Exploring GambleFi’s BetSwirl – BETS Coin and Platform Analysis

If you’ve been astir the crypto abstraction successful the erstwhile cycle, you've astir apt heard astir BetSwirl. After all, the task went unrecorded successful 2021 connected Polygon. However, the task is catching much attraction pursuing its modulation to Ethereum, which remains the astir fashionable network. Still, determination are galore of you who are proceeding astir the BetSwirl crypto task and the BETS coin for the archetypal time. Therefore, we’ll commencement today’s nonfiction by covering the precise basics of this project. This is wherever you’ll person a accidental to find retired what it's each about. We’ll look astatine the project’s team, socials, and roadmap. We’ll besides guarantee you recognize the quality betwixt BetSwirl v1 and BetSwirl v2.

Then, we’ll absorption connected the BETS crypto asset. Again, we volition commencement with the basics of the BetSwirl token and past advancement into the coin’s circumstantial aspects. This is wherever we’ll screen the BetSwirl v2 tokenomics, utility, and terms action.

Last but not least, we’ll explicate however you tin usage Moralis Money to find GambleFi projects and different absorbing altcoins with imaginable successful their earliest stage, answering the “Can crypto marque you rich?” question!

What is BetSwirl?

BetSwirl is simply a crypto task that aims to alteration the aboriginal of the GambleFi assemblage by implementing state-of-the-art blockchain technology. Just by taking a speedy glimpse astatine the project’s authoritative website (screenshot below), we tin instantly announcement that the task utilizes Chainlink’s randomness and automation.

Additionally, BetSwirl is simply a cross-chain, provably just gambling dapp (decentralized application). However, it is besides a cross-chain randomness supplier and gaming platform. Overall, successful the project’s whitepaper, BetSwirl presents itself arsenic an open-source task fostering innovation. So, its extremity is to make open-source tools and games that everyone tin integrate into their dapps.

The BetSwirl Ecosystem

Inside the project’s documentation, we find the ecosystem section. This is wherever BetSwirl lists games, sports betting, staking, analytics/API, and contracts, which are the products/services this GambleFi task offers.

When it comes to games, BetSwirl splits them into 2 main categories: players versus subordinate games and subordinate versus location games. Inside the archetypal category, the task presently lone offers its Russian roulette game. However, the 2nd class offers much games, including dice, coin toss, and roulette.

In bid to larn much astir the games and different components of the BetSwirl ecosystem, marque definite to sojourn the above-outlined documentation.

On the different hand, you tin acquisition these components successful enactment by accessing the BetSwirl dapp. You tin bash truthful via the “Open dApp” fastener successful the top-right country of the antecedently outlined project’s homepage. Once wrong the dapp, you get to prime the web you privation to absorption connected successful the apical menu. And, from the broadside menu, you get to take the circumstantial constituent of the ecosystem you privation to explore:

Of course, to usage the above-presented dapp, you’ll request to link your Web3 wallet (e.g., MetaMask). Plus, for the concatenation you determine to absorption on, you’ll request to person a autochthonal token (ETH, MATIC, AVAX, BNB, ARB) oregon immoderate BETS crypto asset.

Team, Socials, and Roadmap

Under the FAQs conception connected the project’s homepage, you tin find the “Who is the team?” question. The reply states that the BetSwirl squad consists of a talented radical of 8 crypto-native individuals. They assertion to person a wealthiness of acquisition successful merchandise design, graphic design, gaming design, and bundle development. Plus, the squad points retired that it is committed to delivering the eventual Web3 gaming experience. 

While the squad is not afloat doxxed, the “Team” conception of the project’s whitepaper offers names, roles, and descriptions of these halfway 8 squad members:

As for the project’s social, you tin entree its Link3, Discord, X, and Medium accounts/channels from the apical of the BetSwirl homepage:

The task besides offers an extended roadmap dating backmost to the 3rd 4th of 2021. The roadmap besides marks completed milestones with greenish checkmarks. You tin spot the details of BetSwirl's roadmap wrong the project’s docs oregon successful the representation below:

BetSwirl V1 vs. BetSwirl V2

BetSwirl v1 refers to the project’s archetypal plan, focusing connected the Polygon concatenation and different EVM-compatible chains. However, arsenic pointed retired previously, successful the summertime of 2023, the task transitioned to BetSwirl v2. The halfway vantage of this modulation is the project’s enlargement to the Ethereum network.

As explained successful the project’s X station from July 29, 2023, BetSwirl v2 tin accommodate bigger trades with little slippage. This was achieved by the $1 cardinal worthy of liquidity successful the 80/20 Balancer pool:

What is the BetSwirl (BETS) Token?

The BetSwirl token is the project’s autochthonal cryptocurrency. The BETS coin went unrecorded successful 2021 connected Polygon and gradually expanded to BNB Smart Chain, Avalanche, and Arbitrum. However, with the merchandise of BetSwirl v2, the BETS crypto plus besides lives connected the starring programmable blockchain: Ethereum.

So, the BETS coin is simply a cross-chain cryptocurrency. It is an EVM-compatible token, meaning it follows fungible token standards connected supported EVM-compatible chains. For instance, connected Ethereum it follows the ERC-20 token standard. 

Full BETS Crypto Analysis

In bid for you to determine whether oregon not the BetSwirl token deserves your attention, you ought to get acquainted with the ins and outs of this crypto. Using the Moralis Money $BETS crypto token page, you’ll beryllium capable to probe the BETS coin much in-depth yourself. 

However, it lone seems just we screen immoderate of the aspects successful this article. As such, you tin usage the pursuing sections to larn much astir the BETS crypto’s tokenomics, usage cases, and terms action.

BETS Coin’s Tokenomics

• Token name: BetSwirl v2
• Symbol/ticker: BETS oregon $BETS
• Token type: Fungible EVM-compatible token
• Networks: Ethereum, Polygon, BNB Smart Chain, Avalanche, Arbitrum
• Token astute declaration address: 0x94025780a1ab58868d9b2dbbb775f44b32e8e6e5 (the aforesaid code connected each supported chains)
• Maximum supply: 7,777,777,777 $BETS
• Token archetypal allocation:
  • 7% treasury
  • 8% team
  • 5% protocol development
  • 20% game’s slope liquidity
  • 21.69% liquidity
  • 10% marketing
  • 5% advisors
  • 7.26% strategical sale
  • 8.03% backstage sale
  • 3.95% IDO
  • 4.07% burned  

BetSwirl Token’s Use Cases

The BETS coin is the BetSwirl ecosystem’s inferior token. Furthermore, these are the things users tin bash with the BetSwirl (BETS) token according to the project’s whitepaper:

• Play BetSwirl games
• Stake BETS to gain profits
• Buy exclusive NFTs
• HODL
• Send it to friends, family, and users crossed aggregate chains

The whitepaper besides explains that BetSwirl uses BETS arsenic a reward for those who involvement the asset, for adding liquidity to the slope for a higher payout, to screen selling expenses and protocol developments, and to adhd liquidity to the BetSwirl token pairs connected DEXs.

$BETS Price Action

CoinMarketCap offers a terms illustration that includes the terms enactment of some versions of the BETS crypto asset. So, the supra play illustration intelligibly shows that the BetSwirl token terms has covered rather a range. For instance, the wick of the archetypal candle (from May 2022) reached arsenic precocious arsenic $0.0003654; however, it closed astatine $0.00009739.

Then, the BETS crypto token worked its mode astir the $0.00012-ish-$0.000035-ish scope passim 2022.  

You astir apt retrieve that the crypto marketplace arsenic a full started to determination upwards successful January 2023. As such, the BETS coin’s terms besides started to summation astatine that time. In fact, the token had rather a rally. It went from its debased astatine $0.00003472 successful aboriginal January 2023 each the mode to $0.001151 successful mid-March 2023. So, that was a astir 33x terms increase. 

There was a larger pullback from $0.0009579 down to $0.0003797 on the mode to the aforementioned top. And erstwhile the terms reached $0.00151, it pulled backmost down again to the enactment astatine the $0.0004-ish region. 

A mates of play closed candles stayed beneath $0.00074 for much than a month. Then, pursuing a revisit of the $0.0004-ish portion astatine the opening of July 2023, the BETS coin rallied again. This time, the plus acceptable its existent ATH (all-time high) astatine $0.001327. However, the play adjacent came successful astatine $0.0009-ish.

A crisp dump and a accelerated betterment pursuing the token’s ATH is not a due reflection of $BETS’s value. Instead, it is the effect of the token’s migration to the caller astute declaration - the commencement of BetSwirl v2. 

Post-Migration Price BETS Coin Chart

The supra twelve-hour illustration indicates the BETS crypto’s terms enactment aft the asset’s migration. It intelligibly shows that the token’s worth decreased since migration until September 3, 2023. On that day, the token recovered enactment connected apical of the antecedently important $0.0004-ish level.

Only clip volition archer if the bottommost is successful oregon if $BETS volition spell lower. Of course, this volition greatly beryllium connected the terms enactment of the remainder of the crypto market.

So, if the crypto marketplace arsenic a full goes immoderate lower, it volition instrumentality BETS down with it. In that case, $BETS volition astir apt revisit the erstwhile level of value astatine $0.00012-ish. And if the pullback would beryllium severe, lows astatine $0.000035-ish are not retired of the picture.

On the different hand, if Bitcoin and the remainder of the crypto marketplace commencement to ascent higher, the BETS crypto token volition apt scope its ATH levels.

Research BETS with Moralis Money

If you are funny successful the BETS crypto token, marque definite to probe it further. The champion spot to bash this is the antecedently mentioned Moralis Money’s token leafage for BETS. As such, travel the supra “$BETS” nexus oregon usage the interactive widget below:

How to Find GambleFi Projects Like BetSwirl

Thanks to its enlargement to Ethereum, BetSwirl became 1 of the superior contenders for apical spots among GambleFi projects for the upcoming bull market. However, truthful far, Rollbit Coin has been the victor of 2023 erstwhile we speech astir terms action. After all, pursuing Rollbit’s migration from Solana to Ethereum, the RLB coin experienced rather a run.

But Rollbit wasn’t the lone GambleFi task offering profits successful 2023. And radical with the close tools were capable to spot these types of tokens earlier they pumped.

Fortunately, you tin articulation these traders successful the cognize contiguous by starting to usage Moralis Money’s halfway feature: Token Explorer. This almighty on-chain hunt instrumentality is designed to assistance you find the champion altcoin opportunities astatine immoderate time. So, not lone tin it assistance you spot projects successful the GambleFi sector, but this go-to instrumentality for uncovering altcoins with imaginable covers each token categories (meme coins, GameFi, DeFi, etc.). Plus, it allows you to bash truthful crossed each the starring EVM chains (Ethereum, Polygon, BNB Chain, Fantom, etc.). 

You tin commencement moving your on-chain strategies for escaped by accessing Token Explorer. However, to entree little timeframes and guarantee you find tokens earlier they pump, you’ll privation to upgrade to the Starter oregon Pro plan. 

Token Explorer is precise intuitive, truthful you tin easy larn to marque the astir of it by simply utilizing it. The animation beneath should assistance you get going. However, if you’d similar much elaborate guidance, we urge you cheque retired our usher connected however to find the adjacent coin to stroke up.     

Exploring GambleFi's BetSwirl - BETS Coin and Platform Analysis - Key Takeaways

• BetSwirl is simply a GableFi crypto task that went unrecorded backmost successful 2021. It primitively launched connected Polygon but soon expanded to different fashionable EVM chains. However, it wasn’t until July 2023 that the task migrated to Ethereum.
• BetSwirl utilizes the powerfulness of Chainlink to guarantee verifiable randomness.
• The task follows the open-source policy, allowing different projects to usage their codification and games.
• BETS’ marketplace headdress is inactive alternatively low, truthful there’s a batch of imaginable country for growth.
• Past $BETS show has been greatly babelike connected the remainder of the crypto market. 
• To find if/when to bargain $BETS, usage Moralis Money’s token leafage for the BETS crypto token.
• Start uncovering different GambleFi tokens and altcoin opportunities with Token Explorer.

If you bask online gambling, the BetSwirl dapp deserves your attention. The BETS coin besides has a coagulated imaginable for terms appreciation. 

However, you shouldn’t exclusively absorption connected this altcoin. After all, the mean alt tends to summation successful worth by much than 50-70x during a bull market. As such, you should summation your chances of occurrence by exploring different altcoin opportunities. And you should larn however to bash that decently sooner alternatively than later. That way, you’ll beryllium acceptable to marque the astir retired of the upcoming bull run!