DAOBet used the EOS blockchain as the basis for its own iGaming blockchain ecosystem. DAOWallet allows receiving payments in real time and exchanging crypto assets with BTC, ETH, BET and ERC-20.
The growth of the online gambling industry has allowed blockchain technology to offer all the features that any player could want. Among those advantages are speed, efficiency and tools like smart contracts, which work in harmony to provide both new and old players with a frictionless experience.
However, blockchain has many other uses, since operators, affiliates and game developers can use the DAOBet blockchain as the basis for mounting new games in which the only limitation is imagination.
Game operators, players, and affiliates consider that a secure and transparent environment is essential for the growth of the industry, as well as to encourage more exciting and innovative forms of play between all parties. DAOBet has announced its own customized blockchain ecosystem, iGaming, which has used the EOS blockchain as a basis and has modified the code to provide various features.
With a latency of 1 second per transaction, it has the ability to execute 3,000 transactions per second. As it uses innovative deterministic block finality via sequential block confirmation, the DAOBet mainnet will not be congested over time as the user’s load increases.
The network protects against hackers and malicious parties with a minimum of 100 validators. The difficulty in getting access to so many nodes simultaneously means that the data are extremely difficult to alter.
The demonstrably fair DAOBet model uses Signidice RNG Verification, which has been certified by Gaming Laboratories International, a globally recognized authority body for the gambling and betting industry.
DAOBet’s customizable ecosystem allows users to create their own games, which they can play with other users. DAOWallet allows easy management of resources for those games.
Native BET Token
DAOBet is increasingly changing its Ethereum-based ERC-20 token to its native BET token. The mainnet will be fully operational soon and users will be able to use their native tokens in the DAOBet ecosystem to create, host and bet on different games. The holders of ERC-20 tokens can convert them to BET tokens very easily.
First, they need to create a wallet or log in to DAOWallet. If the wallet is created for the first time, they must enter their personal e-mail, use the validation password sent to their e-mail address and create a personal CODE and a recovery phrase.
They will be required to convert the amount of ERC-20 tokens to in the native blockchain token BET. Then they have to press the Receive button to obtain the receiving address, where tokens based on ERC-20 should be sent. For ease of use, the wallet will also provide a QR code.
After sending the tokens and receiving confirmation, they must press the Convert button to begin the conversion of the ERC-20 tokens to the native BET tokens. The operation requires GAS, so it is recommended to have enough ETH for the transaction in the wallet.
Finally, they will be required to enter the amount of ERC-20 tokens to be converted to the native blockchain. They need to select the required amount and press the Convert button at the bottom. Of course, they must verify if the conversion has been completed successfully.
DAOWallet offers the possibility of receiving payments in real-time, thus making profits and having fun at the same time possible. DAOWallet allows users to exchange their crypto assets compatible with BTC, ETH, BET and ERC-20 directly with each other and add other tokens, moving money in and out of the DAOBet ecosystem is really simple.
By Willmen Blanco