Meteorite Network - Betting on Major Sports Events

Introduction

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 government-backed fiat currencies, DeFi creates decentralized financial instruments that are separate from traditional centralized institutions.

Most of the DeFi platforms are in the form of decentralized applications, 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, since dapps are governed by computer code, which is inherently neutral, there is no problem of bias.

Thus, 'Increasing consumer expectations have led to the continuous participation of major players related to sports betting and the development of various platforms to meet increasing consumer expectations. Therefore, METEORBET creates a bridge between sports and the Defi space to meet ever-increasing expectations and demands.

Advantages:

In the event that you are hoping to take the action from wagering with your home countries money to wagering with Crypto cash then it is imperative to comprehend what you are doing, and the contrasts between the two.

Here are various benefits with wagering Meteor crypto. The first is that you can stay mysterious when you are depositing assets with. The solitary data that is sent with your deposit is the monetary assets, your very own subtleties or the subtleties of your account are not sent across. This is extraordinary information for the individuals who might want to stay mysterious when betting on the web, Crypto-currency allows you to do this with your bookmaker.

Another advantage of this cryptographic money wagering is the quick and free deposits that are on offer. Some installment strategies with customary bookmakers can set aside effort to measure, while when you send cash from your wallet with Cryptocurrency, the installment is made in a flash and the assets are accessible for you to wager with quickly.

It is additionally essential to take note of that the deposits you cause will be for nothing out of pocket, while for certain assuming you are changing over money, you might be charged an expense for doing this. Withdrawals are likewise advantageous to do utilizing Crypto-currency.

HOW DOES THE METEORBET SYSTEM WORK?

There are three major operations in the system; Deposit, Withdrawal and Transfer. To access the features of
Meteorbet, users have to first create an account to interact with the system.

TO CREATE AN ACCOUNT

Click on the SIGN UP button on the home
screen.
Fill in required information and submit.
Fill in code sent to email address.
The system automatically creates a unique betting
wallet for every user.

TO MAKE A DEPOSIT

Click on the “OPERATIONS” button on the menu bar
and select “DEPOSIT MONEY” from the drop down menu
that appears.
Click on deposit.
Enter amount and submit.
Click on “Pay Now”.
Follow the instructions that pops up and send meteorite
to the address provided. Enter transaction hash and
amount of tokens sent and click on the “pay now” button.

TO WITHDRAW/TRANSFER FUNDS

Follow the same procedure as the deposit
operation and select withdraw money/transfer
money.

TO PLACE A BET

Click on “TOURNAMENT” and choose
whichever sporting activity you would like to
place a bet on.

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