INTRODUCTION

The meteorite network is a hold-to-farm Defi Protocol on the Ethereum blockchain and $Meteor is its network token. On every transaction made in the ecosystem, a 1% fee is charged and distributed to holders of the token. Every product built under the network will support the use of $Meteor, thereby creating more use cases for the token.

Meteorbet is a sport betting platform for decentralized finance which allows holders of $Meteor place bets on major sporting events and stand a chance to win a set amount of meteorite token.
The global sports betting industry reached a market size of 203 billion U.S. dollars in 2020. Within this industry, there were approximately 197 thousand employees in a total of almost 31 thousand businesses. 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, soccer, baseball has gained a lot of traction in the past years, which has led to a decent increase in the sponsorships for clubs, teams, players.

Moreover, the rising investments by numerous sports organizations in marketing and promotional activities have led to increased investments by major betting companies in providing sponsorships 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 expectations have 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 this growing expectation and demand. Investors will have the opportunity to stake $Meteor on METEORBET and stand a to win a set amount of $Meteor as reward. In order to expand the reward and staking currencies supported on METEORBET, partnerships will be made with other projects to bring on board their tokens and communities.

How Does METEORBET System Work?

There are three major operations in the system; Deposit, Withdrawal and Transfer. To access the features of Meteorbet, users have to first create an account to interact with the system.

TO CREATE AN ACCOUNT

1. Click on the SIGN UP button on the home screen.
2. Fill in required information and submit.
3. Fill in code sent to email address.
   The system automatically creates a unique betting
   wallet for every user.

TO MAKE A DEPOSIT

1. Click on the "OPERATIONS" button on the menu bar and select "DEPOSIT MONEY" from the drop down menu that appears.
2. Click on deposit.
3. Enter amount and submit.
4. Click on "Pay Now".
5. Follow the instructions that pops up and send meteorite
   to the address provided. Enter transaction hash and
   amount of tokens sent and click on the "pay now" button.

TO WITHDRAW/TRANSFER FUNDS

Follow the same procedure as the deposit operation and select withdraw money/transfer money.

TO PLACE A BET

Click on "TOURNAMENT" and choose whichever sporting activity you would like to place a bet on.

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