The online betting industry is a global giant, but it’s not without its problems. For generations, gamblers have been at the mercy of bookmakers, who create bet slips and set odds however they like. This often results in betting offers that don’t reflect the true probability of an event unfolding — a key reason why Chancer (CHANCER) has started to take off during its presale.
The Chancer presale is the first opportunity for investors to get involved in a fully decentralized betting market. Blockchain allows Chancer to support new betting methods, which could lead to a massive valuation by the time the next bull market rolls around.
Chancer is, without a doubt, one of the best cryptos to invest in
The Chancer presale has raised $624k since it first went live, owing to the fact that it is the world’s first decentralized betting market. The platform has ignited the interest of investors from across Web3 as it solves a unique problem for the online betting industry.
Above all else, Chancer is a fun platform that delivers an exciting user experience. People can create their own custom bet slips on any potential outcome, using blockchain technology to bypass intermediaries in the peer-to-peer (P2P) marketplace. This opens the door for a wealth of betting opportunities for real-world events.
For now, the platform’s native token is valued at $0.01 during stage 1 of the Chancer presale. This value will rise to $0.021 by the final investment round, giving investors a limited time to back the promising new project before it’s launched on major exchanges.
In order to add excitement to its presale, Chancer is going to be holding a series of giveaways for investors, starting with a chance to win $100K in CHANCER tokens. The announcement of the lucky winner and details of upcoming giveaway opportunities will be shared on Chancer’s official Twitter feed.
What is Chancer?
Chancer delivers a full P2P predictions market for the online betting industry. It uses blockchain to enhance the user experience, providing all bettors with the opportunity to create their own custom bet slips with odds they’ve set themselves.
For the first time ever, bettors will not be subject to unfavorable odds that have been set by centralized bookmakers. This is a problem that has plagued the online betting industry for years, and one that Chancer solves using a novel blockchain infrastructure.
The ability to create custom bet slips in the P2P marketplace opens up new possibilities. Individuals can create and settle custom bets between friends and family on any potential outcome, using cryptocurrency to provide instant payouts in a secure way.
As well as this, Chancer supports community bet slips. This feature will connect users from around the world during major events such as the Champions League Final, enabling spectators to join massive bet slips and make a profit without the need to rely on any centralized counterparty.
How does CHANCER work?
CHANCER tokens, currently available during the Chancer presale, are used for all bets that are made on the platform. Users will stake their tokens while creating a bet, and other users can freely decide to take the other side of the bet slip using the odds that have been created. When it’s time to take the winnings, CHANCER tokens are automatically given to the victor.
Since it is fully P2P, Chancer has taken measures to reduce counterparty risks while betting on the platform. Impartial moderators are on-hand to oversee custom bet slips, ensuring that no user receives unfavorable odds. Being built using blockchain technology, all user interactions are recorded on an immutable ledger, and pay-outs are completed using smart contracts, which both reduce latency and improve security.
Chancer will be integrated with Google’s WebRTC. This allows for real-time communications between Chancer users during real-world events such as sports matches. If someone wants to place a custom bet on the latest UFC fight card, they can find a counterpart in real-time using Chancer’s embedded functionality.
Will CHANCER reach $1 in 2025?
The Chancer presale is widely considered to be one of the most exciting investment opportunities of 2023. Not only does the platform solve key inefficiencies in the online betting industry, but it also delivers an attractive user experience that could drive a huge number of users to the platform over time.
Price analysts have highlighted the CHANCER token’s innate utility and deflationary tokenomics as reason to be bullish on its price action. Once the Chancer presale is complete, CHANCER will launch on exchanges, and the price could rapidly rise due to demand. By 2025, price analysts expect CHANCER to reach $1.05 — a 50x rise in total.
Is the Chancer presale worth buying?
Presales often produce massive percentage gains from their earliest stages as exciting crypto projects are made available for the very first time. For projects that turn out to be a success, the gains can often be in excess of 100x.
Chancer certainly has this kind of potential. It combines a fun user experience with a use case that looks set to attract users for years to come, which gives the CHANCER token extremely high potential moving forwards. Without a doubt, the Chancer presale could be a great buy during these early stages.
You can take part in the CHANCER presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.