The platform is now out there on iTunes and Google Play Retailer
Rainmaker additionally supplied the identical characteristic for inventory buying and selling, replicating that of precise Inventory Exchanges in India
Linked to an precise international cryptocurrency change, Rainmaker’s change makes use of knowledge and references from reside occasions happening everywhere in the world
First Inventory Contest Restricted has introduced the discharge of its cryptocurrency fantasy gaming platform Rainmaker. In keeping with an announcement by the corporate, this makes Rainmaker the primary cryptocurrency fantasy gaming platform on the planet. The platform is now out there on iTunes and Google Play Retailer.
Previous to the discharge, Rainmaker additionally supplied the identical characteristic for inventory buying and selling, replicating that of precise Inventory Exchanges in India. “Even in inventory buying and selling, India is witnessing larger participation from a wider pool of people with younger professionals quickly becoming a member of the fray. Many of those are coming from tier II and III cities which is encouraging and a powerful indicator of a rising funding and earnings mindset, ” mentioned Harsh Himmatsingka, founder and CEO, Rainmaker whereas speaking concerning the inventory change platform
Linked to an precise international cryptocurrency change, Rainmaker’s change makes use of knowledge and references from reside occasions happening everywhere in the world. Gamers can safely make life like trades in a fantasy gaming surroundings. They’ll choose from over 20 various kinds of paid in addition to free contest codecs out there on the platform. The corporate said that the platform gives the flexibleness to exit once they select, permitting them full in-game management to cease loss/ revenue reserving.
“Whereas India’s love for cryptocurrency buying and selling has outdone that of even the US and China, the data round the right way to maximize one’s funding in crypto buying and selling continues to be restricted,” added Himmatsingka.
The crypto market has been surging amid the pandemic — globally, the crypto market cap has risen 10x, from greater than $200 Bn in March 2020 to $2 Tn in mid-Might this 12 months. Despite sure apprehensions relating to the volatility of the crypto belongings, the impact of the crypto growth over time is sort of obvious, given the rise in transaction volumes throughout crypto exchanges, globally and in India. As an example, WazirX claims to have achieved 10x development in simply 5 months, the platform recorded $5.four Bn in transaction worth in April this 12 months, up from $500 Mn in December 2020. Moreover, CoinDCX’s valuation just lately reached $1.1 Bn, making it the primary Indian cryptocurrency change to achieve unicorn standing.
By way of buyers and customers, India is at present ranked 2nd in a ballot of countries that use cryptocurrency essentially the most, with 9% of the respondents claiming they used crypto. The variety of crypto customers in India has crossed over 15 Mn between June 2020 and June 2021 whereas the investments within the nation elevated from $923 Mn in April 2020 to virtually $6.6 Bn by Might 2021, a development of about 400% in just one 12 months.