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.
- Peer-to-peer decentralized network, that allows people to bet on anything, anytime. - Automatic payouts with low fees. - Eliminates 3rd party. - Global leaderboards foster competition.
January &February 2018
Attention. There is a risk that unverified members are not actually members of the team
$2 450 000
$69 371 023
$4 461 560
Project strong sides: detailed understanding of market, of customer profile and advantages of product to existing competitors Project weak sides: there are no business plan, no clear marketing strategy, no MVP presented – there is existing only conception, not more. And no clear information about team members previous achievements.
SummaryTo conclude, MEVU is the future of decentralized betting. While it does have competition, they aren’t able to meet up with its versatility (1-on-1 betting, sports betting, etc.). Overall, we are proud to see how this ICO will end up in the near future.Positives Decentralized Betting: You can bet on anything with MEVU, and you don’t have to wait for a bookie to approve your bet. Open Community: MEVU has a growing community where users can make friends and conduct betting competitions against each other. Security: Since its made on Ethereum’s blockchain, it’s virtually impossible for hackers to breach and destroy your betting results. Negatives Betting Issues: How will MEVU help prevent betting issues that can potentially happen on its network?
There are two key aspects to any ICO when judging its capacity to attract the kind of mass user base to make its product a success: concept and execution.
We have pointed out before in previous reviews that execution is exceedingly difficult to judge, particularly for projects like these which, by definition, remain at a very early stage in their development, and we therefore generally refrain from doing so.
With respect to the concept itself, however, we feel that the team here has come up with something that i) makes for a perfect blockchain fit, and ii) through its personalisation by means of avatars as well as its focus on social interaction, we feel there is the foundation here for the kind of proposition that sees the blockchain era introduce its own Betfair equivalent.
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