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Blackrock enters the blockchain sector affecting Chancer’s presale

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Blackrock made crypto news headlines recently by announcing that it is making further moves in the blockchain sector after applying to the US Securities and Exchange Commission (SEC) to offer spot Bitcoin exchange-traded funds (ETF). If the SEC approves, the ETF will trade on the NASDAQ stock market to become the US’s first publicly traded Bitcoin ETF.

With Blackrock’s vast influence over financial markets, analysts are speculating what the impact of any approval by the SEC might be on crypto markets. The predictive social markets platform Chancer is one new project well-placed to reap any benefits from Blackrock finally moving into the blockchain.

Blackrock taps into crypto

Blackrock is the world’s largest asset manager and, last year, after many years of refusing to enter crypto markets, it finally took the plunge when it partnered with crypto exchange Coinbase Global to allow Blackrock customers to trade Bitcoin.

The timing of the news surprised many onlookers, coming during the protracted bear market conditions that dogged crypto markets last year, but the announcement provoked a 40% jump in the price of Coinbase stock.

The partnership allowed Blackrock to dip into crypto markets with minimal effort. Coinbase took most of the risk, allowing Blackrock an easy way out if clients didn’t take to Bitcoin investments or the regulatory environment.

The partnership has been highly profitable. Blackrock’s application to trade spot ETFs on NASDAQ is the global giant’s next step into decentralized finance which could boost crypto markets, with newbies like Chancer well-placed to profit.

What is Chancer?

Chancer has launched its crypto presale event to support its new project which aims to offer betting fans an exciting new way of participating in online prediction markets, featuring a pioneering peer-to-peer solution (P2P) that puts bettors in direct touch with each other rather than placing bets determined by a centralized “house”, such as a bookmaker.

The brains behind the operations, brothers Adam and Paul Kelbie, have identified a gap in a market already worth more than $60 billion globally and are projected to grow to more than $150 billion by 2030.

By decentralizing the online betting world by putting players directly in touch with each other, gamblers are no longer beholden to the whims of the bookie, which sets odds heavily skewed in its favor.

Powered by the Binance Smart Chain (BSC), which delivers a fully transparent platform with a secure public ledger to record user transactions and an open-source code that users can view, Chancer is a fully trustless and P2P online betting platform.

Consequently, users can enjoy a democratic online betting experience while exercising autonomy over bespoke markets and odds. The recently launched Chancer presale represents the first chance for keen investors to get involved with this revolutionary new online platform.

The native CHANCER token launched at the princely sum of $0.01, with the coin set to rise in value to $0.021 by the end of the 12-stage presale, giving interested investors a limited amount of time to maximize potential profits by getting hold of this coin at the lowest possible price.

The working mechanism of CHANCER 

The CHANCER token powers every facet of the Chancer ecosystem. The coin enables market creation, betting, and payouts. The coin is also used for deposits and withdrawals, with all transactions conducted using Certik-approved smart contract protocols.

In addition to the appealing P2P betting model, Chancer utilizes Google’s WebRTC software to allow bettors to live stream events while enabling communication between users from around the globe as they ponder their next wager. A team of neutral online moderators checks all bets and markets to ensure total fairness.

Alongside the extensive utility provided by the P2P model, Chancer will devolve powers from the development team to the community as it becomes a decentralized autonomous organization (DAO), putting the users in even greater control.

Meanwhile, users can take advantage of the CHANCER token staking capability by staking coins into liquidity pools, allowing them to earn passive income while the value of CHANCER tokens appreciates.

Reasons why Chancer is a good investment opportunity

Blackrock was previously hesitant about joining the crypto revolution as the asset management firm felt there was limited interest in the blockchain among their client base. However, with investors showing a great appetite for Web3 projects, Blackrock’s growing interest and investment could prove enormously valuable to crypto markets.

The Chancer presale has a funding target of $15 million. It has already raised $627.8 in just 4 weeks, which illustrates the level of demand for tokens among investors and online betting firms.

With Blackrock likely to drive greater investor interest towards exciting, upstart crypto projects, now is the time for investors to get involved with the CHANCER presale while prices remain low and there is maximum profit potential.

You can take part in the CHANCER presale here (https://chancer.com/utm_source=media&utm_medium=artc&utm_campaign=ambcrypto).

Disclaimer: This is a paid post and should not be treated as news/advice.

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Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.
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