Firstly we’d like to again express our thanks to everyone who has been involved in the Chancer journey. We’re super happy to have listed the token, and now all our energy is going into development.
We’d like to clarify some of the questions that have come through about listing and liquidity first of all.
Chancer raised $3.4M, a large percentage of which was from committed investors, which is why we were immediately able to lock this up for 12 months with team finance. This helps protect the CHANCER token value in the long-term and reflects the faith some of the biggest investors have in the project.
Using established tokenomics plans common in presales, we were advised by our listing consultants to put in 5-10% liquidity into a circulating supply of 310M tokens (the tokens remaining following the lock above). Opting for the higher end, we allocated $100K, or 10% of the circulating supply in USDT.
We’re pleased to see that further the initial cash-out, the Chancer token price has stabilised and started to climb in the last 5 days at the time of writing.
With development in mind, this is where all our focus is going:
1. Our goal is to release the Chancer MVP in Q2. 2. We will issue two announcements per week up until launch on our updates and progress 3. We welcome product questions and feedback in our communities. This will be gathered by our moderator team and fed back to the product and development team, to ensure Chancer aligns with the ideas and suggestions being proposed from our community.
We’ll be updating our roadmap to align with the product development.
With the next steps clear in our minds, we eagerly look forward to taking the Chancer project to the next level.
Our regards The Chancer Team
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