Bitcoin trading bots take on video games, interview with Paul Lindsell, Quazard founding CEO
The originality of this video game being that the player must build an army of crypto trading bots in order to conquer cryptocurrency markets.
Bitcoin trading bots are becoming more and more popular with professional and novice traders as we have seen in many articles.
A fun, educational and very well done video game that allows you to play along with trading Bitcoin and crypto, in a futuristic universe.
We wanted to know more about this Botwars game and its crypto bots, as well as Quazard, the company that created this video game that you can download on iOS and Android.
Quazard founding CEO Paul Lindsell answered our questions and tell us more about how this cryptocurrency trading video game was created!
Your game Botwars involves trading and especially crypto trading bots, how did you get into bot trading games and crypto?
It was these learnings that triggered the idea of gamifying trading and teaching users how to trade and use bots via game based learning.
How did I get into crypto? Well, I Initially spent a hundred on Bitcoin in late 2015 on a friend’s recommendation, as an investment, I paid very little attention to what was going on in the space, lost a few percent and stupidly sold within months.
Could you explain to the audience what your games are about and what players can expect to find?
However, we have also been conscious to create appeal for a wider, more experienced trader audience as well.
Botwars Crypto Trading is a mobile trading app that give players a fun way to make money and learn a little bit about trading styles, risk and order management.
We have studied the trading journey and broken that down into gamified elements. Different robots are different trading styles such as manual, signal and algo. Weapons are different order types such as market, limit, scaled, OCO. Ammunition is the leverage and we currently go upto 100x. And shields are stop losses or safeties.
You configure your robots and deploy them into battle, with the real market movement determining the outcome of the battles.
If your take profit target are reached, then you’ve won that battle. However, if your stoploss kicks in because the battle went against you, then there is a repair time and cool down period to stop you over trading.
All players start at level 1, and as you play you earn experience points and use these to level up your characters and weapons. The more you play the more you can do, the more risk you take on, the bigger the orders you make and you can use higher leverage.
So it all maps to a progressive learning and risk management experience.
We’ve layered that up with trading clans, so you player with other people. We have given each player an achievement tree so they have a progressive learning experience. Daily and monthly missions where you can challenge yourself.
And we’re building an internal marketplace where players will be able to access live trading signals, sentiment and other boosters to place better more informed trades and stand a better chance of winning.
We’re also working on player vs player games and clan vs clan battles, where players stake tokens to enter the battle and the winner takes all. This is going to be so much fun and really test the skill so individuals and groups of players.
Do you know what kind of people play with Botwars? Are they young people who enjoy games, or traders, or crypto fans?
The design in BotWars is very well done, is everything done with your team? How many people are on the team?
What is your business model?
There are also some rewarded video adverts, so players get something free and we get the advert revenue.
We are working on the integration of real money trading, and once this is done will add an additional revenue stream in the model through spreads. But we want to keep spreads low and commission at zero as we want players to win more.
Are you looking for partners to grow your activity and visibility?
Will your next games also involve crypto trading?
Any advice you would give to an entrepreneur who would like to launch a crypto project?
What is the next game coming up for release at Quazard?
Thank you very much Paul for all this information about your company and this exciting activity that combines video games and cryptocurrency trading.
Visit the Botwars website for more information.