Dexsport is an innovative cryptocurrency project that has set out to revolutionize the betting market. The decentralized finance (DeFi) platform allows you to make predictions on sports, the finance market, cryptocurrency prices, and NFTs.
Today we will be taking a closer look at Dexsport and its underworking to determine whether the project and its native token DESU are real or fake.
So, without further ado, let’s dive in.
What is Dexsport?
Dexsport is a blockchain ecosystem that caters to users interested in betting and to crypto enthusiasts and investors who want to put their money into a liquidity pool that can earn them a passive income without much effort. The DeFi platform allows users to bet on sports, cyber sports, virtual sports, NFTs, and live markets, just like traditional bookmakers.
The Web3 sports betting platform runs on the Binance Smart Chain (BNB), OKC, and Polygon (MATIC) blockchains. Dexsport allows users to make unlimited bets, commission-less deposits and withdrawals, and tax payments.
Dexsport’s traditional sports package includes football, tennis, hockey, basketball, rugby, baseball, cricket, snooker, and volleyball. For eSports fans, the platform allows bets on League of Legends, DOTA 2, CS: GO, and Valorant, among other titles.
What is $DESU?
$DESU serves as the ecosystem native token of Dexsport that can be used for transactions, governance, and contributing liquidity to the pools.
DESU acts as the medium of exchange between two participants who interact within the Dexsport ecosystem. This way the platform can ensure that all bets are properly paid for, and settlements are made near-instantaneously.
Another use case for the utility token is that DESU holders can earn cashback. The more DESU a user holds, the more they can bet. Players can also earn rewards in DESU for contributing to the Dexsport liquidity pool.
Dexsport allows DESU holders to participate in the development of the platform by enabling them to vote. DESU holders will be allowed to enter the DAO and propose or vote on upgrades planned for the Web3-based betting platform.
Additionally, DESU holders can reward other users for their contribution to the Dexsport betting ecosystem. DESU also allows users to participate in the distribution of revenue from the common liquidity pool.
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Is Dexsport Real or Fake?
Considering all the points mentioned above, it is clear that Dexsport is a crypto platform that is aimed at sports and traditional betting enthusiasts. The interoperable betting site that works on BNB, OKX, and MATIC chains allows users to make bets on traditional and cyber sports, as well as money and crypto markets, and NFTs.
Dexsport aims to revolutionize the betting industry by incorporating an entire crypto ecosystem that is powered by the DESU token. The native utility token of Dexsport is used for performing transactions such as placing bets, for liquidity, as a governance token to vote on project upgrades, and as a reward token for those who contribute to the platform.
Dexsport has the outlook of a credible crypto-betting platform, but it is important to note that the ecosystem is relatively new and hence you should be careful playing around with it.
It is recommended to do your research before betting on Dexsport or investing in DESU tokens, and only put in money that you can afford to lose.
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