MeVu Adoption
It’s no surprise to anyone to say gambling is here to stay. Not only has the United states loosened a decades old law prohibiting sports betting outside of Nevada. “One research firm estimated before the ruling that if the supreme court were to strike down the law, 32 states would probably offer sports betting within five years.”— The Guardian
This scene here could be the new face of the entertainment industry in more than half of America by the year 2023. Betting itself has become so entrenched in human nature, and money itself should be free of barriers and easy to utilize in this regard.
Instead of ease of use, we have had a top down system with red tape and deterrents to the average bettor and some of the more affluent. If the federal government lifting a law prohibiting sports betting in 49 states is the next “Kentucky Derby” for private corporations. MevU is the triathlon runner that wins it, breaking the tape in the wrong sports event. This team has been hard at work on the concept of making sports betting for the people for over three years. Decentralization and loosened regulatory requirements have only been subsidiary to a movement of peer-to-peer betting.
Mevulution
The blockchain space is no stranger to the term “revolutionary”. It’s something thrown around like last weeks boxer briefs in order to describe a new way to structure data. On the surface level, it might appear that the team just simply tokenized betting but this is not case. In fact, you make your bets in ETH, because plasma cash has not been released. This gives users the opportunity to have their funds secured on all levels and keep their funds in one place.
There are over 1800 listed coins/tokens and over 12,000 markets to exchange them. — Coinmarketcap
When you want to make a bet secured by smart contracts and our oracle platform however, you don’t need to rush over to an exchange change you ETH into our token and then vice versa when you are done colleting fees along the way. Instead, you can just match, bet, and play.
Our token is supported by the nature of competition itself. More often then not, there will be a winner and a loser to every bet and we have created our token as the backbone of decision making and rewarding. MVU is your bookie, your picks, your odds, and will even throw in a few free bets from time to time with features such as a monthly lottery by just holding MVU, users get rewarded by the process of mediating bets itself.
“ Holders stake some of their token balance and attempt to reach consensus on the outcome of an event; they are compensated in two different ways for doing so. Service fees are collected in ETH from head-to-head matches and token holders (Oracles) are incentivized to be on the side of consensus as they can also be compensated in MVU tokens. Active Oracles with consensus will earn rewards even when there is no dispute and the Oracle results are not needed, however their rewards will be greater if the results are used.” — MEvU
