Written by: Announcements

BET Accepted on Binance DEX

EOSBet / Binance

Dear EOSBet Community,

Today marks an exciting day for the project! We are happy to announce that we’ve acquired the necessary number of “Yes” votes to list BET on Binance DEX.

This has been a long time coming and we thank everyone for their patience. We believe that keeping the token locked through our first year of growth was the right call, as it allowed us to focus on building a solid foundation for the platform free from the distraction of token speculation. Unlike many crypto projects, we’re still around today and stronger than ever—thanks in large part to our strong community and user base.

Here is some additional information and what to expect next:

What is Binance Chain and Binance DEX?

Binance Chain is a blockchain platform built and run by Binance, the world’s largest cryptocurrency company. Last April, Binance moved all of its native BNB token off Ethereum (ERC20) and onto Binance Chain (BEP2).

In late March, Binance released their DEX to the public, a user-friendly, non-custodial trading platform capable of handling the same amount of transactions as Binance.com. We are bullish on Binance DEX and believe it will continue to amass new traders.

When will I be able to trade BET on Binance DEX?

BET is officially accepted once all 11 validators vote “Yes”, or at the end of the 1-week voting period if more than 6 validators vote “Yes”. Currently, we have 10 “Yes” votes.

After official acceptance, our team sends in a 1000 BNB “List” transaction and the BET/BNB pair is live. Expect this to happen early-to-mid next week, after we have finished testing our conversion swap. BET tokens will be unlocked at the same time.

How do I set up a wallet on Binance DEX and use their exchange?

Binance DEX has put together these handy guides for wallet creationaccessing your walletusing their trading interface, and taking advantage of their block explorer.

Wallets supported on Binance Chain include Trust Wallet, Ledger, Enjin, Magnum Wallet, CoolWallet, Coinomi Wallet, Atomic Wallet, ZelCore Wallet, Infinito Wallet, Math Wallet, Ellipal Wallet, Guarda Wallet and Exodus.

BET buyback and token burn! 🔥🔥🔥

We will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team profit will be used to purchase BET off the market, where it will subsequently be destroyed.

As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.

The buyback and burn will take the place of a trading competition. After analysing the past several trading competitions on Binance DEX, we’ve realised that most participants are bots, with the majority of tokens being sold shortly after being distributed. A buyback will have a stronger positive effect on the token price.

What else is coming up?

Over the past few months we’ve taken our foot off the gas a bit on marketing. For the rest of the year we’ll be dialing up our efforts and testing new strategies to attract and retain players. Look forward to more articles, YouTubers/streamers, banner ads, and a targeted focus on BTC/altcoin communities.

Hilo Image.png

Hilo is in its final stages of testing. We promise to get this out as soon as possible following our listing. Our game design team has also made great progress on two more games that we’re excited to share.

Thank you to everyone who commented and upvoted our listing proposal. For more updates about our listing make sure you check out our Telegram if you’re not there already.

Cheers,
Team EOSBet

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