Leveling Up: The Evolution Of Betswap.gg

Added: October 12, 2023

Category: iGaming, Industry News, Operator News

Leveling Up: The Evolution Of Betswap.gg

A Brief Recap of Betswap.gg‘s Journey.

Since its inception, Betswap.gg has been a pioneer in the DeFi and sports betting arena. The project was initially started just over two years ago in 2021 as not only a business but also as a solution to a variety of real-world wagering challenges bettors face when enjoying the pastime in the traditional market. The team behind the project includes numerous professionals from the wagering industry, who set out to create an enhanced and efficient method for users to manage and utilize their assets for betting. Betswap was one of the first projects of its kind to recognize the benefits offered by decentralized finance, which is enhancing the finance space by introducing P2P relationships and replacing centralized financial institutions. DeFi provides users with an enhanced degree of control of their financial assets, which was one of the driving principles behind Betswap.

With a successful launch in September 2022, the platform quickly gained traction, boasting thousands of users and over $6 million handle in just a few months. The platform’s roadmap for 2023 promised a plethora of new features and enhancements, and they have delivered on that promise and will continue to do so. As the crypto winter begins to thaw, Betswap.gg is ready to capitalize on the renewed interest in decentralized applications and bridge the gap between Web 2.0 and 3.0

Decentralized Sports Wagering

Betswap.gg was built as a decentralized, permissionless & trustless, P2P wagering exchange. This means that users get to avoid things like exorbitant fees, long waiting times for payouts, and other hassles that come with traditional betting platforms. Users don’t need to go through a third party to wager on the platform. This also means that there is no centralized entity that can manipulate the odds or refuse to pay out winnings. The wagering solution allows its users to either wager traditionally or set custom odds and be their own bookies. Betswap.gg’s sports wagering platform was a huge hit, gaining thousands of bettors in a short period of time.

(New to Betswap? Check out their tutorial video on how to connect and place your first bet!)

Betswap.gg V2: More Than Just Sports Wagering

Betswap.gg took a significant leap forward by launching Betswap.gg V2. The new and improved offering is built on the foundation laid out by all of its previous iterations, making it the first decentralized full-fledged casino.

A Casino Experience Like No Other

Betswap.gg brought the most popular casino games like blackjack, roulette, and baccarat available to anyone with an internet connection. Additionally, they introduced an extremely popular line of Betswap.gg original games. Whether you’re a fan of card games or arcade games, Betswap.gg has something for everyone.

eSports

As the eSports wagering industry continues to grow at pace, more and more operators around the world are providing their users with eSports betting experiences. However, none of those operators offered decentralized eSports wagering experiences, until now! Betswap.gg makes placing wages on eSport matches as easy and accessible as betting on traditional sports. Many popular eSports titles are available on Betswap, including League of Legends, Dota, Counter-Strike, and many others.

Bridging the Gap Between Web 2.0 and 3.0

But what truly sets Betswap.gg apart is its ability to bridge the gap between traditional internet users and the blockchain world. In the world of online gaming and betting, the chasm between traditional platforms and the burgeoning blockchain-driven ones has been a significant obstacle. That was why the Betswap.gg team was so excited to bridge this gap and allows them to offer a unified, seamless gaming experience that is consistent and seamless whether you are using the traditional Web 2.0 or Web 3.0 platform.

This is the first blockchain-based betting platform that welcomes non-crypto natives. This inclusivity ensures that everyone, regardless of their familiarity with cryptocurrencies, can enjoy what Betswap.gg has to offer.

Inclusive Payment Solutions

Further enhancing its inclusivity, Betswap.gg is the first blockchain-based betting platform that opens its doors to non-crypto natives. They offer a wide array of payment solutions to cater to all users. Whether you’re familiar with MetaMask or prefer traditional payment methods like Visa, Mastercard, Google Pay, Apple Pay, or Samsung Pay, Betswap.gg has you covered.

How Does It Work?

Let’s break down the process into simple steps:

For Web 3.0 Users:

Sign in: Use your Web 3.0 wallet, such as MetaMask, to log into our platform.
Deposit*: Choose USDT stable coin as your deposit option. You’ll also need to select the network from options including ERC20, Polygon, or BSC.
Play!

For Web 2.0 Users:

Sign in: Register using your email or phone number.
Deposit: Deposit using a credit card, debit card, or e-wallet in your preferred fiat currency.
Play: Your deposit gets converted into tokens, enabling you to enjoy the games.

For the first time, players from both Web 2.0 & Web 3.0 can interact seamlessly, making transactions smooth and user-friendly. Whether you prefer using USDT from a Web 3.0 wallet or depositing fiat through traditional payment methods, Betswap.gg offers unparalleled flexibility to meet your needs.

The Future of Betswap and the Industry:

Betswap.gg has already had a significant impact on the sector. The company has been able to efficiently make use of the blockchain to deliver bettors a secure, transparent and, most importantly, trustworthy wagering platform. The company is set to revolutionize the wagering and casino indsutries and contribute significantly to the future of decentralized wagering. Be sure to keep an eye out for Betswap’s future announcements, as the platform has many exciting developments coming in the upcoming months.

Betswap.gg