Gnosis (xDAI)
What is Gnosis Chain?
Gnosis Chain (Formally known as xDAI) is an Ethereum sidechain, boasting a very impressive 5-block time and cheap transaction fees.
What is xDAI?
xDAI is the native token of Gnosis chain.
Gnosis Chain uses a unique dual token model. The native token, xDAI, is a stablecoin pegged to native DAI 1:1, it is also used as the gas token to pay for transaction fees. Bets are placed in xDAI on Gnosis and xDAI is also used to pay transaction fees.
Where can I get xDAI?
Fiat to xDAI
You can buy xDAI using fiat directly on bookmaker.XYZ using the funding tab.
This is facilitated by Mt.Perelin which lets users buy, and sell crypto, directly with a credit/debit card without the need for KYC.
DEX (Decentralized Exchange)
You can swap an existing cryptocurrency to USDC using a DEX. You can do this directly on bookmaker.XYZ by using the funding tab.
We have integrated 1Inch for swapping.
Bridge
The second, and probably the easiest option for most crypto-savvy users is to use a bridge. A bridge involves "bridging" an asset from one chain to another. Bridging from BSC <> Gnosis, Polygon <> Gnosis, Ethereum <> Gnosis.
You can bridge directly from within bookmaker.XYZ by using the funding tab.
We use Hop Protocol to facilitate bridging. Hop supports bridging from Ethereum, Arbitrum, Optimism, and Polygon.
xDAI Faucet:
If you need a small amount of xDAI to process your first transaction. There are a couple of faucets available that will give you a small amount of xDAI for this purpose. https://poa.gitbook.io/xdai/for-users/get-xdai-tokens/xdai-faucet
Want to learn more?
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