No Limit Technology Holdings, Inc
Invest in the future of online gaming
Minimum target reached
Closed on 07/01/21
$99,426
amount committed
$75k - $107k
funding goal
Regulation CF
exemption used
$1,050,000
pre money valuation
$501.00
min investment
43
investors
Security Type
Common stock
Voting stock
$0.03 per share
$0.03 per share
Pitch
Who are we
In 2015, No Limit Fantasy Sports, LLC was formed, in order to enter the rapidly expanding fantasy sports market. Seed funding was secured, the development team was formed, and within 9 months, a working platform was delivered. As Bitcoin and the entire cryptocurrency space evolved, it became evident that crypto and online gaming platforms were a perfect combination. Seeking a clear advantage, our company set out to form what is now known as NoLimitCoin. By 2019, No Limit Fantasy Sports was operating for three years and considered a mature company, ready to seek additional funds from investors. As the environment changed in 2020 due to the COVID-19 pandemic, the funding plans shifted. The company, along with the NoLimit community in Florida, decided to fundraise with the key goal of a sports betting platform operating in the United States.
No Limit Technology Holdings currently has 2 operating platforms and its own cryptocurrency NoLimitCoin. NoLimitCoin (NLC2) is a cryptocurrency designed to power online gaming applications. It provides safe and extremely fast transactions, at a very low cost. NoLimitCoin was designed for use on the No Limit Fantasy Sports platform, and the ‘no rake’ No Limit Poker platform.
Problem
Solution
CEO Rafael Groswirt explains the project
We will initially deploy a turnkey Sports Book and Live casino provided by BetConstruct. Following the deployment of the legacy platform, the betting protocol will be deployed. The protocol uses smart contracts to lock money and provide a non-custodial approach to betting.
Live Casino
Other Games
Slots
At the same time, we are working on deployment of the BetConstruct platforms, we will develop the NoLimit Betting protocol, using Smart contract CryptoCurrency technology. The betting protocol will allow others to build on the NLC Betting protocol.
Our company will build the first application for wholesale sports betting called Book2book.bet. Book2Book will operate out of Curacao and aim to bring the largest sportsbook operators to an exchange model using any ERC or BEP token to bet and NLC to pay the fees. The world betting market is $1Billion per day and an efficient wholesale betting exchange using smart contracts where all can participate does not exist! We will build book2book.bet for a fully non-custodial wholesale betting app for large operators first, and then the rest of the market.
https://book2book.bet
We will expand our crypto-based platform ecosystem and apply the latest technology to make movement of money as well as execution of bets much more efficient than the current platforms. Fees are also reduced to become more competitive than existing platforms.
Using the Web3 connected wallet will allow players to keep custody of their money at all times, unless it is locked into a smart contract for a specific bet. This solution creates a “non-custodial” approach to the player's money. All NoLimit platforms will operate this way.
Implementation of Betting platforms and the Smart Contract Betting Protocol
A traditional betting platform for sports will be implemented and a protocol will also be developed.
The multi-way smart contract betting protocol is set to be deployed in strategic phases. In the first phase, a prominent centralized platform BetConstruct.com will implement a traditional sports betting platform. However, in the first phase, the smart contract will not be leveraged.
In the second phase, a matching system with decentralized protocols and smart contracts will be developed. In this phase, the smart contract betting protocol will generate fees from the bets placed, and will distribute them to their respective stakeholders.
Here is our Roadmap
IT IS DEPENDENT ON MULTIPLE FUNDING ROUNDS.
Achievement & Traction
THE MINIMUM SHARE PURCHASE IN THIS ROUND 1 IS $501 AND THE MAXIMUM IS $5000.
The share sale of this round will get us new platforms and allow us to activate the existing ones:
We will convert our current platforms to Bep20 NLC and operate under the same non-custodial model as the Sports book.
Market
Competition
Business Model
The business model focuses on fees that vary in the different platforms. These are the averages of profitability. Client acquisition costs are projected to be $150 per user, while profit per month per user is projected to be an average of $30 per user per month. Break-even for each new player under such cost is 5 months.
The following are the profit margins for the different platforms:
Profit margins per platform
-
Fantasy Sports 5-10 % avg 8%
-
Sports betting 3-10 % avg 7%
-
Live casino .5% avg .5%
-
Poker 1-3 % avg 2%
Team
Use of Funds
Round 1:
Reactivate platforms
Establish Company in Curacao
Launch International Sports Book
Launch live casino
1 State Sports license application in the US
Further rounds needed for:
Significant marketing
More State gaming applications
US States Sportsbook platform license
Updates
No updates, yet. Stay tuned.
Q&A
Unfortunately, this securities offering is closed. For questions, please email support@trucrowd.com. Thanks!
SOO SIANG RICHARD TAN - Investor2 years ago
I HAVE ALREADY REGISTERED AND FILLED AND COMPLETED THE FORM REGARDING MY INTEREST TO INVEST IN NO LIMIT TECHNOLOGY HOLDINGS WITH ALL MY PARTICULARS AND I HAVE INDICATED THAT I WOULD PAY BY ETHER BUT THERE WAS NO WALLET ADDRESS GIVEN TO ME TO MAKE THE PAYMENT. PLEASE ADVISE. MY EMAIL IS RICHARD.TAN.S.S@OUTLOOK.COM.
Other Disclosures
Read the Form C filed with the SEC for other important disclosures, like financial statements, Directors, Officers, shareholders with more than 20% of voting rights, and more.
Special Note Regarding Forward-Looking Statements
This offering contains forward-looking statements within the meaning of the federal securities laws. We caution investors that any forward-looking statements presented in this offering, or which management may make orally or in writing from time to time, are based on the Company’s beliefs and assumptions made by, and information currently available to, the Company. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions, which do not relate solely to historical matters, are intended to identify forward-looking statements. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties and factors that are beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. While forward-looking statements reflect the Company’s good faith belief when made, they are not guarantees of future performance. The Company expressly disclaims any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this offering may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publically release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.
Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this offering may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publically release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.