BETR Introduces ETH Betting

It has been officially announced that BETR now accepts ETHERUM betting. On this occasion, BETR founder, Adrian Brink, commented:

“Today we introduce native ETH betting – a bettor can now bet in either BETR or ETH. If you bet in ETH you will be paid winnings in ETH. Simple. And it works. Seamlessly.”

How It Works

The process is as simple as possible. Just choose the currency you want and continue betting. Thanks to the multicurrency system, your bets are stored in one of the available currencies and combined on the bet history. The vital innovation is underlying escrow which is consistently in BETR.

As soon as a currency is selected, the bet is evidenced with a fixed exchange rate used for winnings calculation. In the next step, the bet is featured on the peer-to-peer layer at BETR amount.

Effects

This remarkable innovation will have a tokenomic effect on the token. As a result, the losses in other currencies will require further BETR being utilized in the system. It will consequently be procured from treasury reserves or by purchasing on exchanges. It will end in enhanced liquidity within its system.

Further Reactions:

Commenting on the latest innovation, Adrian Brink said:

“Looking to the future brings an exciting addition to our platform. We are working on adding cross-chain crypto currencies such as EOS and LTC to the client and hope to have more news on these soon. We are also, as a part of this change, moving to a technical architecture where we will be able to operate across multiple core systems, be it Etherum, EOS or any other performant crypto currency.”

BETR Foundation

The foundation was established in 2017 to introduce the distinct cryptocurrency, for online betting purposes. The company was developed by Brink and David Vanrenen as a non-profit organisation. Up to date, it supports innovative software solutions for peer-to-peer betting purposes.

The token represents valuable cryptocurrency which provides financial safety and peer-to-peer betting. It was created to decentralize sports betting industry, and all transactions of this kind are safe, swift and highly secure.

Source:

“BETR bets on ETH”, George Miller, europeangaming.eu, February 22, 2019.