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The worry and greed index within the crypto business 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 decent vary because the first week of July as their demand has fizzled. Most cash, together with fashionable names like Bitcoin, Ethereum, and Ripple have consolidated because the worry and greed index has been caught on the impartial level of fifty.
Regardless of this consolidation, crypto buyers are nonetheless making the most of rising developments like shopping for pre-sale tokens. Chancer, a brand new blockchain aiming to disrupt the sports activities betting business, has emerged as one of many high tokens. It has raised over $1.2 million previously 30 days.
What’s Chancer?
The sports activities betting business is a serious 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 corporations are Penn Leisure, Churchill Downs, and Boyd Gaming amongst others.
These corporations have grown quickly, because of the web and pleasant laws in most international locations. For instance, a Supreme Courtroom ruling striked down a federal legislation that prohibated sports activities betting. In consequence, it’s now authorized to guess in lots of states in america.
Chancer is aiming to disrupt the business by utilizing the blockchain know-how. Its platform shall be loaded with further options that may make betting simpler and extra social. For instance, any $CHANCER holder will have the ability to create a market and earn cash as individuals place their bets in it. Chancer’s white paper provides:
“These tokens not solely grant you the flexibility to create markets but in addition present a possibility to spend money on markets created by different people. By holding $CHANCER tokens, you’ve got a direct stake in our platform’s triumph.”
You should buy the Chancer token right here.
Chancer shall be extremely decentralized
Most significantly, Chancer shall be extremely decentralized. Whereas it will likely be centralized to start with, the builders will in a while create a decentralized autonomous group (DAO) that may govern the community. This DAO will set guidelines, add integrations, and make key selections.
Additional, Chancer customers will have the ability to share the earnings made by the community. That is opposite to what centralized betting corporations like DraftKings and Flutter Leisure, the place the managers make all the selections.
Due to this fact, there’s a chance that the Chancer token will do effectively when the token is listed in exchanges like Binance, Huobi, and OKX. It has already demonstrated that there’s demand for the token in the course of the pre-sale interval.
Most significantly, this token sale is occurring when there may be restricted demand for cryptocurrencies as evidenced by the worry and greed index, which has remained on the impartial part of fifty.
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