Weekly Product & Tech Update:

Completed last week.

🚀Sprint 4 (week 1) ✅

- BetRadar integration (we are now pulling live sport events & pre match odds) 
- Swap functionality deployed
- Settings for users (set 2FA, Auth, password) 
- Admin page (internal CRUD, transaction data, export functions)
- Design tweaks and updates to Dashboard banner, sports and P2P flow
- My bets (new view, drop down of multi bets)

📓In progress for this week (Sprint 4 Week 2):

1. Started wireframes on Fantasy Product (leagues & leaderboards) 

2. Smart contract transactions flow

3. Updates to staging environment by end of week (settings & admin)

4. QA testing with new API’s

5. Security protocol for P2P bets

6. Design review with team

Update to BetU service offering & token sale

Bookmaking / Sportsbook Service:
To ensure liquidity in all betting markets, BetU plans to provide bookmaking services with odds and results feeds from BetRadar.

To mitigate risk there will be a small variable margin built into all odds. At the end of each quarter, 25% of any profit from BetU’s bookmaking service will be returned to token holders in the form of token burning.

This will create a very unique product offering. A traditional bookmaking services sitting side by side with our peer to peer offering will result in more liquidity, better odds and an improved user experience.

Token Sale Soft Cap:
If in the unlikely event the soft cap is not reached, the project will continue privately funded and will still list BETU on PancakeSwap shortly after the conclusion of the public sale.
All token holders will have the opportunity to request a full refund of the tokens purchased prior to the listing on PancakeSwap.

Token Sale Hard Cap:
If the hard cap is not reached, each participant in the token sale will vote on what they would like done with the unsold tokens. Options are:

1. Burn tokens and permanently remove them from supply
2. Allocate tokens for staking rewards
3. Use tokens for customer acquisition and incentives

These changes and options have been made available at the request from numerous community members.

Weekly Product & Tech Update:

A day late with the update, sorry guys, we had a busy weekend with the Pre Sale. Thanks to everyone who participated 🎉

Completed last week.

🚀Sprint 3 (week 1) ✅

- Successful Pre Sale & frontend upgrades complete 
- Mobile responsive onboarding designs
- Twilio SMS upgrades
- Zendesk Support with automation & FAQ
- P2P UI betting flows with multi functionality
- Onfido verification implemented
- Backend Swap functionally with wallet/token integrations in dev

📓In progress for this week (Sprint 3 Week 2):

1. Public Sale preparations

2. Sportsbook updates to UI/UX flows

3. Wallet updates (default coins & backend fetching)

4. Fronted upgrades to ICO portal

5. Login verifications for responsive designs

6. BetRadar API integration call today

$BETU Pre Sale is sold out. Less than 40 hours

To all who participated in the pre sale,

On behalf of the entire team, I would like to thank you for your support and faith in what we have set out to achieve.

We are very optimistic about our prospects to build a betting platform that will take significant market share of the $200+ billion that will be wagered annually online on sport and esport.

All with $BETU tokens!

Welcome to the BetU family.

Sincerely

Paul Rogash

July 2021 - Monthly Report:

Legal:
• Completed incorporation in BVI – BetU ICO Corp, Number: 2070738
• Received legal opinion letters on BETU token status in BVI and Singapore
• Received final Pre Sale & Public Sale Terms & Conditions

Partnerships
• Testing agreement with BetRadar to supply odd feeds and event data. Aim to be having test bets on live events by the end of August

Development:
• Completed Onfido integration for KYC requirements
• Released token sale website and backend at Betu.io
• Completed Sprint 1 of betting platform – User onboarding
• Completed Sprint 2 of betting platform – Wallet integration
• Completed design of betting flows for Sprint 3.
• Engaged Hacken to complete smart contract audit

Other:
• Released initial whitepaper at www.betu.io/whitepaper
• Released investor deck at: www.betu.io/investor-deck
• Commenced social media activity
• Pre Sale dates announced 6 – 9 August, 2021
• Public Sale dates announced 16 – 30 August, 2021

The aim of the Pre Sale is to gauge investor interest from the teams immediate network prior to the public sale. The ideal situation is we do limited advertising and promotion during the ICO, so we can utilize influencers and marketing channels most effectively when we list on exchanges in September. 

Fingers crossed for a successful ICO, we thank everyone for your support.

Weekly Product & Tech Update: Week of Aug 2

Hope everyone is excited for the Pre sale this week 🎉

Completed last week.

🚀Sprint 2 ✅

- Wallet integration for Deposit & Withdraw and Transaction history
- Smart Contract and nodes set up for Pre ICO
- Frontend Upgrades to our ICO portal
- Swap Token architecture defined
- Final Swap Designs completed
- API integration set up with Onfido

📓In progress for this (Sprint 3 Week 1):

1. Pre ICO preparations

2. Updated Swap functionally now in development (back end fetching)

3. Mobile designs and wireframes for onboarding

4. Twilio integration for adding more regions after we resolved the block

5. P2P Betting flow tweaks

6. BetRadar follow up for API docs (we didn’t receive these last week)

7. Set up Zendesk for our support

The time has come!
 
The BetU Token Pre Sale will kick off 6 August at 10 AM UTC time.

The Pre Sale will run for 72 hours or until sold out.

Accepted crypto:
* BTC - Bitcoin Network
* ETH - Ethereum ERC20
* USDT - Ethereum ERC20
* BNB - Binance Smart Chain BEP20

KYC is mandatory

Unfortunatley, USA & Sanctioned Countries are not eligible to participate in the Pre or Public Sale.

T&C's, Registration and purchase of the tokens will all be at our website: www.betu.io

BetU - A peer to peer sports, esports and crypto betting platform, secured by smart contracts.

In 2020 - $23.5 billion USD was wagered on esports & 169.8 billion on sports.
Global bookmakers earn billions of dollars every year. We are here to take our share and give the betting power back to the people.

Be involved from day 1 and watch BetU rapidly grow from conception to reality, FAST.

Research and meet our team at: https://betu.io

Follow BetU on social media:
TELEGRAM      https://t.me/betucommunity
TWITTER         https://twitter.com/betuglobal
INSTAGRAM    https://www.instagram.com/betuglobal
FACEBOOK      https://www.facebook.com/betuglobal
REDDIT          https://www.reddit.com/r/betuglobal

Reports & Announcements Only
https://t.me/betuglobal

Roadmap:
May 2021
- Commence building team
- Seek world class advisors
- Consult with law firms for company and foundation setup and ICO (Singapore, Estonia, BVI, Malta, Curacao)
- Consult with firms regarding gaming license (USA, UK, Australia, Curacao, Kahnawake, Malta & Island of Man)
- Design logo, brand guidelines and website
- Complete whitepaper (partial public release) and web content.
- Start building Telegram community

June 2021
- Incorporate company & foundation
- Launch first website and social media’s.
- Grow community
- Develop backend for token sale.
- Release whitepaper

July 2021
- Hold Pre Sale for BETU tokens
- Complete content and wireframes for betting platform
- Start developing platform

August 2021
- Hold ICO
- List on PancakeSwap
- Commence first year staking
- Submit gaming license application

September 2021
- List BETU on top 10 exchange
- First year staking begins
- Demo version of platform for regulators / gaming commission

October
- Develop, Test, Sleep, Repeat
- Receive gaming license
- Complete and launch V1 of the BetU marketplace for Soccer & UFC. First game targeted as Manchester United v Liverpool.
- First bets placed.

November
- List on more exchanges

December
- Expand betting user base
- Improve platform based on user feedback

2022
- Rapid growth and expansion across all major sports leagues, esports and crypto.

The roadmap is ambitious but achievable with the right team and acquisitions.