How to Use BetSwap? A Step-by-Step Guide

Ready to test your luck? Do you have the hands of Midas to boost up your wealth? Are you confident with your favorite team against their opponents? Introducing, BetSwap platform is the first peer-to-peer web 3.0 sports and esports exchange and currently one of the top decentralized apps of Polygon.

It’s permissionless, trustless, and non-custodial. You can connect your crypto wallet via MetaMask and start playing. Now again, very fitting as the Portland Trail Blazers against the Washington Wizards today. Should be a very, very tight game. Let’s see who wins. You can make sure and play your exchange rate on this.

See if you can get some cash out of it. But if we continue going over some of the problems that this platform is solving. For instance, there is an issue with trusting a web 2.0 gaming platform where you need to transfer a certain amount of funds you plan to use while playing.

Well, the solution here is that you don’t need to transfer anything. Whatever is in your MetaMask is under your control. You only play the amount that you want and the amount goes into a smart contract awaiting the results.

Whatever the results are, you get it credited or debited accordingly. You don’t need anyone’s permission to withdraw the funds or trust anyone to give you the funds. It’s all on blockchain technology.

You can use stablecoins like USCT on Polygon. You only need some MATIC, which is obviously Polygon token for anyone who doesn’t know, for the fees which are like 0.1 per transaction. It’s fast, safe, secure. No one can ever contest your win or loss. Your game is in the smart contract and processed based on the actual results. You don’t need to send more than you will play.

Your money is always going to be under your control in MetaMask, which you control. All of their smart contracts are audited by Certik and the BetSwap token is called BSGG and has $18,864,673 Fully Diluted Valuation. They have a great user interface as we can see up in front of us here on their website.

Easy to use. Everything is just at a few tips of your fingers.

They also go over a lot of their features here, like for instance, the Back Buy, Back Play is the typical play available on all sports play sites, including traditional sports books. When you’re backing a team with a play, you’re essentially wagering that team that will win. Then there’s the Lay, which is the sell.

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This is an option on exchanges where players can play the role of the bookmaker rather than backing a section to win. Lay your place, enabling you to play on something that does not happen. Lay playing allows you to be the bookie and set your own odds and allow someone else to take the play.

When it comes to the Order Book, the Order Book is a list of the plays available on the BetSwap platform and the odds associated with them. Their order matching engine will match customers looking to place plays with the matching offers.

We have all the backs, the odds, the lays, the match. They have something called their automated liquidity pool. You can be the bookie.

No trading experience? No problem. Their AI driven automated trading tool does all of the work for us, laying the sports and markets of your choice and matching the players all around the world.

You can earn while you sleep. You deposit into the BetSwap global liquidity pool and you earn ROI on the plays matched on the top sporting events around the clock. You can also manage your portfolio 24–7, check your stats and investment positions in real time and withdraw profits back to your wallet daily.

Their community DAO, definitely something to be noted as well. Their community builds their product. Active members in their community participate in regular customer focus and research groups, to define the look and feel of their products and features.

I really like the fact that they give members of the community this choice to do so and really have an active play in their project. They decide which new games and tournaments they introduce and which rewards and promotions that they offer. All BSGG holders have voting rights in the most important decisions for this platform for choosing their mascot for their next roadmap milestone.

Developing the best and most widely used decentralized sports trading exchange wouldn’t be possible without their community.

Now, to earn the BSGG, you can check out their tutorials, learn all about it and take part in their quiz. You can also earn free BSGG coins.

Some more information about their protocol itself, like the token utility. The BSGG token provides multiple utilities, including their DAO governance, staking, social, playing and discounted platform fees. Their sports trading exchange.

When you hold the BSGG token, you will receive a discount on the platform fees, leaving more money in your pocket. The BSGG token itself is an ERC-20 token that resides on the Ethereum Polygon blockchain and is the centerpiece of this platform. When it comes to their token buybacks, Betswap regularly performs BSGG token buybacks.

This removes tokens from circulation, ensuring the token supply is consistently reduced and is deflationary by design. They have some hot upcoming BSGG games. They’re focusing on transforming how people think, feel and play during their engagement in sports.

List of the Games You Can Bet at BetSwap

And while playing, their games are not only designed to be better as to what’s on the market but are built to delight people and deliver more value. So what does this all entail? Well, this platform has integrated some of the most popular casino games such as Roulette, Blackjack, Game Shows, Baccarat, and a lot more. Now this is definitely the spot that I want to highlight is their BSGG sports.

This platform is definitely this place where you want to be when playing your odds against some of these games. They are supporting:

• Tennis
• Basketball
• Cricket
• American Football
• Ice Hockey
• Baseball
• Rugby Union
• Rugby League
• Australian Rules
• Volleyball
• Tables Tennis
• Darts
• Snooker
• Handball
• Futsal

And many more!

You can also bet on eSports on their platform which gamers would really love. Here are some of the eSports you can bet on:

• League of Legends
• DOTA 2
• Counter-Strike
• Overwatch
• King of Glory
• Starcraft 1
• Starcraft 2
• Valorant
• Rainbow Six
• eFootball
• Arena of Valor
• Mobile Legends
• eBasketball
• eCricket
• Table Tennis

Some of their investors are backed by Shima Capital, M6, DSA Investments and Wonderland.

That’s when they started their architecture design and user interface as well as UX. In October 2021, they had their private sale IEO listing discussion. November 2021, their development testing deployment marketing began.

December 2021, their official marketing PR as well as influencers. In January 2022, their private sale concluded, listing on SushiSwap. And February to April of 2022, they’re going to be having their testnet launch, multi-chain staking.

May 2022, their influencer marketing contest improved testnet. June 2022, they had their mainnet beta launch with ABLP. They also crushed their global partnerships to B2B discussions from August to September of 2022.

And in October of 2022, they did their DAO, their voting, social playing, free-to-play CEX Tier 2 listing. November 2022, their fantasy sports on the metaverse. And December of 2022, they had their CEX Tier 1 listing.

Let’s stay tuned for that. When looking at some of the latest articles, they can be found on Coindesk, Investing.com, Forbes, NewsBTC. Let’s check out some of the big names here, specifically Coindesk, Forbes, and NewsBTC.

Sliding over to Coindesk here, we have the article in tech. Avalanche-based Wonderland makes seed investment in this decentralized app. The DAO wants to compete with venture capitalists by providing opportunities to its frog nation instead.

They go on to explain that the algorithmic money market, Wonderland, made their seed investment in the Polygon blockchain-based decentralized application. This platform, the team said in a post on Friday. Keep in mind, this article was released in January of 2022, so quite a while ago, but still very, very relevant in terms of how the project is doing and the people that are behind it.

According to the post, about 2 billion BSGG tokens were allocated for the 18.3 million worth of WMEMO, a freely traded token that represents the amount of time the native token of Wonderland, which is staked by users.

What Wonderland brings to the table is both funds and a dedicated community that interacts with crypto protocols. Wonderland is offering a unique perspective for early projects, the eyes and opinions of a vibrant, fast-growing crypto community, which is aligned to its treasury, and the success of these early-stage investments by holding the WMEMO token, the developer said in a post.

They go on to explain further the relationship between Wonderland and the frog nation.

Sliding over to Forbes here, a huge article published back in 2021 though, but still how blockchain technology is bringing the power back to the players. The platform is mentioned over here, as an example of a new blockchain protocol dubbed as the first truly decentralized playing exchange built on the Ethereum blockchain with Layer 2.

It claims to be the first true challenger to the world’s dominant playing exchanges where any customer or anywhere in the world can connect their MetaMask crypto wallet in seconds and start playing on any sport with the same odds as those offered by the major players.

It requires no name, email, mobile, or utility bill, with instantaneous crediting and debiting of transfers. The protocol is built as a decentralized autonomous organization which means it is not managed by any centralized management team that is directed by a board of directors.

It is operated on a pre-programmed and locked smart contract that runs the DAO in a fair and transparent manner where token holders and users who have the best understanding of their needs for their playing exchange will have the sole ability to decide the long-term future of the protocol by democratically voting through one token, one vote system on any and all matters that contribute to the enhancement of the protocol.

They’ve also been seen on Yahoo Finance, definitely something to be duly noted.

At the bottom of their homepage here they do have a frequently asked questions page.

They’re answering a lot of questions like what is this platform? What is a playing exchange? How does this platform run? What are the smart contracts? How do I create an account? Can anyone create a BetSwap account? On which blockchain is the project built on? Which is obviously, Polygon MATIC.

They also do one of the most favorite events of crypto enthusiasts, which is the Airdrops. Right now, BetSwap offers 1.7 million BSGG Airdrop and you can take part of this through betting at their platform or by sharing up your referral link.

This is definitely a platform to note. Right now, check this platform out as it is something you’re going to want to keep on your back burner for your team that you are rooting for today.

So make sure and play the way that you want to play with this platform. Always do your due diligence first. You want to make sure you have a decent understanding of the project and you’re comfortable with everything that they have to offer, their terms and conditions, as well as what you can win from it.

How to Bet on BetSwap?

Now, if you think you want to have some entertainment or you have a strong confidence about the team you want to bet on, then let’s proceed on the step-by-step betting procedure.

Sign Up

Of course, you have to create your account before betting, right? Click on the Sign Up button on the upper right corner and fill up your information.

Make a Deposit

Once you have signed up, you would notice that your balance is zero. So make a deposit by clicking on the Deposit.

A pop up window will appear, giving you options to deposit, withdraw, or buy crypto. Let’s click on Deposit and in my case, I would choose Crypto and Ethereum as my currency for depositing. A deposit address will appear and you have to copy that by clicking on the Copy symbol.

Send Crypto through MetaMask

Open your crypto wallet, in my case, I have my MetaMask to send Ethereum as my deposit.

Click the Send button and it will lead you to this interface.

You have to paste the copied deposit address and click on Next.

In my case, I will only send $5.32 worth of Ethereum. Yes, you can send a small amount to BetSwap without any problem. Proceed by clicking Next.

It will show the gas fee which is $1.60 and I am cool with that, so let’s click on Send.

Once the transaction is done, the amount will automatically reflect to your account, or if not, you may try to refresh the BetSwap page. Now, we have 0.0015 ETH deposited in our account. We can now start betting.

Go to your Preferred Betting Game

In my case, I am more confident with my knowledge in eSports, so I definitely would go to eSports. You may find a match that you want to bet on. The odds that you can see are the amounts that will multiply your betted amount if you will win. For instance, if you bet on Bangalore Crowns, your 1 ETH will become 1.32 ETH after winning. Of course, if you lose, you would lose all of the amount you betted.

You can also bet with the scores. In my case, I would select the OVER under Match Total Runs, which has an odd of 1.12. As you can observe, the screenshot here has different figures with my previous screenshot because the figures are updated real-time, considering other factors.

I will try to bet my beloved 0.0010 ETH here (wish me luck!). If you are okay with everything, click Accept changes and click Place bet.

Once you are done, it will show you that Ticket was accepted but your deposit has not yet changed. Well, do not think that the platform is having some bug and you are lucky, if you refresh the page, you will see that your funds got deducted by the amount you bet on.

For the result, it will depend on the match results so you would have to wait for it before getting the result. I recommend you to watch the game through a live stream or you can also just do some other things and let your team decide your fate.

Once the game is over, if you see that your balance did not move, then today’s not your lucky day, but if you see that your balance has moved up, then it’s definitely because your team did not let you down this time. Click on My Bets and see the result.

Well, I guess I am lucky this time or your prayers must have been granted!

And that is all about the BetSwap and how you can bet through it. Do leave your comments below if you want specific Polygon dApps you want us to tackle for next time.

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