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The introduction of blockchain to regular life has been nothing but a revolution. Things got a notch higher when this technology got involved in the sporting world, and today, Blockchain applications have opened up new innovations and revenue streams in ways more than one. With it, brands have been able to meet the needs of their ‘digital-native’ fan base with a lot more efficiency.
One platform that has made use of Blockchain in full capacity is BetDEX, which, over a span of two years, introduced various unheard aspects and redefined the betting industry.
Introduction:
A 2021-found venture, BetDEX is based on Web-3 and blockchain capabilities, and works on the vision of a “global decentralised sports betting protocol.”
With BetDEX, founders Varun Sudhakar, Niggel Eccles, and Stuart Toner brought in a fresh perspective towards betting with an objective to revolutionise an ever-growing traditional sports-betting industry. While traditional sportsbooks involve selecting wagers that one thinks will win, BetDEX enables users to bet in favour of the selection occurring or against the selection occurring.
There is a lot more than the platform provides to its users; here are four reasons BetDEX should be everyone’s go-to betting platform:
1. Cost efficiency
Contrary to conventional centralised platforms, BetDEX is a decentralised platform that operates using smart contracts on the Monaco protocol. As we all know, regular platforms burden their users with both direct and indirect fees. Meanwhile, sport-betting ventures like this offer transaction at gas fees, which are way more economical than the other Web3 betting sites.
In addition to this, BetDEX works on a liquidity exchange model, which ensures that users leverage better odds and higher returns by removing the need for bookmaker margins.
2. Secure and reliable
The next reason one should bet with BetDEX is that it comes with non-custodial wallets, which enable users to manage their own funds. This feature not only lets users take complete ownership of their wallets, it also gives them full control over them, guaranteeing more security and safety, without the involvement of a third party. Other notable characteristics BetDEX comes with are empowerment against cyber-attacks, instant withdrawal, and more privacy.
3. Unlimited Stakes
BetDEX is limitless when it comes to stakes and believes in eliminating any sort of dependency of users from start to end. One reason that support is limitless is when it comes to stakes. Probably one of the biggest reasons BetDEX should be on everyone’s list is due to the fact that it lets users earn by leaps and bounds. This platform doesn’t come with any stake limit, enabling one to increase their winning potential and earn money.
4. Exclusive odds
Another feature that sets BetDEX apart from other platforms is our odds. With us, you get to choose the odds at which you want to place your bet or order. Here, the back orders will get matched against lay orders till they agree on a price or the odds at which the event will occur or not.
In addition to this, with betting exchanges like BetDEX, users get to trade with each other, completely eliminating the margin that regular platforms would ask for. The primary advantage of it is that users get better odds as compared to traditional sites.
The features we have talked about in this blog not only make BetDEX a highly efficient platform but also state why it should be your go-to platform to bet your stakes on.
