Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Blockchain

The DAOBet iGaming Solution Mainnet is Now Live

Published

on

The DAOBet iGaming Solution Mainnet is Now Live
Reading Time: 2 minutes

 

 iGaming company DAOGroup has announced that the long-awaited DAOBet mainnet has been launched by validators.

DAOBet (ex DAO.Casino) is a blockchain for the iGaming 3.0 industry, with the mainnet launched by validators on Nov. 27, 2019. The mainnet was launched by 21 leading block producers with eight more validators on standby. The development will further realise the full scope of DAOGroup’s decentralized iGaming products.

DAOBet Mainnet: Launched by Validators

Built by DAOBet and launched by validators, optimizing the EOS blockchain codebase, the DAOBet mainnet is set to bring about revolutionary changes to the gaming industry. It showcases an optimized blockchain with fast finality and the capacity to process 3,000 transactions per second. The mainnet features advanced governance with 1-second finality and top-rated provably fair random number generation algorithm (Signidice PRNG verification) – certified by GLI. The design of the DAOBet mainnet will enable game developers to utilize the flexible and robust creation opportunities and environments provided by the blockchain.

In view of the mainnet launch, DAOGroup previously announced the preparatory phase for the migration of its native utility token BET from the Ethereum blockchain to the mainnet, which will further maximize the token’s utility within its native environment. A token swap process through DAOWallet was initiated for holders of the BET token, which has now concluded due to the launch of the mainnet.

The BET Token

The native token BET will provide utility for the DAOGroup ecosystem. To obtain  BET tokens, users can head over to the simple-to-use DAOWallet and directly transact from inside the wallet in just a few steps. Alternatively, users can buy BET tokens from the HitBTC cryptocurrency exchange. The BET token will also allow its validators to stake on the DAOBet blockchain and be rewarded for doing so.

DAOGroup: Uniting the Masses

DAOGroup unites the following projects, bringing cutting-edge decentralized protocol solutions based on the DAOBet native blockchain, that has been developed since 2016 and was recently launched by validators. The DAOGroup ecosystem consists of DAOPlatformDAOWallet, and DAOGames. Each of them is catered to carrying out  specific tasks, broken down below:

DAOPlatform – A blockchain-based turnkey solution for a crypto casino that uses smart contracts for all financial transactions, providing transparency and safety for players, developers, operators and validators. DAOPlatform ensures that neither operator, player nor affiliate has an unreasonable advantage over the other.

DAOWallet – A safe and secure crypto wallet that helps to manage assets and provides the possibility for players to authorize on DAOPlatform, play games and receive real-time payouts. DAOWallet is the key to the DAOGroup ecosystem and acts as a payment gateway for game developers, operators, validators and affiliates.

DAOGames – A B2B online casino games service reaching the opportunity to complete blockchain iGaming infrastructure introducing a wide online games portfolio with the help of existing popular gambling content providers. This is a full-scale game publisher provided by industry professionals in evaluation, marketing, product development, and localization.

Thanks to high throughput, fast finality, and sponsorship transactions, DAOBet blockchain provides for applications like DAOPlatform, DAOWallet, and DAOGames the user experience level required for the iGaming industry.

Visit the DAOGroup official website for further information: https://dao.group.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Advertisement

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.