Teepheh: MEVU: BLOCKCHAIN BASED GAMING APPLICATION

In the sporting sector currently, problems of traditional centralized sports books are really hindering the improvement of the system, in the sense that regulations doesn’t allow companies many forms of marketing in top countries around the world despite getting licenses in every jurisdiction they operate in very expensive fees. These expensive licenses thereby are inflicted a negative name as such, casting doubts in the trust aspect, another issue is the one of sports books giving poor satisfaction and convenience level to players, which discourage users. The situation whereby the initial capital needed to support user bets is prohibitively high has also proven to be a major setback as these high costs causes sports books to charge high fees from its users so as to make satisfactory profit, the fee is usually between 10–15% which will never be at an advantage to players. The aforementioned problems are hampering the growth of the system even though it is in a little way because despite these, the sector gains exorbitant profit yearly. The platform which will be briefly discussed has come with the solution to minimize and eradicate these problems.

MEVU PLATFORM

meVu is known as a decentralized peer-to-peer (P2P) application that pairs players who reaches an agreement to odds on a given bet that can either be centred on a sporting event or custom bets on anything with two possible outcomes by the users. Since the platform is blockchain based, it operates on full transparency by an open-source smart contract that creates a secured escrow viewable to all, as such, allowing players to monitor their Ethereum cryptocurrency “ETH” throughout betting process step by step or as they wish. This particular feature allows the instant payout of ether automatically and securely as soon as the winner is announced. meVu offers users maximum speed as it has the ability to drastically reduce time of waiting of traditional sports books and also offers minimum fee reduction to as low as two percent since it doesn’t involve a third party.

meVu TOKEN

MVU is the official token of the meVu platform, as it has a host of utilities such as offering users opportunity to compete on exclusive discounted games, also claiming referral rewards. The token also gives holders right to participate in monthly lottery and Report results of sports games by reaching consensus. These are the little amongst the token utilities.