Mevu Decentralized : Peer-to-Peer Bet Platforms.
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 uses smart contracts on the Ethereum block to transparently and transparently store the players' funds and information, providing players with the confidence that their bets will be performed reliably and quickly. MEVU makes bets on the fan, promotes competition by comparing players against each other instead of an impersonal bookmaker. Players can set their odds and bet from virtually nothing. Reducing the costs of traditional sports bookmakers and third parties, MEVU players enjoy a historically low rate of 2%. Thanks to this, you can use MEVU as a platform for safe and interesting rates.
VISION
meVu aims to become the most revered global platform made exclusively for players to bet anything, anytime against anyone. We 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 sportsbooks/Esports 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.
WHY MEVU ?
- Blockchain increases transparency and security
- Quick, automatic payouts with historically low fees
- Eliminates 3rd party gouging
- Minimises regulatory interference
- Global leaderboards foster competition
MEVU SOLUTION
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 viewable. 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. Our 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 foundational layer is the Ethereum blockchain on which a network of smart-contracts run upon. The meVu team will retain ownership over some of these smart contracts to control some aspects of the application such as which events will be supported by oracles, the registration of verified oracles and the ability to tweak a few important variables which may need adjusting. The rest of the smart-contracts will be owned by a central contract not visualized. Operating above the Ethereum Virtual Machine (EVM) layer are the traditional back-end components to any web service. These servers will hold application data to expedite front-end operations as well as the minimum required amount of user information to ensure no user is able to pose as multiple people. Finally, the top layer is the user interface where players can actually browse events and place bets. At launch this interface will be a web-browser application, a mobile version is planned for a later release.
For more information about this project visit :
- Website : https://www.mevu.bet/
- Whitepaper : https://www.dropbox.com/sh/irhmw1y7wj3b2tn/AAAdoYYsNUqTctBkh8TdrYgCa?dl=0&preview=meVuwhitepaper+-+English+-+Original.pdf
- Telegram : https://t.me/mevubet
- Twitter : https://twitter.com/mevu_bet
- Facebook : https://www.facebook.com/betmevu/
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2038051
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