The Latest Meme Coin (And Why You Should Be Careful)
TL;DR
-
HAMS, the token related to the Hamsters.gg betting platform, went from $0.41 to as much as $3.26, after which all the way in which again right down to $0.65 as we’re writing (and it’s nonetheless dropping).
-
Tasks like this, whereas they could be enjoyable, and some folks (often the creators) earn cash; most individuals lose out in the long run.
-
Once you take a step again and have a look at the basics of a challenge like HAMS, in contrast with the basics of one thing like BTC, which makes extra sense in the long run?
Full Story
Issues that appear cool on the time, however not in hindsight:
-
Getting a mullet since you misplaced a wager.
-
Getting a mullet since you received a wager.
-
Consuming a bunch of brussel sprouts, simply earlier than your first date.
-
Betting on a hamster to win a race, with crypto.
Realizing this text, we might go any path with this – however we’ll concentrate on the hamster one.
In case you missed it, crypto’s latest meme coin gained reputation over the weekend.
HAMS, the token related to the Hamsters.gg betting platform, went from $0.41 to as much as $3.26, after which all the way in which again right down to $0.65 as we’re writing (and it’s nonetheless dropping).
Your entire platform supplies two issues: betting on, and watching, live-streamed hamster races.
In keeping with the challenge’s white paper, the platform retains 5% of all bets, in order that they win both approach.
However some folks on Crypto Twitter are calling your complete platform a scam.
We’re unsure. Actually, we haven’t put any cash into HAMS, or wager on any hamsters.
What’s clear, nevertheless, is that tasks like this, whereas they could be enjoyable, and some folks (often the creators) earn cash; most individuals lose out in the long run.
Once you take a step again and have a look at the basics of a challenge like HAMS, in contrast with the basics of one thing like BTC, which makes extra sense in the long run?
We all know which one we’d want to wager on.
