- Crypto hacks have caused concern among sidelined investors, who suggest that the industry’s security problems are more than enough to dissuade people from using decentralized technologies.
- However, the markets continue to disagree with that analysis, and new projects such as Chancer perform strongly during their early investment stages.
For now, the Chancer presale is still active, and it could be a great potential investment opportunity for several reasons. The native token, CHANCER, is in stage 1 of the Chancer presale, available for $0.01 for a limited time only.
Could crypto hacks deter investment in new crypto projects such as Chancer? Experts say that the markets decide
Security issues have plagued the crypto industry for a critical reason – peer-to-peer technology relies on self-custody and trustless smart contract interactions. This weakness, combined with a variety of flaws in the design of different blockchain protocols, can lead to a problematic level of loss when it comes to user funds.
Over $204 million was lost to crypto hacks, theft, and malpractice during the second quarter of 2023. These losses equate to approximately 0.02% of the total crypto market cap, which has led some analysts to claim that the industry has an insurmountable security problem.
Some judiciary must prosecute financial wrongdoing to have a deterrent, whether on-chain or off-chain. The main problem with crypto hacks is that scammers can get away with malpractice too often due to the complicated ways that crypto wallets are accessed and the dubious security of some unregulated exchanges.
For many investors, the headlines about crypto hacks can be alarming. However, despite the bad news, cryptocurrency continues to rally during a strong year for digital assets. Projects such as Chancer have launched highly promising initiatives during this time, and the recent problems have not dampened early-stage investment in blockchain technology to any significant degree.
What is Chancer?
Chancer is the first decentralized prediction market in the world. One significant advantage of using the site is the possibility of altogether avoiding centralized bookies, who frequently share erroneous odds to entice gamblers to take specific bets. On the other hand, bettors using the Chancer platform have complete control over their bet slips and can freely choose whether to take the other side of custom bets.
Chancer offers bettors an exciting chance, especially during major global events like the Super Bowl. Users can explore a wide range of possibilities and place wagers against friends or others by creating unique bet slips. Chancer provides a unique platform that allows its customers to set the best odds and get an exciting betting experience, whether predicting results in sports matches, the US presidential elections, or any other wager.
By debuting on Binance Smart Chain (BSC), Chancer taps into the enormous potential of one of the world’s most extensively used blockchains. This integration enables bettors to place and settle bets using cryptocurrencies as a secure real-time exchange medium. As a result, the native CHANCER coin gains real utility within the Web3 ecosystem, increasing its value proposition even further.
How does CHANCER work?
To put bets on the platform, users must have CHANCER tokens. The new cryptocurrency, available at stage 1 of the Chancer presale, serves as the foundation for all user interactions in the decentralized betting market.
CHANCER tokens are held in escrow and paid out automatically after a bet is settled. Chancer does this by utilizing smart contracts to provide a secure and dependable method of documenting user interactions without an intermediary eliminating the need for centralized bookies and providing bettors with more control.
The Chancer platform put in place safeguards to ensure that no user gets odds that are unlikely to come in. Impartial moderators will ensure the integrity of the P2P predictions market by ensuring that no user places a bet with a low likelihood of winning unless the odds reflect this honestly.
WebRTC from Google will be integrated into the Chancer platform, allowing users to cooperate on custom bet slips. WebRTC will enable users from around the world to connect during bettable events, allowing all peer-to-peer bet ideas to be formed quickly between users.
Could Chancer’s community initiatives breathe new life into Web3 following recent crypto hacks?
Chancer is the first platform in the world to offer a betting market that operates between individuals. The project presents a hefty $100,000 prize to the community to jumpstart its adventure in the cryptosphere. Ten lucky winners will share the prize pool evenly, giving each participant the chance to win $10,000 in cryptocurrency.
The Chancer presale is now underway, giving early backers a one-of-a-kind opportunity to invest in the native token at a reduced price. The presale is presently in stage 1, and the value of CHANCER tokens will steadily increase from $0.01 to $0.021 throughout the twelve stages.
Will CHANCER reach $0.50 in 2025?
The new online betting token CHANCER should have a great future after the presale because the platform provides something unique. CHANCER also employs deflationary tokenomics, and the solution has a real-world application in the online betting industry.
Experts predict that the price could skyrocket once the Chancer presale is over. By the time it releases on digital asset exchanges, the price will have climbed to $0.021 from the current price of $0.01 over the presale’s 12 phases, and it might be worth more than $0.70 by the end of the next bull market.
Is CHANCER worth buying despite recent crypto hacks?
The global value of the crypto markets is over $1 trillion, and the online gambling market alone is currently at $60 billion.Chancer looks set to carve out its market share over the coming years. According to world gambling statistics, the platform offers exciting betting opportunities, which could become viral among those who like to gamble (estimated at 26% of the global population).
Chancer is undeniably an attractive buying opportunity, particularly in the early stages of the CHANCER presale. The token is available for the current price of $0.01, so it certainly has plenty of upside potential from here.
You can take part in the CHANCER presale here.
