Blockchain Brew Q&A with Niffler.co

What is the story behind the founding of Niffler.co?

As traders ourselves and like everyone else playing in the space we've seen a huge uptick in the last year or so of friends and the general public looking to get into cryptocurrencies and crypto trading, but not knowing where to start. Most newbies are a little skittish to drop money into an exchange right away without having a clue what they're doing.

On the flip side, we also wanted a place where traders like us, your core audience of readers and other experienced traders could make money on a Patreon type model helping others learn as well and in that sense we like to think of Niffler.co as Coinbase meets Patreon, without the risk......

What is Niffler’s main mission and how is Niffler attempting to achieve this?

Great question...Mission wise, we truly believe that through gamification and rewards based education in a sandbox type environment comes mass adoption. How we achieve this is a two fold answer:

W/ newbies we allow them access to a live and real time simulated exchange while providing them with $100k in play money to trade with. This negates the risk of using their own capital on a real world exchange while still learning and possibly losing more then they are prepared to lose. Once they get good at it, they can rise to the status of a "trader" and get paid teaching and helping other newbies learn.

W/ experienced traders, the Niffler.co platform not only allows you to make money as well by helping others (view your trades, upload TA's, Trading View screenshots, links to your YouTube Channel etc etc), but also use their Niffler.co profile, ranking on the leaderboard, and their earned badges as a calling card to invite and monetize their followers on other channels they are on ie Reddit, YouTube, Twitter etc. Niffler also allows experienced traders the opportunity get a second opinion on their real world trades from other top traders by following their trades in real time as well allowing them to hone their skills, risk thresholds via comparison tracking etc. Experienced traders can also challenge each other 1v1, lay money on the line to see who's truly top dog.

What significant upcoming milestones should Niffler users be aware of?

The team is ramping up as we speak and we're currently taking pre-registers. Pre-registered users will get early Beta access, the ability to reserve their preferred trading handle, as well as getting an early adopter badge in their profile. Closed beta launch and invites will be sent out roughly around the last 2 weeks of August.

Launch is scheduled for the 1st week of September and our first "Top The Leaderboard Trader Challenge" for $1k starts October 1st, so get in early!

What are the toughest challenges your team has encountered so far?

The platform is fairly large and has a lot of moving parts as you can imagine. A big challenge surprisingly was Stripe integration in terms of allowing for the Patreon type model as well as some other unique custom payment solutions that make sure experienced traders as well as up and coming newbies who make it to the status of traders helping others get paid and get paid on a recurring basis. It's all sorted out now, but wasn't as easy as one thinks. We seriously owe one to some really great friends at Stripe for working on this with us.

Where do you see the crypto industry as a whole in 5 years and what role does Niffler play in that scenario?

We are all in and all firm believers in crypto and the good it can do for the world. In 5 years we would love to see more people having a deeper understanding of crypto than what we currently have at the moment. To get there, we feel that we have to do our part in achieving mass adoption through education. We know not every user on Niffler will want to become a top trader, however we do want to give our users the motivation to learn about crypto and be able to do that without risking their capital while also allowing the hard working, risk taking experienced traders an avenue to make money by sharing their knowledge.

To stay updated on Niffler.co and pre-register for their platform, click here.