Monat: Juni 2023

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People can set up custom P2P betting markets on Chancer’s new betting platform

  • Chancer is using blockchain technology for a social betting platform.
  • The new platform allows users to set up their own P2P betting markets including setting their own odds.
  • Chancer is currently in the development phase with the CHANCER token presale 3 days away.

Chancer is a new blockchain-based predictive markets platform that seeks to leverage blockchain technology to develop a social betting platform.

The platform is currently in the development phase with the presale of its native cryptocurrency, the CHANCER, scheduled to start on June 13th, 2023. According to the whitepaper, the presale together with other key development elements is scheduled for completion in Q2, 2023.

Customized betting markets

Chancer offers users a decentralized platform that enables them to set up their own unique peer-to-peer (P2P) betting markets without being restricted by what bookmakers offer and their odds. It is crucial to understand that Chancer enables the user to become the house; it is not the house itself.

The platform allows users to not only bet friends but also set their own odds and compete with bets from around the world.

Unlike many betting platforms, Chancer allows betting on any event, including singing contests, friendly wagers between groups of friends (for example, users can wager that their friend will or will not complete a task with specific parameters in place), and even the day that a man will set foot on Mars. This indicates that there are many more things users can do with the platform, which should make it more appealing to users since it is more inclusive and multifunctional.

In addition, any user can set up a betting market, confirm their odds and a set resolution source (so it’s transparent how the outcome will be reviewed), and subsequently anyone can participate and take them up on their wager.

The user also has the choice of setting up the bet to only let friends participate in their market, or let anyone in the world join in and back either end.

The bets will be facilitated by the CHANCER token; meaning for anyone to participate on the platform. Interested parties will have the opportunity to buy the token during the presale that opens in three days’ time.

Is Chancer a good investment?

Well, there is a lot that an investor considers before settling on investing in a particular project. And one of the main factors is whether the project is legit or not.

To that extent, the Chancer team have subjected Chancer’s specifications, smart contract, and team to an audit by CertiK, a leading blockchain security firm that provides auditing and consulting services to enhance the security and trustworthiness of blockchain projects. The audit confirms that Chancer’s code and roadmap meet the high standards required in Web3.

Seeing that Chancer is Certik-verified, we can now move to the next factor which is the value of the CHANCER token which is built on Binance Smart Chain (BSC). 

Going by the presale schedule, the value of CHANCER is projected to rise from $0.010 in the first stage to $0.021 in the last stage. There will be 12 presale stages in total that will raise $15,000,000.

Those interested in the presale will be able to purchase CHANCER tokens only using BNB or BUSD (BEP20) tokens.

Chancer BETA launch date

Chancer plans to launch its BETA in Q3, 2023, which is after the conclusion of the presale and listing of CHANCER on Coingecko, Coinmarketcap, Uniswap, and at least two centralized crypto exchanges.

The mainnet launch is scheduled for Q1, 2023 after successful market-making testnet, virtual betting testnet, Initiate WebRTC-Live Streaming testnet, and deployment of Full Validator Nodes testnet launches.

The post People can set up custom P2P betting markets on Chancer’s new betting platform appeared first on CoinJournal.

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Chancer to launch token presale for its prediction platform

  • Chancer, a new company, will launch its token presale on June 13.

  • The company hopes to use blockchain to disrupt the predictions market.

  • Users will be able to create their own blockchain-secured markets.

The sports betting industry is going through significant growth around the world. Most of this growth is coming mostly from the United States, a country where online betting was banned. Today, American betting companies like Fanduel, DraftKings, and BetMGM among others have become giant enterprises worth billions of dollars.

The blockchain industry can disrupt the sports betting industry because of its global nature. Several blockchain companies are seeking to disrupt the industry. Some of the companies seeking to disrupt the sector are SportX and Gnosis. Now, Chancer, a new company is entering the sector, which analysts believe is ripe for disruption.

What is Chancer?

Chancer is a new company seeking to change the sports betting industry by introducing new features that are not offered by existing companies. The ecosystem will be secured using the Biance Chain blockchain, which is the market leader in dApp development.

The most unique feature for Chancer is that, in addition to the available market, users will be able to create their own markets, which other users can place bets on. For example, a user can create a market for an upcoming game.

In addition to sports, users can create a market for current affairs. For example, in an election year, the creator can create a market for the potential winner or loser for the event. While similar betting markets exist, many of them exclude some events, which Chancer’s users can take advantage of.

According to the developers, the betting market will be facilitated by the $CHANCER token, which will be created using Binance’s blockchain. In the future, the token will also be used for governance purposes, where holders will be able to submit and vote on proposals.

Chancer will have several features, including the use of smart contracts, open-source code, decentralised nodes, and decentralised data storage. You can read more about Chancer and how it works in its white paper.

Chancer’s upcoming token sale

As part of the developers’ product launch, they are planning to launch a token sale soon. A token sale is a situation where users contribute funds to a project and are entitled to tokens when they are listed. These users can then exit as soon as they are listed or hold them for a long time. In the past, many people have made a fortune by investing in token presales.

Chancer is planning to raise $15 million in a token sale that will have 12 stages. In each of this stages, the price of the token will be higher. Chancer’s token sale will start on June 13th of this year.

Chancer roadmap

Chancer’s developers have already done the preliminary work, including launching the website and commissioning a Certik audit. Other activities set to take place in the second quarter are launching the presale process, releasing the technical roadmap, and announcing partnerships with centralized exchanges. 

The third-quarter activities include launching the BETA version of the Chancer platform and launching the validator node program. In Q4, the focus will be on product development testnet. The project will incorporate Filecoi in Q1 of next year and remove centralized entities in the ecosystem.

Will $CHANCER be a good token?

It is still too early to determine whether Chancer will be a good investment. Besides, the token sale is yet to start. And historically, investing in presales and Initial Coin Offerings (ICOs) tends to be a high-risk and high-reward proposition. 

Therefore, in this case, my view is that interested investors can allocate some cash to Chancer. As with other crypto projects, the investor should be aware of the risks involved.

The post Chancer to launch token presale for its prediction platform appeared first on CoinJournal.

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No more panic? Crypto resilient after Binance lawsuit, but BNB hits a 6-month low

  • Binance Coin has fallen by double digits after SEC initiates investigations on exchange

  • The rest of the crypto sector remains resilient, with AltSignals having potential

  • $ASI presale demand could fuel the price increase when the token lists on exchanges

News that the US Securities and Exchange Commission has sued Binance and later Coinbase could be the hottest in crypto now. As an exchange that controls more than 60% of crypto volume, Binance’s lawsuit was expected to generate shockwaves. Binance is accused of 13 counts of violations, one being offering unregistered security tokens. Coinbase is charged with operating an unregistered securities exchange, clearing agency, and broker. 

BNB falls to a 6-month low with resilience across the sector

Binance Coin (BNB) traded at $261 on June 8 on the back of ongoing tussles between the crypto exchange and SEC. The last time the cryptocurrency traded at this level was on January 23, implying a nearly 6-month low. 

Despite this significant price drop, the rest of the sector looks resilient. Bitcoin trades at $26,400, Ethereum at $1,840, and XRP at $0.51. Although slightly lower, the price decline has been low compared to the market event triggered by FTX in November 2022. 

Elsewhere, DeFi activity has remained steady across various platforms, according to DeFiLlama. The total value locked has remained around $45.43 billion. The resilience underlines positive sentiment among investors, unlike previous panic-involving events. The DeFi activity, in conjunction with stable crypto prices, means a potential recovery as circumstances of SEC lawsuits settle.

AltSignals to benefit from a post-SEC market resurgence

It might not be clear when the case of Binance with SEC will conclude. Similar cases like the Ripple entanglements have lasted years. However, a potential clearance of the regulatory hurdle will boost demand for digital assets. AltSignals, a new entrant into the space and currently on presale, could benefit from this development.

AltSignals ($ASI) endears as crypto for traders. The token is 87% sold out in presale, with an innovative trading platform being the main attraction. $ASI offers value for investors looking to earn by belonging to a trading community. With a potential renewed focus on tokens not seen as securities under the SEC classification, $ASI could attract investors and unlock a projected 10x return.

Understanding AltSignals and $ASI

AltSignals is a proprietary trading signal platform created in 2017 by a team of experienced UK traders. The signal service covers forex, crypto, and stocks as its main instruments using a technical analysis tool, AltAlgo™. 

A strong demand for AltSignals service has prompted its team to explore a more advanced technical analysis tool using artificial intelligence. The AI platform, dubbed ActualizeAI, will run on the Ethereum network. The platform will use AI to generate more quality trading signals.

Members of ActualizeAI will need to own $ASI as the native token, which they can use to vote on governance. The benefit of belonging to a trading community has fueled the demand for $ASI, explaining the robust presale.

Members can also earn $ASI by participating in trading-related tournaments and contributing to ActualizeAI projects. ActualizeAI members also have exclusive access to other presale opportunities.

$ASI prediction in 2023

2023 is another harsh year for cryptocurrencies, although the market has regained stability after a disastrous 2022. That means the potential for overzealous price increases for any cryptocurrency could be overambitious but realistic.

However, the above can’t be said of new and innovative tokens like $ASI. Newly launched tokens have risen by triple digits as the hunt for memes and high-value crypto projects continues in a bear market. As such, the potential for $ASI remains high once it launches on exchanges like Uniswap.

A projected increase of 10x is a realistic target by the end of 2023, considering that the token has the backing of an existing trading community. If $ASI rises by this margin, a price of $0.15 would be the potential minimum for investors.

The post No more panic? Crypto resilient after Binance lawsuit, but BNB hits a 6-month low appeared first on CoinJournal.

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Coinbase CEO sold big chunk of company shares a day ahead of SEC complaint

  • Brian Armstrong sold over 29,000 shares ahead of SEC lawsuit.
  • Fox Business journalist says the sale was perfectly legal.
  • Coinbase shares are currently down 35% versus their YTD high.

Shares of Coinbase Global Inc were hit hard this week after the SEC sued the crypto exchange. But the sell-off was relatively less damaging to CEO Brian Armstrong.

Did CEO Armstrong do anything illegal?

Reportedly, the Chief Executive sold 29,730 shares of the company in total only a day ahead of the SEC’s complaint prompting many to question if it had anything to do with insider trading.

According to Eleanor Terret – a Fox Business journalist, though, it was a perfectly legal sale as it was planned even before Coinbase was served a “Wells Notice”. Her recent tweet reads:

According to the SEC filings database, this was part of a pre-planned stock sale initiated in August 2022 that was intended to comply with Rule 10b5-1(c).

The SEC lawsuit resulted in an increase in Ethereum withdrawals at Coinbase this week (read more).

Some in crypto community are still not happy

Terret’s explanation, though, was not sufficient to satisfy everyone in the crypto community.

Some of them continue to see offloading shares at least as a lack of loyalty or a lack of confidence on CEO Armstrong’s part. David Orr – a Twitter user, for instance, wrote on the social platform:

It’s a fairly easy process to cancel/terminate a 10b5 plan. The optics here are terrible given his PR campaign to label himself and Coinbase as saviors of crypto.

Nonetheless, it remains to be known if such comments will make Coinbase CEO adjust the schedule of his future share sales. Versus their year-to-date high, Coinbase shares are currently down about 35%.

The post Coinbase CEO sold big chunk of company shares a day ahead of SEC complaint appeared first on CoinJournal.