LiveDuel Leverages Avalanche Subnet

Published on: 17.05.2024
LiveDuel Leverages Avalanche Subnet

LiveDuel Leverages Avalanche Subnet, to create a decentralized sports betting exchange built for the future.

LiveDuel is leveraging Avalanche to boost this fast-growing sector entertainment. Centralized systems include expensive fees, slow markets, and lack of transparency. LiveDuel Leverages Avalanche Subnet.

LiveDuel just got recognized as the BEST startup at the ICE Sports Betting Conference in February! It’s the largest sports betting conference in the world.

How can LiveDuel use Avalanche to improve sports betting? By allowing the dApp to creatively implement blockchain features, enhancing sports betting  in key ways:

  • Enhanced Transparency: Immutable transaction records provide a clear audit trail, eliminating concerns about manipulation and fraud.
  • Global Accessibility: Permissionless blockchains open doors to a global audience, unrestricted by geographical limitations.
  • Greater Efficiency: Smart contracts automate processes, reducing costs and streamlining operations.
  • Innovative Markets: Decentralization unlocks the potential for a wider variety of betting options, catering to diverse preferences.

Features Unlocked by Avalanche

Avalanche allows LiveDuel to build uniquely towards its vision. The network’s high throughput, scalability, and reliability lay a robust foundation for developing a user-friendly sports betting experience. Here’s how LiveDuel leverages Avalanche’s features:

  • Subnet Power: LiveDuel’s own custom Subnet will be tailored to the specific needs of sports betting, optimizing speed, security, and regulatory compliance.
  • Fast Settlement: Avalanche’s near-instant transaction finality ensures quick and secure settlement of bets, eliminating waiting periods and frustrations.
  • Customizable Markets: LiveDuel can create an expansive range of betting markets, from traditional wagers to more niche propositions, leveraging the flexibility of Avalanche’s smart contracts.
  • Community Governance: LiveDuel’s tokenized structure empowers its community through on-chain governance, allowing users to help shape the platform’s future.

LiveDuel enhances user experience by integrating Web3 properties, introducing automated Market Makers and liquidity pools, thereby introducing Decentralized Finance to sports betting.

This approach offers several advantages:

  • Effortless Betting: The AMM integration simplifies the betting process for users, eliminating the need to find a counterparty for their wagers.
  • Enhanced Liquidity: Liquidity pools ensure users can almost always place bets, even on less popular markets.
  • Rewarding Participation: Stakers who contribute liquidity to the pools earn rewards, creating a win-win scenario for both bettors and the platform.

The Future of Sports Betting is Live

LiveDuel harnesses the power of Avalanche, aiming to offer a decentralized, transparent, and user-centric platform for the Avalanche community and beyond.

About LiveDuel

Decentralized sports betting built on blockchain to provide a fairer and more transparent experience than traditional sports betting sites.

Website |  Twitter

About Avalanche

Website |  Twitter

SOURCE: https://www.avax.network/blog/liveduel-brings-web3-sports-betting-to-avalanche

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