Website

BetU

ICO

Last updated: May 16, 2023

Sports, esports & crypto betting platform, secured by smart contracts & powered by the BETU token.

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Overview

Project industry	Gambling & Betting
Product type	Platform
Founded	Virgin Islands (British)
Whitepaper	Open
Onepager	Open

What is BetU

BetU will be a sports, esports & crypto betting platform. Secured by smart contracts and powered by the BETU Token.

BetU aims to become a leader in the global sports betting market worth $391 Billion USD. With the goal of taking significant market share from global bookmakers such as Bet365, William Hill, Ladbrokes, DraftKings and FanDuel.

BETTING PLATFORM

The BetU Platform will enable people to become their own bookmaker and bet against their peers.

Bet Makers can list bets with odds of their choice and Bet Takers can accept the best bets available in the marketplace. Individual bet details will be uploaded to a blockchain and funds will be secured by smart contracts until a winner is determined.

To ensure liquidity in all betting markets, BetU will provide bookmaking services with competitive odds. A percentage of any profits being returned to token holders in the form of token burning.

The BetU platform will be available on web, tablet and mobile.

BETU TOKEN

The BETU utility token will be the sole form of currency to be used within the platform. Like casino chips must be used to play the tables at a casino, fiat and other cryptocurrency will need to be converted to BETU tokens in order to place bets on the platform.

The token will be used for betting, winnings, betting rewards and incentives, honesty reserves, staking, burning, whale holder benefits and governance of the platform.

TEAM:

BetU has recruited an experienced team with a proven record of building successful businesses from the ground up. With complementary experience in leading betting companies, online marketplaces, finance, marketing, technology development and blockchain.

The team is well positioned to build a market leading product, fast. Initial gaming licenses and release of Version 1 of the BetU platform is planned by 23 October 2021. BetU will adhere to all required KYC, AML and gaming license requirements internationally.

INDUSTRY:

$4,300,000,000 USD wagered on Super Bowl LV
$23,500,000.000 USD wagered on esports in 2020
$169,800,000,000 USD wagered on sports online in 2020
$391,000,000,000 USD wagered on sports in 2020
$711,400,000,000 USD global gambling market in 2020
Europe accounts for 45.9% of the total online sports betting market, North America 25.5% and Asia 20.5%
26% of the planet's population (1.6 billion people) gamble each year

Details

Pre-sales: Aug 06, 2021 - Aug 09, 2021
Public sales: Aug 16, 2021 - Aug 30, 2021
Pre-sale token supply: 25,000,000 BETU
Token supply: 1,000,000,000 BETU
Total tokens for sale: 275,000,000 BETU
Hard cap: 5,000,000 USD
Raised: 375,000 USD

Legal

Blockchain Platform: Binance Smart Chain
Country limitations: USA, China, Singapore, Sanctioned Countries
Registration country: Virgin Islands (British)
Registration year: 2021

Office address: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands

Token info

Ticker: BETU
Type: Utility-token
Token standard: BEP 20
Token price in USD: 1 BETU = 0.02 USD
Accepted currencies: BTC, ETH, USDT, BNB
Bonus program:
50,000-125,000 BETU = 5% Bonus
125,001 - 250,000 BETU - 10% Bonus
250,001 - 500,000 BETU - 15% Bonus
501,001 - 1,250,000 BETU - 20% Bonus
1,250,001 + = 25% Bonus
Token distribution:
Public Sale - 25%
Pre Sale - 2.5%
Team - 20%
Marketing / Partnerships - 10%
User Incentives / Bonuses - 10%
Exchanges / Liquidity - 10%
First Year Staking Rewards - 7.5%
Advisors - 2.5%
Institutional Investors / VC's - 2.5%
Funds allocation:
Development - 25%
Marketing / Customer Acquisition - 25%
Exchange / Liquidity - 20%
Operations - 15%
Legal / Licensing - 15%