• Chancer raises $421.4k in two weeks

• The token’s P2P model in betting is attracting investors

• Chancer’s value to increase in the subsequent presale phases and upon listing

Blockchain is revolutionising traditional sectors in good ways, with the latest being betting. Chancer has been the key project in this shift, focusing on new ways investors can participate in betting and earn. The primary innovative feature of Chancer is its peer-to-peer betting that allows investors to predict in markets created by themselves. Investors have shown enthusiasm for the project, buying more than $421.4k worth of Chancer tokens in the first phase of a presale that opened two weeks ago. The successful presale underlines the growing uptake of crypto, with Mastercard considering a multi-token network (MTN).

Mastercard to make digital transactions secure and interoperable with MTN.

Payments giant Mastercard wants to enhance digital transactions’ security, interoperability, and scalability with a Multi-Token Network (MTN) product. The company says MTN will enable efficient and cost-effective payments by using digital assets.

MTN is also expected to enhance identity management and permissions through blockchain networks, thus building trusted business interactions. Using digital identities will also help counter fraud common in card-related transactions.

The new product by Mastercard underlines that big players are getting into the sector, building needed trust. For a global payment network like Mastercard, it means the project will increase digital asset visibility and allow new ones to succeed. 

Peer-to-peer betting by Chancer. What is it?

As the name suggests, peer-to-peer (P2P) is a betting model permitting user relations with each other. Chancer is pioneering a P2P betting where users can build their betting markets via a secure decentralised system. Users can determine what instruments, events, or situations they want to bet on and invite others (peers) into that betting market. 

Chancer has the edge over the traditional betting markets in that investors are not restricted to the odds and rules common in betting platforms. They play by their rules and odds betting through Chancer. 

With the ability to create a betting market from almost anything, Chancer brings fun to betting and allows flexibility to investors. It also expands the earning opportunities for investors as they can create limitless betting markets via the P2P model.

What is the value proposition of Chancer?

Chancer carries value in letting investors create betting markets and earn rewards on successful outcomes against peers. Investors can bet on events from football to politics and elections. But of course, Chancer is built with an investment focus rather than betting.

One of the ways to unlock value through Chancer is by creating predictive markets. Investors get rewarded for market-making activities. It means investors are rewarded for their interests and expertise by participating in the Chancer project.

The second way is through staking $CHANCER. Investors can stake the tokens for yields, thus unlocking liquidity and facilitating the platform’s growth. Other ways to earn include token rewards for promoting Chancer to others. 

Is Chancer an ideal investment? 

Chancer could be an ideal investment if you are looking for a project with huge growth potential. Betting markets are fast-growing, and the entry of Chancer offers a leeway for investors to do it differently.

Alongside the ability to earn through P2P betting, investors who feel locked out of the traditional markets can find Chancer ideal. 

The growth of the Chancer platform could fuel an increase in the value of the token and generate enormous returns for investors. For a token of a novel project like betting, price increases for $CHANCER can be up to 1,000%.

Does buying $CHANCER on presale make sense?

Any token that is newly listed is best bought at the presale. The price level is low, and there is a potential to earn big when it is listed on exchanges. 

Chancer’s presale will occur in 12 stages, each with a higher price than the previous one. As such, the price is the lowest in the first phase and the most attractive. 

Zug, Switzerland — August 17, 2022. Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO!

An ISPO is a community-funding method unique to Cardano. In ISPOs, delegators stake their ADA to stake pools run by startups. Delegators give up their usual ~ 4–5% APY in ADA staking rewards in exchange for receiving a project’s native tokens. Startups use these staking rewards to fund development for their new venture. Cardano ISPOs have become one of the most egalitarian mechanisms for startups to raise funds from Cardano’s 3.5+ million community.

The World’s First Multi-Token ISPO by Genius X

Raising the bar further for ISPOs, Genius X will introduce the world’s first multi-token ISPO for selected startups in the Genius X Accelerator Program. For the Cardano community, many delegators are interested in getting the tokens of various projects building on Cardano. The Genius X Multi-Token ISPO is an answer to that and gives the community access to multiple projects simultaneously. Delegators will get the tokens of five projects by delegating their ADA to the Genius X Multi-Token ISPO.

Details:

1. Token Allocation — Around 3% of each project’s total supply.
2. Stake Pools — GENS1, GENS2, GENS3, and GENSX
3. Staking Rewards Allocation — Staking rewards across the four stake pools will be split equally between each startup. Some of the ADA rewards will be paid to Genius X as fees to cover marketing and operations.
4. ISPO period — The ISPO will last 25 epochs, or around four months.
5. Development Stage — Startups accepted for the multi-token ISPO needed to have a proven track of development and prospects for growth.

What are the benefits of joining the Multi-Token ISPO by Genius X?

• Unique opportunity to get tokens from multiple tokens within one ISPO. Delegators get five different tokens for their ADA delegation instead of the typical ISPO where they receive only one token.
• ADA delegated to a stake pool is non-custodial and therefore the user’s funds never leave their wallet, with the delegator always retaining full control of their funds.
• Delegator’s funds are never locked, with the delegator always maintaining the ability to withdraw or transfer their ADA.
• ISPOs have no KYC, making them accessible and pseudonymous, as anyone with any amount of ADA and a personal crypto wallet can participate.
• ISPOs are also low risk, as the principal of a delegator is never at risk. If the startup fails, delegators only risk losing the potential ~ 4–5% APY in staking rewards.

ISPOs have had great success in the Cardano ecosystem. Genius Yield had a successful ISPO that saw almost 15,000 participants delegate over 270 million ADA to receive the $GENS token over a five-month period. Genius X’s current ISPO has seen over 13,000 participants delegate over 200 million ADA.

The Multi-Token ISPO will start when epoch 363 begins at 21:45 UTC on September 12th, 2022, and will last 25 epochs. To participate, delegators will have to stake their ADA to any of the four GENS pools before epoch 364 begins at 21:45 UTC on September 17th, 2022. The multi-token ISPO ends at the beginning of epoch 388 at 21:45 UTC on January 15th, 2023.

Startups are also expected to have their token generation event (TGE) before May 23rd, 2023.

How to delegate your ADA to a GENS pool?

1. Create a wallet — Get a personal crypto wallet that can hold ADA and that allows you to delegate your ADA. Some popular wallets for ADA include Eternl or Nami (before downloading any software always confirm you are using the correct site). Safely store your private keys, or spending password. Losing your keys means losing your funds forever.
2. Buy ADA — Exchange your fiat currency for ADA through a trading platform, such as a centralized exchange (CEX). Some popular CEXs include Binance, Coinbase, Crypto.com, FTX, Kraken, or Kucoin. Your access to these exchanges can vary by your country of residence.
3. After buying ADA on an exchange, transfer the ADA to your personal crypto wallet.
4. Delegate your ADA to one of the four GENS stake pools: GENS1, GENS2, GENS3, or GENSX — Open your personal crypto wallet and delegate to one of the four GENS stake pools. Follow the delegation instructions unique to your wallet of choice. For Eternl, click on the “Staking” tab and under “Filter Pools” type in the name of one of the GENS pools in the search bar. Press the “Delegate” button and complete the transaction which requires a small Cardano network transaction fee.
5. Confirm your delegation — Confirm your delegation by going back to Eternl’s “Staking” tab where you should see the pool you are currently delegated to under “Delegated Pools”. On the “Account” tab in the “Rewards History” section, you’ll also see the pool listed for ADA staking rewards in upcoming epochs.

There will be five startups. We’ll be announcing the startups in the coming days for the multi-token ISPO so you will want to follow us on our social media channels to stay up to date!

About Genius X

Genius X fosters innovation by empowering Web3 startups to build impactful and scalable blockchain-based companies that will have a massive global impact. We accelerate and scale incredible Web3 projects through our advisory, mentorship, and growth experiences.

Original Source: https://medium.com/@GeniusXOfficial/worlds-first-multi-token-ispo-by-genius-x-df789f6…

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