Token Sales have been increasing as investors search for the next big thing and experience fear of missing out (FOMO). This year, Metacade Investors have contributed over $16 million with a market cap of more than $25 million. In contrast, Chancer has raised more than $400k in just three weeks.
Chancer is a company aiming to disrupt the giant industry of sports betting and predictions. This industry is worth billions of dollars, with large companies like DraftKings worth $11 billion, Penn Entertainment worth over $4 billion, and other companies like Flutter Entertainment, Entain, and 888 Holdings.
Betting is becoming increasingly popular, especially in the United States where many states have legalized online sports wagering. Analysts expect more states to accept gambling in the future.
Chancer is creating a platform to let people bet on their favorite sports and create their own markets. For example, Chancer users can create markets and invite their friends to bet on them. The $CHANCER Token will power the ecosystem on several levels. Firstly, the token will be used to decentralize the entire ecosystem, allowing token holders to vote for important changes to the ecosystem. Secondly, $CHANCER holders can create their own markets and monetize them. Lastly, token holders can make stake returns in the ecosystem.
The Chancer developers have several plans for the third quarter. The token sale will continue and the first stage is expected to be completed soon, raising $1,000,000 with each token sold for $0.01 BUSD. The developers will list the token on Uniswap, CoinGecko, CoinMarketCap, and other popular exchanges. Additionally, they will build the BETA platforms and launch the validator node programs.
Chancer seems like a good investment. Investors who purchased tokens in the first phase will have more value than those who purchased in later phases. However, caution should be exercised when investing in an Initial Coin Offering. For this reason, it is recommended to invest a small amount of money you don’t mind losing. You can read more about the Chancer token here.