Twitter rival Threads hits 100M users as Chancer gains momentum

• Twitter rival Threads has raced to more than 100 million users days after its launch.
• Chancer is a predictive markets app built on the blockchain and which seeks to disrupt the betting market.
• The $CHANCER presale is gaining upside momentum amid investor exuberance on project’s potential.

Chancer’s presale is gathering fresh momentum, with over 67 million tokens sold and nearly $680k raised so far. This comes as the investor community gets to learn about the potential impact of this blockchain-based predictive markets platform in the global betting industry.

The project is also attracting interest at a time when what would end up as an epic battle in the social media space takes shape.

What’s Threads?

Mark Zuckerberg, the CEO & founder of Meta Platforms (formerly Facebook), recently announced the launch of Threads, a new social media platform touted as the biggest threat to Twitter. Days after the launch, which saw over 30 million sign ups in hours, Threads has hit more than 100 million users.

The rivalry between this Instagram sister app and the Elon Musk-owned platform might just be at the beginning of what could turn into a titanic battle. Already, Musk has labelled Threads a copycat and his lawyers have threatened legal action over allegations that Meta snapped former Twitter employees to gain insider information that it used to create Threads.

Threads has Twitter-like features such as liking posts, commenting, retweeting (reposting), and sharing. There are no direct messages or hashtags. The app however supports 500 characters per thread (more than Twitter), and videos of up to 5 minutes.

Twitter vs. Threads:  Who’s your money on?

Statistics show Twitter’s users number less than 370 million, which means Threads could possibly overtake it. It is notable that Twitter had to wait five years to reach 100 million users – something Threads did in four days.

Predictions on the possibility of Threads overtaking Twitter or not are part of the social conversation now. Also not surprising is the fact that some people might have placed wagers on one or the other outcome. 

While the Musk vs. Zuckerberg “caged match” type of battle has zero chance of happening, if it ever does, blockchain-based Chancer app could be where most wagers happen due to its completely different approach to betting. 

What is Chancer?

Chancer is a new predictive markets platform that looks to tap into the power of blockchain technology to revolutionise the betting industry. While a few crypto projects offer prediction markets products, Chancer is taking a new approach to the industry – one that is tailored towards removing control from traditional bookmakers.

It seeks to replace the centralised approach of legacy betting companies with a decentralised peer-to-peer (P2P) model. The goal, according to the Chancer whitepaper, is to put users in control of the markets (odds, rules, payouts).

Bettors placing wager on any market can play by their own rules and leverage the utility of the native $CHANCER token to benefit from passive income opportunities. Token holders also have a chance to earn passively by staking tokens to bolster network security.

Chancer presale gains fresh momentum

$CHANCER is a Binance Smart Chain token currently in presale. There’s fresh momentum for the token sale as investors poured over $200k in two days to push overall fundraising proceeds to over $676k. 

As CoinJournal highlighted in June, Chancer’s unique approach could be very attractive to investors. 

Investors who participate in the presale are helping Chancer raise funds to achieve its mission of democratising the betting industry. And it’s likely that investing now while prices of the native token are still low could come with significant future returns.

The platform targets $15 million across 12 presale stages.

A look at the Chancer roadmap

As well as the whitepaper that outlines the technology behind the project and how it works, many people eyeing investments in its token also look at the roadmap. In most cases, a clear roadmap with strategic milestones is critical to a project’s overall success.

Chancer’s roadmap includes the token launch on exchanges in the third quarter of 2023 before further development of the P2P platform in the next quarter. Testnets for the product will then pave the way for the mainnet launch expected in Q1, 2024.

The platform will also integrate Filecoin for file storage and launch its quadratic governance system as it works on achieving true decentralisation.

If you are looking for more details about Chancer before you invest, a good place to start would be here.