Hamsters.gg team gives insight into token burns and more

Live-streamed hamster race platform took to social media to explain the process

Hamsters.gg has given a bit more insight into the effectiveness of its token burns. The Hamsters.gg team took to social media in response to a question from another user.

User Moon Dev wrote:

“Nice hustle on those buybacks and burns, fam but tbh, isn’t burning tokens just a temporary fix? How do you see it affecting the project’s long-term growth?

The question gave the HamstersGG the chance to explain in detail a little more of what happens when running token-burning sessions.

Hamsters.gg admin responded, saying:

“Well, I wouldn’t call burning tokens ‘temporary’. Compiled with marketing, buybacks, and further development creates a very strong floor.

“Yes, burning is a ‘small’ portion of this but it’s HUGE in the long run for supply. 

Hamsters.gg has taken the crypto bet world by storm with its HAMS token gaining over 1000% in value over the weekend of July 22-23.

The HAMS token saw an incredible surge from $0.29 to $3.31, reaching a market capitalization of $18.1 million at its peak. 

However, later on, HAMS saw a sharp decline with its market cap dropping to around $7.6 million.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

Similar News