Chancer, the first decentralized betting platform, has raised $1.99 million in a presale. The presale comes after a period of market turbulence, as cryptocurrencies undergo consolidations. Bitcoin has since recovered to above $27,000, which is likely to boost the sentiment for risk-on assets.
This week, Bitcoin has gained more than 7%, thanks to expectations that the Fed will pause rate hikes during the September 20 meeting. The September 13 inflation report indicated cooling prices, as the core consumer price index dropped from 4.5% to 4.3%. These developments have given investors hope that the US could be approaching the Fed’s target inflation rate of 2%.
Chancer is a revolutionary blockchain that seeks to revolutionize the betting sector. The platform eliminates intermediaries and enables users to create their own peer-to-peer betting markets and set their own rules and odds. It also allows users to invite friends, family, acquaintances, and fans to their betting market, as well as join P2P markets created by others.
The platform runs on Chancer token or $CHANCER. Users are rewarded with the token for successful winnings and predictions, as well as for creating betting markets. Staking CHANCER also provides a passive income-generating strategy for users.
As Chancer gears for listing on Uniswap and other CEXs in Q3 2023, investors expect up to a 1,000% price increase for the token. A more conservative 10x increase is expected in 2024 when Chancer’s demand stems from platform usage. In the long term, gains could exceed the 10x estimates as Chancer attracts more users.
