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DefiXBet (DXB), a decentralized casino, what does this mean for players?

Oct 1, 2021
4.85 (604 votes)

DefiXBet (DXB), a decentralized casino, what does this mean for players?, Most clean, transparent, secure, anonymous betting platform.

DefiXBet

DefiXBet (DXB), a decentralized casino with DeFi feature.

DefiXBet and its token has taken the gaming and cryptocurrency world by storm, announcing its first decentralized casino with Decentralized Finance (DeFi) features as a part of its efforts to build the future of betting and P2P gaming platforms. The team is proud to announce what it calls the “most clean, transparent, secure, anonymous betting platform.”

DefiXBet explained:

DXB is a fully decentralized P2P gaming & Betting platform with no off-chain data. All data will be stored on the Blockchain using the SOLANA ecosystem, chainlink oracles, and chainlink VFR. we are planning to share its profits among DXBs token holders by using the Defi protocol.

Another intriguing point about DefiXBet’s platform is “C.D.B – Custom Decentralized Betting” which provides the ability for any player to create a new custom decentralized bet with a variety of betting options on DefiXBet’s platform. The players can share the result of their bets with other players, and, most importantly, the DXB token possesses an actual use case that makes it unique and will grow with the scale of the platform.

A secure platform:

DXB’s crypto-currency-backed developers have expressed their desire to solve many of the problems associated with centralized casinos, including the risk that casino players will ignorantly interact with manipulated game scripts that put them at a disadvantage.

To offer a practical and sustainable solution to this problem, the team can turn game scripts into Smart Contracts and thus eliminate the trust issue between casino players and the gaming platform since Smart Contracts enforce transparency.

Here’s why this casino is going to be mentioned often in GameFi news, once you read this it will seem like a no-brainer.

Passive income via DeFi in DefiXBet

Most of the profits from the project will go directly into the pockets of investors. The casino’s income is divided among the token holders, and the value of the token can increase infinitely as the platform becomes more well-known among the games and played by more players. 20% of the casino’s profits are dedicated to the “token redemption” process, which will be burned several times a year and will automatically cause the value of DXB tokens to explode over the course of a year. Tokens can also be used in the platform itself, which can also increase the value of the tokens tremendously.

The value of our token is directly related to the popularity of the casino. The more popular the platform is, the more profit the casino makes and ultimately the more valuable the tokens are. This is the first time in the history of DeFi projects that a definite growth in the value of a project’s tokens is expected.

DefiXBet

DefiXBet, here are the four main characteristics:

Decentralized P2P Gaming

The platform will be powered by the Solana ecosystem, and using Chainlink VFR (Verifiable Random Function), we will provide our users with a trustworthy & Fully Decentralized P2P Gaming experience. The decentralized P2P RPS game is our first game for the DXB Platform.

Decentralized Sports Betting & CDB

Using Chainlink oracle Networks DXB platform will interact with real-world data Like Sports result APIs in a highly tamper-resistant and reliable manner. This will ensure DXB Platform’s trustworthy and fair outcomes that are verifiable using cryptographic proofs.
With the CDB (Custom Decentralized Bet) feature, everyone can use the DXB platform to create fully decentralized bets based on their own rules.

Defi feature: Decentralized Finance

DXB’s major key features are using the “Defi” Protocol to share the casino’s profits among the DXB’s token holders [40%-40%-20%]; DXB’s Token value will overgrow by growing the platform’s scale. Token holders can gain passive income staking our token.

Incubation of 3rd Party Casino Games

The platform will provide new blockchain-based gambling games (3rd Parties developers) with DXBs community support and experience to ensure that the projects will be delivered with a great chance of success. This process will reduce the early stage risk factors and minimize the investment risks. Our incubator’s projects can only get funded by using DXB Token.

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