There is a new leader in the sports gaming world by CoinQuora

There is a new leader in the sports game world

  • Betswap.gg is set to revolutionize the sports betting industry.
  • It allows placing bets on all sports and e-sports events through a third-party oracle.
  • It provides an unlimited universe for sports traders, spread bettors, arbitrage hunters and retail bettors.

Sports betting is standard business in the world of gambling and sports. But now, with its advent in the blockchain, the industry is about to take a whole new turn. It starts with the launch of Betswap.gg. Betswap.gg is a decentralized betting exchange based on the Ethereum Layer 2 blockchain. It is the first legitimate rival of the dominant betting exchanges in the world, allowing any consumer anywhere in the world to instantly connect their MetaMask crypto wallet and bet on any sport with the same odds. as the main players. It doesn’t require a name, email, or phone number, and transfers are instantly credited and debited.

The essence of Betswap.gg lies in the demand of the global betting community, which has long struggled with limited access to betting platforms, long wait times and difficulties in transferring fiat currencies between their banks. Betswap.gg is a Decentralized Autonomous Organization (DAO), which implies that it is not regulated or managed by a central management team. It is based on pre-programmed and locked smart contracts that manage DAO in a fair and transparent way.

Betswap.gg uses cutting edge technology to offer its customers a product that is both competitive and efficient. It also uses cutting edge match engine technology to connect manufacturers and takers around the world. It allows placing bets on all sporting and e-sporting events through a third-party oracle, providing liquidity for all major sporting events.

Bettors and bookmakers can also join the Betswap.gg platform without the restrictions imposed by centralized exchanges, allowing users to overcome the limitations typical of betting exchanges. It provides an unlimited universe for sports traders, spread bettors and arbitrage hunters, as well as retail bettors. Through a decentralized, trustless and irreversible blockchain system, it offers a transparent and borderless meta-universe with a level playing field.

Throughout the user experience, Betswap.gg never keeps its users’ funds, allowing them to use their crypto funds for other reasons at all times. This DAO is ultimately different from traditional betting organizations. There will not be unreasonable multi-million dollar compensation for founders, nor will there be any extraordinary dividend or incentive for officers or boards of directors.

Betswap.gg plans to redistribute the majority of its income (excluding operating expenses) to token holders through a regular token buyback and burn program, with the long-term goal of reducing the total number of tokens in circulation. by 90%, increasing demand for the remaining tokens, and increasing value for all of its users and token holders.

Rather than meeting room managers only interested in benefiting, users are the key elements in running a truly decentralized network. This improvement in technology has succeeded in shifting the probability to their advantage. This new blockchain operating model will have a huge impact on the betting industry as a whole. The democratization of online betting could shift the sector from a centralized model to a decentralized model.

Driving technological innovation, removing geographic barriers for users and allowing loyal users of the community and protocol to share the benefits of the exchange, Betswap.gg is set to revolutionize the sports betting industry.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CoinQuora. Nothing in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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