About

DuelNow, developed by Ideafloats Technologies, is a decentralized P2P crypto betting platform that enables secure, transparent betting using cryptocurrency. Built with NextJS, NodeJS, and blockchain integration, the platform ensures real-time performance and scalability. Key features include blockchain-based escrow, crypto wallet integration, and detailed user analytics.

Industry

Blockchain

Business type

P2P Crypto Betting Platform

Services

Blockchain-Based Escrow, Real-Time Betting Creation & Acceptance, Crypto Wallet Integration,

Objective

DuelNow aimed to disrupt the online betting industry by creating a decentralized, peer-to-peer crypto betting platform, enabling users to securely create and accept bets without relying on traditional bookmakers. The platform's goal was to provide a scalable, transparent, and real-time betting experience with enhanced security and seamless user engagement.

Background of the project

DuelNow sought to address the limitations of traditional betting platforms by leveraging blockchain technology to create a decentralized, peer-to-peer betting ecosystem. The rise of cryptocurrency provided an opportunity to offer faster, secure, and transparent transactions without the need for intermediaries. The platform was designed to cater to a growing demand for decentralized betting experiences, offering users full control over their wagers while ensuring regulatory compliance and security. Ideafloats Technologies was tasked with building a highly scalable, secure, and real-time platform that could handle global transactions efficiently.

Our Project Challenges

Building a Decentralized, Trustless Betting System

Problem: Creating a secure, peer-to-peer betting platform that ensures transparency and trust between users without the need for traditional bookmakers was a complex challenge.
Solution: Leveraged blockchain technology for escrow management, ensuring that funds were safely locked until the bet was settled. This provided trustless transactions and full transparency for all users.

Ensuring Real-Time Performance for High-Volume Bets

Problem: Handling real-time betting creation, acceptance, and transaction updates across a global user base required low-latency performance and scalability.
Solution: Built a real-time event-driven architecture using Kafka and integrated microservices, ensuring rapid transaction updates and a seamless betting experience even under high load.

Integrating Crypto Wallets and Multi-Currency Support

Problem: Supporting a wide range of cryptocurrencies and ensuring secure wallet integrations for smooth deposits and withdrawals was a critical challenge.
Solution: Integrated multiple crypto wallets, enabling secure, instant transactions in various cryptocurrencies, and implemented real-time wallet synchronization for an easy user experience.

Impact

DuelNow successfully launched as a next-generation crypto betting platform, enabling trustless betting experiences globally. The solution ensured faster transactions, complete transparency, and a foundation ready for mass scaling while ensuring regulatory and security compliance.

73%

Rise in sign-ups

76%

Boost in betting activity

85%

Improved user retention

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