•EXPLANATIONS•
Decentralized finance, also known as DeFi, is a fast-growing sector of the cryptocurrency industry. While cryptocurrency coins create a decentralized store of value separate from any government-backed fiat currency, DeFi creates decentralized financial instruments separate from traditional centralized institutions.
Most DeFi platforms take the form of decentralized apps, known as dapps. These dapps use a series of smart contracts to automate financial transactions, making them faster, more efficient, and often more affordable than their centralized counterparts. Likewise, because dapps are governed by computer code, which is inherently neutral, there is no issue of bias.
What is meteorite ?
The Meteorite Network is a hold to farm Defi Protocol on Ethereum Blockchain, which uses Meteor as the native currency. On every transaction made on the Meteorite network, 1% is charged and distributed to token holders. Every product built on a network support use of Meteor token creating more use cases of a token.
What is Meteorbet?
Meteorbet is the sports betting platform for decentralized finance which allows holders of Meteor tokens to place a bet on major sporting events and stand a chance to win a set amount of Meteor tokens.
The global sports betting industry reached a market size of more than 200 billion U.S. dollars last year. The market is also poised to grow on account of the rising popularity of international sports events around the globe coupled with the increasing popularity of high-end sports such as cricket, baseball, soccer which leads to a decent increase in sponsorships for clubs, teams, and players.
The rising investments of various sports organizations in marketing and in promotional activities have led to increased investments by major betting companies in providing sponsorship for sports teams around the globe. Thus, the rising commercialization of sports events is considered to be a key factor that is expected to positively impact the market growth during the next five years.
The rising consumer expectation have led to the constant participation of key players of the market in the form of partnerships, collaborations, agreements, and R&D for the launch of various platforms to cater to the rising consumer expectations. METEORBET creates a bridge between sports and the Defi space to meet growing expectations and demand.
Investors of Meteor will have the opportunity to stake Meteor on the METEORBET platform and stand to win a set amount of Meteor tokens as a reward. In order to expand reward and staking currencies supported on Meteorbet, the partnership will be made with other project to bring board their tokens and community.
METEORBET keeps adding more and more options we expect the traffic to continue to increase. METEORBET is looking towards more Crypto betting options, expanding into the eSports matches, and of course the NFL.
As METEORBET have the built-in ‘Hold to Earn’ system METEORBET needed to think of a way to also reward Liquidity providers. METEORBET's solution for the liquidity problem is METEORBET have agreed that Liquidity providers will now earn 60% of all the fees generated from the meteorbet.org platform. This solution will allow us to focus 100% on bringing more traffic to the platform as the more traffic we generate, the more liquidity people will provide, the more fees people will earn.
How does it work?
You will buy into the tournament with X amount of Meteor tokens, you will then select a winner for all the NFL games of that round with 1 game having a margin that you will input. Whoever has the most winning teams will win a % of the pool. In the circumstances of a tie (Multiple players have 8 winners) then whoever picks the closest margin on the game of the round will be declared the winner.
Ease of Use
The platform is as easy to access as possible. For this solution, METEORBET has come up with creating a mobile app. At the click of a button, you will be able to access the betting platform on your phone anytime and anywhere.
Tokonomics
Presale (40%) - 6000
Meteorbet Pool (25%) - 3750
Team Token (3%) - 450
Marketing (10%) - 1500
LISTING PRICE: $7
Roadmap
TWITTER: https://twitter.com/Meteorite_net
TELEGRAM GROUP: https://t.me/Meteoritenetwork
MEDIUM: https://meteorite.network/
INSTAGRAM: https://meteorite.network
Bitcointalk Profile Link:https://bitcointalk.org/
Ethereum Wallet Address: 0xa2528974866FF3A24d322ad03941
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