MEVU, an innovative Ontario-based blockchain startup is looking to solve all of these problems with their new peer-to-peer decentralized betting platform. In essence, MEVU will give gamblers a safe and secure way of betting on anything, from who can run faster to a sporting event. Beyond that, all odds are determined by the two parties betting and then safely collected and paid out directly on the platform. For players with a more adventurous and competitive appetite, the platform can also match players that may not have a bet in place. MEVU uses smart contracts on the Ethereum blockchain to immutably and transparently store players funds and information, providing players with confidence that their bets will be executed securely and quickly. MEVU makes betting fun, fostering competition by matching players against each other instead of a faceless bookie. Players can set their own odds, and bet on virtually anything. By cutting costs of traditional sportsbooks, and 3rd parties, MEVU players enjoy a historically low 2% fee.
Our platform pairs people to compete against each other, removing the need for me 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.
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. The meVu brand is focused on bringing betting back to its basics, between people, the way it was meant to be.
MVU APP TOKEN
Projections are on bets that are settled by oracles. The average player between the ages 18–34 bets approx. $3220 a year on sports. Charts below estimate how much revenue, meVu, Oracles, and the Lottery fund acquires depending on the users active on the platform. The meVu token (MVU) is an essential part of the meVu ecosystem and economy. The major utilities available to meVu token holders are
*Reporting the results of sports games by reaching consensus
*Competing on exclusive discounted games (pooled and the future additioin of mini games)
*The right to participate in monthly lottery
*Claiming referral rewards
*Competing on exclusive discounted games (pooled and the future additioin of mini games)
*The right to participate in monthly lottery
*Claiming referral rewards
HOW TO GET TOKENS
- Fulfilling oracle services
- From another player via transfer
- Claiming referral and ranking rewards
- Staking and winning tokens in exclusive games
- Sending ETH to MVU creation contract during ITO
FUTURE FEATURES
meVu will continuously look to improve the platform while sticking to our key model and vision. Adding the ability for a user to be able to message their opponents will be a priority. Chat fosters more competition through banter while adding flexibility by allowing players to negotiate better odds for a bet. A rematch and challenge option will be implemented along with the chat addon as it easily allows users to continually compete against a trusted opponent and double down on their bets. To allow for more flexibility and control the feature to “opt out” of a bet prior to Oracle reporting period will be implemented. A player will have the option to send a cancellation request, and if the opponent accepts, the contract will become void. The user who requested the cancellation would pay the “gas” transaction cost.
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