WHITEPAPER

2022

www.betswap.gg
Table of Contents

Introduction ............................................ 1-7

What is Betswap.gg? ............................................ 8

Market Opportunity ............................................ 9

Industry Challenges ............................................ 10

The Betswap Solution ............................................ 10

Business Model ............................................ 11-13

Betswap Protocol ............................................ 14-16

Decentralized Architecture ............................................ 14

B2B Architecture ............................................ 15

Smart Contracts ............................................ 15

Liquidity Pool ............................................ 16

Multichain ............................................ 16

Technical Overview ............................................ 20-24

Betswap UI / UX ............................................ 17-19

Classic View ............................................ 17

Modern View ............................................ 18-19

Tokenomics ............................................ 27-28

BSGG Utility ............................................ 29

Ecosystem ............................................ 30-31

The Gamification Advantage ............................................ 31

Product Roadmap ............................................ 32

Our Team ............................................ 33-35

Responsible gaming ............................................ 36

Audit ............................................ 37
Industry
Background
Introduction

The History of Betting

Betting has existed since ancient times. People have wagered money on every kind of event or game,
both as a hobby as well as a way to increase their own fortune. Over the centuries, new systems and
entrepreneurial ventures have developed in order to satisfy the limitless demand for gambling and
betting.

In 1790, Harry Ogden became the first bookmaker in the United Kingdom when he opened his
betting-based business. Up until 2000, betting with a bookmaker was the typical way to wager on an
event. A new kind of betting was introduced in 2000 and it quickly become a popular choice. This kind of
betting was known as sports trading exchanges (Betfair / Betdaq / Matchbook).

What is a bet?
In order to understand the entire concept of Betswap, it’s vital that we define what a bet is. A bet is a
contract on some future cash flow based on the outcome of a given event (e.g. horse race, football
match, and so on). The cash flow is determined by the outcome of the underlying itself and by the price of
the contract, i.e. the odd.

The two main typologies of business in the industry are: Bookmaker and sports trading exchanges

The fixed-odds betting is the most common way to wager on sports events and its main feature is that
the bettor knows the odds at the time he places a wager.

What are Sports Trading Exchanges?

A sports trading exchange is similar to a market, where buyers and sellers are able to, trade directly with
each other in a continuous double auction without the intermediation of market makers. A sports trading
exchange allows bettors not only to bet on a positive outcome (e.g. the victory of a team or of a horse),
but also to act as a bookmaker and to sell the bet, thus it allows betting on a negative result (e.g. the loss
of a team, horse, and so on).

In financial markets, bettors can place a limit order and wait until someone hits their order, or they can
submit a market order and match an already existing bet.

Bookmakers or Sportsbook Bookmakers provide public odds at which they will accept any amount being
bet. Considering these characteristics, the bookmaker market is a quote-driven market in which bettors
can only decide to bet at the price decided by the bookmaker. The transparency on this kind of market is
very low, as only the last odds are made public.

1
Introduction

What is the difference between a sportsbook

and a sports exchange?
Sportsbook betting pits the bettor against the house where the odds are marked up by the bookmaker
(house advantage). A sports exchange on the other hand connects bettors and bookies with back and
lay bets in an order book and then charges a fee in the middle. When comparing the two, a sports
exchange is often the more fair choice since the odds are more equal and there is no markup.

What are the odds?

In sports betting there are three types of odds:

5/2 3.50 +250

Fractional - British Decimal - European Moneyline - American

In order to best understand where and how to place a bet, you must be familiar with the type of odd you
are presented with.

How does one read the odds?

Open bets Settled Bets

Win Only Market

Current odds bets Bet ID: 1213553231

18:30 2022/01/11

When reading the odds, there are two different numbers that are
Back (Bet For) Odds Stake
important for you to know.
Liverpool 1.75 100
Market 1 X 2

The first is the payout or the money that is paid to the winner of the
Payout $175.00
bet.

The profit, in this case, is the payout excluding the stake.

Liability : $100.00 Profit : $75.00

Place bets

2
Introduction

If you are given the decimal odds “1.8” then this is what it means in simple terms:

Stake X odds = Payout

$100 X 1.8 = $180

Bottom line: $180 is your payout with 1.8 decimal odds.

If you want to calculate the profit, then the calculation must look like this:

Profit = payout - stake

$180 - $100 = $80

The profit in that scenario is $80.

How are odds calculated by bookies?

It is best to explain how odds are calculated by bookies via an example. Let’s take the football game
between Liverpool and Manchester United.

Example of football between Liverpool vs Man United

Market Team Probability Back Odds Lay Odds

1 Liverpool 55% 1.8 1.82

x Draw The Draw 10% 10 10.05

2 Manchester Un. 35% 2.85 2.86

Odds = (1/Probability) x 100

Liverpool Draw Manchester United

Back Odds = 1/55 x 100 = 1.81 Back Odds = 1/10 x 100 = 10 Back Odds = 1/35 x 100 = 2.85

Lay Odds = Back Odds + Spread Lay Odds = Back Odds + Spread Lay Odds = Back Odds + Spread
Average Spread: 0.5%-1% Average Spread = 0.5%-1% Average Spread 0.5%-1%

Lay Odds = 1.81 + 0.5% (0.01) = 1.82 Lay Odds = 10 + 0.5% (0.05) = 10.05 Lay Odds = 2.85 + 0.5% (0.01) = 2.86

3
Introduction

How can one verify that the odds are

fair versus marked up?
When calculating odds, the probability of each outcome should add up to 100% if the odds are fair. If the
odds are marked up, then the total of all outcomes would be larger than 100%. Let’s use the example we
demonstrated above:

Probability for 1 X 2 Liverpool + Draw + Man United

55 % + 10% + 35% = 100%

The total of all probabilities calculated together equate to 100%. This means there is no markup, and there-
fore the odds are fair. In sportsbooks where markups are the norm, it would most likely add up to
anywhere between 103% and 108%.

Market Team Sports Sports

Exchange Book

1 Liverpool 1.81 1.65

x Draw The Draw 10 10

2 Manchester Un. 2.85 2.7

With the above example, the total of all probability is 107.6%. That means the sportsbook markup is 7.6%
(107.6% - 100% = 7.6%). This can often be achieved by applying limits on the maximum bet to control the
amount that they can profit from the bets being made.

In sports exchanges, there is no limit on maximum bets. Similarly, there are no markups. Betswap charges
a standard 3.0% commission that is used to support and continue developing the platform.

What are markets in Sports betting terms?

There are quite a few familiarities between a typical investment market and a sports betting market.
When someone participates in a bet, they are participating in a transaction. As a bettor, you are
essentially participating in a market that offers a wide range of “products”. These products can be a team
win or loss, or they can even be meeting specific criteria (i.e. a team scores a set amount of points).

There are a lot of different markets within the sports betting industry, and each offers its own advantages
and disadvantages.

4
Introduction

Asian Handicap
Asian handicap betting is when you do not just bet on which team will win, but also requires getting as
specific as betting on how many points they win by. It essentially adds another layer of complexity on top
of a simple bet.

1X2
1x2 betting is also known as three-way betting and is currently one of the most popular forms of sports
betting when there is a possibility of a draw. It essentially allows you to use back or lay betting on a home
win, draw, or an away win.

Correct Score
A correct score bet is quite a challenge because the nature of the bet is so specific and leaves a lot of
room for losing. The chances of winning a correct score bet are slim to none. Essentially,
when participating in a correct score bet, you are betting on the exact final score. If your bet does not
match with the final score, then you’ve lost.

Over/Under Betting
Over/under betting is pretty much the same thing as a team total, except that instead of being focused
on one specific team, it focuses on both teams. A number will be determined and is considered the line
that betting will be determined by, also known as the total. The bettor then places a bet on whether the
combined total of goals of both teams will be over or under that line.

Team Total
A team total is when someone bets on the total number of points a certain sports team will score in a
given game. It doesn’t have to be the precise number, but you bet on whether or not the total score will be
over or under a predetermined number of points. It’s very similar to over/under betting.

5
Introduction

What is a Back and Lay bet?

There are two kinds of bets that can be made - the back bet and the lay bet. Back betting allows bettors
to put their money behind a team, betting on the assumption that they will win.
On the other hand, lay betting allows you to ‘be the bookie’. Rather than betting on a specific event
(e.g your team winning), bookmakers can bet on an event that is Not going to happen. This adds a lot
more functionality and versatility to the betting table!

Here’s an example of the difference between Back and Lay betting:

Back Odds Lay Odds

Liverpool 1.81 1.82

Stake 100 82

Payout 181 100

Profit +81 +100

1.81 -100 -82

Using the above example, a backer bets $100 with odds of 1.81, where his profit would be $81. The lay bettor
would alternatively bet that Liverpool doesn’t win. If that were the case, Man United either wins or there will
be a draw. In this case, the lay bettor would pay $82 in order to win $100.

Should the backer win, he would make $81 in profit, and the lay bettor would lose $82. The difference
between the two bettors, in this case, $1 ($82 - $81 = $1) is called a spread. The spread and 3.0%
commissions from the winner goes to Betswap.

If the lay bettor wins, he takes home $100 in profit and the back bettor loses his $100 where Betswap
doesn't earn any spread, and only takes 3.0% commission from the winner.

6
Back & Lay

1.24 1.25 1.26 1.27 1.28 1.29

Liverpool
Football
$4311 $1069 $740 $45 $1489 $3869

Liverpool v Chelsea
5.2 5.3 5.4 5.6 5.7 5.8
Draw The Draw $557 $506 $48 $44 $121 $264
1 X 2
BACK 2.3 5.0 2.6
27 28 29 34 38 42
Chelsea $79
LAY 2.4 5.1 2.7
$23 $23 $20 $130 $149

Open bets Settled Bets Open bets Settled Bets

Win Only Market Win Only Market

Current odds bets Bet ID: 1213553231 Current odds bets Bet ID: 1213553432
18:30 2022/01/11 18:30 2022/01/11

Back (Bet For) Odds Stake Back (Bet For) Odds Stake

Liverpool 1.75 100 Liverpool 1.75 100

Market 1 X 2 Market 1 X 2

Payout $175.00 Payout $175.00

Liability : $100.00 Profit : $75.00 Liability : $75.00 Profit : $100.00

Back & Lay is

Fully Matched
Place bets Place bets

Liability : $100.00 Liability : $75.00

BACK LAY
Profit : $75.00 Profit : $100.00

Open bets Settled Bets Open bets Settled Bets

Win Only Market Win Only Market

Current odds bets Bet ID: 1213553231 Current odds bets Bet ID: 1213553432
18:30 2022/01/11 18:30 2022/01/11

Back (Bet For) Odds Stake Back (Bet For) Odds Stake

Liverpool 1.75 100 Liverpool 1.75 50

Market 1 X 2 Market 1 X 2

Payout $175.00 Payout $175.00

Back & Lay is

Liability : $100.00 Profit : $75.00 Liability : $37.50 Profit : $50.00
Partially Matched

Liability : $100.00 Liability : $37.50

BACK LAY
Place bets Place bets
Profit : $75.00 Profit : $50.00

MATCHED $37.50 MATCHED $37.50

7
What is
Betswap.gg
What is Betswap.gg?

What is Betswap.gg?
The Betswap.gg project aims to bring the world of sports betting to the blockchain. The Betswap.gg
platform is a decentralized betting exchange marketplace that connects bettors and bookmakers
through an order book. It is dedicated to providing a fun, fair, and transparent environment for its users.

Sports betting fans will be able to join the platform and take part in back and lay betting, deciding
whether they want to be the bettor or the bookmaker.

Unlike traditional sports betting where bets are against the house. It’s a peer to peer system, you bet
against other users and the exchange acts as an intermediary marketplace for your bets.
Betswap.gg offers users the opportunity to take part in back and lay betting. This allows bettors to play
both sides of a bet.

Betswap isn’t limiting itself to being merely a sports betting marketplace either. The platform also plans on
adding additional features including:

Play2earn Games

Betting Liquidity Pools

Fantasy Sports

Social Betting Tipster

The platform provides multi-chain integration as well as truly decentralized governance through a
decentralized autonomous organization (DAO).

The BSGG token provides holders with a wide variety of functionality, including governance, staking,
reduced fees, and much more.

BSGG is an ERC-20 token and acts as the centerpiece of the sports betting platform. As a multi-chain
token, BSGG resides on the Ethereum, Fantom and Avalanche blockchains.

8
Market Opportunity

The Online Gambling Market is around

$320 billion in 2022

Online sports betting began in the 90’s with around 15 websites offering betting in 1996. Nowadays, it is one
of the most popular activities in the world, and with the growth of technology, it has become easier than
ever. Despite increasingly localized regulation, the industry has grown immensely and is estimated to be
>$100bln a year.

Huge economies like the US have for a long time prohibited sports betting, but in 2018 even the USA
decided to rethink their ban, allowing many states to offer sports betting recently. This led to a
monumental spike in sports betting revenue there, with the USA alone bringing in $1.5 billion in 2020 — mid
pandemic, and with action in just a few states.

Massive use of smartphones led to mobile betting which fueled dramatic growth; few new forms of
betting sprung, like eSports which had tremendous growth the last few years.

But all in all — the industry has not transformed much and yet keeps growing. Today, however, with the
advancement of blockchain technology (and especially super-fast , fair and cheap transactions)
betting is about to see its biggest leap ever.

Betting with cryptocurrency

Today, it is not a secret for anyone in the know that high-roller bettors globally already prefer crypto
payments. There has been an exceptional rise in the number of betting sites accepting crypto, and the
new crypto-only betting sites.

Crypto betting is here, and will grow at a very large scale. In the past 5 years, we have seen an ever
increasing overlap between bettors and cryptocurrency users, with both 18–34-year-old males falling
into their key demographics.

A decentralized blockchain - based betting protocol offers a myriad of advantages over traditional
bookmakers: better depth of liquidity, more markets, more equitable ownership, permissionless and
censorship resistance.

Sports Trading Exchange

Active Users Monthly visits Market Volume over

Source :
it is believed that 40% of Crypto - only Matched volume across
world’s population bets Gambling/ Betting all betting Exchanges combined
on sporting event website (Centralized) every year.

9
Industry Challenges &
Betswap Solution

Problem of Existing
Sports trading exchange

Problem
Regulation across the globe

Difficulty of fund transfers

Traditional sportsbooks monopoly

Late or declined payout for bettor

High markup odds & bet limits for smart bettors

Solution
Peer-to-peer sports trading exchange on blockchain

Instant settlement via blockchain

No restrictions, where anyone from anywhere can be a user

Anonymity of users (DEX only recognizes the player through their wallet. Does not require additional KYC or similar)

Crypto (Stablecoins) as payment for wagering

Truly decentralized & controlled by governance token holder (DAO)

Powered by Ethereum, Polygon, Fantom blockchains

Fair & competitive odds

10
Business
Model
Business Model

How Betswap.gg
DAPP Works?

BACK LAY
Pays $100 in Pays $52 in
Stablecoin 1.42 1.52
Stablecoin

Vs
BACK LAY BACK LAY

1.42 1.52 3.33 3.43

Total Matched Volume $100 + $52 = $152

Payout - $142
Los Angeles lakers

Wins $10
Profit from spread

Pays $142 - 3% Profit from Fee (3.0%) $1.26

Commission in Net Profit from Betswap protocol $11.89

Stablecoin (Spread $10 + $1.26 Fee)

Payout : $142.00 Profit : $42.00 Fees : $1.26 (3.0%)

1/3 Governance Token stake reward

Net Profit on Betswap for Protocol 1/3 Team & Operation cost
Fee (3.0%) + Spread (Between Back & Lay) 1/3 Reserve & Burn

11
Business Model

Breakdown of
Betswap.gg Revenue stream

Governance Token
1/3 of the revenue generated from the betswap volume will go towards supporting staking of

governance token

This in turn will help reduce the supply of Betswap tokens from the market and produce a positive

long-term impact.

Team & Operation cost

1/3 of the revenue will go towards the team to maintain the existing system and manage ongoing

technical developments.

Additional team members will be added to develop new features to always keep Betswap ahead

of the curve.

General Administrative Expenses & Contribution to Social responsibility

Reserve & Burn

1/3 of the revenue will go towards buying the BSGG token from the market & will be burnt

There will be an announced burning program.

12
Business Model

How Betswap.gg acts as

sports trading marketplace?

YBET.INC
$1500
Betswap.gg acts as an exchange connecting online
sportsbooks, Traditional bookies & Punters.

PETER

Bet taken
LAY PARKER
$1500

$1500
$10000 $3000 LAY
$200

$1000
BET XBET.INC BACK
Passing on
LAY ZBET.INC
$10000 $7000 $3000 $1000 $1000

Bet taken

$200
LAY
$100
LAY
$200

NICK
FURY

TONY
STARK

Xbets.inc is an online sportsbook, takes a $10000 bet from its

Punters, and keeps $7000 on its books, and passes $3000 to
Betswap.gg.

$3000 bet on Betswap.gg is taken by other online sportsbooks

companies such as Ybets.inc ($1500), Zbet.inc ($1000) & Punters
like Tony Starks ($200), Peter Parker ($200) & Nick Fury ($100).

13
Business
Protocol
Betswap Protocol

Decentralized
Architecture

Centralized (Off Chain)

Matching UI | UX API Sports odds

engine
BACK LAY
1.2
3.4
1.2
3.4
Data feed

Order Book
Back Odds Lay Matched

1.34 $47 0.0K

1.33 $156 0.2K

1.32 $520 1.1K

1.31 $1200 2.1K

1.30 $1000 4.0K

1.29 $3869 2.4K

Blockchain API
1.28 $1489 1.8K

1.27 $45 1.5K

$740 1.26 4.3K

$1069 1.25 7.9K

$4311 1.24 10.8K

$2700 1.23 3.4K

$100 1.22 0.1K

$50 1.21
$120 1.20
$2 1.19

User wallet Betswap Governance

Metamask Protocol Token

DeFi

Betswap.gg dApp

EVM Multichain

14
Betswap Protocol

Betswap.gg ($BSGG) TOKEN HOLDERS

BSGG DAO

Matching Engine
Order Book
Back Odds Lay Matched
1.34 $47 0.0K

1.33 $156 0.2K

Multiple 1.32
1.31
$520
$1200
1.1K

2.1K
Automated
front-end 1.30 $1000 4.0K
Bookie Liquidity
1.29 $3869 2.4K

operators 1.28 $1489 1.8K

pools
1.27 $45 1.5K

$740 1.26 4.3K

$1069 1.25 7.9K

$4311 1.24 10.8K

$2700 1.23 3.4K

$100
UI | UX UI | UX UI | UX
0.1K
1.22
$50
BACK LAY BACK LAY BACK LAY

1.2 1.2 1.2 1.2 1.2 1.2 1.21

3.4 3.4 3.4 3.4 3.4 3.4

User wallet $120 1.20

UI | UX UI | UX Metamask
$2
BACK LAY BACK LAY
1.19
1.2 1.2 1.2 1.2

3.4 3.4 3.4 3.4

Sports Odds Data

eSports Football Cricket

BACK LAY BACK LAY BACK LAY

1.59 1.6 1.2 1.2 1.35 1.49

1.79 1.87 3.4 3.4 3.0 3.8

Betswap.gg dApp

EVM Multichain

15
Betswap.gg Automated Bookie
Liquidity Pools

0.1%
User - A
100 USDT

0.5%
User - B
500 USDT
Football
1.0%
User - C Liverpool v Chelsea
1000 USDT
1 X 2
10%
User - D
10000 USDT BACK 2.3 5.0 2.6
LAY 2.4 5.1 2.7
Total Pool Value
34%
User - E
34000 USDT 100000 USDT
54.4%
User - F
54400 USDT

Open bets Settled Bets

IF LIVERPOOL WINS
Win Only Market

Current odds bets Bet ID: 1213553231

18:30 2022/01/11 Bettor Football

16000 USDT
Back (Bet For) Odds Stake Payout 26000 ABLP(Before) 100000
Liverpool 1.75 100
Profit 16000 Balance 84000
Is matched with ABLP
-16000
Market 1 X 2
Net P/L
Payout $175.00

Football ABLP balance Before

IF LIVERPOOL LOSE
Liability : $100.00 Profit : $75.00
100000 USDT
Football ABLP balance After
Bettor Football
84000 USDT Payout 26000 ABLP(Before) 100000
(10000-16000)
Place bets Profit 16000 Balance 110000
Net P/L +10000

ABLP P&L SPLIT

If Profit Available If Loss Available
+10,000 Balance -16,000 Balance

A $10 $110 -$16 $84

B $50 $550 -$80 $420

C $100 $1100 -$160 $840

D $1000 $11000 -$1600 $8400

E $3400 $37400 -$5440 $28560

F $5440 $59440 -$8704 $45696

*ABLP : Automated Bookie Liquidity Pools

16
Betswap UI | UX Classic View
Light Mode

Dark Mode

Mobile View

17
Betswap UI | UX Modern View
Light Mode

Dark Mode

18
Betswap UI | UX Mobile View
Classic View

Modern View

19
Technical
Overview
Technical Overview

Overview

Betting exchange market has a range of problems, including:

Lack of liquidity.

Lack of transparency for bettors, settlements and payouts.

High bookmaker fees.

Betswap Protocol (BP) was created by BSGG Labs. It provides access to decentralized betting exchange
services (peer-to-peer betting) including pre-match and in-play betting options for bettors. Automated
Bookie Liquidity Pools (ABLPs) and Liquidity Providers were created by BP to solve the biggest problem with
liquidity. The core logic of BP is based on Smart Contracts, so all the bets, settlements and payouts are
transparent. The system fee is only applied to the winning amount that and set at 3.0%. The fee can be
changed in both directions through the decentralized and transparent voting process of BP governance.

Architecture

Smart Contracts
Betswap Smart Contracts are at the heart of the Protocol. They store and match the bets in a transparent
and fair manner.

Oracles
Smart Contracts cannot communicate with the real world outside of the Blockchain. Oracles can
solve that problem, bridging the Smart Contracts with other off-chain services.

Labels / Operators
Plenty of Betting Exchanges have the same problem with liquidity. Betswap Protocol will be able to
provide liquidity for them, and those Betting Exchanges can operate under their own brand and benefit
from Betswap ABLPs.

20
Technical Overview
Betswap Protocol

Market Betting Liquidity Pools Liquidity NFTs

BSGG Token Governance Betting Chips Labels Protocol

Betswap Smart Contracts

Market Orcles In-play Oracles

Smart Contracts
Feeds / Odds Provider Dex Exchange Rates Labeled
Markets Operators

Market Smart Contract stores the data relating to sports, leagues, teams and matches. These are
updated by the Market Oracles. which in turn are authorized by the Governor Smart Contract. Unlike
leagues or teams, the matches need to be updated more frequently.

Sport League Teams Initial Odds Time starts Time ends

That data is provided by Feeds / Odds Providers.

Betting / Matching

Betswap Protocol is a decentralized betting exchange (peer-to-peer betting), allowing bettors to

place their bets, match them and define the winners based on the matches results.
Matching logic works on FIFO (first in first out) rule

back (buy / bettor) & lay (sell / bookie) is matched from order book.

If no lay bets are available in order book, then back bet from the orderbook is matched with ABLP
(automated bookie liquidity pool).While matching with ABLP , it will only match the current market odds
and below. It will not match with higher payout odds.

If there is no liquidity in ABLP , then matching logic will try to match back bet vs back bet cross matching.

Pre-match Bets

Pre-match bets can be placed before the match has started. The bets can be placed with any odds
within a range of 1.01 – 100, back or lay.

If a new bet cannot be matched, that bet will be stored in the Order Book (Market Maker).
Pre-match bets could be a Market Taker, effectively match previously placed bets from the Order Book.
Automated Bookie Liquidity Pools (ABLPs) is not evolved for prematch bets.

In-play Bets

Bettors can place back and lay in-play bets using any odds. In-play bets can be matched with the
Order Book, and if no match is found, that bet becomes the Market Maker.

Automated Bookie Liquidity Pools (ABLPs) can be used for in-play bets (see below).

Any unmatched bet can be cancelled at any time without any penalty or fee. The bettor just needs to
cover the transaction cost and the funds will be sent back to the user.

21
Technical Overview

Betting Allowance

Betswap Protocol supports allowance. That means any bettor account can grant allowance to
another account (bettor agent) to place bets on behalf of that account, including Smart Contracts.
The winning amount can be claimed either back to the bettor account or to the bettor agent, depending
on the allowance type.

Automated Bookie Liquidity Pools

The liquidity for the Automated Bookie Liquidity Pools (ABLPs) is formed with the authorized
stablecoins from the Liquidity Providers (LPs). Betswap has an ABLP on a sport level, so bets for all the
leagues and games within that sport can utilize the liquidity of the ABLP. LPs can provide liquidity
to any sport through ABLP of that sport.

Liquidity
Betting Betswap Bettor
Provider
Automated Bookie

Stable
Markets
Coin

Deposit Place Bet

NFT
Positions Bets
Input : Stablecoins Input : Stablecoins
Output : LP NFT Output : Stablecoins

LP provides concentrated liquidity – they choose a sport and a range of odds. Concentrated liquidity
can be achieved with odd ticks equals to 0.01.

ABLP is used to match only in-play bets whereby the odds are provided by the authorized Feeds / Odds
Oracles. Since all the Liquidity Pools positions are concentrated, only the pool for that sport and
the orders within the current odds will be utilized to match the bets. ABLP positions used for
matching bets become active.

There is no additional fee for the bettor to use liquidity from ABLP. LP are rewarded in case bettors
lose. The LP with the positions which were active for those winning bets are rewarded. The amount
of that payout amount equals to the aggregated lost bets amount (matched with ABLP) minus
Betswap Protocol fee (3.0%).

22
Technical Overview

After a match is over and the results are known, ABLP profit/losses are distributed pro-rata to all
positions used for the bets with matching odds ticks.

An ABLP position has three balances:

Betting (Main) (Betting Chips)

Profit (Betting Chips)

Staking (BSGG)

Winning ABLP positions receive payout to the profit balance. If an ABLP position loses, the amount
is deducted from the profit balance, and in case the profit balance cannot cover the loss, that amount
is deducted from the betting balance.

Liquidity NFTs
When a Liquidity Provider creates a new position in ABLP, a new NFT (ERC-721) is generated and
sent in return. That Liquidity NFT represents the ownership of the position in ABLP.

Betswap Protocol Fee

Initially Betswap protocol fee (system fee) is set to 3.0%. That fee is applied to the winning payout
amounts – winning bets and winning ABLP positions. Betswap Protocol fee can be changed by the
Governor.

Staking

Betswap Protocol has two types of staking:

Liquidity Providers receive BSGG tokens for providing the liquidity to Automated Bookie

Liquidity Pools (ABLPs)

Governance

Governor Bravo created by Compound Finance is the updated version of Governor Alpha, and
nowadays can be considered as a standard for governance. Betswap Protocol uses the cutting-edge
Governor experience for on-chain governance (DAO)
.
Betswap Protocol utilizes a wrapped BSGG token with voting powers for governance logic.
Proposals can modify system parameters or modify functionality of the Betswap Protocol.

Some of the system parameters are upgradable through governance:

23
Technical Overview

After a match is over and the results are known, ABLP profits/losses are distributed pro-rata to all
positions used for the bets with matching odds ticks.

An ABLP position has three balances:

System fee (3.0%)

List of authorized stablecoins

Enable / Disable separate exchange rates for stablecoins

List of authorized oracles

Staking rewards

Workflow

Proposal is created. Status: Review

Voting is activated. Status: Active

Voting is ended

Succeeded, the changes can be executed

Defeated, the changes are declined

Execute the changes

Betting Chips

A wide range of popular stablecoins are available in the market, and in order to accommodate bettors,
Betswap Protocol has the ability to support bets with most of these stablecoins. Based on the system
parameters, there is an authorized list of stablecoins (like USDT, USDC, DAI, BUSD, MIM) whereby
those stablecoins would have the same exchange rate. In the case the exchange rate is different, it would
be synced with the oracles. Betting chips are used for betting only and they cannot be withdrawn outside
of Betswap Protocol Smart Contracts.

24
Technical Overview

Oracles

Markets Oracles

Betswap Smart Contracts need to be updated with the new sports, leagues, teams and matches
regularly to operate as a part of the protocol. Those updates can be made with the help of authorized
Market Oracles.

Feeds / Odds Providers

Betswap Protocol receives the official fixtures / matches, odds and the results from those oracles.

In-play Oracles

It’ is very cost inefficient to update in-play odds every few seconds. Betswap uses another approach
for bets made after a match has started. If a bettor would like their in-play bet to be matched by the
Automated Bookie Liquidity Pool (ABLP), the odds must be within the approved range at a certain
moment of time (Acceptable Bet). ABLP would not be directly aware of the current odds for an in-play
match, but In-play Oracles would be. The authorized In-play Oracles must co-sign in-play Acceptable
Bets bets for them to be valid and matched with the ABLP.

DEX Exchange Rates

Betswap Protocol accepts bets with multiple stablecoins. Their exchange rate is close to 1, but not
identical. Some stablecoins values may fluctuate upwards or downwards. If Betswap Stake Holders
decide that the exchange rate must be applied for the bets (Betting Chips), Betswap
Protocol can handle that with DEX Oracles, like Sushiswap or Uniswap.

Labels / Operators

Markets

Betswap Protocol supports allowance. That means any bettor account can grant allowance to
another account (bettor agent) to place bets on behalf of that account, including Smart Contracts.
The winning amount can be claimed either back to the bettor account or to bettor agent, depending
on the allowance type.

25
Technical Overview

Labels / Operators
One of the B2B features Betswap Protocol supports is Labels / Operators (Operators). It solves one
of the key problem other bookies have – lack of liquidity.

To get access to Betswap B2B Protocol for Operators, an account needs to stake a certain amount of
BSGG tokens. The exact amount is defined and can be changed (for the new Operators) by the
Governor through the voting process. Operators can use a separate front-end application with Web3
to provide betting exchange service to their clients. No coding experience is required.

Liquidity Coverage Ratio (LCR), 100%

An Operator can get full coverage.

Liquidity Coverage Ratio (LCR), 50%

If an Operator has some liquidity and can cover 50%, the remaining 50% can be covered using Betswap
B2B Protocol, including ABLP.

Conclusion
The aim of Betswap Protocol is to make betting exchange service available to a wider audience by
solving the problems such as small liquidity of a bookmaker, high fees, and lack of transparency. We are
sure that using Blockchain cutting-edge technology with Smart Contracts will open new doors for the
betting exchange service with peer-to-peer betting.

26
Tokenomics &
Roadmap
10,000,000,000
BSGG Token Breakdown

Ticker Total supply Initial circulating supply

10,000,000,000 1.5B
BSGG

25% Private Sale

100% Locked for 3 months
3% Monthly linear release for 33 Months
5%
5%
10% Public Sale
100% fully unlocked 5% 25%

10% Admin
100% Locked for 12 Months
4.2% Monthly linear release for 24 Months

90%
7.5% Team 20% Buyback &
100% Locked for 12 Months Burned
4.2% Monthly linear release for 24 Months
10%
7.5% Initial Community
100% Locked for 3 months
3% Monthly linear release for 33 Months
5%
5% Advisor 10%
100% locked for 6 months 7.5%
3.3% Monthly linear release for 30 Months 7.5%

20% Eco-system
Fully unlocked & Released on incentive model

5% Gaming Partnership
100% locked for 6 months
3.3% Monthly linear release for 30 Months

5% Airdrop
BSGG Airdrop to the community

5% Reserve
100% Locked for 12 months
4.2% Monthly linear release for 24 Months

27
Token
Release Schedule

100 100

95 95

90 90

E
RV
SE
85 85

RE

IN
M
AD
80 80
R
O
IS
75 V 75
AD RS
E
R TN
70 PA 70
I NG
AM
65 G 65

60 60
A LE
55 ES 55
VAT
PRI
50 50

45 45
M
TEA
40 40
E
NTIV
35 YI NCE 35
MM UNIT
A L CO
30 INITI 30

25 25
EC0-SYSTEM
20 20

15 15
AIRDROP
10 10

5 PUBLIC SALE 5

0 0
3 6 9 12 15 18 21 24 27 30 33 36

Airdrop Eco-System Initial Community Team Gaming Partnership

Incentive

Advisor Private Sale Admin Reserve

28
What is the utility of
Betswap.gg Tokens?

BSGG Utility

Betswap.gg

Betswap.gg is BSGG Protocol's ERC-20 native protocol token on Polygon layer 2.

Betswap.gg Buyback

Exchange fees (up to 30%) will be converted to BSGG dynamically (via DEXs) and burned up to 90% of the
initial supply.

Staking

Stake BSGG to receive staking rewards. BSGG stakers will receive a dedicated share of the fee pool,
offering them a higher return than other collateral types.

Governance

Once mature, BSGG will gradually transition to community governance, allowing the community to
decide the future of the protocol.

29
Betswap.gg
Eco-system Rewards

20%
BSGG Utility
of initial supply is allocated to
reward eco-system to increase
the engagement of the protocol

Staking Participation
Rewards Rewards
APY %

Bonus program on initial bets

Reward for Taker/Lay bets

Native token cashback on lost bets

Refer & Earn more tokens

Staking is the act of

locking cryptocurrencies
to receive rewards.

Liquidity Governance
For AMM Pools and Voting
ETH Market Price $2,000 Betswap.gg (BSGG)
ETH Pool Price $2,000

BSGG Market Price $0.01 APR - 3%

BSGG Pool Price $0.01

Gov Stake

10 ETH 200,000 BSGG

$ 20,000 $ 20,000

W 50% W 50%
ETH - BSGG
Pool Value : $40,000

30
Betswap.gg
Eco-system Rewards

Social Bet
Trading
Professional sports bettors will join platform to earn subscription fee

Users have a choice to follow professional betters using betswap token

Professional Bettor will take performance token fee from the users

TonyS Pepper PeterPar

Antony Stark Pepper Potts Peter Park

28.46% 4 22.11% 2 30.27% 5

Return (12M) RISK Return (12M) RISK Return (12M) RISK

COPY COPY COPY

1,129 COPIERS 2.98% 1,129 COPIERS 0.14% 1,129 COPIERS 5.28%

Win 123 | Loss 23 Win 123 | Loss 23 Win 123 | Loss 23

Max Win 35 ETH Max Win 35 ETH Max Win 35 ETH
Max Loss 4 ETH Max Loss 4 ETH Max Loss 4 ETH

Betswapp.gg
Stage Two

Play to Earn
Sports
Games
Betting exchange
Testnet Coming soon

Betting Fantasy Social betting

Liquidity pools Sports tipster

Coming soon Coming soon Coming soon

31
Betswap.gg
The Launch Map

JUN-AUG 21 OCT 21 NOV 21 DEC 21

Architecture, Private sale Development testing Official Marketing PR,
Design & UI/UX IEO Listing discussion deployment marketing begins Influencers private sale concludes

JUL 22 JUN 22 APR-MAY 22 FEB-APR 22 JAN 22

Multichain in DAO Mainet launch Testnet IEO / IDO sale
Voting, Staking Betting liquidity pool Listing on DEX/CEX

AUG 22 SEP 22 OCT-NOV 22 DEC 22

Metaverse Betswap on Social betting & Brand partnership with Fantasy
Decentralized sandbox Play 2 Earn Clubs & Sports platforms Sports

32
The Minds behind
The Team

@0xMAVIC
An avid gamer / aviator with an aeronautical engineering background inspired
by entrepreneurship. Worked as risk manager on sports betting exchange &
built startups in crypto mining, blockchain fintech, igaming space (sports book
& online casino from Malta & Curaçao) with successful exits.

Believer & backer of DAO/esports/gamefi

@0xMaxGG
Seasoned financier, venture capitalist, fintech and crypto investor. Decades of
investing in high growth verticals, with main focus on funding talented
expertise that are potential disruptor in the tech space, particularly igaming,
sports/eSports, and metaverse.

@0xBCGG
He is one of the first pioneers in blockchain world with a strong background in
both blockchain and AI technology. He participates globally in multiple
blockchain events, and was more recently part of the Dubai Future
Accelerators program. He is a former co-founder and CTO at a well-known
blockchain development company.

Source: https://www.certik.com/projects/betswap-gg

33
The Team

Muhammed Iqbal
Heading the Betswap UI/UX design team, he is a professional marketing
expert, NFT artist, UI designer, and brand developer with over 18 year
experience having worked senior positions with leading multinational and
multi-specialty Organizations.

Manish Sharma
Manish is an experienced Project Manager with Product Owner in the iGaming
domain, with in-depth working experience in the sports industry. Extensive
knowledge in sports exchanges, betting, fantasy sports, casino/live casino and
poker, with high proficiency in Basecamp, Trello Board, Asana, Slack, JIRA project
management software (Scrum & Kanban) & Agile practices. Currently project
manager for Betswap programming team.

Shivam Jaiswal
Shivam is one of the lead developers of Betswap. An experienced Solutions
Engineer with a demonstrated history of working in the information technology
and services industry.
Skilled in Behavior-Driven Development (BDD), Nodejs, HTML, Javascript,
Blockchain, Solidity, ReactJs and Docker.

34
The Advisors & Consultants

Hubertus Thornhauser
Tech- and Web3 Investor, Founding Partner Enabling Future VC, Tezos
Foundation Chairman, co-founder Babil Games (acquired by Stillfront Group),
+20 years Board roles and C-level in the gaming industry”

Manoj Narender Madnani

Founder and CEO of DSA Investments, executive leader and deal maker with
global business achievements including high-level transactions totaling over
$20B USD. He’s a global impact investment partner with various portfolio
companies that provide solutions for humanity with a backbone of
technology.

Floris Weisz
Experienced Sports Management Professional, having worked at IMG and Essel
Sports Management, representing commercial rights for various celebrities
and international football players. He plays a key role in identifying strategic
sporting opportunities for Betswap.

35
Responsible gaming and
Audit

Responsible gaming process

If you or someone you know is experiencing any of the signs of problem gambling, then you are not alone.
The gambling problem hotline in your home country is available to both the gambler and those affected
24 hours a day, 7 days a week to answer your questions and offer confidential assistance

For the vast majority of people gambling is a form of entertainment, like going to a show or out to dinner;
these individuals can gamble without harmful effects. However, there is a small percentage of gamblers
for whom the activity becomes problematic, addictive or sometimes uncontrollable.

Individuals who enjoy gambling as a social pastime game responsibly by knowing their limits are able to
control when you they should walk away from their losses should they have incurred any. There are other
individuals who are not able to control their urge to gamble – even when the consequences negatively
affect their finances, their lives and their families.

This is problem gambling.

Problem gambling is an addiction – like alcoholism or drug abuse. As with other addictions, it requires the
individual suffering from the addiction to take personal responsibility, and for those around him to help
him get there.

It is not possible to predict who will develop a gambling addiction. There is no “typical” problem gambler;
it can happen to anyone. Gambling addiction occurs with people of every race, sex, age, religion, and
socio-economic group.

Warning signs of problem gambling can include any of the following:

Losing time from work, school, or family due to gambling

Repeated failed attempts to stop or control the gambling

Borrowing money to gamble or pay gambling debts

Gambling to escape worry or personal issues

Neglecting the care of one’s self or own family in order to gamble

Lying about the amount of time and money spent on gambling

Gambling more money in an attempt to win back losses

Selling or pawning personal possessions to get money to gamble

Feelings of hopelessness, depression, or suicide as a result of gambling

36
Responsible gaming and
Audit

Identify and Reduce the Risks

If you choose to play online, there are some general guidelines that can help make your playing
experience safer, and reduce the risk of problems occurring:

If you choose to gamble, do so for entertainment purposes. If your gambling is no longer an enjoyable
activity, then ask yourself why are you still “playing”.

Treat the money you lose as the cost of your entertainment. Treat any winnings as a bonus.
Set a dollar limit and stick to it. Decide how much of your budget you want to allow for gambling. Leave
when you reach your budget limit whether you are winning or losing.

Set a time limit and stick to it. Decide how much of your time you want to allow for gambling. Leave when
you reach the time limit whether you are winning or losing.

Expect to lose. The odds are that you will lose.

Make it a private rule not to gamble on credit. Do not borrow money to gamble.
Create a balance in your life. Gambling should not interfere with or substitute for friends, family, work or
other worthwhile activities.
Avoid “chasing” lost money. Chances are the more you try to recoup your losses the large your losses will
be.

Don’t gamble as a way to cope with emotional or physical pain. Gambling for reasons other than
entertainment can lead to problems.
Become educated about the warning signs of problem gambling. The more you know, the better choices
you can make.
For information regarding the risks associated with gambling, please visit here.
There are resources for problem gambling, as well as, self-limiting and self-exclusion on your account.

Ways to Self-Limit

Playing on Betswap.gg should be a fun interaction and a great way to enhance your sports viewing
experience. There are several ways to game responsibly which includes making personal choices
involving your self-imposed responsible gaming limits. You can choose to set a cooling-off period or limit
the amount of time you play per day, week or month and limit your play amount, and/or the amount
wagered per day, week, or month.

37
Certik
Audit

Certik KYC

Source: https://www.certik.com/projects/betswap-gg

Contract Address

ETH 0x69570f3e84f51ea70b7b68055c8d667e77735a25

FTM 0x5a33869045db8a6a16c9f351293501cfd92cf7ed

AVAX 0x63682bdc5f875e9bf69e201550658492c9763f89

38
Do you have
any questions?

Send it to us!

Email: connect@betswap.gg

Official Website: http://www.betswap.gg

Twitter: http://www.twitter.com/betswapgg

Telegram: https://t.me/Betswap_gg

Discord: https://discord.gg/rdQpNg33

Instagram: https://www.instagram.com/betswap.gg/