• Betswap.gg has officially launched its testnet betting exchange.
• It uses technology from Fantom, blockchains and.
• Betswap.gg is a platform that offers governance and staking.

Betswap.gg, a decentralized peer to peer betting network, has announced that its testnet launched of its betting platform. A community invite program was also established to allow members of the public to test the technology as well as participate in the development phase.

Version 1.0 of the Test version will have limited functionality at first. The test version 1.0 will initially have limited capabilities. However, the platform will include three important sports: cricket, football and basketball. CoinQuora also revealed that the platform would release other sports, such as eSports, NFL and tennis every week. The platform will also include more features, such as multi-betting and order book. To ensure smooth rollout, the network created this initiative.

Technology-wise, the network will make the platform code available open-source to allow b2b connectivity with many providers after the mainnet release. According to the network, the mainnet version will be released once it has been fine-tuned.

Betswap.gg allows all players to enjoy seamless sports betting. To be specific, the platform’s blockchain enables its users to have a transparent exposure in playing esports with reduced fees.

On the other hand, unlike traditional sports betting where bets are placed against the house, at Betswap, it’s a peer-to-peer system, where users bet against each other, and the exchange acts as an intermediary marketplace for their bets. The exchange also offers a variety of functions, such as governance and staking.

This platform utilizes the blockchain technology of Fantom, Ethereum, and Avalanche. The platform also allows multi-chain integration and truly decentralized governance via a decentralized autonomous organisation (DAO).

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