Overview

A decentralized, peer-to-peer wagering platform using smart contracts on the Ethereum blockchain.

Project stage

Only a whitepaper

Detailed description

As a peer-to-peer decentralized network, MEVU allows people to bet on anything, anytime, against anyone. Turn any situation into a social bet; who can drink the fastest, who will win the next round of golf, or be the first to lose 10 pounds.

If your friends are not around, make new ones by finding or creating sports bets on the global MEVU network. MEVU is bringing betting back to the basics between people. The way it was meant to be.

Problem

There are many operational, licensing, and upfront costs in starting a sportsbook. Clients are charged high fees to make up for these costs and are also forced to deal with 3rd party institutions.  These institutions have wait times and fees of their own when redeeming winnings.  

Additionally, due to regulatory repercussions, security vulnerabilities and exploitation of personal information, players and operations both run the risk of losing their funds.  Despite these issues, the American Gaming Association estimates that $400 billion is spent each year and 99 percent of it is illegal

Solution

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. By cutting costs of traditional sports books, and 3rd parties, MEVU players enjoy a historically low 2% fee.

Features

  • Blockchain increases transparency and security
  • Quick, automatic payouts with historically low fees
  • Eliminates 3rd party gouging
  • Minimises regulatory interference
  • Global leader boards foster competition
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : MVU
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :104,800,000 MVU
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :60,000,000 MVU
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Oct 22, 2018

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Funding Team: 18-month holding period
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      10 Sep 08:00 UTC
      22 Oct 00:00 UTC
      0.34 USD No - Uncapped 45,000,000 MVU
      Pre-sale — Ended
      22 Jan 00:00 UTC
      03 Feb 00:00 UTC
      0.05 USD No - Uncapped Uncapped
      Public sale

      The  first  week  of  the  sale  will  be  the  largest  discount  rate  and on September 10th at  8am  Est  MVU  will  be  available  at  a  rate  of  1  MVU  to  34  Cents  USD. On  September 19th,  the  price  of  MVU  will  begin  to  increase  linearly by  half  of 1  Cent  per  day  until  it  reaches  44  Cents  USD.    

      Read more about vesting and bonus
      • Team

        • Kelvin Coelho photo
          Kelvin Coelho
          Co-Founder, Project Lead
        • Tim McCulloch photo
          Tim McCulloch
          Co-Founder, Technical Lead
        • Housan Ali photo
          Housan Ali
          Full Stack Dev
        • Alex Cabral photo
          Alex Cabral
          Sport & Marketing Business Dev
        • Danny Kong photo
          Danny Kong
          Blockchain Dev
        • Nathan Knight photo
          Nathan Knight
          Blockchain & Back-End Dev
        • Tucker Robinson photo
          Tucker Robinson
          Marketing & Social Media
        • Tamara Soboljevski photo
          Tamara Soboljevski
          Marketing
      • Advisors

        • Ian Scarffe
          Blockchain & ICO Advisor
        • Jared Polites
          PR Advisor
        • Nathan Christian
          ICO Advisor
        • David Drake
          ICO Advisor
        • Kyle Kemper
          Strategy Advisor
        • Lucas Cervigni
          ICO Advisor
        • Rick Tapia
        • Jared Polites
          PR Advisor
        • Dennis O'Neil
          ICO Advisor
        • Bobby Barone
          Community Advisor
        • Jason Coles
          Marketing Advisor
        • Daniel Graetzer
          Online Gaming Advisor
        • Mike Arsenault
          Startup Advisor
        • Stuart Sullivan
          Technical Advisor
        • Victor Bigio
          Online Betting Marketing Advisor
        • P.B Stanton
          Cryptocurrency Law Advisor

      Roadmap

      • Oct 2017

        Whitepaper and official Sponsor announcement

      • Dec 2017

        ITO announcement

      • Feb 2018

        Invite-only beta for Superbowl LII

      • Jun 2018

        Open beta for FIFA World Cup

      • Sep 2018

        Final launch, Adding MVU token pooled functionality

      • Dec 2018

        Casino probably fair games and opt out functionality

      • Feb 2018

        Chat addon and rematch features

      Activity