When it comes to sports betting, there are a number of operating costs, and additional fees are added to it before anyone bets on its possible results. In addition, players must pay high commission fees, because for this they need to deal with third-party institutions. In addition, players are also at risk of security vulnerabilities, the risk of losing funds, regulatory consequences, and so on.
Therefore, to solve such issues, MEVU came up with a solution using the Ethereum blockchain smart contract. This blockchain effectively works in the safe and transparent storage of information and player funds, and also increases the level of trust of players when it comes to betting. This solution will also contribute to a quick and safe betting method.
All about MEVU
MEVU is a blockchain application, whose niche is sport. Sports and bets on it. This application allows players to make decentralized bets (which has its advantages), and allows you to do this even in a team.
Main aspects of MEVU application
MEVU are working on a very simple and easy concept. This allows players to bet on a certain amount with certain conditions. After that, the entire process will occur as part of the creation of a smart contract and the data will be reliably recorded on the blockchain. Once the event is completed, the results will be checked by the oracles (referee). Oracles are the holders of tokens, which are initially purchased in the ICO and check the result of the game in order to receive a reward in the form of an ETH. Payouts will be awarded to winners based on player reports and Oracle verification. All transactions on the platform are carried out through an internal payment instrument, called MVU tokens.
Advantages of MEVU
The main advantages of using the platform:
It is developed on blockchain technology, which provides full transparency and security
Helps in quick, automatic payments with low fees
Limits the role of any regulatory intervention
Global Leaderboards Contribute to Competition
Vision of the MEVU
MEVU wants to become the most revered global platform, which allows players to bet on anything, at any time with anyone. MEVU initially focuses on user / social and sports betting, but they plan to expand it soon and add multi-betting where players can easily participate in an extra position as opposed to one big bet. They will also add some unique interesting features to their ICO token owners who use the MVU Tokens to play corporate bets on sports games and fair casino games. The company focuses on returning the betting system to people. By giving full control and power to the players, they want to raise competition with global leaders,
Different types of bets and commission structure on the MEVU platform
At the start of MEVU, it will only support user and social rates. These bets can be made on any event that has two possible outcomes. Both parties must be agreed on the possible outcomes, and also report the winner correctly. Upon successful completion, 1.5% of the commission will be withdrawn, of which 1% is allocated to MEVU and the remaining 0.5% is collected by lottery funds that are used for monthly payments to the occasional Oracle / MVU token holder. If in any case there are any disputes between the players, no fees are charged and all ETH will be returned, minus the cost of the gas. There is a reporting system that will be executed with the player's login to track the percentage of disputes and reputation. This will help prevent malicious behavior in various ways. Available leagues on the platform:
Basketball NBA
European football FIFA, EPL, UEFA, Laliga, Bundesliga
Hockey NHL
Baseball MLB
Tennis ATP
American football NFL
MMA UFC
International Boxing
Olympic Games Summer, Winter
In the future, the Platform will also support other leagues and sports as required.
Official links MEVU:
Official website: https://www.mevu.bet
WP: https://www.mevu.bet/#whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=2717747.0
Telegram: https://t.me/joinchat/FKcKRUwJ1_T8zMK2Lueu3A
Twitter: https://twitter.com/mevu_bet
Facebook: https://www.facebook.com/betmevu/
Official Author: incredulous
https://bitcointalk.org/index.php?action=profile;u=1249110
