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DAOBet Launches BET Token Swap for Holders


The iGaming market is a fast-growing sector offering many opportunities to both developers and players. Now, aided with the transparency and safety of blockchain, the market is set to grow and add more value to the users. DAOBet is currently focused on this market and is set to deliver a dedicated blockchain design to serve the online iGaming market. In support of this, DAOBet is now switching over from its Ethereum-backed tokens to its own native tokens on a custom-built mainnet to better serve the decentralized iGaming community. 

DAOBet mainnet will provide unprecedented services yet to be experienced in the industry. By offering super-fast transaction speed with the capability of handling up to 3,000 transactions per second. DAOBet also overcomes scalability by utilizing deterministic block finality to ensure the network is robust and does not suffer from network overflow. Among other dynamic features include the integration of a certified Gaming laboratories International Signidice RNG Verification and an impenetrable security system secured by no fewer than 100 validators at any one time. Users also have the added advantage of building their own games on DAOBet’s fully customizable ecosystem. 

Token conversion 

DAOBet’s innovative vision is shifting towards sustaining its ecosystem with its own native cryptocurrency. This will allow users to tap into the immense benefits of the native token.  

ERC-20 BET Tokens are easily converted in a few steps:

  1. Create a DAOWallet here. Login if you already have one.
  2. First-time users should enter an email, use the validation password sent to the email, and create a personal CODE (instead of password) plus recovery phrase.
  3. Once logged in, click the BET (ERC-20) button.
  4. Click the Receive button to get a receiving address and QR code. Send the ERC20 tokens to this address.
  5. After receiving confirmation of the send, click the Convert button to begin the conversion. Make sure you have enough ETH to pay for the gas cost of this transaction.
  6. You will be asked to enter the amount of ERC-20 tokens you wish to convert. Select the required amount and press the Convert confirmation button below. A pop-up will inform if your conversion was successful.

DAOWallet, the decentralized native wallet for the platform, boasts of a real-time payment system alongside support for staking and voting. This allows users to access and interact with their funds in real time from the comfort of their device without distracting from their activity. 

DAOWallet also supports the seamless exchange of digital assets directly from the wallet. Users can trade BTC, ETH, BET, and supported ERC-20 tokens directly between themselves on the platform without the usual third-party exchange pit-stop and their attendant fees. 

With a mission to change the way we play forever, DAOWallet has now taken its biggest step forward yet to keep the good times rolling. Get your very own DAOWallet by visiting this link today!

About DAOBet

DAOBet, formerly known as DAO.Casino, is an iGaming platform for provably fair games. DAOBet uses Signidice RNG verification certified by Gaming Laboratory International as one of its innovative approaches in delivering a truly decentralized network.

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