiful and I think many people would love to not only test out their strategies and positions but also get rewards for such things so I think you are going to eventually become big, not just big for you but really big. I hope you have a back up plan in case of a cease and desist letter from the movie studios.

[Nifflerco]

First of all amazing name. I am not going to just let it go and focus on the thing right away because the name is amazing and I know you guys must have some trademark issues considering niffler must have been trademarked already and that is why I feel like you can't just get too big because Harry Potter franchise will eventually find out about you if you go too big and than try to stop you because you are using a name from their story.

However, aside from that the idea is beautiful and I think many people would love to not only test out their strategies and positions but also get rewards for such things so I think you are going to eventually become big, not just big for you but really big. I hope you have a back up plan in case of a cease and desist letter from the movie studios.

I really believe Niffler is same as Kraken in that sense. Either way if it ever comes to that we should be big enough to deal with it. All I see it's just extra credit for them to inspiring us. They based Niffler creature on echidna we base ours on platypus. Niffler, the name is not proprietary to HP franchise either, as it was used long ago by some other companies. It's def grey area, but not too worried about that at this point.

Thanks for kind words about the idea itself.

[pundit]

Indeed this is a good platform where any trader can test his/her strategy w/o investing real money and also earn handsome reward. It would be like ice on the cake if you introduce some referral scheme. In forex most of the brokers allow demo trading whereas in crypto it is lacking, its a nice step to introduce such demo platform where rewards are real. I also like the option to mention the reason behind taking the trade, that seems more logical, what conditions made trader to take that trade, it will serve as learning edge to newbies also.

[Nifflerco]

Indeed this is a good platform where any trader can test his/her strategy w/o investing real money and also earn handsome reward. It would be like ice on the cake if you introduce some referral scheme. In forex most of the brokers allow demo trading whereas in crypto it is lacking, its a nice step to introduce such demo platform where rewards are real. I also like the option to mention the reason behind taking the trade, that seems more logical, what conditions made trader to take that trade, it will serve as learning edge to newbies also.

Thanks for kind words.

To anyone who has crypto related businesses, feel free to reach out and we can add your service/product as a reward.
 

[bhabygrim]

Thanks this is a good start for the new one's who wants to try trading .
They could LEARN and EARN at the same time and they would definitely earn more in real trading because of this site.

[Harlot]

Questions for the OP, I have seen the reward page and definitely all prices for your in-game dollars are expensive. I am just curious what is the starting money for all the traders after registering an account? And what will happen if the trader has run out of money? Because I pretty sure your in-game currency doesn't refill by itself just by going to zero? My guess is players have the option to buy more fake dollars from you also for you to earn money in the program at the same time keep the website running.

[Zadicar]

Not bad rewards actually but these things will be mostly targeted out yet it wont really be that hard to achieve.

We are talking to bunch of potential sponsors to get even more cool rewards. In terms of achieving those profit margins, it's not as easy as you may think. If you try to get it quick then you must increase the risks you are taking. I saw one user lost 30k when trying to pull off 5x leverage short on bitcoin, and he was like half way there.

Good to hear about getting a bunch of sponsors but wont really be that easy for sure.I agree somehow on the thing you said on achieving that target.It may sounds easy but risk ratio would really be high.
The good thing here is that for newbies would able to practice out their trading strats at the same time they can potentially earn but it shouldnt really be minded too much because it would be a stressful thing.

[Nifflerco]

Questions for the OP, I have seen the reward page and definitely all prices for your in-game dollars are expensive. I am just curious what is the starting money for all the traders after registering an account? And what will happen if the trader has run out of money? Because I pretty sure your in-game currency doesn't refill by itself just by going to zero? My guess is players have the option to buy more fake dollars from you also for you to earn money in the program at the same time keep the website running.

Great question, each user starts with 100k play dollars, users also have ability to create additional portfolios for experiments that do not participate in rewards program. In case user gets rekt we can reset account so they could start from 100k again. We do not plan to charge for this as user would simply create new account if there would be a price to get yourself back on track. However other users will see that your profile has been reset and we plan to make trades archive available in such case for extra transparency.

Edit: as for rewards price, we just started out with rewards like a week ago, and already had several claims, we always try to make sure that items are fairly priced and achievable. I'm sure you can imagine the case, where bull run would cause the entire rewards store to be emptied out, so we have to account for that too and make sure that it's mildly difficult to achieve it but still doable.

Hope that answers both of your questions.

[hyunee]

I love the concept of your site. Free trading, you can trade what coin you want with the use of play money. It's a good platform for newbies though. And, those "profits" from play money could be converted to different prices on the site. I'll try your site now.

[Mehr Sher]

One can easily test any trading strategy with the company they use for trading. It’s not even hard now days, so we just need to put time into it and I am sure we will be able to easily figure everything and able to test. But not just that, as there are a lot of Crypto Brokers which have competition or contest of trading, so we can use that which will be even BETTER deal for us and can allow us to get better results for working right.

[Nifflerco]

One can easily test any trading strategy with the company they use for trading. It’s not even hard now days, so we just need to put time into it and I am sure we will be able to easily figure everything and able to test. But not just that, as there are a lot of Crypto Brokers which have competition or contest of trading, so we can use that which will be even BETTER deal for us and can allow us to get better results for working right.

Not sure what you mean by this, but obviously you can test your strategies or participate in competitions risking real money. What we do is that we created the platform that allows you to test your strategies without risking your own money. Learn how exchange works without having to go through KYC. And to demonstrate people how things work. So once you ready to go on real exchange you will know what is market buy/sell, limit, stop loss etc. You take this for granted, but many people do not have basics and they are not willing to learn that using real money. We are simply lowering the barrier for the entry and preparing users for what are good practices, wallets and bunch of other stuff. We are using teach first approach to help Bitcoin to get mass adopted. This is not just for traders, it's for simple ppl who want to learn what is the process of buying crypto as well.