Betting is an old activity, possibly as old as humanity itself. Since the dawn of civilization that humans have made bets with each other.

However, until the advent of the internet, betting remains virtually unchanged for centuries.

As online casinos and betting platforms became prevalent, a new revolution started to emerge with the birth of Bitcoin. Thanks to blockchain and smart contract technology, the betting space has become more trustworthy and transparent.

Blockchain was responsible for creating a new “provably fair” system, which allows the public to verify the random number generator. In this way, users can be sure that the house isn’t cheating and that the games they bet on are fair.

The revolution is now being taken a step further, as we are witnessing a new surge of smart contract-powered betting platforms. Dexsport, a sports/eSports betting protocol, is the headliner of this new wave of decentralized betting craze.

Dexsport takes decentralized betting to a whole new level by allowing instant payouts for winners and a provably fair, anti-cheating system. 

All payouts are made through a shared liquidity pool between the users, meaning users can be 100% sure they will receive their rightful winnings. It also disallows Dexsport from withholding any payments, as it has happened in the past with other betting platforms.

Dexsport services include sports betting, play-to-earn betting, a prediction market, P2P betting on exchange rates, and an NFT marketplace. Dexsport is also one of the first decentralized protocols to offer eSports betting, a rapidly expanding industry.

The protocol was developed on the Binance Smart Chain (BSC).

The team behind the project is comprised of experts in both blockchain, gaming, and the traffic industry. Its mission is to disrupt the whole betting space, which has historically has been dominated by monopolies, by placing the main focus on users instead of bookmakers. 

Dexsport is also backed by Ground Zero, a blockchain incubator that has an extraordinary track record in bringing exciting new ideas to life. Ground Zero’s help will be invaluable, as the company has successfully assisted numerous cryptocurrency projects with fundraising and marketing services, helping them thrive and accelerating the adoption process.

The Dexsport platform currently has a working demo, which allows users to bet and experiment with all of its unique features. As a way to celebrate the upcoming launch of the platform, Dexsport is organizing a series of contests.

The Dota 2 international contest has already come to a close, but users can still participate in the latest Testnet contest. The winners of this contest will have an exclusive opportunity to participate in the Dexsport IDO with a generous allocation of $50,000, which will be divided among the top 300 winners.

$DESU token holders will not only have certain privileges within the platform but will be able to vote on propositions, effectively managing the network protocol through community voting thanks to the DAO (decentralized autonomous organization) structure. 

An official date for the Dexsport IDO will be announced soon. Stay tuned and do not miss the chance to become a part of the future of betting.

For more information go to Website, Telegram, Twitter, Discord.

The post Dexsport — Revolutionizing Decentralized Betting appeared first on BeInCrypto.

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