Mainnet for blockchain-powered casino ecosystem DAOBet now live

Mainnet for casino ecosystem blockchain DAOBet is now live

DAOGroup, a company building a blockchain-powered online casino gambling ecosystem, recently announced that its long-awaited DAOBet mainnet has officially been launched by validators.

The DAOBet (ex DAO.Casino) mainnet was launched by 21 leading block producers on Nov. 27, 2019, with eight more validators on standby. The development will further realize the full scope of DAOGroup’s decentralized iGaming products.​

DAOBet Mainnet: Launched by Validators

Built by DAOBet and launched by validators, optimizing the EOS blockchain codebase, the DAOBet mainnet showcases an optimized blockchain with fast finality and the capacity to process 3,000/TPS.

The mainnet features advanced governance with 1-second finality and top-rated provably fair random number generation algorithm (Signidice PRNG verification) – certified by GLI. The design of the DAOBet mainnet will enable game developers to utilize the flexible and robust creation opportunities and environments provided by the blockchain.

In view of the mainnet launch, DAOGroup previously announced the preparatory phase for the migration of its native utility token BET from the Ethereum blockchain to the mainnet, which will further maximize the token’s utility within its native environment. A token swap process through DAOWallet was initiated for holders of the BET token, which has now concluded due to the launch of the mainnet.

The BET Token

The native token BET will provide utility for the DAOGroup ecosystem. To obtain  BET tokens, users can head over to the simple-to-use DAOWallet and directly transact from inside the wallet in just a few steps. Alternatively, users can buy BET tokens from the HitBTC cryptocurrency exchange. The BET token will also allow its validators to stake on the DAOBet blockchain and be rewarded for doing so.

DAOGroup: Gaming Ecosystem

The DAOGroup ecosystem consists of DAOPlatformDAOWallet, and DAOGames. Each of them is catered to carrying out  specific tasks, broken down below: