Key takeaways
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Chancer has sold more than 25% of its presale tokens within a week of launching its first presale event.
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The team seeks to raise $1 million in the first presale and will carry out 11 more presale events afterward.
Chancer has raised more than 25% of its required funding in its presale stage just a week after it was launched. The development team has raised more than $250,000, an indication that the project could become popular amongst investors.
With more than 25% of the allocated tokens already sold, does this present an opportunity for investors to look at the project?
What is Chancer?
The Chancer presale started a week ago, and numerous investors have already invested in the project. However, before you invest in the project, you might want to look at the project and what it brings to the broader crypto market.
Chancer is a unique Web3 peer-to-peer (P2P) custom betting platform that allows users to live stream betting events.
Similar to hundreds of other projects within the web3 ecosystem, Chancer is decentralised. This means that it operates a decentralised betting platform that allows users to bet on a wide range of events, beyond the sporting and popular ones.
Chancer seeks to develop a P2P betting platform that allows users ti enjoy betting markets in real-time and based on user interests, social media connections, and expertise.
According to their whitepaper, Chancer eliminates the constraints put in place by bookmakers. Users can set their own custom P2P betting markets using its decentralised platform.
Perhaps one of the biggest selling points of Chancer is that it is a betting platform that is not exclusive to sporting or popular events. Users can bet on sporting events such as football and basketball matches.
However, they can also bet on any event they desire, whether mainstream or made-up. They can predict odd events such as the day man will walk on Mars or even personal bet amongst friends and colleagues to determine the first person to complete a task,
Chancer raises over $250,000 in a week
Chancer’s token presale launched on June 13th, and the team has already made huge strides so far.
Over the last seven days, Chancer has raised $258,000, which is more than 25% of the required funds. The team seeks to raise $1 million during the presale stage and will use the funds to develop some of its products.
CHANCER is the native token of the Chancer ecosystem and will power various activities on the platform. In the presale stage, CHANCER is going for $0.01 BUSD per token.
The CHANCER token allows holders to create markets and invest in markets created by other users. Furthermore, the token would enable users to create, participate in, and profit from their very own predictive markets.
Users can find and participate in markets based on their interests, expertise, and social opportunities.
The development team will also allow token holders to stake their CHANCER token, allowing them to earn more money by providing liquidity to the ecosystem.
CHANCER token holders will also get to enjoy fees for creating and participating in markets. Furthermore, the tokens would be used to reward participants for successful betting outcomes, boosting the platform’s engagement.
This is the first presale, and the team will organise 11 more after this. The Chancer team seeks to raise $15 million over the course of the 12 presale events.
At the moment, investors can connect a wide range of wallets to the Chancer presale. Investors can buy CHANCER tokens by connecting their Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow wallets to the Chancer platform.
Should you invest in Chancer?
The decision to invest in Chancer should come after in-depth reading of the project’s whitepaper and an understanding of how it works. However, Chancer could prove to be an interesting project due to its unique nature.
Chancer is focusing on decentralising the betting ecosystem and could get a sizeable market share if the adoption rate soars.
The platform allows users to enjoy transparent and easier betting processes. Chancer is still in its early stage, and the token currently goes for $0.01 BUSD in the current presale. The team will increase the price to $0.011 in the next presale event.