METEORITE NETWORK: Is A Hold-To-Farm Defi Protocol:

Odinigwe Francis

About the Meteorite Project:

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, Meteor bet. Meteor bet is the first cryptocurrency sports betting platform to support meteorite betting on major sporting events and has a chance to win several meteorite tokens. A 1% fee is charged and distributed to token holders on every transaction made in the ecosystem. Every product built under the network will support using $ Meteor, thus creating more uses cases for tokens. Meteor bet is a sports betting platform for decentralized finance that allows $ Meteor wagers on major sporting events and has a chance to win several meteorite tokens.

In addition, increased investment by various sports organizations in marketing and promotion activities has led to increased investment by betting company large in providing sponsorship for sports teams around the world. Thus, the increasing commercialization of sporting events is considered a key factor that is expected to positively impact the market growth over the next five years. Increasing consumer expectations leads to constant participation of major market players in the form of partnerships, collaborations, agreements and R&D for launch multiple platforms to meet rising consumer expectations. METEORBET creates a bridge between sports and Defi space to meet these growing expectations and demands. Investors will have the opportunity to stake $ Meteor on METEORBET and are entitled to win an amount of $ Meteor as a prize. to expand the prize money and currency staked supported at METEORBET, partnerships will be created with other projects to bring in tokens and their communities.

WHAT IS METEORBET?

Meteor bet is the sports betting platform for decentralized finance, allowing 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 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 has 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.

HOW METEORBET WORKS: