METEORITE FINANCE is a “Hold-to-farm” Defi protocol that rewards each holder with a proportion of the cost of each transaction made in its ecosystem. Meteorite finance, has just released its first product, Meteorbet. meteorbet is the first cryptocurrency sports betting platform to support meteorite betting on major sporting events and has a chance to win a number of meteorite tokens.
on every transaction made in the ecosystem, a 1% fee is charged and distributed to token holders.
Every product built under the network will support using $ Meteor, thus creating more use cases for tokens.
meteorbet is a sports betting platform for decentralized finance that allows $ Meteor wagers on major sporting events andhas a chance to win a number of meteorite tokens.
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and illegal, underground cockfighting.
The global sports betting industry reaches a market size of 203 billion US dollars in 2020. In this industry, there are around 197 thousand employees with a total of nearly 31 thousand businesses. The market is also poised to grow due to the increasing popularity of international sporting events around the world coupled with the increasing popularity of high-end sports like cricket, soccer, baseball. It has gained a lot of traction in recent years, which has led to a decent increase in sponsorship for clubs, teams, players.
How Meteorbet works:
There are three main operations in the system: deposits, withdrawals, and transfers.
•Create an account
- Click Register on the main page.
- Fill in the information and submit it.
- Enter the code that was sent to your email address.
- The system will automatically create a unique betting wallet for each user.
• Make a deposit - Click the Operation button on the menu bar. and select "Deposit Money" from the dropdown menu.
2.Click "Deposit". - Enter the amount.
- Click Pay Now.
- Follow the instructions that appear and send the meteorite.
- At the specified address, enter the transaction hash and the number of sent tokens and click the "Pay now" button.
Meteorite Tokenomics
● USECASE: MeteorBet (Online SportBetting Platform)
● Meteorite.network: METEOR
● 15,000 Meteor: Total Supply (No Minting)
● Circulating Supply: 14,500
● 3750 Meteor: METEORBET POOL (25%)
● 450 Meteor: Team Token (3%)
● 1500 Meteor: Marketing (10%)
● 40 ETH: Soft Cap
● 75 ETH: Hard Cap
How does Meteor Token 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.
Meteor investors will have the opportunity to stake Meteor on the METEORBET platform and are entitled to win a number of Meteor tokens as prizes. To expand the rewards and staking currencies supported on Meteorbet, partnerships will be created with other projects to bring their tokens and communities. METEORBET continues to add more options. We hope the traffic continues to increase. It is looking for more Crypto betting options, expanding to eSports games, and of course the NFL. Hope this helps you to bet sports on blockchain and gather information about Meteorite and Meteorbet.
For more information
WEBSITE: https://meteorite.network/
TWITTER: https://twitter.com/Meteorite_net
TELEGRAM GROUP: https://t.me/Meteoritenetwork
MEDIUM: https://meteorite.network/#
INSTAGRAM: https://meteorite.network/#
AUTHOR
Username : KenzoKen
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2961513