Introduction to De365
De365 innovatively realizes betting between users through smart contracts
Last updated
De365 innovatively realizes betting between users through smart contracts
Last updated
In De365, the pool of funds for betting against users is open, and each user can add funds to the pool of funds, and these funds will be used as a deposit for betting against users. If the betting user wins, the fund pool bears the risk, and if the betting user loses, the fund pool gains profits.
De365 uses blockchain technology to settle user bets through smart contracts. The fund pool amount is stored in the smart contract, and each user can check it at any time. When the game is over, the smart contract will automatically settle the user's bet according to the result of the game. The entire process is completed on the chain, fair and transparent.
De365 uses a decentralized wallet to manage users' funds. Users do not need to recharge funds into the platform, nor do they need to submit any personal information of themselves. All the funds of the user are in the user's own wallet, and the user has absolute control over the wallet. The smart contract will automatically release funds to the user's wallet every time the bet is over.
De365 uses Polygon's Layer 2 technology to solve the problem of slow transactions on the Ethereum network and high fees. In order to facilitate user operations, users do not need to switch the wallet network, and the user's tokens are still in the wallet, directly on the Ethereum network to complete the smart contract betting of the Polygon network. Realize users' fast, safe, 0gas betting. Realize users' fast, safe, 0gas betting.
De365's fund pool is used as the betting funds for betting users, and there may be profit and loss. De365 uses the fund pool voucher to solve the problem of each user's fund settlement when the fund pool fluctuates. Users will get LP certificates when they deposit in the fund pool, and the value of the certificates will fluctuate with the profit and loss of the fund pool. When the user retrieves funds through the LP certificate, it will be retrieved according to the latest value of the certificate, and the certificate can be traded and mortgaged, which is convenient Follow-up product expansion.
De365 and Shaba sport joint together to invent the sportsbook odd oracle. Shaba sport trader team having more than 700 members in Asia, and also known as the stronger and stable organisation in the market. Shaba sport analyse more than 29 type of the sport market, enable more than thousand of match daily and provide millions of odd information to the Blockchain Oracle.
De365 smart contract receive the odd from the Blockchain Oracle, and sign the odd provide from Shaba sport, so that user can place bet using the signed odd.
