Dexsport, the innovative DeFi platform for betting on sports events, blockchain gaming, and other activities, introduced its native DESU token at the end of January 2022. The token is already functioning on the mainnet, and its launch has significantly accelerated the development of Dexsport. In less than a month, the project’s liquidity pool has grown fivefold, and the number of users is already over 2,500.
Why Blockchain Betting?
Betting on blockchain is a pretty promising area, as the existing problems in traditional betting do not allow the industry to develop normally. The industry itself is controlled by big players who require users to go through many complex procedures such as verification. Even after passing them, they do not receive a guarantee that they will be paid their winnings. The data is stored on servers that can be hacked, and criminals can use the data in many undesirable ways. These are data security and centralization issues.
Decentralized platforms offer an alternative for the betting industry that has evolved a lot during the pandemic, despite the constraints, as millions of people have been forced to stay at home and look for new ways to make money. Decentralization transfers management rights to the platform’s participants and makes organizations independent from third parties, eliminating intermediaries. It is managed by decentralized applications (DApps) built on the blockchain. DApp provides reliability, privacy protection, and transparency.
Benefits of Dexsport
The Dexsport project was created to eliminate arbitrariness and injustice from betting. Since the project operates on the blockchain, the entire game process becomes completely transparent. It is not difficult to check all actions data on the platform. Thanks to this, players can no longer be accused of cheating, and no one can close their accounts without explanation, as bookmakers often do.
Also, thanks to a well-established mechanism of smart contracts on the Dexsport platform, the situation when betting algorithms unfairly set odds against the user is entirely excluded. At the same time, on traditional sites, it happens pretty often. The smart contracts payout the players’ winnings without delay and monitor the correctness of the coefficients.
Perspectives of the Dexsport Platform
Dexsport is a real breakthrough in the world of online betting, as the transparency and clarity of payouts not only increase user confidence in the gaming space itself but also involve thousands of new participants in this space. Dexsport does not require identity verification, which means that the player can remain anonymous and not risk compromising their data.
On Dexsport, you can bet on any game: sports, blockchain games based on the Play-to-earn model, the prediction market, P2P cryptocurrency rate prediction, and the NFT market. The game is not against the platform itself, as in traditional betting, but against the joint liquidity pool. Over the past month, the Dexsport model has proved reliable and attractive. When the platform put its native DESU token into circulation, it gave a fivefold jump in the growth of the liquidity pool, which provided the opportunity for more significant winnings for participants.
The liquidity pool with near-instant settlements ensures all payments on the platform. All the necessary information uncovering the Token Utility is available on the official website dexsport.io in the Tokenomics section. Please, forward your questions directly to Dexsport official Telegram group or email [email protected]
Disclaimer: This is a paid post and should not be treated as news/advice.