Betero v1 (BTEV1) is a cryptocurrency token operating on the Binance Smart Chain, primarily used within the Betero platform for decentralised betting activities. It serves multiple purposes, including betting transactions, staking rewards, and governance participation. The project aims to enhance the betting experience by utilising blockchain technology for increased transparency and security. While the specific creators of Betero have not been publicly named, the project is backed by a team with expertise in sports betting and blockchain technology.