Chancer token sale thriving as crypto fear and greed index sleeps

• The concern and greed index within the crypto trade has remained in a impartial part.

• Chancer, a brand new blockchain for the betting market, has raised over $1.2 million.

Cryptocurrencies have been in a good vary for the reason that first week of July as their demand has fizzled. Most cash, together with in style names like Bitcoin, Ethereum, and Ripple have consolidated because the concern and greed index has been caught on the impartial level of fifty. 

Regardless of this consolidation, crypto buyers are nonetheless profiting from rising tendencies like shopping for pre-sale tokens. Chancer, a brand new blockchain aiming to disrupt the sports activities betting trade, has emerged as one of many prime tokens. It has raised over $1.2 million prior to now 30 days.

What’s Chancer?

The sports activities betting trade is a serious one. For instance, DraftKings has a market cap of greater than $14 billion whereas Flutter Leisure and Entain are valued at 26 billion and eight.93 billion kilos, respectively. Different multi-bilion greenback betting firms are Penn Leisure, Churchill Downs, and Boyd Gaming amongst others.

These firms have grown quickly, due to the web and pleasant laws in most nations. For instance, a Supreme Courtroom ruling striked down a federal legislation that prohibated sports activities betting. Because of this, it’s now authorized to wager in lots of states in america.

Chancer is aiming to disrupt the trade by utilizing the blockchain know-how. Its platform might be loaded with extra options that may make betting simpler and extra social. For instance, any $CHANCER holder will have the ability to create a market and earn money as folks place their bets in it.  Chancer’s white paper provides:

“These tokens not solely grant you the flexibility to create markets but in addition present a chance to put money into markets created by different people. By holding $CHANCER tokens, you’ve gotten a direct stake in our platform’s triumph.”

You should buy the Chancer token here.

Chancer might be extremely decentralized

Most significantly, Chancer might be extremely decentralized. Whereas it will likely be centralized at first, the builders will afterward create a decentralized autonomous organization (DAO) that may govern the community. This DAO will set guidelines, add integrations, and make key selections.

Additional, Chancer customers will have the ability to share the earnings made by the community. That is opposite to what centralized betting firms like DraftKings and Flutter Leisure, the place the managers make all the choices.

Due to this fact, there’s a probability that the Chancer token will do effectively when the token is listed in exchanges like Binance, Huobi, and OKX. It has already demonstrated that there’s demand for the token through the pre-sale interval.

Most significantly, this token sale is going on when there’s restricted demand for cryptocurrencies as evidenced by the concern and greed index, which has remained on the impartial part of fifty.