What Is Hamster Race Betting? Inside The New World Of Crypto Degen Gambling And The Animals Involved
Portfolio Pulse from Chris Katje
A new blockchain-based platform, Hamsters.gg, allows users to bet on live-streamed hamster races using cryptocurrencies. Users can bet with Binance USD (CRYPTO: BUSD) and deposit tokens from either the BNB Chain or Ethereum (CRYPTO: ETH). The platform takes 5% of all bets placed, with 4% distributed to HAMS token holders. The popularity of this platform has caused the valuation of HAMS to surge recently. However, it's worth noting that new tokens can drop in value and crypto trends can fade.
July 24, 2023 | 10:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Binance USD is used as a betting currency on the Hamsters.gg platform. This could potentially increase the demand and value of BUSD.
As Binance USD is being used as a betting currency on the new platform, it could see an increase in demand, which may positively impact its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ethereum tokens can be deposited on the Hamsters.gg platform for betting. This could potentially increase the demand and value of ETH.
As Ethereum is being used as a deposit currency on the new platform, it could see an increase in demand, which may positively impact its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70