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Duel arrives in TronBet, here’s all you need to know

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TronBet is turning the decentralized application world upside down. It’s become the world’s most important app by trading volume (from 6 to 24 Million USD daily according to dappradar.com), and it’s changing the way in which games and bets are done online around the world.

OK, let’s start at the beginning. TronBet is a decentralized app running on Tron’s network. It’s a betting app that includes three games: dice, moon, and ring. Many features put TronBet in a different league than any other traditional or decentralized betting platform.

For a start, it offers mathematically fair odds to every player. This is anathema in most gaming platforms. Traditionally, the house always has an edge. That’s how it makes a buck by allowing you to play without commissions. The platform’s games are as simple as they are entertaining and they’ve been gaining a loyal userbase very quickly.

So how can TronBet be profitable if it pays fair odds? Well, every prize won pays a 5% “tax,” that’s how it can manage to stay in business and earn some tokens. The good news is that the TronBet team is willing to share the profits with you. That’s why the project includes a Tron-based token called Ante.

Every 1000 TRX you bet at TronBet will get you an Ante token. And holding that coin is going to earn you the right to participate in TronBet’s profits. The more Ante you hold, the bigger your share in the site’s profits. This is an online casino that plays fair and is also willing to reward you for playing via a custom token and profit sharing. This is nothing short of revolutionary in the gaming world, be it traditional or blockchain-based.

And now the platform has increased its product offer by releasing a new game called “Duel.” The new game is an extension of sorts to the previously existing “Ring” (which was released last December 28th). The game is as simple as it is addictive.

You start with a ring-shaped roulette (hence, the name) in which you choose one of four available colors. Then the wheel spins, and a color wins. Then, in the next stage, you make a numerical guess. And that’s it.

Duel is even simpler. You open up a challenge by placing a bet and choosing a color. Then another player in the system can accept your challenge, and play against you for the amount of TRX you placed by choosing a different color. When the duel is set, the system chooses the winner randomly.

There are other new features at Tronbet such as the daily tasks. Every task you complete earns you points, rewards, and you can raise through the site’s levels so just joining the platform becomes something of a game in itself.

The tasks are things that you’ll probably complete anyway at some point like winning 30 times at Dice, or at Moon, or Ring, just to give you a simple example, but there’s a variety of goals to complete.

Joining TronBet is exceedingly easy. All you need is to have a Tronlink wallet (which is a chrome extension) and own a few TRX coins, which are also useful in many other platforms in the Tron network.

So TronBet gives you the chance to play a bit, have some fun, and earn a little passive income by accumulating Ante. It’s very original and convenient which is why it’s one of the world’s top ten decentralized applications.

Image courtesy of Pixabay.

TronBet’s Ante: Here’s how to get some, buy or sell

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How would you like to gamble at a casino in which you get some of the house’s profits? Sounds crazy, right? The famous saying is “the house always wins” (except when Doland Trump owns the house, of course). The thing is, you can really become the house now, at least in terms of partaking from the profits. Keep reading if you want to find out how.

Ever since Tron became independent from Ethereum, last May, lots of new decentralized apps have been developed and deployed over Tron’s new Main Net. Many of those apps are for gambling and gaming. Among them, there is TronBet (https://tronbet.io/). This website features a series of games in which you can place a bet and play.

It’s nothing like a traditional gambling website. First of all, the odds you get from the house are 100% mathematically fair, unlike traditional gambling sites in which the house has an edge. Second of all, this is a crypto betting site, specifically, it’s a website in which bets and returns are placed using Tron’s TRX cryptocurrency. And third of all, you can share in the site’s winnings.

The website has a native token, based on Tron’s TRX token. It’s called Ante, and you get it as a reward for playing. That’s not all. Once you’ve played a bit, and received some Ante tokens you can do several things with them. For instance, if you have a Tronlink wallet (which is just a chrome extension for your browser) you can transfer your Ante tokens to your wallet. Or you could freeze them. If you do that, the online casino called TronBet will share its earnings with you, depending on the number of Ante tokens you own.

There’s even more. When the Ante token first appeared you couldn’t sell it or buy it. But now that the GOC decentralized exchange is online for Tron-based tokens, you can go there and sell or buy Ante tokens. The current rate is about 20 TRX for an Ante.

 Nothing short than a revolutionary product

This is revolutionary. It’s unprecedented in gambling because the odds are fair and the house shares its revenue with players. It’s like you own a bit of the casino, without even buying anything. You just play and you get the tokens that enable you to share some of the profits. It’s a very good way to get some passive income. Basically, you’re getting paid in crypto for having some fun.

The Tron project is exceedingly ambitious, for sure. But if every (or even a few) app and smart contract running on Tron’s blockchain can manage to be as innovative as TronBet, then there’s every chance that Tron’s objectives will be met.

And if you’re interested in additional passive income in Tron-based cryptocurrencies, just start up your BitTorrent client. There’s yet another new coin called BitTorrent Token (BTT) that will reward BitTorrent seeders just for keeping their files online for longer times.

Both Ante and BTT can be traded for TRX at Tron’s decentralized exchanges (mainly GOC) and since it’s directly linked to your Tronlink wallet, it’s rather easy to take your resulting TRX to any other exchange you like and hold them, or to trade them for other coins such as Ripple or BTC.

Image courtesy of PixaBay.

Tron DApps TronBet and TronDice make it to GoDapp

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GoDapp is a Chinese-based website that catalogs and offers access to decentralized apps in three blockchain projects: EOS, Tron and ETH. It currently features 114 EOS dApps, 146 for Ethereum and 32 for Tron.

Decentralized applications are computer programs that use blockchain technology to run over a decentralized network. The decentralization ensures safety, reliability, and lack of interference by any central authority.

DApps are critical in second and third generation projects. When the first blockchain in history came online (Bitcoin) it had the sole purpose of creating the world’s first cryptocurrency. Then Ethereum came along. Vitalik Buterin (Ethereum’s creator and current leader) found a way to create not only a new cryptocurrency but also a programmable platform in which applications could run.

Most importantly he invented the idea of smart contracts which are contracts that deliver on their own terms once the given conditions are met. In other words, decentralized apps are as defining of the newest blockchain networks every bit as much as the native token they have.

After Ethereum invented the blockchain programmable platform (with applications and smart contracts included), other blockchain projects have appeared that allow for developers to also create that kind of programs but in a faster network with cheaper costs. Among those are Tron, Cardano, EOS, Stellar Lumens, just to name a few.

When Tron became independent of Ethereum, last June, its new main net had such amazing features regarding speed and costs that many crypto observers soon started to write about the new “Ethereum killer” because the pioneering second generation blockchain was (and remains) plagued by performance problems and high gas costs that are robbing its fans of their former enthusiasm.

But Tron has not killed Ethereum yet. Neither have EOS, Cardano, or any other network. Why? Because Ethereum arrived way earlier than everybody else, and inertia matters everywhere in the universe. More time means more development, more development means more apps, and more apps mean more users.

One of the main reasons Tron has not beaten Ethereum yet is, quite simply, that Ethereum still has many more decentralized applications and smart contracts running.

Tron is investing a lot of money in incentivizing its community developers to keep creating new apps so that it can finally compete with Ethereum in that regard, and that’s why today’s news is relevant.

A couple of days ago, the GoDapp platform added TronBet and TronDice (two gambling and gaming apps based on Tron) so that now you can use them from there, more easily.

Tronbet has over 2280 users as we write this article and it’s grown by 11.24% over the last couple of days. But many other Tron apps are available as well: TronVegas, TronDice, DiceBet, TronFun, TronBlock, and TronWin among others.

Tron remains a very young project, but it’s making progress very quickly, as shown by today’s news. So it’s only a matter of time until the Tron’s developers community comes up with more apps and contracts so that the network becomes more useful and interesting for both crypto aficionados and neutral observers alike.

Image courtesy of PixaBay.

Tronbet, first ever Tron DApp, gets a billion in volume

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Tronbet was the first decentralized application to be deployed in the new, independent Tron main net. Several peculiarities bear mentioning this app. It’s community owned, for a start. Most importantly (and rare) is that it’s fair.

Most betting systems in the world are not fair. No, we’re not saying that betting websites are thieves. They’re not. But they calculate their odds in such a way that winners do not get a return that corresponds to the mathematical probability of winning. The house always offers odds that will allow it to win from 1% to 5% and there’s nothing wrong with that. If the house is not winning something out of every bet (won or lost), then it has no incentive to offer the service to users.

And Tronbet pays you accordingly to the fair mathematical probability, without taking away anything from you so the house can keep going. That in itself is quite extraordinary as online betting or gaming usually is. Also, there are no transaction fees in this app.

It’s being a very successful gaming platform. A couple of days ago, it reached an important milestone by having more than a billion Tronix coins in volume in less than a day.

The community is exceedingly happy about the app because it works and it’s allowing it to earn new coins and having some fun at the same time. It has 2,213 users according to the app’s leadership’s last tweet.

This also shows how optimistic and bullish the Tron community remains about the token’s value, even as the market keeps its price down. The betting app’s volume has been growing exponentially since it came online and it’s gathering more and more interest from the Tron community as well as the crypto community as a whole.

The game is as simple as it is addictive. You just pick an interval from 0 to 99. Then the app will calculate for you the probabilities and odds that a random number will result in a win for you. You place your bet, you roll it, and you find out what happened. Bets are placed in Tron’s native currency (Tronix, TRX), and they are also paid in the said currency.

As Tron aims to decentralize the whole web by means of blockchain technology, the popularity it’s achieved in the community is quite relevant. Tron is now the biggest decentralized network in the world because it includes BitTorrent now. The full integration between Tron and BitTorrent (called Project Atlas) has not been finished in full, but imagine what could happen when it’s finally done.

BitTorrent has about a hundred million users scattered all over the world and, when Project Atlas does its job, each and every one of those users could become a member in the Tron community and also a player of Tronbet. In this context, the gaming app would not be reaching for the sky but the galaxy.

This kind of achievement shows why Tron has been able to keep moving forward even as the market keeps shrinking. Over the last couple of weeks, it’s beaten Cardano and Monero to become the world’s tenth most capitalized cryptocurrency.

Image courtesy of Pixabay.