MeVu - INTRODUCING A DECENTRALIZED PLATFORM ON THE ETHEREUM BLOCKCHAIN



Do you know somwbody who is always looking for a thing to bet with his or her friends? Or maybe you are such kind of a person? If at least one of this sentence is true, this post is just for you to enjoy and to use.
I am going to tell you about a wonderful and amazing platform, I have never seen something like this before. With its help you can make bets with even more fun, meet new friends and conpare your results with others.
This is Mevu — a decentralized huge network which let people bet on anything they choose, whenever they choose and wherever they choose. You can bet who is better drinker, who is better golf or football player, who is going to lose weight first and so on and so forth. 
When you register in Mevu, you will have a chnce to find a lot of people to compete with all over the world. Mevu is based on blockchain technlogy, which guarantees you transparency and absolute security — you can be sure that your money will stay with you and you will always get you payments quick and in time. 
Extremelly low fees and impressive speed is the result of elaminating any kind of intermediaries and third parties — no one will ever be on your way to the victory!

Reasons We Choose Blockchain

We designed this platform to run using blockchain technology as the basis for our platform development. Because from the first appearance, blockchain comes with the offer of fast and secure online transactions and supports all types of data and cryptocurrency. 
Blockchain technology uses a system, where every transaction is recorded and can not be changed forever, so transaction security and transparency can be maintained and reduce the chance of cheating data.
We prefer to use Blockchain technology because this technology is more secure than ordinary technology today. Unlike conventional technology, Blockchain technology does not require a third party, so it's safer and cost-effective. When data is recorded, it will be stored forever and can not be changed. 
As this project is decentralized, you will not be interfered and nobody will have a right to cntrol you and your actions on the platform. Enjoy betting with your old and new friend without needless regulation!  
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. 

THE RISING TRENDS IN IMPACTING SPORTS BETTING MARKETS

There are four (4) important trends that drives the global sports betting market and this is according to Technavio media and entertainment research analyst and they are:
• An increase in the availability of cash alternatives. (Cryptocurrency).
• A rapid rise in the population of younger audience who are interested in online sports. (A decreased average age of within 45 to 38).
• An increased level of penetration of available credit and debit card.
• There is as well a shift in the habits of consumers who gamble (this will ensure easy access to the internet in mobile devices).

THE PROBLEMS ASSOCIATED WITH THE AVAILABLE TRADITIONAL CENTRALIZED SPORTS BOOK

These available legalized and regulated sport book usually enjoy marketing in the mainstream channels, in a bid to do so, sport books have to obtain expensive licenses in every jurisdiction from which they operate.
There is a very high level of charged fee on clients, which is believed to make up for cost, they as well forced to transact with 3rd party institutions who will have to waste their time as well as their fees in order to redeem winnings. 

AVAILABLE SOLUTION BY MEVU

Mevu is going to be a peer-to-peer decentralized application that will be able match players who will agree to odds on a bet. These bets will be centred on a sporting event or users who will be able to create custom bets on anything with two possible outcomes.
Mevu will run on an Ethereum Virtual Machine, this open-source smart contract will be able to create a secured escrow which will be viewable by the general public, this process will allow players to follow their Ethereum cryptocurrency throughout every step of the betting period.
All funds are going to be held safely within a contract on the blockchain and there will be no individual, company or government that will be able to interfere with the payout.
Mevu will definitely have no case of hacking and interference, since there is no point of failure on the blockchain.
The platform will pair individuals to compete against one another, thereby taking off the need for meVu to fund and also back bets.
The availability of reputation systems and leader boards will also increase the spirit of competition and also be able to get rid of malicious behaviour. 

THE SALE OF TOKENS

meVu will comprise of private and public ITO’s.
meVu will re- open a private resale around the period of 14th May and it will run until it gets to a hardcap of 15MM MVU tokens, it can also stop on the 16th of July, depending on whichever one comes first.
The funds which will be obtained during the private sale will be used as explained below:
  • The marketing sale will have 42%.
  • Consulting/outsourcing will have 11%
  • Legal counsel will have 12%.
  • Development will have 35%.
The public sale will begin on the 10th of September 2018 and it will run until 22nd of October, 2018.
The primary goal will be to distribute MVU globally so that it can promote a fair and an effective platform. The token will be made available to interested parties in every stage at different prices, points and this will depend on when the tokens will be required.
The highest discounted rate will occur during the first week and it will begin on the 10th of September by 8am Est MVU will be made available at a rate of 1 MVU to 34 Cents USD.
On the 19th of September, the price of MVU will start increasing linearly by half of 1 cent per day until it gets a level of 44 Cents USD.
This sale will get to a hard cap of 45MM MVU tokens, immediately this level is reached, additional sales will be disabled.A total of 44 will be made available.
3.6MM MVU will be kept as reserve for referral and ranking rewards.
2MM will be kept as reserve for bounties.
An addition of 6MM will be kept as reserved for the advisory team.
2MM MVU will be allocated to the funding team which will be subjected to an holding period of 18 months, this will be paid out quarterly as a long-term incentives to meet the milestones which will be laid out on the road map.
The User adoption fund will have 4.6 MM MVU allocated to them.13 MM MVU will be left reserved for partnership.
The remaining 13 MM MVU will go to treasury. The available tokens will be claimable at the end of the sale by October 22nd 2018.
The fund which will be raised during the period of the public ITO for the MVU token will be used as follows:
  • The marketing/ sales will have 65%.
  • The legal counsel will have 6%.
  • General administration and accounting will have 7%.
  • Consultants/outsourcing will have 7%.
  • Development will have 15%. 

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