LEVR Wager Declares Testnet Launch of the First Leveraged Sports activities Ebook on Monad – Blockonomi
San Jose, Costa Rica, September twelfth, 2024, Chainwire
LEVR Wager is the World’s First Leveraged Sports activities Ebook Trade, Backed by Third Earth Capital, FunFair Ventures, Massive Mind Holdings, Varys Capital and Different Main Traders
LEVR Wager, the world’s first Decentralized Leveraged Sports activities Ebook Trade, introduced the testnet launch of its decentralized platform on Monad, the ultra-high-performance EVM-compatible layer-1 blockchain.
A significant query going through the crypto sector is easy methods to onboard the subsequent billion customers by demonstrating Web3’s important benefits over Web2 and Conventional Finance. Prediction market Polymarket is among the few blockchain-based initiatives to interrupt into the mainstream, due to its apparent leisure worth and efficient utilization of blockchain on the backend, invisible to customers.
LEVR Wager acknowledges these benefits and applies them to sports activities betting, a sector that’s valued globally at greater than $100 billion and rising. Simply in time for the beginning of the NFL season, LEVR Wager will present a superior expertise by providing options comparable to leveraged betting, an possibility that permits customers to probably regulate threat and rewards. Leveraged betting, a characteristic enabled by blockchain know-how, permits customers to regulate their positions in methods that may modify each potential threat and reward, a characteristic not historically accessible in standard sports activities betting platforms.
“Monad’s unmatched performance makes it the leading blockchain for DeFi development, and sets a new standard for what developers can achieve,” stated Keone Hon, Monad Labs Co-Founder and CEO. “Decentralized networks thrive or die based on volumes and usage. LEVR Bet is one of those unique protocols that can create real value and drive mainstream users to adopt decentralized tech.”
LEVR Wager marries one of the best options of sports activities betting with Decentralized Finance, combining the acquainted Perpetuals Order Ebook DEX interface with oracles that present real-time betting odds from the highest sports activities books. LEVR Wager’s flexibility allows distinctive options, comparable to in-game marketplaces the place bettors can regulate, enter or exit positions whereas video games are in progress.
Monad has the demonstrated capability for 10,000 transactions per second with one-second block occasions and single-slot finality. Its excessive efficiency is ideally fitted to purposes like LEVR that intention to scale to hundreds of thousands of retail customers executing time-dependent duties – comparable to opening, closing and amending betting positions earlier than and through video games.
“The most successful projects in Web3 combine simplicity with speculation. In the U.S. alone, the sports betting market accounted for approximately $120 billion in wagers in 2023,” stated LEVR Founder Mr. Blue. “We are excited to integrate with Monad to use cutting-edge blockchain technology to improve the retail user experience in this traditional speculation market that has proven demand.”
LEVR Wager’s Leveraged Sports activities Ebook Trade allows customers to wager on dwell markets utilizing leverage, with quicker execution and higher odds (decrease vig). Listed below are a number of of LEVR’s key options:
- Tokenized wager positions
- Potential for as much as 5x leverage on bets
- Tradable live-game markets
- A blended charge mannequin for higher odds, and decrease vigs
LEVR beforehand closed a $2 million pre-seed funding spherical led by Third Earth Capital and Kobol Fund with backing from Hyperithm, Massive Mind Holdings, Varys Capital, Dewhales Capital, FunFair Ventures, Refrain One, L2 Iterative Ventures, Avalaunch, and others.
Sports activities bettors and DeFi customers can check out the LEVR Wager platform on Monad by signing up for the Beta: (Separate phrases and circumstances will apply to the Beta sign-up.)
About LEVR Wager
LEVR is the world’s first Leveraged Sports activities Ebook Trade, integrating one of the best options of sports activities betting with on-chain perpetual buying and selling, delivering an unmatched Decentralized Finance expertise that could be a first in each sectors. LEVR is about to revolutionize the sports activities betting panorama by introducing an unprecedented characteristic set of leveraged bets, improved odds, and in-game orderbook-based change.
Hyperlinks: Web site | Twitter | Telegram | Discord
DISCLAIMER: This press launch accommodates expressions of opinion and forward-looking statements and is issued for informational functions solely, on an “as is” foundation, with none specific or implied guarantee, health for objective or merchantable high quality. LEVR.wager will not be accessible to Members within the USA and some other jurisdiction the place Legal guidelines prohibit participation in or require licensing or registration of LEVR.wager to ensure that participation to happen or which is in any other case embargoed and/or sanctioned by the USA of America, the European Union or the UK, and isn’t accessible in any jurisdiction or to any particular person or group of individuals that are prohibited underneath the LEVR.wager Phrases and Circumstances and Insurance policies. LEVR.wager shall not be chargeable for the results of person actions, lack of capital, or system errors. Playing is inherently dangerous, and leverage poses dangers compounded thereupon. You might lose some or the entire belongings provided to the platform, and shall use the platform responsibly and at your individual threat.
Contact
Government
Patrick Brendel
C3
patrick@cryptocontent.co
Disclaimer: It is a Press Launch offered by a 3rd social gathering who’s accountable for the content material. Please conduct your individual analysis earlier than taking any motion primarily based on the content material.
