ZenSports integrates its own native token exchange onto its platform
San Francisco-based firm removes need for third-party exchange for its users.
Peer-to-peer cryptocurrency mobile sports betting company ZenSports has launched its own trading exchange for its cryptocurrency token, SPORTS.
Users will now be able to buy, sell and trade SPORTS tokens within the ZenSports platform without the need to go via a third-party exchange.
This new exchange is available to non-US residents and there is an enforcement of the 50% rollover for all tokens purchased via the exchange.
This means a user must wager at least half of the SPORTS tokens purchased via the exchange on sports bets before being able to withdraw funds.
Users will be able to trade SPORTS for both bitcoin and tether in the app.
SPORT tokens are built on ICON’s blockchain platform and users need an ICONex wallet to manage the token they collect.
At the end of Q4 2019, over 1.3 billion SPORTS tokens had been paid out as a dividend.