- The Chancer betting platform will allow people to set their own odds.
- People can also bet on anything on Chancer including betting on a friend completing a certain task.
- Chancer seeks to compete against traditional bookmakers who bet against participants.
Since the US Supreme Court struck down the federal ban on sports betting in 2018, more than 30 states and the District of Columbia have legalized sports betting in one way or the other and 10 other states are expected to do so in the near future.
It is not only the United States that has seen an exponential growth in sports betting but a majority of other countries including countries like Kenya in Africa have also witnessed a market boom over the past few years. In 2022, the sports betting market was valued at $83.65 billion and it is projected to surge to 178.68 billion by 2030 according to Polaris Market Research.
However, most sports betting platforms operate as bookmakers and set odds against participants. A new entrant, Chancer, is seeking to change that by introducing a decentralized social predictive market-making platform allowing people to place bets on any prediction or event and have complete control over their bets.
Chancer, which is leveraging the power of Blockchain technology for decentralization, is currently in development and has already launched the presale of its native cryptocurrency CHANCER. At press time, 36,763,989 CHANCER tokens had been sold in the first stage.
Interested investors can purchase their tokens here using BNB or BUSD (BEP20) tokens.
Chancer presale timelines
Before delving into how CHANCER token holders will benefit from the first decentralized predictive market-making platform token, it is important to point out that the CHANCER presale is distributed over 12 stages.
At the time the presale is coming to an end, the price of the token is expected to be $0.021 according to Chancer’s presale schedule.
How CHANCER token holders will benefit
Token holders will start seeing their benefits immediately after the presale concludes since the token is expected to go live on Uniswap, and a number of centralized crypto exchanges. Holders will therefore be able to trade their tokens or even use them for other DeFi activities including staking to earn a passive income while waiting for the Chancer Mainnet launch scheduled for Q1, 2024.
Once functional, Chancer will allow users to participate in market making, virtual betting, WebRTC-Live Streaming, Share2Earn program, staking, and deployment of Full Validator Nodes; all of which are to be tested before the mainnet launch.
Additionally, those who participate in market making and participate in betting will get fee discounts, which is an incentive to make the platform affordable for those who its frequent users.
The node validators will be able to earn a passive income while bet winners will be rewarded in CHANCER tokens.
The post Chancer set to benefit most from the fast-growing betting industry appeared first on CoinJournal.
