Dexsport is a decentralized betting platform that allows users to play with a shared liquidity pool and receive near-instantaneous payouts once a win is declared. Users will transact and receive payments on the blockchain. The platform will feature betting, a prediction marketplace, P2P betting on exchange rates, and collection of NFT arts.
Built on the Binance Smart Chain (BSC), the project is a handshake between DeFi and betting. Players will deal in a common pool of liquidity and receive their winnings instantly. This liquidity pool, a public vault for players to put their assets, will serve each participant as a payment vault. Integrated with Web 3.0 wallets, the platform allows users to transact without KYC and registration.
Issues common among legacy betting platforms like hacking, extended payments time, sudden blocking of funds, and almost total lack of control of funds will be long forgotten with Dexsport.
The DeFi-betting project seeks to be the premier platform attracting two classes of people: Blockchain users and enthusiasts; and gamblers. The former offers a new way for crypto holders to contribute their assets to the liquidity pool for a fee. The latter helps simplify the user journey with no middleman and a more guaranteed way of booking and receiving payouts.
Sports Betting: a user interested in placing a bet on a sporting event puts his balance into the common pool of liquidity. If his bet turns out to be winning, he gets his win paid to him instantly.
Prediction Marketplace: A user can bet on an upcoming event. For example, Will Joe Biden win a second term? The odds for this are based on community actions. The betting will be based on a binary format: yes or no. If the player predicts correctly, he gets paid instantly.
P2P Betting: with this feature, users can predict the future rate of cryptocurrencies. You can pick any crypto token and gamble on how much it will be in, say, a week.
NFT Marketplace: with Dexsport, users can save up and put up for sale sports event cards in NFT token format.
Dexsport is a decentralized betting platform that allows users to play with a shared liquidity...
Nov 12, 2021
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