Dear EOSBet Community,
We’d like to briefly provide some more details on our upcoming listing on Binance DEX.
Listing Process
Aug. 27 (2:00pm GMT): BET tokens unlocked
Aug. 29 (2:00pm GMT): Trading begins on Binance DEX
Tokens will be unlocked this Tuesday, two full days before trading goes live on Binance DEX. The reason for this staggering is to provide people with ample time to prepare for trading. So if you need to consolidate your BET into one account, purchase BNB, or setup a Binance DEX wallet, now is the time!
Buyback Details
Starting Thursday, 50% of dividends received in the eosbetcldstr account will flow into the eosbetbuybak account. These funds will be used to purchase BET off of Binance DEX every couple of weeks.
We do not have a set schedule or specific purchase price. This is in order to prevent frontrunning and holders timing their selling. In general, our goal will be to support the token price and buy up larger sell orders.
How to use Binance DEX
As posted previously, Binance has compiled the following guides for their DEX: wallet creation, accessing your wallet, using the trading interface, and taking advantage of the block explorer.
How to convert BET Between Chains
If you are familiar with using exchanges this process should be fairly straightforward. On the eosbet.io Deposit/Withdraw page there is now a “Binance Swap” tab.
If you need to move your tokens from EOS to Binance Chain, copy your Binance Chain address from Binance.org and paste it in.
If you’re moving BET from Binance Chain to EOS, simply copy the address and memo into your wallet of choice.
If any question arise, we'd be more than happy to answer them on our Telegram!
All the best,
Team EOSBet