‘Rainmaker app helps users learn cryptocurrency trading nuances in a fun and gamified way’ | Interview

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Many people lose money in cryptocurrency trading due to a lack of knowledge and understanding of the nuances of trading. This is why experts suggest that you should first spend some time learning about cryptocurrency trading before putting your money at risk. Now an app promises to help new or aspiring crypto traders learn the nuances of crypto trading in a fun and gamified way.

Rainmaker is the world's first fantasy gaming app for cryptocurrencies, taking a real loss problem from new investors and turning it into a genuine learning curve in a fun, educational, and gamified ecosystem. In an email interaction with FE Online, Harsh Himmatsingka, founder and CEO of Rainmaker, shared more details about the app and also his views on what the future holds for crypto enthusiasts in India. Excerpts:

What is the Rainmaker app?

Rainmaker is a Fantasy Gaming application in the real money gaming segment for the stock and cryptocurrency markets. Rainmaker emulates real-world business environments in a fun, engaging, and gamified way. It offers Indian crypto enthusiasts and cryptocurrency curious a completely new and unique trading experience. It is based on the central vision of providing knowledge to people interested in knowing the nuances of this investment route in a fun way. It offers a near-real experience by gamifying trades and inviting players to learn analytical skills in crypto portfolio management.

A lot of people in India invest in cryptocurrencies even without having much knowledge and understanding about Blockchain and Crypto space. How can the Rainmaker app help these investors?

Rainmaker helps its users understand how market volatility works in the equity and crypto markets, and how an advantage is not the result of investing in a highly controlled environment, with negligible risk that can replicate loss-making emotions. In the real world. for faster learning and very small bet possibilities. Rainmaker also extends to instigating the best practice benefits of a diversified portfolio to spread risk rather than binary trading or putting all your eggs in one basket. We always encourage the importance of first selecting a platform that helps hone crypto trading skills and provides hands-on experience with proper guidance and knowledge.

Considering so much volatility and uncertainty, do you think cryptocurrencies can provide sustainable profits?

Volatility is an integral part of any negotiable market instrument and uncertainties are present in all industries. It's only a matter of time until our respected regulators come up with a flexible, open source plan that can be one-size-fits-all, rather than restrictive. It is very sustainable if you understand the fact that there are no shortcuts to creating wealth. Discipline, patience and knowledge are key to generating wealth in any investment market.

In your opinion, what should be the best way to enter the crypto space to achieve financial freedom?

Rainmaker is the best platform to start learning about the cryptocurrency markets as it can give you the experience you need to get started with basic investment strategies. To start with, only one cryptocurrency should be chosen at a time, as the market is very volatile and it is important to be careful before expanding the portfolio. Expert advice should be followed, and you should always start with minimal investments and after thoroughly researching the market. It also helps you learn from others in the market, whether it be for your gains or your losses.

How many people in India are currently using Rainmaker?

Rainmaker in its first month achieved a staggering 25,000 download mark in its open beta, with approximately 2,000 DAUs and is constantly growing at a 5% weekly growth rate.

What is the marketing strategy that makes Rainmaker unique?

Rainmaker, which is the world's first fantasy gaming app for cryptocurrencies, is unique in its own right, taking a real new investor loss problem and turning it into a genuine learning curve in a fun, educational, and gamified ecosystem. Rainmaker's exclusive USP “Exit” feature is the first of its kind in any fantasy gaming application and allows users to feel the real thrill of having control over their pseudo investments while replicating the Stop Loss or Profit Booking actions of the real world.

How to use the Rainmaker app?

Using Rainmaker is as simple as 1. Done 2. Set 3. Go; Select a contest that you like from a list of contests available 24 × 7, choose your desired Cryptos / shares and assign the weight to 2 of your best expected 2x and 1.5x artists, wait for the results to be announced after the contest or choose to take control by using the Exit feature during an ongoing contest that will give the user a rank and prizes based on predefined rules.

What precautions should be taken when using this application?

Rainmaker should not be considered a market simulator and does not guarantee any profit in real world markets. Users must be careful when investing in the real world markets and not depend on their selections within Rainmaker.

Cryptocurrencies have created a lot of buzz and excitement in 2021. What can crypto enthusiasts expect in 2022?

2022 will be a prosperous year for investors in cryptocurrencies that we believe, as we have faith and hope that the judiciary will involve market experts while we formulate a stimulating plan for investors in this space, since being the second country of investment in cryptocurrencies largest in the world, We are also seeing young people taking charge of their personal finances from an early stage, which is a direct determinant of a country's growth when the next generation of investors does not have to wait until the end of the years. times to build wealth and an endless stream of opportunities not only on the investment front, but also with regard to employment and technical literacy, bringing India one step closer to becoming a truly deserving candidate to be number one in innovation technology on a global scale.