Chancer is an upcoming platform that is backed by blockchain technology. It will go live later this year, becoming a part of the industry that houses many more sports betting platforms. Chancer is simultaneously backed by the revenue of $1.4 million that it has raised through tokens in the past few weeks.
There are basically two factors that are likely to drive the success of Chancer. The first is the macro-growth of the industry, and the second is its blockchain technology along with the native token, $CHANCER. Betting on sports is anyway one of the best forms of entertainment that people tend to look at when they want to pass their time. Having another platform in the pocket gives them an added option to try the fortune.
Talking about the macro impact, all the major players in the industry have published strong financials. Their revenues are substantially up, majorly surpassing the expectations of the community. For instance, the revenue number of Flutter jumped by 42% in the first 6 months of the current year. Moreover, its number of users increased by 28%, becoming a perfect example of a win-win situation.
Users soared by 28% per a statement issued by the Head of the venture. The statement elaborates that almost 2 million new users have been acquired in the first half of the year, further adding that the growth has cemented their position as an operator in the iGaming industry.
Entain is another example that has delivered strong financials. Per its report, the revenue went up by 19%, with most of the revenue coming from the US. Revenue for DraftKings crossed the mark of $874 million in the second quarter. EBITDA is said to be in the greener territory.
Stock prices of all the players in the iGaming industry have increased by an average of 20%. Entain is an exception, with the underperformance credited to its legal issues. Crypto sports betting sites are not uncommon anymore, but the one that is backed by blockchain technology of Chancer is. Therefore making all the necessary buzz in the industry.
The internal factor that is likely to drive its growth is the same technology. Its native crypto token, $CHANCER, is bringing an opportunity for holders to become an imperative part of the ecosystem. Players who acquire the native token will gain their say in the governance protocol with the eligibility of earning a share of profit.
Features of Chancer will be managed in a centralized manner. The norm is uncommon in traditional companies. The cryptocurrency token $CHANCER can be bought from the official website of Chancer.
It has been teased as a unique betting platform as it enables players from around the world to participate in games. $CHANCER will facilitate all the necessary payments in the ecosystem. The token has a lot of room to grow, but it is advised to do research before betting onboard.