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Nov 16, 2019 at 10:43 // News

DAOBet token swap

With the mainnet of the DAOBet blockchain now about to go live, the gaming solutions provider has now announced a Token Swap event, for all BET token holders to migrate over to the native DAOBet platform, away from the original Ethereum blockchain.

Token Swap Using DAOWallet

Moving BET tokens from Ethereum to the native DAOBet platform offers the opportunity to benefit from the best that
blockchain gaming has to offer. Soon, BET tokens can be used on the mainnet to
host, bet or create your own game.

Follow these steps to convert your ERC20 BET tokens to native BET tokens on the DAOBet platform:

  1. Create a DAOWallet
    here. Login if you already have one.

  2. First-time users should enter an email, use the validation password sent to the email, and create a personal CODE (instead of password) plus recovery phrase.

  3. Once logged in, click the BET (ERC-20) button.

  4. Click the Receive button to get a receiving address and QR code. Send the ERC20 tokens to this address.

  5. After receiving confirmation of the send, click the Convert button to begin the conversion. Make sure you have enough ETH to pay for the gas cost of this transaction.

  6. You will be asked to enter the amount of ERC-20 tokens you wish to convert. Select the required amount and press the Convert confirmation button below. A pop-up will inform if your conversion was successful.

The gaming-specific blockchain developed by DAOBet — formerly EarnBet — is the way blockchain gaming should look like: fast, efficient and with the flexibility to let all players play as they want with as little friction as possible. And beyond users, developers, affiliates and operators should all feel welcome on the platform, to try out new ideas, with the best possible crypto implementation.

DAOBet Is Now Ready for Native BET Tokens

Transparency and security, the two most prized aspects of blockchain gaming, are made possible on the DAOBet platform, thanks to tailor-made specifications that directly address all these characteristics considered crucial to the entire gaming industry:

  • Transact with Speed. DAOBet can process 3,000 transactions every second with only a 1-second latency.

  • Scale as you Grow: Using sequential block confirmation, DAOBet achieves deterministic block finality ensuring new users don’t cause congestion.

  • Get peace of mind: DAOBet will never have fewer than 100 validators, ensuring the network is always protected against hackers and malicious actors. Because controlling a lot of nodes is difficult, data is almost impervious to tampering.

  • Enjoy Provably Fair Games: Using Signidice RNG Verification, certified by
    Gaming Laboratories International, DAOBet benefits from provably fair methods acknowledged by a gaming authority with international recognition.

  • Customize as You Wish: Customize your games to play with others, with the DAOBet ecosystem, and manage new resources on the DAOWallet.

The DAOWAllet

Imagine receiving winning payouts as soon as your bets settle. That’s now possible with DAOWallet, ensuring you enjoy and get your rewards immediately.

Prefer other crypto? Now you can trade BTC, ETH, BET, and ERC-20 compatible assets directly with each other, or choose to add other tokens, all thanks to DAOWallet. Funds can be transferred easily now in and out of the DAOBet ecosystem. More advanced users who want to be part of the community voting process can also stake tokens in DAOWallet.

Install your new DAOWallet today.

To learn more about DAOBet, visit the
website or check out its code on
Github. Prefer talking to someone? Chat with the team on
Twitter or

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article. By Bitcoin PR Buzz , 2019-11-16 10:43:00 ,

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NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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