Blockchain-based project Chancer has sold 25% of its presale tokens within one week of its inaugural launch.
Over the last seven days, the firm has already successfully raised a surplus of $250,000 and hopes to accrue over $1m within the first presale alone.
The firm hopes to use a portion of the funds to develop a range of its products.
Numerous brokers and advisors have reportedly already invested in the project, and 11 more cryptocurrency presale events have been planned for the future.
Acting as the native token of the Chancer ecosystem, Chancer will power a range of activities on the platform, priced at $0.01 BUSD per token in the presale stage.
Chancer holders can create and invest in markets curated by other users and participate in and profit from their own predictive markets based on their user interests, social media connections, and expertise.
The Web3 peer-to-peer (P2P) custom betting platform aims to help users live-stream betting events and supports a range of decentralized properties – similar to several other projects within the Web3 ecosystem.
The decentralized platform grants the firm the means to tend to users interested in betting on multiple events besides sports.
Such a feature gives Chancer leverage over rival firms acting as a major priority for Bitcoin sportsbooks with large user bases.
According to the firm’s whitepaper, Chancer has removed constraints put in place by bookmakers and users can initiate their own P2P wagering markets using its decentralized platform.