Following the smooth and hitch-free launch of its mainnet, the DAOBet team have now proceeded with its token swap program, to enable holders of its ERC-20 tokens to get its native crypto powered by its dedicated blockchain.
With the increasing growth of the online gaming ecosystem, blockchain technology brings more promise to participants, including speed, efficiency, robust tools such as smart contracts, which all work together to give gamers exciting experiences.
As such, the DAOBet team decided to launch its own mainnet to allow game developers and publishers, affiliates and operators to build their games upon its platform.
Formerly built upon the EOS distributed ledger technology network, the continued growth of the DAOBet ecosystem has made it essential for the platform to launch its own mainnet, to provide users with more transparency, and speed, among other benefits.
DAOBet has forked the EOS code to form its own blockchain protocol to provide users with a vast array of benefits including:
Superfast Transactions with a latency of 1 second per transaction, with a transaction processing capacity of 3,000 TPS.
Scalability is also important and the new mainnet prevents network congestion by using an innovative deterministic block finality via sequential block confirmation.
The DAOBet network also uses a minimum of 100 validators to secure itself against security threats from hackers.
What’s more, DAOBet uses the Signidice RNG, certified by Gaming Laboratories International, a global regulator for the gaming industry, to provide users with provably fair gaming on its platform.
DAOBet also allows users to use the Customize functionality to tailor their games according to their preferences and play it with other users and it has also integrated the DAOWalle into the platform to enable users to manage their funds more easily.
Though the mainnet is still on its way to becoming fully operational, the DAOBet BET token swap process has begun and it will soon stop supporting the ERC-20 version of the token.
The Conversion Process
ERC-20 BET token holders are required to convert the tokens themselves by getting onto the DAOWallet, and confirm the exact amount of ERC-20 BET tokens to be converted.
Once successful, users must press the Receive button to get the address they will send their ERC-20 tokens to.
Once the token has been sent and a confirmation has been received, a user must click the Convert button again and follow the process till the end.
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