When you talk of De-Fi casino, BC.Game ranks amongst the top few that support De-Fi and offer many benefits to its users. Read on to know more: Cryptocurrencies are a revolution in finance, and their impact on crypto gambling and other core sectors is evident. In the traditional sense, procedures are bureaucratic, with many red tapes. There is paperwork to be filled on top of the checks and balances that effectively cut off some from accessing even the most basic financial services. Indeed, even with the digitisation of banking, some are underserved, and a big part is missing bank accounts meaning they can’t access the most basic financial services. For this reason, cryptocurrencies were billed as better alternatives. A reason for people to access better and, most importantly, to be in control of procedures.
What is DeFi?
Open finance, or DeFi, is part of the blockchain and rides on the tokenisation capability of smart contracting platforms. The core objective of DeFi is financial freedom riding on the underlying principles of the blockchain, that is, openness and fairness. What DeFi does is simple: port over everything that can be done in the traditional sphere to the blockchain but without the middleman and needless red tape. The result has been pure innovation and decentralisation of which, instead of two-dimensional audits, there is a three-dimensional auditing system done by participants and verified by mathematics.
Transactions may be immutable. However, with control, there are far more advantages to the end-user. People can swap tokens using decentralised exchanges, run nodes to confirm real-world data, trade derivatives, access loans, or provide liquidity to automated market makers, and so much more. Coincidentally, analysts say the DeFi wave is still developing. According to Defi Pulse, an online portal for tracking the assets under the management of leading DeFi dApps, there is over $13 billion of total value locked. The majority of them are in Maker, a lending platform. However, a considerable chunk is under Uniswap ($1.2 billion)—a leading decentralised exchange. Uniswap’s trading volumes at one point eclipsed those of Coinbase Pro, one of the leading centralised exchanges in the world.
Leading DeFi Projects
Beyond lending and decentralised exchanges, oracles—dApps connecting smart contracts with vetted real-world data, play a critical role. Chainlink is the most popular decentralised oracles provider, of which investors have heavily invested in its token. According to trackers, the market capitalisation of Uniswap’s governance token, UNI and Chainlink’s utility token, LINK, is $836 million and $4.6 million, respectively. In two months, it is now one of the leading DeFi tokens, which, together with LINK, is supported by several exchanges and online gaming platforms for the player’s benefit.
Crypto Gambling and DeFi
De-Fi Casino BC.Game is one of the few Bitcoin gambling platforms through which players can increase their token haul without necessarily involving themselves in liquidity provision. By simply buying the token in any of the supported DEX or CEX, a player can deposit their DeFi tokens to De-Fi Casino BC.Game’s secure wallets and play any of the best crypto games listed on the site. This avenue must be accessible. Online gaming can sometimes be more certain than price movements, where many variables can be in place to determine price movements.
Unlike trading, where available statistics show odds are skewed against new traders and even intermediate and experienced traders often lose, choosing carefully and playing any of the listed games in BC.Game can be an advantage. BC.Game presents other opportunities for players who wish to use DeFi tokens in addition to leading coins like Bitcoin and Ethereum. By running on the blockchain, BC.Game is provably fair. In this regard, transactions can be tracked immediately as long as the player has access to tracking tools. In this arrangement, any of the best crypto games like Plinko, Bitcoin Crash Game, and others are played more openly, a diversion from centralised systems where not only are operations opaque, but payments can, in some cases, not be instantaneous.
How is BC.Game Different?
Another big advantage of punting using DeFi tokens beyond the potential of these digital assets is the spirit of decentralisation that De-Fi casino BC.Game anchors their operations on. In the spirit of community, BC.Game recently launched an open forum free to the public, where anyone can join without restriction. Topics are virtually limitless but predominantly cryptocurrency. For new gamers who may be trying out online gambling, the BC.Game forum is an oasis of knowledge. Coupled with prizes that are won from time to time depending on activity, there is more incentive to ramp up purchases and to know that the odds are in favour of players, not experience and others. That’s also not forgetting BC.Game has been in operation for over two years and runs a Lightning Network (LN) node. The LN is classified as DeFi, facilitating the cheap, instantaneous movement of BTC—deposits and withdrawals, beneficial for the players in an otherwise comparatively expensive blockchain network discouraging players from using decentralised gaming portals.
