As a peer-to-peer decentralized network, MEVU allows people to bet on anything, anytime, against anyone. Turn any situation
into a social bet; who can drink the fastest, who will win the next round of golf, or be the first to lose 10 pounds.
If your friends are not around, make new ones by finding or creating sports bets on the global MEVU network.
MEVU is bringing betting back to the basics between people. The way it was meant to be.
There are many operational, licensing, and upfront costs in starting a sportsbook. Clients are charged high fees to make up for these costs and are also forced to deal with 3rd party institutions. These institutions have wait times and fees of their own when redeeming winnings. Additionally, due to regulatory repercussions, security vulnerabilities and exploitation of personal information, players and operations both run the risk of losing their funds. Despite these issues, “The American Gaming Association estimates that $400 billion is spent each year and 99 percent of it is illegal” - Bobby Skoff
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.
To facilitate a decentralized application the MEVU smart contracts utilizes our MVU token to ensure bets are resolved automatically. The MEVU token (MVU) is an essential part of the MEVU ecosystem and economy. The main function of the MVU token is for players to stake their balance which will allow players to become oracles, and report on the outcomes of events. When oracles reach consensus, they receive service fees from the bets that are resolved.
Our team's experience stems from the businesses we have built in the financial and technology sectors. After being introduced to Ethereum in 2016 by industry leaders, we recognized the potential of bringing game changing ideas like ours to life. Since beginning work on MEVU we have become members of our local Ethereum community, and have truly become blockchain enthusiasts. We will continue to build MEVU until we have realized our vision of the future of online betting. A fully decentralized peer-to-peer platform.
If you have any questions please contact us via email.
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