Chancer, a Web3 platform hailing from Britain, has recorded significant traction in its first presale event. In just one week, the platform managed to sell over 25% of its initial token offering. The firm is on track to raise $1 million in this initial round, with plans for 11 further presale events on the horizon.
Chancer: A New Face in the Betting World
Rather than follow traditional online betting models, Chancer positions itself distinctively within the burgeoning Web3 ecosystem, one that is thriving thanks to decentralised casinos and web3 lotteries. As a decentralised peer-to-peer (P2P) betting platform, it offers live streaming of a variety of betting events, broadening the scope beyond the customary sports-related bets.
Escaping the limitations typically imposed by bookmakers, Chancer enables users to establish their own betting markets. This is accomplished by leveraging user interests, social media connections, and expertise. Its unique P2P structure facilitates real-time interaction, accommodating both mainstream events and quirky personalised bets.
To quote the project’s whitepaper, “users can predict odd events such as the day man will walk on Mars or even personal bets amongst friends and colleagues to determine the first person to complete a task“.
Fundraising Milestones of Chancer
Accorrding to CoinJournal, Since launching on June 13th, Chancer has raised an impressive $258,000, a sum that signifies over 25% of the necessary funding. This capital will serve to aid the development of the company’s innovative products.
The company’s native token, CHANCER, fuels a wide array of activities within this vibrant ecosystem. These tokens allow holders to create and invest in various markets, and also offer users the ability to participate and profit from their predictive markets.
Moreover, the option to stake CHANCER tokens provides an opportunity for users to earn additional income by providing liquidity, thus promoting a healthier ecosystem.
The use of CHANCER tokens as rewards for successful betting outcomes is also aimed at increasing user engagement on the platform. The Chancer platform supports a wide array of wallets, including Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow wallets, for the purchase of CHANCER tokens.
Implications for the iGaming Industry
- Chancer’s unique approach to decentralised betting could prompt a broader shift towards more user-centric models in the iGaming industry.
- The platform’s success in fundraising suggests a high level of investor interest in innovative, crypto-enabled betting platforms, signalling potential growth within this sector.
- Chancer’s system of rewarding users with its native token could inspire similar reward-based engagement strategies in other iGaming platforms, reshaping user retention and interaction in the industry.