NEXUS Final Round - LEVR.bet - TOKEN2049 Singapore 2024

hello hello Mr Blue with lever bet and I'm here again for the win so a little quick refresh uh again we're lever bet the first leverage sports betting platform in the world and we aim to combine the power of defi with the thrill of sports betting and we do this through not just creating a sports book but a leverage Sports Book Exchange that brings the power of fully liquid position leveraged bets managed by a proprietary liquidation engine a pulled liquidity Vault uh to act as the house portion of the bets as well as a permissionless marketplace where we don't turn away Sharps we don't turn away good bets we let everybody come and participate as they see fit and so our real aim is to bring true Innovation to gamble FY we look at uh we look at that and we say how can we bring a a better product to Market than what currently exists and so we think that hinges on few key points first again transparency by running everything on chain most importantly userfriendly odds we think that is the key to everything using the inherent advantages of our system to provide the best opportunity to users that we possibly can as well as of course passive earning and we get all of this done by our real Innovation which is leverage and so let's talk about what we didn't get to yesterday how do we bring this product to Market well we have to start start somewhere with some foundational building blocks and the foundational building blocks really come from establishing our community early on during our beta test in tandem with monad testet creating some hype around the project through the social media channels coming on stage here uh as well as any other activations we can get our hands on uh and really really important is to leverage our Partnerships with existing top level firms such as layer zero where we'll be using them to deploy into our evm uh expansion phase and using the trust inherent in those products to boost our status as well as obviously growing our metrics on users uh engagement on socials so on and so forth and so when we expand across web 3 first we look at different phases our first phase is already complete we did an alpha test on Avalanche Fuji went successful but we learned a lot of stuff one of those is we're not going to be running this product long term on that chain so we made a switch and have now started beta testing on monad on the devet we'll roll into test net here when they launch it can't tell you guys when but keep your eyes out uh and then we'll move on to main net hopefully end of the year more likely next year uh and we'll Rock and expand onto Main net we'll get our initial flywheels going with token incentives and then we'll look to expand across the rest of the evm ecosystem on the back of our layer zero relays and then what about the rest of the market this is really where it comes into play once we've established the flywheels in in the early stages of our product launch on De manad and the rest of the evm system when I say flywheels I mean things like using token incentives to get users to deploy liquidity into the Vault The Backs the the product using token incentives to get users to deploy liquidity into the in-game orderbook exchange that makes the product fully functional we can then we can then use those existing flywheels to boost into the next phase of growth and so on and so forth so our traditional Market expansion is using dii and web 3 success to power into retail and welcoming Sports betters that come from a retail aspect into a fully functioning product that has the the bugs worked out and has the uiux perfected once we have retail Sports betters in the product and they're functioning on it we then can make a a play into one of the most important segments in the market which is professional sports better but they're not going to come to our product unless we have Chum in the water for them to play against they always counteract retail money and until the retail money is there they're not coming so we will use the retail wave of users to adopt the second wave of power users in professional sports betters after we've got Professionals in there we now have expanded the product to a phase where we can go and attack real casinos for Partnerships or acquisition because we are actually affecting their business on a day-to-day basis and the team well you know me I'm blue I'm the founder uh previously was a defi portfolio manager uh did security work at a audit firm and uh just a allaround blockchain Enthusiast we also have q which is our Quant and Lead sports betting analyst uh he has a PHD and has designed one of the most profitable sports betting funds in the world as well as a Turnal who's our lead developer uh been around in the space since 2011 uh very very competent guy as well as a slew of very important people to us Mel our branding and design TV our marketing lead Jr solidity Wizard and some really great advisors all right now just uh moving over to Q&A with questions from the judges um can you walk through the decision to deploy on multiple chains and whether that'll like fragment liquidity yeah so we'll initial we'll how monad as our Beacon chain where our onchain order book will live as well as the Vault will live will then use layer zero relays to access any chain that has them uh on the evm landscape to allow users to bet into the market and claim out of the market on the relay but if they want to participate in the in-game exchange they have to move on to monad so that they can access the order book got it that makes sense and one other question I had was um yeah related to like a VIP kind of program for like high volume High turnover gamblers um yeah like giving them perks like kind of like the real casinos they do all sorts of things like do you have like a team for that yet yeah so our our model to acquire the the professional sports betters is simply a casino model right we'll hire a bizde team out that will essentially Pharma sale them by going to them showing the product giving them the unique advantages where they live and letting them see that if they were playing on this there'd be extra profitability for them and teach them how they can hedge out of it into IRL casinos we'll build that on the back of our existing casino and sports betting relationships from our professional sports betting side you mentioned that you first deployed on Avalanche uh and had lots of learnings from that experiment what was those experience not with perhaps Avalanche directly but as you developed there what was some of the Early Learning lesson I think the main initial learning experience we got from that deployment was uh user feedback and user feedback directing the simplification of the product away from an extremely in-depth Defi perex and into something that's more easily understood even in expert mode by a a sports betting public right um we needed to bridge that Gap a little bit better than we were currently doing and we've since gone back to the drawing board revised it and made those fixes as well as we figured out that we really need to focus on the in-game exchange and making sure that every single user that wants to make an order at any given second can get that order through and they're not slowed down uh by any of the tech stack that we have and then lastly I think we touched upon this yesterday and slightly earlier as well but for this to get more mainstream adoption long-term the regulatory piece maybe like a kind of like high Lev thoughts on how to get that expanded expanded expanded adoption over time and Clarity yeah so we look at it as we have to get pmf first with as low of friction as possible so we'll do uh IP restrictions and uh uh basic attestation that you're not from a restricted jurisdiction during the first 6 months of the program while we're spooling the flywheels after we Mark start making a move to actually advertise into retail channels we'll face a lot less a lot more pressure from Regulators as our advertising is definitely not going to keep consistent with the the laws and regulations of not advertising into certain jurisdictions at that point we need to implement heavy kyc have a gaming license in place and so what we'll look to do is once we have uh our retail onboarding solution it'll likely be very scaled down into a mobile focus and email signup account abstraction payment rails we'll push users that come into that channel directly into R kyc will run through with geoc comply which is a leading um upm Market traditional uh sports betting um compliance uh technology and then we'll look to get community to run the more advanced sections of the front end and attach them into the contracts so that we don't have to worry about users coming in un kyc onto our front end that we control awesome thank you yeah thank you guys