VeChain is one of the slew of asian crypto projects that have amassed a serious support on the West. The project is lead by a competent team that undertook a rebranding and modification of the coin supply, two important and not easy to pull off changes, and passed them both with high marks.
The project initially aimed to be a blockchain focused on supply management but with the rebranding, they didn’t just change the ticker and coin supply, but also pivoted the main idea of the project – they are now basically a dApp platform, a competitor of Ethereum, Eos, NEO etc.
Their fervent and very supportive community longed to see the first dApp on their VeChain platform and the wait seems to be finally over as the ice-breaker dApp on Vechain is going to be launched on October 31st and it is going to be Decent.BET – a gambling and betting app.
Dbet was initially planned its launch on Ethereum platform but then made the switch to VeChain out of scalability and transcation speed reasons. DECENT.bet is an open-source peer-to-peer blockchain gaming platform where anyone with an idea can build a game, a predictive market, or a casino room and share in the revenue. The innovative part of the Dbet platform is that you are able to be, not only the player like in traditional casinos, but also the house – a host of the gambling event.
As the official DBET announcement states, with a pending mainnet launch, DBET will be working very closely with the VeChain team:
“For one, there needs to be more testing, more audits, and more in-depth discussion with VeChain’s engineers. With all of the benefits that blockchain technology comes with, it also offers less flexibility for error. We have to take the time to get it right, to safeguard our investors, community and our own product and brand from any potential side effects that may occur.”
The mainnet will be in a closed beta initially and since they are breaking new ground with their migration to VeChain blockchain, they will move cautiously and slowly.
Starting on the 31st of October, real DBETs will be able to be bet, lost and won, and all of the resultant data will be as transparent and independently verifiable as the blockchain allows. We will publish constant data around all of the above, including a timeline for when we will open up the closed beta to the entire community. Please look for that announcement this coming week.
What exchanges will support the token swap?
One unfortunate moment for the DecentBET was their delisting from the Cryptopia exchange due to the New Zealand regulations. However, the team worked hard for find replacements to keep the coin liquidity alive and one of the exchanges that expressed their support of the new VIP-180 DBET token was LATOKEN. DBET wallets will open for deposit very soon after the mainnet release.
DBet has also secured a brand new listing for the token, HaloDEX where trading will begin this week.
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