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Chancer presale has seen strong demand as investors bet on blockchain-based betting.
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Less than 10% of Chancer tokens remain before the first stage presale concludes.
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The value of Chancer could rise strongly after listing on Uniswap in Q3 2023 and after the mainnet launch in early 2024.
Chancer, a blockchain-based predictive markets application, opened the presale on June 13th, 2023. Five weeks later, investors bought almost $905,000 in tokens in the first phase. The amount suggests that Chancer is imminently sold out at the current price of $0.01 since the first stage targets $1 million. Investors seeking to buy the token can do so via the company’s website before the price rises in the second stage.
Why is Chancer in high demand?
Raising funds quickly through a presale suggests investors see value in Chancer. So, what does the token offer?
$CHANCER is the native token that will power a blockchain-enabled platform Chancer. It is the world’s first blockchain betting platform that allows users to bet against each other through a peer-to-peer (P2P) model.
The opportunity lies in tapping into the fast-growing online gambling and bringing it to blockchain. According to market reports, online gambling will grow by 11.6% CAGR in this decade to hit $172 billion by 2030. Investors are betting on Chancer to revolutionise betting, given the growing application of blockchain in several other sectors.
What is the value proposition of Chancer and its P2P model?
Chancer carries a value proposition in that it lets users bet on numerous events, outcomes, and situations. This happens as users create their own Chancer P2P markets and determine what to predict in those markets. They can then invite friends or join Chancer markets created by others.
The exciting bit of P2P betting is that it allows flexibility. Users can bet on their preferred events, replacing the existing model where the bookmaker creates betting markets. Users can also determine the rules and odds for each bet via Chancer.
Besides rewards on successful bets, Chancer lets users earn from market-making activities or creating P2P markets. That makes Chancer more than just a betting platform. The Chancer token can also be staked, allowing investors to earn passive incomes and improve their bottom lines.
Chancer roadmap and predictions in 2023, 2024
Chancer is in the presale phase, but the demand for the project is already high. While the value of Chancer is increasing at each presale phase, the potential value of the token will be unlocked in the third and fourth quarters of 2023. This is when the token will be listed on exchanges. The token’s roadmap points to the first listing on Uniswap in the third quarter. The team eyes at least two CEX listings in Q3.
In the fourth quarter, product development will begin. It will start with the testnet, aiming to pave the way for the full mainnet launch in the first quarter of 2024.
The launch of the mainnet will be influential for Chancer as it actualizes the dream of bringing forth P2P betting. While our prediction is that the value of the Chancer token could start to rise in the third quarter of 2023, 2024 will be the most influential. This is when sustainable gains could be realised, allowing Chancer to go mainstream and become more acceptable.
With the above roadmap, the value of Chancer could rise initially by double or triple-digit percentages in 2023. In 2024, the value could skyrocket by more than 10x heading into the future, where Chancer’s future acceptance will allow more gains.
Should you buy Chancer this week?
Only 10% of Chancer tokens remain before the first stage of the presale concludes. After that, the price will increase by 10% in the second phase.
With the demand for the token showing little signs of slowing down, chances are that the first phase will conclude in a few days. Thus, it could be the right time to grab the remaining tokens before the price increases to $0.011.
The post Countdown to the 2nd phase of the Chancer presale amid strong demand for token appeared first on CoinJournal.
