MEVU ONLINE GAMING

opeyemi321 (9)in #gambling • 6 years ago

INTRODUCING MEVU

Online gambling is wagering something of value on the outcome of an event such as sports betting and lotteries, the market is vast and estimated to reach 52 billion dollars this years alone and has been doubling since 2009 – Mevu platform is allowing you to find peers who are interested compete with you globally.

WHAT IS MEVU?

Mevu is a decentralized, peer-to-peer gaming application that will allow players to test their skills and compete individually or in pooled games. meVu allows players to create custom social bets or bets predicting the outcomes of popular sporting events, including but not limited to: European and American Football, Baseball, Hockey, Basketball, MMA and Boxing. meVu is innovating in the online betting space by facilitating competition between players, testing their skill and knowledge against other people, not a faceless casino or bookie.

Mevu is utilizing the power of blockchain technology to allow peer to peer bets in a transparent and secure way to bet against your friends – the platform guarantees security and your money is safely secured on the blockchain which allows quick and timely payments. The platform has lower fees compared to traditional and other blockchain based bets wagering platforms – due to its peer to peer transaction fees are reduced due to the elimination of third parties allowing you access to 100% of your winnings.

The Vision

meVu aims to become the most revered global platform made exclusively for players to bet anything, anytime against anyone. They envision a time when a common phrase could be “Let’s meVu bet!” meVu will initially focus on custom/social and sport head-to-head bets, but will quickly expand to add multi-bets in which multiple players can take the complementary position against a single larger bet. meVu will add exclusive features for our token holders to participate in pooled bets on sports games and provably fair casino style games in which they use the MVU token to play. Finally our API is already in development, allowing existing sportsbook/e-sports wagering sites to use our contracts.

The meVu brand is focused on bringing betting back to its basics, between people, the way it was meant to be. Putting control and power back in the player’s hands, we want to foster competition with global leaderboards while heightening the thrill and excitement of betting against other players as opposed to sport bookies.

The Problems

Legalized and regulated sports books enjoy marketing in mainstream channels; however, in order to do so, sports books need to get expensive licenses in every jurisdiction they operate in. Despite paying for these licenses, regulations still prohibit companies from many forms of marketing in the USA, Canada, and Asia. These licenses tend to have a negative reputation and don’t inspire much trust as there are other cases of sports books treating their players poorly and never paying out the winnings. 41% of Americans say they’ve won a bet that’s gone unpaid.

Another downfall to traditional sports books is that the initial capital required to support user bets is prohibitively high. The recommended minimum is to have no less than $300,000 with 1 million being the benchmark, and a safer estimate in order to support bets properly.

These costs cause sports books to charge high fees, typically between ten and fifteen percent, in order to generate a profit. Alternatively, companies open of shore online sports books which operate in a legal grey area, but the US government is notorious for prosecuting these types of enterprises.

In summary, there are many operational, licensing and upfront costs to starting a sports book. Clients are charged high fees to make up for these costs and are also forced to deal with 3rd party institutions who have wait times and fees of their own when redeeming winnings. Users are also forced to trust these third-party institutions with their information and funds.

The majority of these sports books exist in a legal “grey” area in order to operate and tap into large betting markets, i.e., USA, Canada, Asia. Players and the operations both run the risk of losing their funds due to regulatory repercussion, security vulnerabilities or exploitation of identity and information. Despite these issues, the online gambling market, both regulated and unregulated, is estimated to be worth at least a trillion dollars per year.

The Solution

As said earlier, meVu is a peer-to-peer, decentralized application that matches players who agree to odds on a bet. These bets can be centred on a sporting event or users can create custom bets on anything with two possible outcomes. Running on the Ethereum Virtual Machine, meVu’s open-source smart contract creates a secured escrow that is publicly view able. This allows players to follow their Ethereum cryptocurrency “ETH” throughout every step of the betting process. Creating peace of mind that once the winner is determined the Ether will be paid out quickly, securely and automatically. All funds are held within a contract on the blockchain and no individual, company or government can interfere with the payout. meVu virtually eliminates the risk of hacking and regulatory interference as there is no single point of failure in a blockchain network. By clearing payouts on Ethereum, meVu can cut the waiting times of traditional sports books while reducing fees from 10 percent to as low as 2 percent because it is never processed by a bank or any 3rd party institution.

The platform pairs people to compete against each other, removing the need for meVu to fund and back bets. Disputes between players on supported sports games are sent to Oracles who are incentivized to reach resolution through consensus. Furthermore, reputation systems and leaderboards foster the spirit of competition and deter malicious behaviour.

The Advantages

Healthy Competition

MEVU offers a healthy competition where there is no hacking system like traditional platforms. If you are tired of losing betting, then come on to MEVU .it offers really a healthy competition with the decentralized peer-to-peer system.

Peer-to-Peer Betting System

MEVU offers a peer-to-peer bet. It can be used for two friends who can bet on any outcome. By using this smart social app people who like to promote competitive relationships can be done with promoting competitive relationships through its peer-to-peer bets.

Token Details

Token : MVU

Platform : Ethereum

Standard : ERC20

Quantity: 104,800,000 MVU

Price: 1 MVU = 0.44 USD

Private sale — May 21-June 16

Pablic sale -10 September-22 October

Payment: ETH

Soft cap: $ 2,000,000

Hard cap: $ 24,000,000

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