Mevu: a new level of betting on the blockchain
Mevu is a decentralized blockchain betting platform. It seems that the idea is not new. But try to remember at least one working project, and Mevu, in turn, is already available now. The blockchain was chosen from the Ethereum project, which will ensure transparent and secure storage of players’ funds and balances plus the highest speed of transactions and the transfer of any information across blocks of chains.
The availability of smart contracts will provide guarantees of payments and the reliability of the rate at full. And, probably, the biggest plus that can be highlighted is that players can set their odds on any event. At the same time, using its decentralization and automated process, Mevu cuts expenses on many points, which makes it possible to reduce the percentage commission rate to enormous minimums of 2%. For general information, many bookmakers take from 10% and higher.
The process of creating a bet is very simple. First of all, it is necessary to choose a sporting competition from the extensive list, this list includes classic sports such as football (soccer), hockey, and basketball, there is also e-sports, pool, and cricket.
Next, from the list of upcoming events, you need to choose a match for which you want to bet, as far as I understand, matches are created both by the site admins and by ordinary people, that is, you can arrange the event page yourself. But only trusted users of the Mevu platform will be able to create match pages, while such trusted users will receive a certain percentage of the whole match.
Now you need to choose the side that you think will win the match plus you can mark special events with flags, for example, one or another team player will score a goal or who will be the most productive for the entire match. Events depend on the fantasy of the match page creator.
Well, and probably the most interesting thing is to choose your coefficient from the range. Yes, the player chooses the coefficient himself. The range depends on additional events and the team itself on which the bet is.
And the last item is the choice of the amount of the bet, the bet is shown in ETH, but the bet may be in other cryptocurrencies. The Mevu team decided that it would be more convenient to show in ETH. And here many agree with them.
Well, it’s time to talk about the Mevu coin itself and why it is needed on this platform. So, the miners who decide to mine MVU will help facilitate and speed up the process of determining the winners, carry out checks against fraud, and protect the platform users. As it was said that bets are made in ETH, but there will also be a reward system where you can get the MVU token and become the holder of this token and become an oracle, this is a certain status of trust on the platform.
You can also talk about the characteristics of the MVU token, namely, a total of 45 million tokens were issued, and the price per one token is $ 0.34. All unsold tokens will be burned to ensure the normal status of tokens in the market and to exclude exchange rate manipulation.
Mevu is an interesting project with a claimed product, as for me, online betting and bookmakers should switch to the blockchain technology, this will speed up and facilitate the process for all network participants. I think that Mevu will show an example and set the bar for this kind of projects, the guys from Canada are hardworking and do not give up their projects.
Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e
- Назад ICOVO: new guarantor for blockchain projects
- Вперёд Asobi Coin: an innovative e-marketplace on the blockchain