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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 best way again all the way down to $0.65 as we’re writing (and it’s nonetheless dropping).
Tasks like this, whereas they might be enjoyable, and a few folks (normally the creators) become profitable; most individuals lose out ultimately.
Once you take a step again and take a look at the basics of a mission like HAMS, in contrast with the basics of one thing like BTC, which makes extra sense in the long run?
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Issues that appear cool on the time, however not in hindsight:
Getting a mullet since you misplaced a guess.
Getting a mullet since you gained a guess.
Consuming a bunch of brussel sprouts, simply earlier than your first date.
Betting on a hamster to win a race, with crypto.
Understanding this text, we might go any path with this – however we’ll deal with 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 best way again all the way down to $0.65 as we’re writing (and it’s nonetheless dropping).
The whole platform supplies two issues: betting on, and watching, live-streamed hamster races.
In line with the mission’s white paper, the platform retains 5% of all bets, in order that they win both manner.
However some folks on Crypto Twitter are calling all the platform a rip-off.
We’re unsure. Truthfully, we haven’t put any cash into HAMS, or guess on any hamsters.
What is evident, nevertheless, is that initiatives like this, whereas they might be enjoyable, and a few folks (normally the creators) become profitable; most individuals lose out ultimately.
Once you take a step again and take a look at the basics of a mission 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 choose to guess on.
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