Chancer Sees Strong Momentum in Pre-Sale as Interest Builds in Predictive Betting Platform
Threads, the new Twitter competitor, has reached a record-breaking number of over 100 million users just days after its launch. Chancer, a predictive market app based on blockchain, aims to revolutionize the betting market. The $CHANCER pre-sale is gaining momentum as investors are excited about the potential of the project.
The Chancer pre-sale gains new momentum: over 67 million tokens have been sold so far, raising nearly $680,000. This is happening as the investor community learns more about the potential impact of this blockchain-based prediction market platform on the global betting industry.
The project is also generating interest at a time when something is taking shape that could become an epic battle in the social media arena.
What are Threads?
Mark Zuckerberg, CEO and founder of Meta Platforms (formerly Facebook), recently announced the launch of Threads, a new social media platform that is considered the biggest threat to Twitter. Just days after its launch, Threads surpassed 100 million users, with over 30 million sign-ups within a few hours.
The rivalry between this Instagram sister app and Elon Musk's platform could be just the beginning of a massive battle. Musk has already referred to Threads as a copycat and his legal team has threatened legal action, alleging that Meta has poached former Twitter employees to obtain insider information used to create Threads.
Threads has Twitter-like features such as liking posts, commenting, retweeting, and sharing. However, there are no direct messages or hashtags. The app does support 500 characters per thread (more than Twitter) and videos of up to 5 minutes.
Twitter vs. Threads: Where Are You Betting Your Money?
Statistics show that Twitter has fewer than 370 million users, which means Threads could potentially overtake it. It is noteworthy that Twitter had to wait five years to reach 100 million users, a feat that Threads achieved in just four days.
Predictions about whether Threads will surpass Twitter or not are currently part of the social discussion. It is also not surprising that some people have placed bets on one outcome or the other.
Even though the probability of a "cage match" between Musk and Zuckerberg is completely unlikely, the blockchain-based Chancer app could be the place where most bets take place if it ever comes to that.
What is Chancer?
Chancer is a new platform for predictive markets that aims to utilize the power of blockchain technology to revolutionize the betting industry. While some crypto projects offer prediction market products, Chancer takes a different approach in the industry - one that is tailored to wrest control from traditional bookmakers.
The goal is to replace the centralized approach of old betting companies with a decentralized peer-to-peer (P2P) model. According to the Chancer whitepaper, the aim is to give users control over the markets (odds, rules, payouts).
Betters participating in any market can play by their own rules and take advantage of the native $CHANCER token to benefit from passive income opportunities. Token holders also have the option to passively earn money by staking tokens to increase network security.
The Chancer Pre-Sale Gains New Momentum
$CHANCER is currently in pre-sale as a Binance Smart Chain token. There is new momentum for the token sale as investors have invested over $200,000 in two days, raising the total fundraising to over $676,000.
As highlighted by CoinJournal in June, Chancer's unique approach could be very attractive to investors.
Investors participating in the pre-sale are helping Chancer raise funds to fulfill its mission of democratizing the betting industry. And it is likely that an investment now, while native token prices are still low, could yield significant returns in the future.
The platform aims to raise $15 million in 12 pre-sale phases.
A Look at the Chancer Roadmap
In addition to the whitepaper that describes the technology behind the project and how it works, many people considering investment in the token are also looking at the roadmap. In most cases, a clear roadmap with strategic milestones is crucial to the overall success of a project.
Chancer's roadmap envisions the token being listed on exchanges in the third quarter of 2023, followed by further development of the P2P platform in the next quarter. Testnets for the product will then pave the way for the mainnet launch expected in the first quarter of 2024.
The platform will also integrate Filecoin for file storage and introduce its quadratic governance system as it works towards true decentralization.
If you're looking for more information about Chancer before making your investment, here is a good starting point.
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