Logan Paul under fire over $1 million bet proposal

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  • Logan Paul will face Dillon Danis in a bocxing match on October 14.
  • Paul, a social media character and WWE star, is prepared to wager $1 million he’ll win. The wager has attracted widespread criticism.
  • In the meantime, decentralised betting platform Chancer has raised over $1.3 million in presale.

YouTuber and WWE character Logan Paul is buzzing for his subsequent occasion – a boxing bout in opposition to Brazilian Dillon Danis. The match is about for October 14 in Manchester, England. Paul, whose YouTube fame has catapulted him into profitable offers in fight sports activities, is assured he’ll beat Danis and is prepared to wager $1 million on it.

The wager proposal has been closely criticised throughout crypto – we inform you why and clarify why legit bets similar to Logan Paul’s may discover a residence on a brand new blockchain-based betting platform referred to as Chancer.

Logan Paul’s $1 million wager – what’s the criticism?

28-year outdated Logan Paul has had some high-profile matchups, together with an exhibition bout in opposition to Floyd Mayweather. His appearances on WWE have additionally been nice reveals. 

Now he’s hyping up his upcoming boxing match in opposition to Dania, a 29-year outdated jiu-jitsu black belt holder and trainee of former UFC champion Conor McGregor.

Paul is assured he’ll beat the Brazilian and has proposed a $1 million wager with McGregor. 

The transfer has been closely criticised throughout the crypto neighborhood, with many criticising the social media character for contemplating such a wager when he hasn’t adopted via with a promise to reimburse victims of his CryptoZoo (ZOO) undertaking.

CryptoZoo launched in 2021, promising a cryptocurrency recreation powered by the ZOO token and NFTs. The undertaking rallied (read more here) as NFTs exploded onto the scene throughout the bull market. Nevertheless it has largely didn’t dwell as much as projections and Paul said earlier this 12 months that he’d make it proper with the affected buyers.

That hasn’t occurred but and the most recent occasions the place he’s prepared to wager $1 million on a match’s final result has left many unamused. Shouldn’t he be utilizing that cash to refund CryptoZoo NFT consumers? Danis himself had a go at Paul by way of a put up on X (fka Twitter).

Whereas Logan Paul comes underneath fireplace for his crypto “rip-off”, the one factor that one can take from his wager proposal is that betting is right here to remain. And so is crypto and, possible, the brand new betting undertaking Chancer.

What’s distinctive about Chancer?

The playing and betting sector is one main world business, at the moment projected to develop double figures yearly for the following ten years. Conventional bookmakers will little doubt see this development. However buyers are being attentive to a possible game-changer for the entire business – Chancer?

Chancer is an internet betting platform constructed on blockchain and providing a revolutionary mannequin that would rework betting for thousands and thousands of individuals. It is because in contrast to centralised betting corporations, Chancer will permit customers to create their very own bets on 1000’s of occasions, from mainstream sports activities, esports, and leisure and so forth.

On Chancer, customers can set their very own odds and play by their very own guidelines, together with dwell streaming bets to ask others from throughout the globe to affix. The peer-to-peer platform may due to this fact develop into the main decentralised social betting platform on the earth.

Study extra about how Chancer works here.

International buyers flock to Chancer, over 31 million tokens bought in weeks

Chancer is seeking to disrupt an $80 billion world playing business with its new blockchain-based betting platform. Buyers have taken observe of the potential for the undertaking’s revolutionary providing and are aggressively allocating funds to assist convey it to the market.

That sentiment is what’s possible behind the massive curiosity within the native $CHANCER token, whose presale has been one of many few highlights of an in any other case boring summer season for crypto. To this point, buyers have scooped greater than 31 million $CHANCER tokens, serving to to boost over $1.3 million.

The presale at the moment has $CHANCER tokens priced at $0.011 and buyers can purchase with ETH, BNB, USDT and BUSD.

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