Altcoin Fantasy is a crypto fantasy trading game where users learn to trade cryptocurrencies risk free. Users start with $100,000 virtual USD, and make trades during the contest period. At the end of the contest, the players with the most net worth will win actual crypto.
In this week’s article, we will get to know the founders of Altcoin Fantasy — Tom and Jerry, a little bit more as well as their plans going forward.
Can you explain what Altcoin Fantasy is?
Tom: Sure thing! ACF is a simulation platform where users learn to trade cryptocurrencies risk free. Users start with 100k virtual money, and they get to make as many trades as they can out of the 1300+ coins and ICOs we support. We tally up their net worth at the end of the contest period. Whoever has the most net worth in USD will win! We’ve awarded hundreds of dollars in crypto already!
Can I get the app on the app store?
Jerry: Yes — we have an Android app out already. The iOS app is pending approval by Apple, so stay tuned!
What is the motivation behind Altcoin Fantasy?
Tom: We started Altcoin Fantasy because of 2 things. First is that we’re sports fantasy fans and we’ve been playing that for a bit. Second is that we got really into cryptocurrencies in the last 12 months— so we thought, why not combine these two together??
How did you get into cryptocurrencies?
Tom: I started mining Ethereum as a hobby when it was $6 dollars. We’re both software developers and we saw that Ethereum and smart contracts would bring to the world and that excited us. We’ve been reading on it and tracking the various coins that have sprung up since.
What are you plans for monetization of the app?
Jerry: To be honest, we built this first as an education platform. Currently brands are sponsoring the contests and all of the sponsorship money go towards rewarding players with prizes. In the future we might white label our product and bring it as a fun game to offices. We are also considering running sweepstakes for brands — again white labeling our solution. Altcoin Fantasy will always be free to play.
Has ACF helped out users who play?
Tom: We’ve had numerous success stories after talking to a few of our users. What we noticed early on was that there was a contestant who kept winning our contests. We were curious to see if she was a day trader or someone who have had a finance/trading background. To our surprise, she had picked up crypto trading after seeing that we hosted free contests that paid out Bitcoin to the winners. She was actually a legal assistant and had no idea until she started playing Altcoin Fantasy. That really inspired us to build out ACF more.
Who are your users?
Jerry: Users are from all corners of the globe. However the majority are from North America (about 55%). The rest play from Asia and Europe mostly.
What is your favorite meme on the Internet for Cryptocurrencies?
Tom: Mine would definitely be “When Lambo”, which refers to when a user will be rich when the coins they are holding have gone up dramatically in value.
Jerry: Mine would be “Just HODL it”. HODL confused me at first because I thought it was some 15 year old who didn’t know how to spell. Turns out HODL actually refers to something else (Hold On to Dear Life)!
What are next steps for ACF?
Tom: We have so many things planned for ACF. We are looking into expanding into Asia. Special interest groups have asked us to host private group contests for them, which we’ve done. Also the whitelabel solution is one we are exploring — that will give extra revenue that goes towards contests with bigger prizes. We are also looking to build out the educational piece more with courses on trading perhaps.
What surprising have you discovered while working on ACF?
Jerry: We’ve learned that there are over 1400 coins out there and many of them are really just scams. That’s another reason why we created ACF — to empower our users to make wise financial decision without losing their house!
Tom: I’m learning that we’re just starting to scratch the surface in terms of the future. There are so many benefits and applications of the blockchain and I can’t wait to see what the future holds!
Article written by:
Elizabeth — Community manager for Altcoin Fantasy