London, United Kingdom, September 12th, 2023, Chainwire
Chancer has released their first product update, aligning with the exciting vision laid out in their whitepaper. This accompanies the rapid trajectory of the presale raise, which accumulated over $1.7M – with the few remaining tokens at this stage priced at $0.011 before the raise enters Stage 3 and increases by 9% to $0.012.
The update covers crucial progress on betting mechanics, user profiles, leaderboards, and how social sharing will work in the app.
Chancer’s Head of Product, Paul Kelbie, stated:
“I am delighted to see the progress made by the development and UX teams here. This is a complex build with a range of exciting features. With this foundational work complete we can begin work on the second phase of the product development in advance of our beta. Suffice to say the team is hugely excited and the community is buzzing! Can’t wait to crack on!”
Chancer has raised over $1.7m, with only $300k remaining in Stage 2 before the price will increase by 9% per token. Users can buy Chancer here.
Chancer’s unique betting mechanics provide the foundation for its success
Chancer’s betting mechanics cover two approaches to betting:
- Conventional’ betting, e.g. betting on the outcome of an NBA game or known global event like an election.
- Social betting also known as P2P betting is a friendly competition between two tennis players or a weight lifting contest at the local gym.
The latter has been one of Chancer’s most talked about USPs as it lets people bet each other on anything verifiable, opening up enormous possibilities for everyday scenarios.
Initial development focused on private bets (ringfenced to the bettor and whoever is added) versus public betting that can be livestreamed and is next in line for the development team.
The product team will also deliver data validation with nodes that will let people bet on global events like the NBA game mentioned above so that betting outcomes are clear and actionable in terms of payouts.
To support a multitude of use cases from social betting to globally-broadcasted bets – the Leaderboard UI is also well underway. This will allow bettors to broadcast their winnings within their social groups as well as gain a reputation with a global community of Chancers.