The First Decentralized Betting Exchange
November 29 2021 - 2:47AM
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The world of online betting has had a controversial history with
several attempts being made in the past to introduce a legal,
compliant and secure space for bettors to enjoy. In the past, most
of these projects failed due to legal issues, privacy concerns, and
other inefficiencies. However, the introduction of blockchain
technology in the space has sparked a new hope in the heart of
bettors as it ensures a secure and safe space for sport betting
enthusiasts. The pre-blockchain scenario compelled users to act
solely on trust that the platform will put their bets in due time
and accurately. Besides, they had to rely on an unknown betting
mechanism in an opaque and unfair environment. But blockchain can
potentially change the way betting works by distributing the
responsibility of tracking transactions across a broad network of
participants. Blockchain technology also introduces DAO in
the online sports betting space. A DAO or Decentralized Autonomous
Organization is an organization that does not have a single entity
controlling the odds of the project but its community and
investors. DAO can potentially change the online sports betting
industry by distributing control and making the platform fair and
transparent. Betswap.gg is driving this change by being the
first decentralized betting exchange that operates on multiple
blockchains. It is a multi-chain project that will first go live on
Ethereum and Polygon, followed by Solana and more, designed to help
betting enthusiasts lay bets on their favorite sports against
bettors around the globe. What is Betswap.gg? Betswap.gg is a
multi-chain decentralized betting exchange built as the first true
challenger to the world’s dominant betting exchange. The project
empowers its users to bet on any sport against a community of
global bettors by simply connecting their MetaMask in seconds.
Betswap brings the thrill of online sports betting with the added
advantages of being anonymous, decentralized, and global.
Anonymous – Bettors do not have to register or create an account to
start betting. They can simply connect their MetaMask wallet and
start betting. Decentralized – Betswap is powered by Ethereum and
layer 2 Polygon with a governance token that makes the project
completely decentralized. Global – Blockchain enables global
access, making Betswap available to bettors around the globe
without any restrictions or limits. Betswap.gg is a
multi-purpose platform with a variety of services and features.
Apart from betting, Betswap also allows their users to become
bookmakers, making the sports betting experience more flexible and
exciting. Some of the features of Betswapp includes, Order
Book – The order book gives the bettors in-depth knowledge about
their returns, odds, lay, matched bets and make your own odds. Back
Betting – Back betting is a feature offered by most online sport
betting platforms, including traditional sport-books. Bettors can
place their bets on a team and wager them to win. Lay Betting –
with Lay Betting, the bettor can play the role of the bookmaker and
bet on something that does not happen to increase the odds of
winning. Betswap.gg is the first decentralized platform to
fully utilize the capabilities of blockchain technology in the
online sports betting industry. All the transactions on Betswap.gg
are done in a mistrust-free environment without any centralization.
Moreover, the project is backed by a utility token with a buyback
mechanism to keep the supply fluid. Betaswap.gg is one of the
most promising blockchain projects solely built for online sports
betting enthusiasts. It ensures anonymity and security of the
users, allowing them to enjoy the thrill of online sports betting
without compromising on transparency.
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