The novel crypto betting platform, Chancer, has revealed its plan to introduce Ethereum and Tether as new token purchase options. This strategic manoeuvre supplements the already available options of Binance Coin and Binance USD, enhancing the project’s appeal and gaining considerable attention in the realm of crypto startups.
This news arrives as Chancer continues to achieve remarkable milestones in fundraising. In a short span of four weeks, the startup has amassed over $750,000, with the initial $400,000 raised within the first two weeks alone. The introduction of ETH and USDT as additional purchase options is anticipated to spark further influx of investments into its ongoing presale.
Expanding the Investment Landscape
The incorporation of Ethereum, the globe’s second-largest cryptocurrency by market capitalization, poses tremendous opportunities for Chancer.
Paul Kelbie, co-founder and head of product, confidently asserted, “We believe our project will thrive because we carefully analyze the market and value our investors’ input.“
The Ethereum and Tether options have been instrumental in the success of previous blockchain presales, sparking investor interest.
Importantly, the introduction of ETH tokens won’t affect the total token supply of 1.5 billion, thereby safeguarding the value of existing purchases. To balance the new allocation, an equivalent amount of BSC tokens will be removed from circulation.
Looking ahead, Chancer is set to make its debut on cryptocurrency exchanges. The integration of ETH pairs will offer increased trading versatility, providing both ETH and BNB pairs, and thus amplifying accessibility for traders.
Leveraging Google’s WebRTC technology, Chancer facilitates a unique, user-controlled betting experience. It enables users to devise their own betting markets, set odds, establish rules, and conduct peer-to-peer betting.
Chancer Raises $750K: Implications for the iGaming Industry
Chancer’s innovative approach and its successful adaptation of cryptocurrency could have significant implications for the iGaming industry:
- Proliferation of Peer-to-Peer Betting: Chancer’s model could encourage more platforms to adopt peer-to-peer betting, allowing users to have greater control over their betting experience.
- Increase in Crypto Adoption: The introduction of popular cryptocurrencies as transactional options could push other online betting platforms to follow suit, fostering broader acceptance and use of digital currencies in the industry, like NFT gambling and Web3 lotteries.
- Boost in Decentralization: Chancer’s focus on decentralization and quadratic governance may set a precedent, promoting more platforms to adopt such democratic and transparent governance models.
Chancer’s journey in reshaping the online betting landscape continues, with plans to launch its mainnet in Q1 2024, coinciding with the 2024 Olympics. With the ambition of becoming a primary platform for Olympic event betting, it’s clear that Chancer is one to watch in the iGaming industry.