We are excited to announce the first project that will be featured in the Tenset Infinity Airdrop, Dexsport! Dexsport is an innovative betting platform that is providing a decentralised solution to a market that has long been dominated by monopolists.
Dexsport developed a decentralised betting platform on the Binance Smart Chain where the users play with a shared pool of liquidity and receive their winnings all via blockchain. Their services include sports betting, play to earn betting, a prediction market, P2P betting on exchange rates and NFT art collecting.
They opted for the decentralised format to facilitate the transparency of all operations on the platform and to target the popularity of Decentralised Autonomous Organisations (DAOs). The DeFi market offers a unique opportunity for players in the gambling space to remove the need for a bookmaker, as bets can be placed using the shared liquidity on the blockchain. Players can safely use the platform knowing that they are not being exploited by monopolists thanks to the transparency of blockchain.
Dexsport already has a working demo of their sports betting feature on their website https://dexsport.io. Players can place a bet on one of the possible events, where their balance will go to the common pool of liquidity. If the bet is successful, the money is sent instantly to the player’s Web 3.0 wallet. Dexsports utilises ChainLink as the oracle to port the data from off chain API’s to the Binance Smart Chain where the platform operates.
Dexsport is placing a large focus on gaming and esports to attract a new audience to their platform. Dota 2 has been identified as a key target in the gaming industry as the pinnacle of Esports. Dexsport is currently running a competition to predict the winner of the international Dota 2 tournament 2021, where the victorious user will get a guaranteed allocation in the upcoming IDO of $DESU. In addition to this, Dexsport will partner with Dota 2 teams and sponsor tournaments to spread their awareness and attract new users, as well as more exciting news in the coming weeks.
$DESU is the native token of the Dexsport platform. It is used to ensure the accurate validation of betting odds and provide transparent mathematical models for gaming platforms and providers. Holding DESU offers several benefits to users of the platform including opportunity for spin rewards, voting rights in the Dexsport DAO, monthly lottery entry and community prizes for events and giveaways with partners of the platform.
$DESU has a total supply of 1 billion tokens. They will be providing 10 million tokens to the Tenset Infinity Airdrop (1% of supply). This will be distributed over a period of 180 days to all investors who lock their 10set in the Infinity platform.
*Please note that the $DESU token has not yet been issued. The airdrop for DESU tokens will commence from 12 October, but can only be claimed by holders once the token officially lists.
The team behind Dexsport has vast experience across both the traditional business and cryptocurrency world. Their founders specialise in advanced technology industries as well as having expertise in the blockchain sector in particular. The team share a common passion to disrupt the current gambling economy that is dominated by powerful institutions who manipulate the market and exploit users. They aim to achieve this by presenting a decentralised and transparent betting system that works in the best interests of the user, not the bookmaker.
Dexsport joins the Infinity program as a ‘Diamond’ sponsor of the platform, which is the highest tier available for sponsors. The Tenset team have performed in depth research into the project and held multiple discussions with the team behind Dexsport to verify the authenticity and quality it provides. We are satisfied that this project demonstrates the suitable standards required to receive support from Tenset. We share the team’s passion for decentralisation and blockchain so are excited to support them as they seek to gain a foothold in the rapidly expanding digital betting market. Dexsport’s native token, $DESU, which will feature in the Airdrop, has not yet been released so offers huge potential for investors to acquire at such an early stage. We are delighted to be sharing such an innovative token with the Tenset investors within the Infinity platform.
As Dexsport is featured as a Diamond sponsor, they will have an IEO and public listing with our partner Kanga Exchange! This will take place in December, but full details will be announced a week in advance.
Dexsport official sources and social media:
Telegram Announcement channel: https://t.me/DexSport_io
Telegram community chat: https://t.me/dexsport_en
Whitepaper, Roadmap, tokenomics: https://dexsport.gitbook.io/whitepaper/