Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Chancer facilitates P2P predictive markets for betting on conventional and non-conventional markets.
Chancer aims to enable user-led predictions amid record betting levels in traditional markets.
The token will start presale on June 13,th 2023.
Think about this, being able to bet against any event and setting your own rules and odds. This is what the new decentralised blockchain platform Chancer is bringing. But that’s not the main idea – Chancer will be an investment opportunity giving its holders a chance to earn in various ways. The token $CHANCER presale happens on June 13th 2023 amid growing enthusiasm around the token.
What is Chancer?
Chancer is a blockchain-based decentralised predictive markets application. Under the main slogan, “Chancer: Your Game, Your Rules, Your Odds,” the platform will allow people to set their customised P2P betting platforms complete with their own rules.
Users can bet on anything they like, from a live football match to a personal bet, say your best friend will finish the top in the class. Users can also let their friends and others join their market, bringing fun to their betting world.
The platform’s token, $CHANCER, will run on the BSC blockchain. The aim is to enable token purchases through a secure chain with minimal transaction fees and high speeds. The team behind the blockchain aims to create a platform that works similarly to a dApp, seamlessly linking to the BSC blockchain. A proof-of-stake consensus mechanism seeks to make Chancer a fully decentralised ecosystem.
Record betting an advantage to decentralised Chancer
Betting is at all-time highs, thanks to growing technology and more people seeking to grow incomes through various models and have fun. If we take sports betting, for instance, activity levels hit record levels in 2022. The American Gaming Association reported that gross gaming revenues from sports rose to a record $7.5 billion in 2022, almost a 75% increase from the previous year. In the first quarter of 2023, the AGA reported that commercial gaming revenues hit a quarterly record of more than $16 billion.
Owing to these trends, betting is a big opportunity market. However, betting models have mostly stayed the same as the platforms remain centrally controlled. The need for a betting model that is user-led and peer-controlled is needed. The decentralised model is more transparent and confers benefits to users beyond betting. Chancer follows this model to generate win-win situations for users and investors.
Is Chancer a good investment opportunity?
Chancer isn’t only a blockchain-based betting ecosystem. It confers value to its participants by being an investment opportunity. The first benefit to investors is holding the $CHANCER token. This differs from betting platforms, where the winner takes it all.
Holders of $CHANCER can create their own markets and participate in markets created by peers. With this, there is an opportunity to collaborate, engage, and profit from wider Web 3.0 betting. Users benefit from a potential $CHANCER increase in value as more join the network. They can also stake the token for passive income.
There are also market-making rewards for creating Chancer markets through the dApp and live stream features. Users can become platform validators for a chance to earn more and enjoy priorities in platform governance. Other ways to earn include Share2Earn features, where users will get rewarded for promoting the market to increase the participation of members.
The platform will also introduce a “Loyalty” program. This is a program to reimburse small amounts of transaction charges paid by users. The rebate is an incentive and a strategy to make the platform economically viable for its investors.
The unique ways investors earn and the decentralised model make Chancer a potentially viable investment opportunity. Being the first of its kind, investors may want to experiment with blockchain-based predictions, conferring a chance for the ecosystem to grow and benefit investors.
Chancer presale and listings
Chancer’s presale seeks to raise $15,000,000 over 12 stages of the presale. The token will be listed on Uniswap, Coingecko, and Coinmarketcap in the third quarter. More listings will follow, with the testnet expected in the fourth quarter. The mainnet, with full functionalities, is expected in the first quarter of 2024.
The post Chancer: World’s first blockchain-based predictive markets app, and a potential game-changer appeared first on CoinJournal.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.