Bitcoin has achieved a significant milestone in the cryptocurrency market by reaching a 50% dominance for the first time in two years.
The measure of Bitcoin’s share in the total crypto market cap surpassed the 50% mark on June 19, settling at 49.9% at the time of this publication, as reported by TradingView data.
This achievement signifies that Bitcoin alone accounts for half of the entire crypto market’s valuation, which currently stands at $1.1 trillion.
With a market capitalization of $519 billion, Bitcoin’s dominance has seen a remarkable increase of over 10.5% since November 27, 2022. This surge can be attributed to investors seeking Bitcoin as a safe haven asset following the FTX crisis and growing regulatory scrutiny in the United States.
While Bitcoin’s dominance has soared, Ether (ETH), the second-largest cryptocurrency, has maintained a steady market share of around 20% for nearly a year. Together, the combined value of Bitcoin and Ether now represents approximately 70% of the total crypto market.
Michael Saylor, co-founder of MicroStrategy and a prominent advocate for Bitcoin, predicts that Bitcoin’s market dominance will surpass 80% in the coming years.
He anticipates that increasing regulatory pressure from the Securities and Exchange Commission (SEC) will lead to the fading away of stablecoins and most other crypto assets. According to Saylor, the industry will eventually be rationalized into a Bitcoin-focused market with only a handful of other Proof of Work tokens.
Saylor attributes the lack of significant institutional investment in the crypto space to the confusion and anxiety caused by the existence of 25,000 alternative cryptocurrencies that position themselves as alternatives to Bitcoin.
He emphasizes that Bitcoin is universally recognized as the digital commodity of the industry, drawing attention to SEC Chair Gary Gensler’s classification of Bitcoin as a commodity. In contrast, the SEC has designated 68 other cryptocurrencies as securities.
At the time of writing, Bitcoin is trading at $26,746, reflecting a 1.5% increase in the past 24 hours, according to the Cointelegraph Price Index. Despite a sense of fear prevailing in the crypto market, Bitcoin’s value has grown over 3% in the last week.
Crypto research firm Santiment suggests that the recent surge in Bitcoin’s price can be attributed to the announcement of Blackrock, a financial investment behemoth, filing for a Bitcoin spot ETF. This development has played a significant role in driving Bitcoin’s upward price momentum in recent days.
Bitcoin’s attainment of a 50% market dominance is a significant milestone, highlighting its position as the leading cryptocurrency and its growing influence within the broader crypto market.
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Australia’s crypto laws are at risk of being left behind by emerging markets such as Bermuda and Nigeria, according to Loretta Joseph, the chair of the Australian Digital Financial Standards Advisory Council (ADFSAC). Joseph emphasized the need for Australia to accelerate the development of crypto regulations to keep up with other countries.
While Australia’s Treasury conducted consultations earlier this year for its “token mapping” exercise to classify various crypto assets,
Joseph argued that the pace of regulatory development in the country remains too slow. She expressed her disappointment in seeing countries like Bermuda, Mauritius, and Nigeria moving faster in developing regulations, recognizing the positive impact of decentralized technology on global welfare.
To address the situation, Joseph stressed the importance of updating or adopting new laws to cover the evolving crypto ecosystem and foster innovation.
She cited her involvement in writing crypto policies and legislation for Bermuda as an example of successful collaboration between industry, academia, policymakers, and the government.
Establishing think tanks like ADFSAC, which brings stakeholders together, is crucial to facilitating dialogue and creating effective regulations.
In addition to regulatory frameworks, Joseph emphasized the significance of education in the crypto space. The ADFSAC aims to provide education on cryptocurrencies by demonstrating their ease of use and addressing concerns directly with individuals.
Regarding policy direction, Joseph recommended that Australia align with global standard setters such as the International Organization of Securities Commissions, the Financial Action Task Force, and the Financial Stability Board.
She anticipated that the governmental G7 and G20 forums would soon enforce crypto rules, making it essential for companies to operate in jurisdictions with legal clarity to ensure their survival.
Joseph called for Australia to speed up the development of crypto regulations, highlighting the risk of being left behind by other countries.
By updating or adopting new laws, collaborating with stakeholders, and aligning with global standards, Australia can establish a conducive environment for crypto innovation while providing legal clarity to businesses in the sector.
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Centralized crypto exchanges were identified as a potential hurdle to the growth of crypto investments in the future. Recent legal actions taken by the United States Securities and Exchange Commission against major exchanges Coinbase and Binance exemplify the challenges faced by centralized exchanges.
Australia’s crypto exchanges have also encountered obstacles, with Binance Australia suspending Australian dollar-denominated services and Westpac, Australia’s second-largest bank, prohibiting transactions with the exchange.
Additionally, Commonwealth Bank, the country’s largest bank, expressed concerns about the high risk of scams associated with crypto exchanges and may decline certain payments to them.
Despite considering themselves as “risk averse,” a surprising 31% of young Australian investors, specifically those in the 18-24 age group, hold or have traded cryptocurrencies in the past year, according to a study conducted by the Australian Securities Exchange (ASX).
The study, which included cryptocurrency as an asset class for the first time, revealed that 46% of these young investors preferred “stable returns,” highlighting the contradiction between their risk aversion and their significant investment in crypto.
Researchers attribute the interest of young people in cryptocurrencies to their desire to differentiate themselves from previous generations, coupled with the fact that many of the 1.2 million new investors who have entered the market since 2020 are tech-savvy and active on social media.
The ASX study, conducted by financial research firm Investment Trends, found that young investors in the “next generation” category had a median cryptocurrency holding of $2,700, representing 6% of their total portfolio, twice the 3% allocation observed among other age groups.
Interestingly, although young investors had the highest crypto allocation relative to their portfolios, it was the “wealth accumulators” between the ages of 25 and 49 who owned the largest share of cryptocurrency, accounting for 69% of the total investment in digital assets. Investors aged 50 and above held only 19% of the overall crypto ownership.
While the report acknowledges the volatility of cryptocurrencies, it recognizes their popularity among investors.
It revealed that 29% of potential investors who currently do not invest in any capacity are considering some form of crypto investment within the next year. However, the report maintains a cautious approach, stating that the full acceptance of cryptocurrencies in mainstream investing is still a topic of debate.
The ASX’s report, based on an extensive online survey of 5,519 Australian adults conducted in November 2022, provides valuable insights into the growing interest in cryptocurrencies among young Australians.
While young investors exhibit both risk aversion and significant crypto investments, the report highlights the evolving landscape of investing and the potential challenges faced by the crypto industry as it seeks mainstream acceptance.
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Crypto exchange criticised by FDIC for spreading misinformation
Ultima, the powerful cryptocurrency ecosystem, has made a groundbreaking move by introducing a platform that offers an astounding 100% cashback for purchases. This platform sets Ultima apart from both traditional and crypto markets, providing users with an opportunity to receive a significant portion of their spent money back within a specified timeframe. The Ultima Cashback platform is a game-changer, revolutionizing the way buyers are rewarded for their purchases.
Developed by the world’s leading blockchain dev team, Ultima offers a range of innovative products and services that are not only distinct in the crypto market but also cater to the everyday needs of cryptocurrency users. With its advanced global infrastructure, Ultima aims to transform the way people interact with cryptocurrency worldwide, enabling instant cross-border payments in crypto.
The Ultima ecosystem encompasses an array of products and services that add value to users’ crypto experience. Ultima Store serves as a seamless e-commerce platform that enables users to online shopping and use cryptocurrencies as payment.
Furthermore, users of Ultima Store can take part in its cashback program. Get a license and receive the cashback for Shopping Vouchers. You can get up to 100% cashback in ULTIMA for purchasing Shopping Vouchers. The ULTIMA Cashback platform is incredibly simple, requiring no technical expertise. Users can easily track the status of each cashback transaction through their personal account, ensuring a transparent and user-friendly experience. The cashback transactions take place securely on the SMART BLOCKCHAIN, and users have the flexibility to assign their preferred wallet for receiving the cashback.
ULTIMA Card is among the most amazing products of the ecosystem. It is a crypto debit card that allows users to make purchases with various cryptocurrencies in nearly any country worldwide. Supporting major cryptocurrencies like ULTIMA, SMART, Litecoin, Bitcoin, Bitcoin Cash, Ethereum, USDT, EOS, and BAT, the ULTIMA Card offers convenience and accessibility to thousands of users globally. The card supports multiple account currencies, including euro, dollar, pound, Chinese yuan, and Japanese yen, with a generous account limit of 150,000 euros.
Ultima Travel Club is another remarkable offering, providing a subscription-based travel platform that enables users to search and book flights, hotels, cruises, and car rentals at exclusive discounts. With the ULTIMA Travel Club, users gain access to a vast selection of options, saving up to 90% on their travel expenses. The platform boasts a comprehensive range of offerings, including 2.5 million hotels and villas, 950 cruise lines, major car rental agencies, and over 300,000 activities in more than 150 countries. This upcoming product is set to revolutionize the way people travel.
As Ultima continues to expand its ecosystem, it is actively developing an advanced crypto-exchange called UltimEx Exchange, ensuring high liquidity and global accessibility for cryptocurrency trading.
Furthermore, Ultima takes pride in its commitment to supporting charitable initiatives and startups. Through the Charity Crowdfunding and StartUp Crowdfunding platforms, set to be launched in the near term, Ultima will provide a trustworthy environment where people and startups can promote and fund their ideas. These platforms leverage blockchain transparency to enhance trust, accountability, and efficiency, fostering a win-win scenario for both project creators and supporters.
With over 2,500,000 users worldwide, Ultima continues to redefine the crypto landscape by offering innovative solutions and unparalleled opportunities. Its remarkable cashback program, combined with a suite of cutting-edge products and services, positions Ultima as a leader in the cryptocurrency ecosystem, revolutionizing the way people engage with digital currencies and making everyday life more accessible and rewarding for users worldwide.
Twitter has suspended the AI-powered Twitter account known as “Explain This Bob” after Elon Musk labeled it a “scam crypto account.” The account, which was also linked to a memecoin, was taken down shortly after Musk’s accusation.
The bot project was associated with the ERC-20 memecoin called Bob Token (BOB), which was launched in April. CoinGecko reported that the suspension caused the price of BOB to drop by over 30%.
Interestingly, this suspension represents a change in Musk’s previous sentiment towards the bot. On April 20, Musk had tweeted “I love Bob” in response to one of its tweets, a tweet that prominently appeared on the project’s website.
While Twitter suspended the Explain This Bob account, it has not taken action against the Bob Token account. The project’s team responded to the news of the suspension with a humorous meme depicting Musk monitoring a distressed “Bob” in prison.
Observers speculate that Musk believes Explain This Bob is being utilized as a marketing strategy to boost the price of BOB. In response to the suspension, the hashtag “FREEBOB” began circulating on Crypto Twitter.
Many users argue that BOB is not a scam coin and consider the suspension unwarranted, highlighting that the token’s launch was conducted fairly and emphasizing its complete decentralization with a 0% tax mechanism.
Additionally, one individual claimed that the team did not allocate any tokens or conduct airdrops prior to the Bob Token’s launch in April.
The popular Explain This Bob account had garnered more than 400,000 followers before its suspension. It was created by Prabhu Biswal from India and utilized OpenAI’s GPT-4 model to understand and provide responses to tweets from users who tagged the account.
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London, United Kingdom – MineLab Limited, a leading cryptocurrency cloud mining company, is proud to announce the launch of MineLab.bz, a cutting-edge platform that utilizes artificial intelligence (AI) to revolutionize the mining process and deliver substantial daily returns to its users.
Cryptocurrency mining has traditionally been a complex and resource-intensive process, requiring specialized hardware and significant energy consumption. MineLab.bz changes the game by leveraging AI technology to optimize mining operations, significantly improving efficiency and profitability.
Through its advanced AI algorithms, MineLab.bz optimizes mining strategies in real-time, taking into account factors such as network difficulty, coin prices, and market trends. This dynamic approach allows for the identification of the most profitable coins to mine at any given moment, ensuring maximum returns for users.
“We are excited to introduce MineLab.bz to the cryptocurrency mining industry,” said Alfie Hutchinson, CEO of MineLab Limited. “Our platform represents a paradigm shift in cloud mining, combining the power of AI with the potential of cryptocurrencies. We aim to provide a user-friendly, secure, and highly profitable solution for individuals and businesses looking to participate in cryptocurrency mining.”
MineLab.bz offers users the opportunity to join their cloud mining network and start earning daily returns of up to 3%. The platform caters to both experienced miners and newcomers, providing a streamlined and user-friendly interface that requires no technical expertise. Users can easily create an account, deposit funds, and begin mining within minutes.
To ensure the utmost security, MineLab.bz implements state-of-the-art encryption protocols and multi-factor authentication, safeguarding users’ investments and personal information. Additionally, the platform is backed by a team of experienced professionals in the fields of cryptocurrency, blockchain, and AI, dedicated to providing excellent customer support.
As a London-based company, MineLab Limited is committed to upholding the highest standards of transparency and regulatory compliance. The company operates in accordance with all applicable laws and regulations, further enhancing trust and confidence in its services.
For more information about MineLab.bz and to start earning daily returns through cloud cryptocurrency mining, please visit https://www.minelab.bz.
About MineLab Limited
MineLab Limited is a leading cloud cryptocurrency mining company based in London, United Kingdom. The company leverages artificial intelligence to optimize the mining process and deliver substantial daily returns to its users. With a commitment to transparency, security, and innovation, MineLab Limited aims to redefine the cloud mining industry and empower individuals and businesses to participate in the cryptocurrency revolution.
Media Contact:
Jennifer Thompson
Public Relations Manager
MineLab Limited
Email: [email protected]
New York City, New York, June 15th, 2023, Chainwire
OKX, a leading Web3 technology company, yesterday hosted a panel discussion with McLaren Racing at the Tribeca Festival titled, “Need for Speed: How Technology Powers Change in Sports, Movies, and Crypto,” featuring OKX Chief Marketing Officer Haider Rafique, McLaren Racing Chief Executive Officer Zak Brown, McLaren F1 Driver Lando Norris, and director, producer and screenwriter Stephen Kay.
The panel, moderated by Emmy-nominated filmmaker and Webby Awards Founder Tiffany Shlain, was held at the Tribeca Screening Room and focused on how technology has transformed various industries, including sports, entertainment, cryptocurrency and finance. During the discussion, the panelists emphasized the impact of innovation on speed, performance and efficiency across the different sectors.
OKX Chief Marketing Officer Haider Rafique said: “We’ve achieved a lot together in just one year. The McLaren F1 team has a huge appetite to lean into Web3 and make its heritage more discoverable for younger generations, and we want to play a big role in making that a reality for them. There are incredible stories here that can motivate the next generation of drivers and fans to get involved with the sport and, in particular, celebrate McLaren’s achievements on and off track. Our goal is to help McLaren transcend into this future and share what we are cooking together on our panel”.
McLaren Racing CEO Zak Brown said: “This panel was a great opportunity to share the stage with our Primary Partner OKX, and discuss how technology can power change in our respective industries. In Formula 1, we constantly look to innovate and leverage technology to maximize our fan engagement opportunities. Partners like OKX can support us in these commitments, exploring how they can guide our Web3 strategy and make our sport ever-more exciting and accessible for the fans.”
OKX CMO Haider Rafique (left) and McLaren F1 Driver Lando Norris (right)
McLaren Racing CEO Zak Brown (in orange, left) and McLaren F1 Driver Lando Norris (in orange, right) with OKX CMO Haider Rafique
Tribeca Festival 2023 is OKX’s second consecutive year as the presenting sponsor. The company’s multi-year partnership with Tribeca Festival aims to unlock new Web3 opportunities for creators, fans and talent. OKX also introduced the first-ever Tribeca Festival NFT pass for 2023 in January.
In May of last year, OKX and McLaren Racing announced a multi-year partnership that would make OKX a Primary Partner of the McLaren Formula 1 Team and McLaren Shadow esports team. Through this partnership, OKX supports the team’s global fan experience, providing exciting opportunities and product innovations that bring fans closer to the action. OKX branding is featured on the McLaren cars, the helmets of McLaren F1 drivers Lando Norris and Oscar Piastri, as well as the McLaren F1 and McLaren Shadow team kits.
About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace and DEX.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader building innovative technology products, OKX recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.
To learn more about OKX Web3, download our app or visit: okx.com/web3
About McLaren Racing
McLaren Racing was founded by racing driver Bruce McLaren 60 years ago in 1963. The team entered its first Formula 1 race in 1966. McLaren has since won 20 Formula 1 world championships, 183 Formula 1 grands prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt.
McLaren Racing competes across five racing series. In 2023, the team will compete in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Felix Rosenqvist and Alexander Rossi, the ABB FIA Formula E World Championship with NEOM McLaren Formula E Team drivers René Rast and Jake Hughes, and the Extreme E Championship with NEOM McLaren Extreme E Team drivers Emma Gilmour and Tanner Foust. The team also competes in the F1 Esports Pro Championship as McLaren Shadow, having won the 2022 Constructors’ and Drivers’ Championships.
McLaren is a champion for sustainability in the sport and a signatory to the UN Sports for Climate Action Commitment. It is committed to achieving net zero by 2040 and fostering a diverse and inclusive culture in the motorsport industry.
McLaren Racing – Official Website
About the Tribeca Festival
The Tribeca Festival, presented by OKX, brings artists and diverse audiences together to celebrate storytelling in all its forms, including film, TV, immersive, games, audio storytelling, music, and online work. With strong roots in independent film, Tribeca is a platform for creative expression and immersive entertainment. Tribeca champions emerging and established voices; discovers award-winning filmmakers and creators; curates innovative experiences; and introduces new technology and ideas through premieres, exhibitions, talks, and live performances.
The Festival was founded by Robert De Niro, Jane Rosenthal, and Craig Hatkoff in 2001 to spur the economic and cultural revitalization of lower Manhattan following the attacks on the World Trade Center. Tribeca will celebrate its 22nd year from June 7–18, 2023.
In 2019, James Murdoch’s Lupa Systems, a private investment company with locations in New York and Mumbai, bought a majority stake in Tribeca Enterprises, bringing together Rosenthal, De Niro, and Murdoch to grow the enterprise.
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your risk tolerance and financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Contact
Press
[email protected]
Dubai, United Arab Emirates, June 15th, 2023, Chainwire
OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that OKX Middle East Fintech FZE (OKX Middle East) has received a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA).
The UAE is a key strategic growth and business hub for OKX globally and in the region, and the company plans to scale OKX Middle East’s operations. As part of this effort, OKX has opened a new office in Dubai World Trade Center, and will seek to expand its number of Dubai staff to 30 with a focus on local hires and senior management. OKX also plans to extend its nine-figure brand partnerships to the UAE with customer and fan-focused activations and activities.
The MVP preparatory licence allows approved licensees to fulfill all pre-conditions required to undertake MVP operations within the VARA regime. Once licensed to be operational, OKX Middle East will be able to extend its approved suite of duly regulated virtual assets activities and will provide spot, derivatives, and fiat services, including USD and AED deposits, withdrawals and spot-pairs, to institutional and qualified retail customers.
OKX Global Chief Commercial Officer Lennix Lai said: “We’re thrilled to receive the MVP preparatory license from VARA. Regulated entities are the future of digital assets and capital markets and Dubai and VARA have succeeded in creating a unique environment where VASPs can thrive. With the expansion into a new office this year, we are focused on hiring local staff and senior management. The MENA region has incredible potential as a center of excellence for Web3 and virtual assets, we look forward to the opportunity to expand the already growing ecosystem across the region.”
OKX Global Head of Government Relations Tim Byun said: “Dubai and VARA are world leaders in crypto regulation by establishing the most timely, comprehensive and built from-the-ground-up framework for virtual assets and Web3. Licensing in Dubai is a critical element of OKX’s global regulatory compliance strategy. In today’s uncertain market environment, it’s of the utmost importance for VASPs to be highly secure, transparent, compliant and backed by strong, clear regulation. Under VARA’s comprehensive framework, all operators must meet high standards of compliance, risk management, security and consumer protection, benchmarked against well-known existing regulatory principles for traditional financial services. This provides confidence to operators and customers alike, and positions the crypto and Web3 industry in MENA for increased participation and overall growth in the near and long term.”
OKX Chief Marketing Officer Haider Rafique said: “We’ve been waiting to enter the UAE and we want people here to experience our products first hand. We’re different – we do things in a measured and transparent manner. May was our seventh consecutive month of publishing our proof of reserves, making us the only crypto exchange globally with that commitment. We’ve done that while out-innovating the industry in Web3 with our leading decentralized ecosystem. We’ve also launched numerous new security features while adding more depth in markets. This attitude is consistent with the brand partners who represent us, Manchester City Football Club, McLaren Racing, and the Tribeca Festival. We take our time, and do things the right way.”
For more information on OKX, please visit OKX.com.
About OKX
OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.
OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
About VARA
Dubai Virtual Assets Regulatory Authority [VARA] is the world’s first specialized regulator for the Virtual Assets sector. Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre.
VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Contact
Marc Rognon
[email protected]
London, United Kingdom, June 13th, 2023, Chainwire
Chancer, one of the most exciting new Web3 projects of 2023 has officially launched its crypto presale today, 13th June. The project aims to disrupt the betting industry by removing the ‘house’ from the picture and putting the markets firmly back in the hands of the bettors, allowing users to create their own betting markets, set their own odds, and create their own rules.
Chancer is the world’s first decentralized predictive markets app — something co-founders and brothers Adam and Paul Kelbie believe will dramatically change how people bet, and ultimately, put the fun back into betting.
Chancer positions itself as a betting facilitator, not a betting house, allowing users to create peer-to-peer (P2P) bets. These can be small, friendly bets amongst a small group of people, or huge, viral bets such as predicting the Champions League final result or who will win Best Director at the Oscars, in which masses of people can participate. Chancer doesn’t limit people to sport betting; bets can be made on any prediction or event, a stark contrast from most bookmakers. Its inherent appeal lies in the fact that users are in complete control of their bets and won’t lose to a traditional bookmaker who stacks the odds against them.
“We’re confident that we can change the way betting and gambling works,” said Adam Kelbie, CEO of Chancer. “The next few months are going to be very exciting, and we’re thrilled that we can offer a new cryptocurrency in such a competitive market. We’re doing something no one else has done, disrupting an industry that has had the odds stacked against consumers since it began. It won’t be easy, but we’re ready for the fight.”
How CHANCER works
All bets and pay-outs are made in Chancer’s native token, ‘CHANCER’, which can then be traded with stablecoins like USDT. The online betting and gambling industry is huge, standing at approximately $64 billion (as of 2022), and Chancer aims to take advantage of that and claim a dominant position within the space.
The CHANCER token will be launched on the BSC Blockchain, and is now available during its presale, which comprises of 12 stages in total. The token is now available at a price of $0.010 during stage one of the presale and will eventually rise to $0.021 by stage 12, an increase of 70% from the initial price in the first tranche of the presale.
Revolutionizing the betting industry with future-forward capabilities
As outlined in the whitepaper, the project has a well-planned roadmap outlining a variety of product use cases to draw different types of investor interest. Chancer also aims to achieve and maintain true decentralization. To do this, Chancer will have a proof of stake consensus mechanism so that no single party can take control of the network. Quadratic governance will hand decision-making over to the platform’s users.
For full transparency, Chancer’s source code will remain open. This also means that anyone is welcome to review, contribute, and propose changes in how the platform works with the assurance that they will be listened to.
Uniquely, Chancer will be channelled by the real-time communication capability of Google’s WebRTC to live stream events to its community.
Chancer believes in rewarding its users and will therefore offer CHANCER tokens simply for using the platform, as well as providing a Share2Earn scheme, staking, and discounted fees for those who create and participate in the market, making it cost-effective for those who use the platform frequently. Another way to earn a passive income via Chancer is to become a node validator.
About Chancer
Chancer is set to develop the world’s first decentralized social predictive markets platform. This will allow Chancer token holders to create, participate in and profit from their very own predictive markets based on their interests, expertise and social opportunities.
The project intends to disrupt the global gambling and betting market by ‘removing the house’ and taking a slice of the market share as it garners attention by challenging the traditional bookmaking and betting business model.
Website | Whitepaper | Socials
Contact
CEO
Adam Kelbie
Chancer
[email protected]
Underground Waifus, the groundbreaking TCG that merges the physical and digital worlds, is set to revolutionize the gaming industry by enabling players to experience the NFT and Web3 universe like never before. This unique TCG offers exclusive and limited-edition collections, featuring over 400 unique cards in its first session, with future editions designed to enhance the value of previous collections. Set in a post-apocalyptic cyberpunk future, Underground Waifus captivates players with its immersive gameplay, circular economy, and competitive features.
One of the primary sources of innovation in Underground Waifus is its circular economy model, which combines the Free to Play (F2P) and Play & Earn (P&E) business models with a tokenized economy. The game takes place in a future where a scarcity of materials and money, known as stardust, has corrupted society. Within this dystopian setting, players engage in an eternal war between different races and more than nine factions.
Additionally, Underground Waifus is part of a larger ecosystem that includes various projects such as RacerLoop, OuterRing, Criptoduels, BlinkGalaxy, and more. These projects collectively utilize the governance token Galactic Quadrant (GQ), which serves as the governing token for the entire ecosystem. Galactic Quadrant enables token holders to participate in decision-making processes and shape the future of the interconnected projects within the ecosystem.
In the Underworld Waifus ecosystem, players will have access to the utility token GQ, which currently functions behind the scenes and will be unveiled alongside the NFTs. The NFTs, represented as collectible cards, are the centerpiece of the game and offer about 400 uniquely designed cards divided into 9 factions. Each card possesses its own distinct characteristics and attributes, adding depth and strategy to the gameplay.
The game’s launch will be conducted in several phases, or milestones, allowing for easy testing and constant updates. This strategy ensures that players can enjoy the game from its earliest stages, rewarding those who have been committed to the project since its inception. Underground Waifus will be available for both PC and Mobile platforms, offering free and P2E versions. Priority will be given to platforms such as Android and PC, while physical versions and complementary expansions will be released as the game’s development progresses, adding further value to the tokenized assets.
Furthermore, Underground Waifus features massive tournaments capable of accommodating hundreds of players. These tournaments include freerolls with equal access conditions and high-stakes ELO competitions with substantial prize pools, offering an exciting and rewarding experience for participants.
As the world’s first phygital TCG, Underground Waifus promises to redefine the gaming landscape by seamlessly integrating physical and digital elements, offering a truly immersive and rewarding experience for players. Prepare to embark on an extraordinary journey through a post-apocalyptic cyberpunk universe, where the battle for dominance begins. Join us as we reshape the future of gaming!
About Underground Waifus
Underground Waifus is a groundbreaking phygital Trading Card Game (TCG) that merges the physical and digital worlds. Set in a post-apocalyptic cyberpunk future, the game combines the Free to Play (F2P) and Play & Earn (P&E) models with a circular economy, empowering players through NFTs and web3 technology. With over 400 unique cards, exclusive collections, and competitive features, Underground Waifus offers an immersive gaming experience like no other. Join the battle for dominance in the post-apocalyptic world and discover the future of gaming with Underground Waifus.