viewMetaverse Capital Corp

Metaverse Capital says first round of its MVU sports betting token offering set to begin on Monday

MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts

Blockchain graphic
MVU is a proprietary digital asset belonging to the meVu sports betting platform

Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF), formerly Global Blockchain Mining Corp, revealed that the first round of its previously announced initial exchange offering (IEO) for blockchain group MeVu Inc is set to begin on June 10.

MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts to establish and resolve bets.

READ: Metaverse to administer crowdsale for Canadian Bitcoin miner on Hyperion Exchange

The offering of the MVU digital tokens will be carried out in four rounds. Below are the details.

  • First round: 7 million MVU at US$0.09 (with a hard cap of US$630,000)
  • Second round: 8 million MVU at US$0.10 (Hard cap of US$800,000)
  • Third round: 20 million MVU at US$0.11 (Hard cap of US$2.2 million
  • Fourth round: 20 million MVU at US$0.12 (Hard cap of US$2.4 million)

Participants of the first round can benefit from purchase bonuses of up to 40%, FORK noted.

"Now that legalized sports betting is widely available in the United States, the demand for it has become more and more prominent," said FORK CEO Shidan Gouran.

"The trouble is that bettors don't want to keep paying the high vigorish charged by traditional bookmakers, which is why a peer-to-peer betting model makes a lot more sense. MeVu has found a way to make that happen in a secure, low-cost manner with virtually no compromise when compared to the experience of betting with a bookmaker. We are very much looking forward to the opening of the IEO for MVU on Monday, as we help meVu into their next chapter as a disruptive sports betting platform, and a dynamic use case of blockchain technology."

For its involvement, FORK is due to receive base compensation of 222,223 MVU (or 0.212% of the total MVU supply) and up to 3 million MVU (or 2.86% of the total MVU supply) based on  the offering's performance.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Metaverse Capital Corp

Price: - -

Market: CSE
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metaverse Capital Corp named herein, including the promotion by the Company of Metaverse Capital Corp in any Content on the Site, the Company...


Global Blockchain spins out company and provides update on Ammbr partnership

Global Blockchain Technologies (CVE:BLOC)(CSE:FORK) CEO Shidan Gouran joined Steve Darling with Proactive Investors on Skype to discuss a number of things including the spinning out of one of the divisions with Global Blockchain Mining Corp entering into an asset purchase agreement with...

on 5/4/19

2 min read