Crypto Betting Finds a New Playground in Hamster Racing

A brand-new platform offers thrill-seekers a chance to test their luck and potentially increase their cryptocurrency assets through online hamster races. 

Last week, Hamsters.gg was quietly unveiled to the world, showcasing the self-proclaimed “world’s first livestreamed hamster racing.” It has swiftly gathered a dynamic following of crypto enthusiasts, eager to bet on these tiny speedsters such as “Popcorn,” “Buster,” and “Sparky,” in the hopes of multiplying their crypto reserves.

The races take place intermittently, featuring four hamsters placed in specially crafted race lanes equipped with automatic gate systems. Before each race, individuals who have linked their cryptocurrency wallets can bet any desired amount of Binance USD (BUSD) on their preferred fluffy competitor.

The moment the gates lift, the hamsters compete for victory on the petite track, all set to the calming backdrop of bossa nova elevator music. The typically brief races often witness hamsters lying flat before one hamster eventually crosses the finish line.

Those who bet on the victorious hamster enjoy a share of the betting pool, with the platform retaining a 5% cut.

However, prospective participants should be aware that the races, while seemingly live, are actually pre-recorded. This practice is adopted to avoid the grim possibility of a hamster passing away during a live race or a prolonged event due to non-responsive hamsters.

This could raise questions about the platform’s transparency, as the developer team might theoretically place bets on the known winners. In response, the platform’s main developer Dani openly admitted that “there is no way to guarantee it.”

Despite these potential pitfalls, Dani expressed a deep love for the game and his small furry friends. He revealed that a few years ago, he tried a “similar concept” that involved racing mice. However, that project didn’t achieve significant success.

Dani’s current venture combines tokenomics, providing HAMS token rewards to betters that continue to lose the game.

As far as legality is concerned, Dani claims to have no worries, stating confidently that they will ensure compliance. This assurance comes despite the fact that operating or participating in unlicensed gambling is illegal in several countries, including the US.

Regardless of these potential concerns, the Hamsters.gg community continues to expand rapidly, boasting over 2,000 members on Telegram and attracting significant attention on Twitter.

It seems that the rush and thrill of this new kind of sport have drawn in adventurous crypto users, ready to put their assets at stake on the unpredictable outcome of hamster races. 

Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
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