Key takeaways

Chancer is building a decentralised betting platform that allows users to create and bet on events of their choosing,

The presale will commence next week and the team seeks to raise $15 million to fund its products. 

When you hear betting, the first thing that pops into your mind is betting on sports or other significant events. This is because hundreds of millions of people bet on sports and other major events virtually every day.

However, there is more to betting than that. Amongst friends, there are often bets on who can eat faster or reach a certain goal before the others. However, those types of bets don’t get massive coverage since they are designed for only a small group of people. 

Chancer is a project that wants to change that and make the betting and gambling industry more transparent and friendly. 

With the Chancer platform, users can place bets against each other and have fun in the process. As a new project, we will look into Chancer and why it could be an interesting opportunity for cryptocurrency investors.

Chancer is a  pioneering Web3 peer-to-peer (P2P) custom betting platform that comes complete with live streaming.

There are numerous betting platforms globally but Chancer is a decentralised betting platform that focuses on transparency.

Chancer as a platform seeks to empower users to design and personlise P2P betting markets in real-time, based on user interests, expertise, and social media connections. 

Rather than being constrained by what bookmakers offer, and their odds, Chancer allows users to set up their own custom P2P betting markets through a decentralized platform.

What makes Chancer an interesting project is the fact that betting on the platform is not exclusive to sporting or popular events. In addition to sporting events like football matches, Chancer users have the option to bet on virtually anything, including the day man will walk on Mars, and personal bet amongst friends to see whether they can complete a task with specific parameters in place. 

The ecosystem would be powered by the CHANCER token. Holders of the token could become an integral part of the Chancer platform’s success and the markets it houses. With the tokens, holders can create markets and also serve as an opportunity to invest in markets created by other users. 

Due to the decentralised and transparent nature of Chancer, the project could be an interesting one for cryptocurrency investors. 

The CHANCER token will power the Chancer ecosystem and has numerous utilities. According to the development team, the token allows holders to enjoy the unique opportunity to create, participate in, and profit from their very own predictive markets based on their interests, expertise, and social opportunities.

Furthermore, token holders can stake their tokens, allowing them to earn more money by ensuring that the ecosystem runs smoothly. 

Token holders are also set to receive discounted fees for creating and participating in markets, incentivising them to use the platform and making it more cost-effective for frequent users.

In addition to that, the Chancer tokens will be used to reward participants for successful betting outcomes, incentivising users to engage with the platform and provide accurate predictions

CHANCER will be launching on the Binance Smart Chain, making it cost-efficient for users to buy. At the moment, the development team has not set the presale price but they aim to raise 15,000,000 over the course of the 12 stages of the token presale.

The funds raised from the presale would enable the team to develop its products including virtual betting and more.

The cryptocurrency market welcomes hundreds and even thousands of projects every year. However, most of these projects are either meme coins or focus on the DeFi ecosystem.

Chancer is a new project that is focused on decentralising the betting ecosystem. This could make it an interesting project for cryptocurrency investors. Chancer aims to make it transparent and easier for people to bet on major sporting events and even personal goals and achievements. 

The cryptocurrency market is still in a bear market despite the positive performance recorded so far this year. Investing in projects like Chancer during the presale stage could grant investors the opportunity to enjoy massive ROI when the project launches on crypto exchanges and the development team roll out its products.

The team plans to list the token on a few exchanges in the third quarter of the year and list it on more platforms before the end of the year. Chancer’s products could launch on testnet in the fourth quarter of the year. 

With the listing on exchanges and the launch of its products, Chancer could be an exciting project to watch in 2023. 

The post Chancer introduces a unique betting platform for cryptocurrency enthusiasts appeared first on CoinJournal.

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