The concern and greed index within the crypto trade has remained in a impartial part.
Chancer, a brand new blockchain for the betting market, has raised over $1.2 million.
Cryptocurrencies have been in a good vary because the first week of July as their demand has fizzled. Most cash, together with well-liked names like Bitcoin, Ethereum, and Ripple have consolidated because the concern and greed index has been caught on the impartial level of fifty.
Regardless of this consolidation, crypto traders are nonetheless benefiting from rising developments like shopping for pre-sale tokens. Chancer, a brand new blockchain aiming to disrupt the sports activities betting trade, has emerged as one of many high tokens. It has raised over $1.2 million up to now 30 days.
The sports activities betting trade is a significant one. For instance, DraftKings has a market cap of greater than $14 billion whereas Flutter Leisure and Entain are valued at 26 billion and eight.93 billion kilos, respectively. Different multi-bilion greenback betting firms are Penn Leisure, Churchill Downs, and Boyd Gaming amongst others.
These firms have grown quickly, because of the web and pleasant laws in most nations. For instance, a Supreme Courtroom ruling striked down a federal legislation that prohibated sports activities betting. Consequently, it’s now authorized to guess in lots of states in the US.
Chancer is aiming to disrupt the trade by utilizing the blockchain expertise. Its platform can be loaded with extra options that can make betting simpler and extra social. For instance, any $CHANCER holder will be capable of create a market and make cash as folks place their bets in it. Chancer’s white paper provides:
“These tokens not solely grant you the power to create markets but additionally present a possibility to put money into markets created by different people. By holding $CHANCER tokens, you may have a direct stake in our platform’s triumph.”
You should buy the Chancer token here.
Chancer can be extremely decentralized
Most significantly, Chancer can be extremely decentralized. Whereas it will likely be centralized at first, the builders will afterward create a decentralized autonomous group (DAO) that can govern the community. This DAO will set guidelines, add integrations, and make key choices.
Additional, Chancer customers will be capable of share the earnings made by the community. That is opposite to what centralized betting firms like DraftKings and Flutter Leisure, the place the managers make all the selections.
Due to this fact, there’s a probability that the Chancer token will do nicely when the token is listed in exchanges like Binance, Huobi, and OKX. It has already demonstrated that there’s demand for the token throughout the pre-sale interval.
Most significantly, this token sale is going on when there’s restricted demand for cryptocurrencies as evidenced by the concern and greed index, which has remained on the impartial part of fifty.