hopefully your days will be fun, this time we will discuss about Betting, secured by the blockchain.
The most coveted demographic for online betting and gambling is 18-34The typical sports bettor is a 30-year-old married JX\ living in the suburbs, with a household income of $74,000 a year. Among heavy bettors, 6% have an annual income of $150,000 or more, twice the number of nonbettors in the general population who make that kind of coin.14 Ann Vollano, an assistant athletic director at the University of Michigan, who co-authored a 1999 study on student-athletes and gambling found that new technology is constantly making betting more convenient and acceptable. The generation that are taking most advantage of this technology are young people aged 21 to 29. “Younger people are more internet savvy, and it’s easier for them to gamble now,” says Vollano. “They’re also more apt to take risks.” Moral qualms on betting are also fading, studies found nearly two-thirds of people in their 20s believe sports betting to be just another leisure activity and “no different” than buying a lottery ticket, while 41% see internet sports betting as “perfectly harmless”
The sports betting market occupies the largest market share in the overall gambling market. It accounts for around 40 percent of the gambling revenue generation across the globe. Technavio’s market research analyst predicts the global sports betting market will grow at a CAGR of more than 4 percent during the forecast period 2016-2020.
Global online gambling equated to $40 billion in gross gambling yield(GGY) in 2013 (up 4.4 percent from $38.32 billion in 2012) and is forecast to reach $50 billion in 2017. Online sports betting accounted for nearly 50 percent of the overall global online gambling market figure for 2013, equating to around $19.3 billion.
Because of this, a blockchain is needed to store and protect players and get transparent information so that player bets are safe. let's discuss more about the Mevu Project and the benefits of Mevu.
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.
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
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
Revolutionary underlying technology calls for an equally revolutionary user experience. Our platform has been designed from the ground up to be tailored to the unique form of betting and settlement offered by the blockchain
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 sportsbook/e-sports 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.
MVU APP TOKEN
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 byreaching consensus
- Comepting on exclusive discounted games(pooled and the future addition of mini games)
- The right to participate in a monthly lottery
- Claiming referral rewards
TOKEN SALE
ITO DETAIL
Tokens will only be claimableafter the sale ends on Dec 18th 2018.7he funds raised during the Public I7O for the MVU token will be used according to the chart shown.
ROADMAP
Our Partners
For More Information or to join ITO You can clik link below :
Author : Letty sits
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