Everything You Need to Know About the DESU Token

Dexsport is a 2021 crypto-gambling site that calls itself the Internet’s trailblazing Web3 cryptocurrency betting hub. We are not too sure about that, but we are sure that this site promises not to impose any Know Your Customer procedures and that you can quickly enjoy gaming and sports wagering fun on this platform just by connecting your Web3 wallet. That aspect of this site, its promos and VIP cashback are among its main attributes.

Another backbone of Dexsport is this brand’s native token. The vision of the team behind this website revolves around the creation of a community-driven platform that prioritizes transparency, speed, and accessibility. It tries to let everyone who uses Dexsport get involved in its development, and that chiefly happens through the DESU token, which we will explain along with its many functions below, noting just what type of value it brings to bettors and investors.

What Is DESU?

If you are a veteran crypto gambler, you know that a sizeable number of the top dogs in this online gambling section have created their digital assets in hopes of growing an eco-system that will tie gamblers in with a website for the long haul.

DESU has a limited supply of one billion tokens. These assets can get utilized for different site activities. The most popular ones are sports wagering, prediction markets, and peer-to-peer gambling. This asset incentivizes engagement through rewards, staking options, and a governance model similar to what other notable crypto sector players have in place.

The Dexsport liquidity pool refers to this brand’s community-controlled fund that ensures that winnings get paid out instantly, making the experience here as efficient and user-friendly as possible. Site users that hold DESU tokens also get privy to additional privileges that boost the perk opportunities given here through access to exclusive events/giveaways, lotteries, and a Wheel of Fortune-type game for cashback rewards.

The Pros of Holding DESU

Connecting to the point, aside from the mentioned benefits, DESU holders can use their position within the community to participate in its governance, meaning they have voting rights to determine the development of this platform. What does this mean exactly? It means they can propose things like the addition of novel betting markets, the expansion of event options, and more. They can also ask for the implementation or modification of the community rules at Dexsports, which affect how things work here on all ends. Hence, holding DESU can go a long way in directly impacting the evolution of Dexsport, which has created a referral program that rewards users with free DESU tokens whenever they invite others to create an account with this website.

Dexsport expands but also offers DESU holders a steady way to grow their holdings. Given the limited supply of DESU tokens, acquiring tokens in any way feasible is very beneficial for all who use this platform. Another significant aspect of DESU is its role in the upcoming staking system. Going by what has gotten written on the DESU page on Dexsport, it should be on the table soon even though we did not see it mentioned in the project roadmap section. But we can tell you that it gets planned to earn DESU holders passive income. To get in on that revenue stream, users do not even have to bet on this website. Thus, what staking requires is more of a commitment to the long-term vision this brand’s management has for this platform, as stakers provide liquidity, reducing the circulating supply of this token, creating scarcity, and, in turn, add value. We will see how things pan out on this front.

Token History, Allocation, and How to Buy

There were several Initial DEX Offerings in late 2021, with prices ranging from $0.02 to $0.0225. These raised considerable funds, reflecting the assessed potential of Dexsport. The total supply of tokens got allocated across various categories, with liquidity accounting for 22.5%, community/marketing efforts receiving 35% of the supply. 13.9% went to staking and trading rewards, and advisor allocation.

Getting started with DESU can occur via decentralized and centralized exchanges. PancakeSwap and Kanga get highlighted as the two main platforms where DESU can get purchased, each offering distinct advantages. Naturally, that is based on user preference. For newbies – PancakeSwap charges buyers a small gas fee, which users need to cover in BNB, and Kanga Exchange asks for USDT, and  especially friendly for those new to crypto.

DESU in Sports, P2P Betting, P2E Games, and Prediction Markets

Another cool thing about DESU is that it lets holders participate in various betting options on Dexsport. These include wagering on traditional sports and eSports and participating in different games, competitions, and multiple events directly. Peer-to-peer betting (P2P) is another aspect of this site that many of this project’s hardcore believers seem to enjoy, and it entails predicting future prices of cryptocurrencies. Thus, this is akin to crypto trading within a betting framework. Users pick a coin, set a timeframe, and guess if its price will rise or fall. Prediction markets are also available in a yes-or-no format for all kinds of things, like the outcomes of highly publicized political elections or a company’s performance. The odds here are based on collective input rather than predetermined by a centralized authority.

What about Play-to-Earn betting? This is something for quality gamers, people who are quite confident in being able to monetize their blockchain game skills. It is a model that provides such persons a chance to earn based on in-game achievements or P2P matchups. P2E betting allows DESU wagering and taps into the expanding blockchain-based gaming market.

The Dexsport NFT Marketplace

The last element of this gambling website we want to tell you about is its NFT marketplace, which enables users to purchase sports event cards in the form of NFTs. These assets are unique and stored in users’ wallets, providing a new way to collect, trade, or display sports event moments that are super memorable. Hence, they are digital collectibles that give a bit more flare to the Dexsport experience, making it feel more diverse and immersive. They are an added dimension and are in line with the promoted decentralized nature. If you are a collector, then we are sure that you will find this interesting..

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