LEVR Bet Announces Testnet Launch of the First Leveraged Sports Book on Monad
The post LEVR Bet Announces Testnet Launch of the First Leveraged Sports Book on Monad appeared on BitcoinEthereumNews.com.
[PRESS RELEASE – San Jose, Costa Rica, September 12th, 2024] LEVR Bet is the World’s First Leveraged Sports Book Exchange, Backed by Third Earth Capital, FunFair Ventures, Big Brain Holdings, Varys Capital and Other Major Investors LEVR Bet, the world’s first Decentralized Leveraged Sports Book Exchange, announced the testnet launch of its decentralized platform on Monad, the ultra-high-performance EVM-compatible layer-1 blockchain. A major question facing the crypto sector is how to onboard the next billion users by demonstrating Web3’s significant advantages over Web2 and Traditional Finance. Prediction market Polymarket is one of the few blockchain-based projects to break into the mainstream, thanks to its obvious entertainment value and effective utilization of blockchain on the backend, invisible to users. LEVR Bet recognizes those advantages and applies them to sports betting, a sector that is valued globally at more than $100 billion and growing. Just in time for the start of the NFL season, LEVR Bet will provide a superior experience by offering features such as leveraged betting, an option that allows users to potentially adjust risk and rewards. Leveraged betting, a feature enabled by blockchain technology, allows users to adjust their positions in ways that can modify both potential risk and reward, a feature not traditionally available in conventional sports betting platforms. “Monad’s unmatched performance makes it the leading blockchain for DeFi development, and sets a new standard for what developers can achieve,” said 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 Bet marries the best features of sports betting with Decentralized Finance, combining the familiar Perpetuals Order Book DEX interface with oracles that provide real-time betting odds from the…
Filed under: News - @ September 12, 2024 4:29 pm