Blockchain News

Chancer to Launch Token Presale for its Prediction Platform

The sports betting industry is experiencing a remarkable surge in growth worldwide, with the United States playing a pivotal role in this expansion. Despite the country’s historical ban on online betting, American companies such as Fanduel, DraftKings, and BetMGM have emerged as behemoths worth billions of dollars.

However, the sports betting landscape is on the verge of disruption, thanks to the advent of blockchain technology. Several blockchain companies, including SportX and Gnosis, seek to revolutionize the industry. Joining the fray is Chancer, a promising new entrant that analysts believe has the potential to shake up the sector.

Chancer aims to transform the sports betting industry by introducing innovative features that set it apart from existing companies. One notable aspect is its utilization of the Binance Chain blockchain, a leading platform for decentralized application development, to ensure a secure ecosystem.

The standout feature of Chancer is the ability for users to create their own betting markets in addition to the available options. For instance, users can establish markets for upcoming games or even current affairs like elections, providing greater flexibility than traditional platforms.

The betting process on Chancer will be facilitated through the $CHANCER token, built on the Binance blockchain. Additionally, the token will serve governance purposes, allowing holders to submit and vote on proposals, thus giving users a say in the platform’s evolution.

Chancer boasts cutting-edge features, including deploying smart contracts, open-source code, decentralized nodes, and decentralized data storage. Interested individuals can delve into the project’s white paper for a deeper understanding of Chancer and its operations.

To kickstart their product launch, the developers of Chancer plan to conduct a token sale soon. Token sales involve users contributing funds to a project and receiving tokens in return. Investors can then choose to either sell their tokens immediately after listing or hold them longer. Historically, token presales have proven to be highly lucrative investment opportunities.

Chancer intends to raise $15 million through a 12-stage token sale, with each stage witnessing an incremental increase in token price. The token sale is set to commence on June 13th this year.

The developers of Chancer have already completed preliminary tasks, such as launching the website and commissioning a Certik audit. They plan to initiate the presale process in the second quarter, unveil the technical roadmap, and announce partnerships with centralized exchanges. Subsequently, the focus will shift to launching the BETA version of the Chancer platform and implementing the validator node program in the third quarter. The fourth quarter will be dedicated to product development testnet. In contrast, the first quarter of the following year will see the incorporation of Filecoin and the removal of centralized entities within the ecosystem.

It is still early to determine whether investing in Chancer will be fruitful, especially considering the token sale has not yet commenced. As with any crypto project, potential investors should be cautious and aware of the associated risks.

In conclusion, those interested in the project may consider allocating some of their funds to Chancer. However, it is crucial to approach this investment opportunity with an understanding of the potential risks, as is typical with other cryptocurrency ventures.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.