Fintech PR

Betswamp: The Future of Decentralized Betting

Published

3 years ago

November 10, 2021

Reading Time: 5 minutes

Cape Coral, Florida–(Newsfile Corp. – November 9, 2021) – The Betswamp team is developing an iGaming, peer-to-peer betting platform where Betswamp holders can earn validation points through staking on the platform, the benefits of becoming a validator include the opportunity to earn passively through setting events and markets for betting on the platform. A validator can set any market for betting as long as the result can be verified. This can include sports, political events, reality tv shows, gaming, and many other possibilities. The validator will earn more validation points to enhance the users’ reputation on the platform, they will also earn rewards from the pools of the markets they set. Betswamp can become a real catalyst in the leap for mass adoption through the gambling industry.

Figure 1: Betswamp: The future of decentralized betting

The gambling industry has seen an increase in volume in recent years, accumulating over $460 billion per annum, it is no wonder the Betswamp team is looking to capitalize on the true potential of their fully decentralized platform. When people who enjoy gambling know about the benefits of the Betswamp platform they will come swarming into crypto. The benefits of Betswamp are clear to see, the peer-to-peer betting system eradicates any ‘house manipulation’, allows for holders to earn even if they do not want to bet by setting markets. The advantages Betswamp has through their decentralization is beyond what we are used to seeing from the regular gambling companies. Betswamp can offer lesser vig percentages, fair stakes, instant withdrawals, no KYC, no limits on betting, and potential utility for the NFT’s which will be integrated on the platform soon. The sky is the limit for Betswamp and what better industry to dive into than gambling and gaming.

An innovative, fully decentralized peer to peer betting platform:

The Betswamp platform is unlike any betting system the world has ever seen, the fully decentralized platform where you can stake bets with set markets hand-selected by the validators for people to bet on, once the market is set and can be verified the winners will be paid out. The instant withdrawals are very appealing while also the 2% vig when compared to the 10% vig, which is the standard for betting platforms, betting enthusiasts will immediately see the advantages of the Betswamp platform. Not only will it benefit the betters but the main goal of the Betswamp team is to benefit all holders and appeal to even the masses who don’t want to gamble, but would rather earn passively through setting events for the community to bet on.

The no KYC is also very appealing to most users who may be restricted in their region, Betswamp aspires to provide the freedom of betting through their platform, no limits, max withdrawals, a gambler’s paradise. The Betswamp team has considered all variables with regards to the validator process which will ultimately determine the direction of the platform. The holders may only become validators through long-term staking of the $Bets token on the platform. If a validator sets a market for an event that is fixed or misled then the validator will be penalized validation points and will be deducted their rewards, although you can not stop it this will deter it from the source immediately. The Betswamp team values fairness for everybody, which is a significant flaw in the centralized gambling industry. When you look at the leading betting tokens on the crypto market, they are dwarf in comparison to the overall potential of the industry, they have barely scratched the surface by following the centralized approach whereas the Betswamp team intends to break the wheel. For now, the stakes for betting will be in BUSD as it is a stable currency, people can be assured the volatility of crypto does not affect their bet. The $Bets token will be integrated for betting at a later date. For now, it is all about the successful growth of the token and platform.

Very soon the Betswamp project will have its first utility in the form of an MVP of the platform which is a stripped-down version of the fully functional platform which will be developed within the next month. The MVP should be live within the next 48 to 72 hours so the community and investors as expected are very excited, the team is enthusiastic and the journey is just beginning.

A successful presale and launch.

The $Bets token launched on Pancake swap on the 8th of November and recorded an ATH of $5.8 mil, with a holder count of over 600 investors and the marketing push is yet to begin, the only way is up for Betswamp. They hired a marketing team, Crypto Kid Finance, one of the top marketing agencies specializing in pioneering-traditional marketing, the team fully intends to utilize all resources to send Betswamp to a much higher market cap, this team is well versed and has the experience to maintain the exponential growth of Betswamp. They have outlined plans for the traditional marketing strategies that investors have become accustomed to in the BSC space.

The marketing plan is in place and the wheels are in motion as of launch. Aside from these very effective marketing methods the team has outlined the bigger picture to target and conquer the gambling industry. The team plans to list Betswamp as the most prolific advertising outlet for betting in the world, the team have already networked to some agencies about partnering with Betswamp as a third party betting outlet, the Betswamp platform is offering better rates than any other betting platform on the market and eventually, the industry will start to take notice.

The Betswamp team is very confident they can help to fix the flaws with this industry in a very unique way, through the perfect combination of decentralization and innovation in crypto. The other betting tokens on the market have not maximized the potential of the industry because they offer competition, where Betswamp will blow the industry-wide open with their system. The TG is active, the market cap is steady, minimal marketing carried out and a utility imminent the Betswamp team are looking to be the standard for betting tokens in crypto and further down the line become a household name in the gambling industry.

The true potential of Betswamp:

Betswamp could become the standard for betting tokens in crypto, when you compare the project concept and team to others in the space, investors will realize the true potential of Betswamp, with multiple distinctive advantages over the leading gambling platforms on the market, the Betswamp team fully intend to capitalize on the projects innovative system to provide the most user-friendly experience imaginable for the Betswamp platform. This team has been working tirelessly to deliver the utility of the project, the utility itself is the reason why Betswamp can sustain exponential growth over a long period and as previously mentioned other betting tokens, no matter the blockchain have barely scratched the surface of the clear potential of this industry.

Gaming tokens have become the most sought after projects in crypto because of the volume in the industry, not only does the gaming aspects of Betswamp appeal to that market but with regards to the benefit of the betting platform and its appeal to the betters, this particular project will likely gain more traction than any other gambling-related token in crypto. The fully decentralized nature of the platform will catch the attention of the bigger investors who will see the true potential. Betswamp is looking to break the mold in terms of gambling, for everybody. Betswamp team has the intentions, aspirations, and drive to become the premium brand for betting in crypto.

It’s time for mass adoption in crypto and Betswamp can help welcome the next wave of investors into the space. The investors are very excited to see the MVP of the platform and it should be close to completion, trusted validators are on board and the correct markets will be set from the offset. Betswamp can fix the flaws of the gambling industry and equal the playing field for the people who place the bets. The community is the house, they set the markets, they place the best and more importantly they win big and you can bet on that!

Web: https://www.betswamp.com
Telegram: https://t.me/betswamp_official
Twitter: https://twitter.com/betswamp

Media Contact:
Dave Ruiz
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102770

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

2 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html

Fintech PR

China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

3 hours ago

November 23, 2024

CISION (PR Newswire)

china-telecom-gulf-officially-launches-in-saudi-arabia-for-business

HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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View original content:https://www.prnewswire.co.uk/news-releases/china-telecom-gulf-officially-launches-in-saudi-arabia-for-business-302314765.html

Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

18 hours ago

November 23, 2024

CISION (PR Newswire)

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SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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