MVU Token Crowdsale
- Market OpportunityThe global unregulated betting sector is believed to be many times larger than the regulated sector, although without clear and verifiable financial reporting or official oversight, it is of course difficult to provide any precise or directly comparable data with the regulated market. Patrick Jay, a British-based independent betting expert believes the global online sports betting market is a figure close to 1 trillion up to a possible 3 trillion USD
The Purpose of the MVU Token
A decentralized result verification system is essential to the meVu platform as it protects players from the vulnerability of manipulation, fraud from subjective reporting, and certain criminal activities. MVU holders help determine the winner of sports bets by reporting the correct score.
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.
The ETH rewarded to an Oracle from reporting on an event is proportionate to the percentage of tokens they staked (based on total tokens staked and available rewards).
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.
Participating in the crowdsale will require following the steps outlined below
Add your name and ETH address to our whitelist through the portal on this page once it becomes available.
Wait for the sale to begin.
Send your ETH to the sale smart-contract.
Wait for the token claim and refund period to begin.
Claim your tokens from the refund vault smart-contract.
See your tokens in your wallet.
Contributions to the public sale will only be available to ETH addresses on the whitelist.
More detailed instructions on various methods of sale participation will be made available on our blog.