Kategorie: Crypto Markets

Key takeaways

• Chancer has sold more than 25% of its presale tokens within a week of launching its first presale event.

• The team seeks to raise $1 million in the first presale and will carry out 11 more presale events afterward. 

Chancer has raised more than 25% of its required funding in its presale stage just a week after it was launched. The development team has raised more than $250,000, an indication that the project could become popular amongst investors.

With more than 25% of the allocated tokens already sold, does this present an opportunity for investors to look at the project? 

What is Chancer?

The Chancer presale started a week ago, and numerous investors have already invested in the project. However, before you invest in the project, you might want to look at the project and what it brings to the broader crypto market. 

Chancer is a unique Web3 peer-to-peer (P2P) custom betting platform that allows users to live stream betting events. 

Similar to hundreds of other projects within the web3 ecosystem, Chancer is decentralised. This means that it operates a decentralised betting platform that allows users to bet on a wide range of events, beyond the sporting and popular ones. 

Chancer seeks to develop a P2P betting platform that allows users ti enjoy betting markets in real-time and based on user interests, social media connections, and expertise. 

According to their whitepaper, Chancer eliminates the constraints put in place by bookmakers. Users can set their own custom P2P betting markets using its decentralised platform. 

Perhaps one of the biggest selling points of Chancer is that it is a betting platform that is not exclusive to sporting or popular events. Users can bet on sporting events such as football and basketball matches.

However, they can also bet on any event they desire, whether mainstream or made-up. They can predict odd events such as the day man will walk on Mars or even personal bet amongst friends and colleagues to determine the first person to complete a task, 

Chancer raises over $250,000 in a week

Chancer’s token presale launched on June 13th, and the team has already made huge strides so far.

Over the last seven days, Chancer has raised $258,000, which is more than 25% of the required funds. The team seeks to raise $1 million during the presale stage and will use the funds to develop some of its products. 

CHANCER is the native token of the Chancer ecosystem and will power various activities on the platform. In the presale stage, CHANCER is going for $0.01 BUSD per token. 

The CHANCER token allows holders to create markets and invest in markets created by other users. Furthermore, the token would enable users to create, participate in, and profit from their very own predictive markets. 

Users can find and participate in markets based on their interests, expertise, and social opportunities.

The development team will also allow token holders to stake their CHANCER token, allowing them to earn more money by providing liquidity to the ecosystem. 

CHANCER token holders will also get to enjoy fees for creating and participating in markets. Furthermore, the tokens would be used to reward participants for successful betting outcomes, boosting the platform’s engagement. 

This is the first presale, and the team will organise 11 more after this. The Chancer team seeks to raise $15 million over the course of the 12 presale events. 

At the moment, investors can connect a wide range of wallets to the Chancer presale. Investors can buy CHANCER tokens by connecting their Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow wallets to the Chancer platform. 

Should you invest in Chancer?

The decision to invest in Chancer should come after in-depth reading of the project’s whitepaper and an understanding of how it works. However, Chancer could prove to be an interesting project due to its unique nature.

Chancer is focusing on decentralising the betting ecosystem and could get a sizeable market share if the adoption rate soars. 

The platform allows users to enjoy transparent and easier betting processes. Chancer is still in its early stage, and the token currently goes for $0.01 BUSD in the current presale. The team will increase the price to $0.011 in the next presale event. 

The post Chancer sold over 25% of its presale tokens within a week appeared first on CoinJournal.

• Sui awarded CertiK for identifying a vulnerability dubbed “HamsterWheel” on Sui Blockchain.
• The “HamsterWheel” vulnerability traps nodes in an endless loop similar to hamsters jogging on a wheel.
• HamsterWheel attack demonstrates the evolving sophistication of threats to blockchain networks.

Sui Blockchain has awarded the blockchain security company CertiK a $500,000 bounty for identifying a threat that could have brought down the entire Sui layer-1 blockchain.

The identified vulnerability is called “HamsterWheel” and the CertiK team explained that the vulnerability was distinct from more conventional attacks that aim to crash nodes and bring down blockchains.

HamsterWheel attack details

Similar to hamsters running on a wheel, the HamsterWheel attack traps nodes and allows them to carry out operations without processing new transactions. The attack has the power to paralyze networks and render them unusable.

Certick identified the HamsterWheel vulnerability before Sui’s mainnet launch at the beginning of May 2023. Sui then went ahead and implemented fixes in response to the security threat to guard against the potential harm that an attack could cause to the blockchain.

Sui gave CertiK a $500,000 bounty as a thank-you for their efforts; emphasizing the value of bug bounty programs and preventative security measures.

Blockchain security

According to CertiK’s chief security officer Kang Li, threats to blockchain networks are constantly changing. Li stated that “the HamsterWheel attack’s discovery demonstrates the evolving sophistication of threats to blockchain networks.”

CerticK’s announcement states that additional technical information will be released and made accessible soon. Additionally, once all mitigations have been implemented and thoroughly tested, complete reports will be made public.

The post Sui Blockchain awards blockchain security firm CertiK $500K CertiK for flagging a threat appeared first on CoinJournal.

• Quant (QNT) price jumped to near $117 on Friday, but traded near $100 on Monday morning.
• QNT was down amid selling pressure after rallying on news the blockchain platform had collaborated on a UK CBDC with the Bank for International Settlements (BIS) and Bank of England.
• The collaboration is seen as a potential positive trigger for future QNT price gains, although currently bears can target $80.

As major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) struggle with fresh sideways grind, some investors are taking whatever profits they can. This is the case with crypto markets down today.

The price of Quant (QNT) is down 2% in the past hours, trading just under $100 early morning on Monday. 

However, the token had jumped to highs near $117 on Friday after news that the blockchain platform had collaborated with the Bank for International Settlements (BIS) and Bank of England on the UK’s central bank digital currency (CBDC).

QNT’s daily trading volume was $32.3 million, with a 24-hour decline of 26% from a day earlier.

Quant collaborates on Project Rosalind test for UK CBDC

Quant, founded in 2018, is a UK-based blockchain platform that seeks to make it easy for traditional financial institutions to tap into blockchain technology. The platform pioneered the interoperable blockchain network Overledger, which market experts say could be critical to the development of CBDCs.

On 16 June, Quant announced it had played a role in Project Rosalind, acting together with digital transformation platform UST as a project vendor. Project Rosalind is a test for the UK CBDC, which was led by the Bank for International Settlements and Bank of England. Other participants were Bank of Canada, Barclays Bank, Amazon and Mastercard.

The test sought to explore how application programming interfaces (APIs) could be used for CBDC systems.

The test showed that APIs had the potential to enable CBDC systems to deliver several benefits related to payments functionality and security. Rosalind also showed that innovative use cases around CBCDs were possible, including their use in supporting further digitization of the economy.

“For the first time money is ready for the digital age,” said Gilbert Verdian, founder and CEO of Quant. “A CBDC will enable citizens and businesses to automate cumbersome payments and processes and implement logic into money”

Verdian has urged banks and other financial institutions to “read the Project Rosalind report and start planning their smart money infrastructure strategy.”

Quant price prediction

Quant’s role in Project Rosalind and the news of it as announced on Friday was a positive catalyst for the price of QNT. With this outlook, the blockchain platform signals its potential role in the growing CBDCs space.

But in terms of price movement over the past 10 months, the bear market sell-off sees the token currently trade more than 76% from its all-time high above $427 reached in 2021. It’s a trend that could see QNT drop to sub-$80 levels, a target for bears, if the support level near $95 fails.

On the flipside, if an upbeat sentiment permeates the crypto market – probably led by Bitcoin (BTC) price rebounding to $30k, QNT could recover and target $200. The two likely hurdles on the upside are $105 and $120.

The post Quant price outlook after Project Rosalind news catalyse QNT gains appeared first on CoinJournal.