The international P2P sports betting exchange that allows you to place bets from player to player.Unique software algorithms and created eco-system Si14.Bet – allows you to strengthen yourself in the. Download and open the betting app. Check your betting wallet address in the My Money section and then transfer some Ether to that address. Choose a betting house to play with (optional step) or just use the.
The platform allows users anywhere in the world to create and get into bets with any other person on the globe. As such, ZenSports, by using smart contracts, the blockchain protocol, and a defined token economy, gives users a completely decentralized betting platform.
How ZenSports Works
More people are now online thanks to higher internet penetration and cheaper mobile devices. Also, advances in technology continue to bring more innovations to the market. The use of blockchain in sports betting is one such development. Its safe, decentralized, and irreversible structure makes it ideal for the betting industry.
ZenSports empowers clients to create and accept bets without a centralized bookmaker. It, therefore, provides bettors with a cheaper, faster, and transparent procedure to place bets on sporting events.
The platform utilizes both cryptocurrency and fiat money. Bettors from outside the US, for example, can bet using real money. Clients can also make a deposit or withdrawal using cryptocurrencies such as Bitcoin, Litecoin, or Ethereum. They can also decide to use the Skrill digital wallet to make transactions using a fiat currency of their choice.
ZenSports “SPORTS” Token
The marketplace has a token that allows users to place bets, gain discounted betting fees, bonuses, cashback, and several other rewards.
Most bets on the platform use the SPORTS token, thus creating an incredible and rewards-driven experience for bettors than what is offered by traditional bookmakers. Also, ZenSPorts gives customers the ability to bet using Bitcoin or dollars.
As an added benefit to the token users, ZenSPorts pays its first dividends to SPORT token holders. It’s based on betting volume accomplished each quarter within the ZenSports application.
Final Thoughts
Currently, ZenSports is the only native mobile application offering sports betting on both the App Store and Play Store. It’s Daily Fantasy Sports contents are also accessible to residents within and outside the United States.
As a company, ZenSports is making strides to strengthen its financial standing. It closed a $675 seed funding round in October 2019. More recently, the company has announced the closing of another seed funding round of $675,000. The funding, according to the company, will go towards funding marketing and client acquisition.
Furthermore, the company has partnered with Nevada Sports Book and introduced an automated payments partnership. The partnership is aimed to tap the US market. The step also moves the platform closer to getting authorized in the U.S. and global markets.
Ultimately, ZenSPorts offers bettor improved transparency and the flexibility to make bets on their terms.
- Golden Matrix is setting up a new esports betting app.
- It will allow players to compete against each other for cash.
- The esports betting app has yet to begin its development stage.
LAS VEGAS – Golden Matrix is now in discussions to work on a new esports betting app that would launch in the future.
The new esports betting app does not have a name yet, but some details have been revealed about the upcoming app.
Peer To Peer Esports Betting
Peer To Peer Sports Betting Usa
For those who are interested in esports betting, this app is designed to put players against each other.
Esports players are often looking for a way to monetize their skills. With this app, esports players can match up with opponents, make a bet, and then compete. Once the competition is over, the winner will be awarded the wagered money.
“There are over 1.2 billion gamers worldwide, and popularity for E-sports continues to increase rapidly,” saidBrian Goodman, Golden Matrix CEO. “We believe this new E-sports offering would not only allow GMGI to generate additional revenues from our existing distribution base, but also provide an opening for us to expand beyond the Asia-Pacific region and enter the U.S. and other markets.
For those who enjoy watching esports, the details are less clear on how this app would benefit them. That is likely a solution that Golden Matrix will have to solve during the development stage of the app.
Honesty in match payouts could also be a problem. Unless the app can track who is winning in a game, players could lie when they lose. An honesty program is essential for players to make sure they get paid or they payout their wager properly.
Peer To Peer Sports Betting
There is a lot of problems to be solved with this app, but there is time to do so. Legal sports betting is essentially halted due to the ongoing COVID-19 (coronavirus) pandemic.
That means gaming companies have plenty of time to focus on other ventures, such as esports betting.
The release date for the upcoming app by Golden Matrix is currently unknown. It could launch later in the year, but it might miss the increased interest in esports betting by that time.
News tags: Brian Goodman | Coronavirus | COVID-19 | eSports | Golden Matrix | Las Vegas | Nevada
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Daniel is a writer that enjoys writing to inform readers. When Daniel was writing for The Borgen Project, he liked informing the world about victories in global poverty issues. Daniel is also an avid horse racing fan who has been going to the track with his father for over a decade betting the ponies. When he is not writing about sports betting or at the track, Daniel loves playing video games and watching sports in his spare time.
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