Traditional ways of online betting are expensive to both the sports book and its users. The user gives up control and flexibility while accepting a lot more risk than that of just losing a bet. Players are forced to trust centralized sports books which are subject to government interference, fraud and hacking due to a centralized single point of failure. This all contributes to the negative stigma that surrounds online betting.
meVu is focused on abolishing this stigma and making betting fun again by bringing it back to the basics, between people the way it was meant to be. meVu allows people to bet on anything, anytime against anyone. Custom/social bets against friends are a possibility such as; who can drink the fastest, and who will win the next round of golf. If your friends are not around make new ones by finding or creating sports bets on the global meVu network. Creating your own odds, puts control, fairness and power back in the player’s hands. Global leaderboards foster competition and up the ante while heightening the thrill and excitement of betting against other players as opposed to sport bookies. Powered by the Ethereum blockchain these bets are all on a trust-less open source network that securely pays winners completely cutting waiting times and lowering fees from 10 to 2 percent.
Co-Founder, Project Lead
Co-Founder, Technical Lead
meVu.bet is a decentralized P2P application for creating custom social bets or bets predicting the outcomes of popular sporting events using internal currency – MVU tokens.
Decentralization makes all the system more secured from hack attacks, government regulation of gambling, and organizational corruption.
Any event when two or mode bettors are disputing a result must be verified by Oracles – persons who hold MVU tokens acquired in the ITO. Payouts can be executed only after Oracles verification. MVU tokens owed by Oracles who made inaccurate reporting, will be lost.
There is no information about monthly and yearly maintenance, administrative and development expenses during activity.
Income model: 2% (0,25% to monthly lottery, 0,25% to Oracles’ reward, 1,5% to meVu) fee will charged from bet reward if both parties agreed with eventual outcome; 3% (0,25% to monthly lottery, 1,25% to Oracles’ reward, 1,5% to meVu) fee will charged if there were a dispute solved by Oracles.
Marketing strategy is based on referral program. When a referred person played his/her first competitive match, both persons will receive a reward equal USD 5. Potential number of uses at first year from referral program is, according founder’s forecasts, 50’000 persons.
There are no more details about marketing & sales channels (despite of marketing budget) in whitepaper.
There is deep knowledge of target audience in white paper. Based on open market researches, founder concluded that most interesting person is a male 18-34, married, with a household income USD 74 000 per year, living in suburbs.
No clear information, just a few words about membership in local etherium community
Advisors are live real persons I.e.related to gambling &ICO
Project was announced at September 2017, so there is only concept of it. Open beta is planned at June 2018, first launch – at September 2018
Website is bright, but contains only whitepaper in different forms. Completely no news