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daobet

DAOBet Launches BET Token Swap for Holders

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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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daobet

Play Game of Stakes: Battle for 500,000 BET, Make the DAO Blockchain Greater

daobet

The Game of Stakes event is an exciting new opportunity for participants to reap great benefits and endless entertainment. The collective IT gaming event is introduced by the DAObet team to test players strength while helping to build a greater and more stable ecosystem on DAObet’s blockchain. 

 

DAObet has become increasingly recognized in both the gaming and blockchain industry. The company recently unveiled some major changes and took action to rebrand itself to gain the recognition it desired and to ensure its relevance was addressed correctly. With that news, DAObet promised more exciting announcements were on the way and the Game of Stakes event is one of them: a brand new IT game that is unlike any other. 

DAObet’s blockchain is known for its ability to solve long-term issues in the decentralized gaming industry so that problems such as poor speed for transactions and performance, and other issues such as high network fees, will eventually never occur again. The blockchain is free to join — it offers the option to become a validator (as long as the minimum technical requirements are met) to help facilitate and ensure the decentralized gambling ecosystem is stable, efficient and the best of its kind. 

 

Game of Stakes is a game where users compete for the role of a validator, battling it out within the network. This unique idea rewards the players with prizes, in-depth interaction with the ecosystem and the opportunity to gain more knowledge, while at the same time benefiting DAObet’s blockchain. Participant engagement will help improve the blockchain as they will go head-to-head in a power struggle to become a validator, competing to prevent the DAObet network from receiving internal and external attacks. This will safeguard the blockchain’s successful service and ensure its stable operation. 

 

Registration for the event is open now. To be successful, potential validators are required to be able to cope with high loads and network attacks. They must also have a deep understanding of how to use the network, send transactions and make use of the voting method. The competition is ruthless and participants must have strong technical and economic skills and strategic thinking. Other requirements and the rules of conduct will be published on DAObet’s validator channel on Telegram. 

 

All this hard work will not go to waste as great prizes are waiting to be claimed, but this is no easy task. During the event, DAObet will run the full working copy of its upcoming mainnet. Participants will be tested on a variety of scenarios that could take place at random times. This includes attacks, code updates and governance issues. The processes will be transparent, public and monitored entirely within the blockchain. 

 

For all the hard work, over 500,000 BET tokens will be shared among the top three validators who gain the most points.

 

The Game Of Stakes has raised the stakes – testing strength, power and will to determine the best of the best. 

 

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