Introduction

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Sports is undoubtedly one of the most discussed, most used and most practiced topics. But it has not yet finished breaking into the world of cryptocurrencies and much less through DeFi. For this reason today I bring you a new project called Meteorite Network (https://meteorite.network/) that is based on blockchain technology and that through smart contracts aims to create a new world of sports linked to decentralized finance.

Definition

It should be said that Meteorite Finance has just launched its first product called Meteorbet. METEORBET has been designed to create a bridge between sports and the defi space to meet this growing expectation and demand for sports betting in the cryptocurrency world, so that the user will be able to bet their cryptocurrencies on any sport and be rewarded if they get the result right in $METEOR, the METEORBET token.

How does it work?

As a first case, the Meteorite Finance team has already created its first use case in the form of sports betting. As mentioned before, Meteorbet has been launched as a decentralized finance pra sports betting platform that allows $Meteor bettors to place bets on major sporting events through their cryptoassets.

Bounty program

For more information about the project, you can visit and read their WhitePaper available here (MeteoriteNetwork_WP). You can also stay tuned in their official Telegram Channel (https://t.me/Meteoritenetwork). I hope you liked the post and soon I’ll send you new ones.

Token details

Roadmap

Social Media Links

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Author Details

Bitcointalk username: adriaparcerisas

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482

Ethereum wallet: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad

Bitcointalk Proof of Authentication link: https://bitcointalk.org/index.php?topic=5331064.msg57101333#msg57101333

Ph.D. ML and AI | Blockchain Technology and Cryptocurrency Expert

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