MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts to establish and resolve bets .
Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) has posted details of the previously announced initial exchange offering (IEO), which it is carrying out, for Toronto-based blockchain group MeVu Inc.
MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts to establish and resolve bets.
The IEO will be conducted in four rounds with 55 million MVU being made available.
The first round is set to begin in the next 30 calendar days, FORK said today. The details are below:
- First round: 7 million MVU at US$0.09 (with a hard cap of US$630,000)
- Second round: 8 million MVU at US$0.10 (Hard cap of US$800,000)
- Third round: 20 million MVU at US$0.11 (Hard cap of US$2.2 million
- Fourth round: 20 million MVU at US$0.12 (Hard cap of US$2.4 million)
As disclosed last week, from previous sale efforts for MVU, MeVu has been able to raise more than US$350,000 for less than 5% of MVU’s total supply of 105 million MVU.
“Our strategy with the IEO for MVU is to reach as wide of a range of participants as possible, by having four rounds on four different exchanges,” said FORK president and CEO Shidan Gouran.
“As sports betting has become more popular, particularly on non-traditional forms of sport such as esports, we are emphasizing MeVu’s novel approach to sports wagering as a primary value proposition for MVU as a crypto asset. We are confident that we will connect with IEO participants globally through our promotional efforts and capitalize on the existing momentum already built by MeVu in the ever-growing ecosystem of sports betting.”
A beta version of MeVu’s betting platform is currently live, which allows wagers on sports to include hockey, basketball, baseball, MMA, and esports.
On behalf of the Company:
Shidan Gouran, President and CEO
For more information please contact:
Global Blockchain Mining Corp. Investor Relations
About Global Blockchain Mining Corp.
With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.
The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com
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