Token gross sales are gaining momentum as the worry of lacking out (FOMO) continues and as traders work to search out the subsequent large factor. Earlier this yr, Metacade raised over $16 million from traders. Today, the token has a market cap of over $25 million. Chancer, on the different hand, has raised nearly $400k in lower than three weeks.
What is Chancer?
Chancer is a brand new firm that’s in search of to disrupt an enormous business that’s nonetheless rising. It is aiming to disrupt the sports activities betting and prediction market utilizing the blockchain expertise. This is a huge business that’s valued at billions of {dollars}.
Some of the greatest firms in the sector are multi-billion greenback enterprises. For instance, DraftKings is price over $11 billion whereas Penn Entertainment is valued at over $4 billion. Other firms in the business are Flutter Entertainment, Entain, and 888 Holdings amongst others.
Betting is gaining recognition, particularly in the United States, the place many states have now legalized on-line sports activities wagers. Analysts consider that extra states will proceed accepting betting in the coming years.
Chancer is aiming to introduce a platform the place individuals can guess and create their very own markets. For instance, any Chancer person can create a market and let their associates and social group place wagers on it.
The $CHANCER token will assist to energy the ecosystem in a number of methods. First, the token will assist to energy the total decentralization of the ecosystem. In the future, when the community will get absolutely decentralized, holders will be capable to vote for key modifications in the ecosystem.
Decentralization is believed to be higher than centralization. For one, token holders will be capable to obtain rewards and have their voice heard in the ecosystem. In their white paper, the builders advocated for a quadratic governance course of.
Second, $CHANCER token holders will be capable to create and monetize their markets. For instance, you possibly can create a easy market of two native groups which are taking part in a match.
Further, since this community will probably be a proof of stake, CHANCER holders will be capable to make staking returns in the ecosystem.
Chancer third quarter outlook
Chancer builders have quite a bit deliberate in the third quarter. First, the token sale will proceed in the third quarter. They hope that the first stage of the token sale will full quickly. In the first stage, the builders are elevating $1 million, with every token promoting for 0.01 BUSD. The value in the subsequent stage will probably be at 0.011 BUSD.
The different plans for the token sale are token itemizing on Uniswap, CoinGecko, and CoinMarketCap, and different different well-liked centralized exchanges. They may even proceed constructing their BETA platform, and provoke the validator node program.
Is $CHANCER funding?
Chancer looks as if funding. For one, consumers of the first part are assured that their tokens will probably be extra beneficial in the subsequent part.
However, traders needs to be cautious when investing in token gross sales or Initial Coin Offerings (ICO) due to their important dangers. Therefore, if you’re interested by Chancer, we suggest a scenario the place you allocate a small portion of your funds in the token. This means allocating funds you could really feel snug shedding. You should purchase the Chancer token here.
