โ Presale Tokens Distributed
โ Extra Liquidity Added and Burned
โ 100m old community tokens locked until 2nd Jan
โ 30m Team Tokens locked for 6 months
โ 226 million $HAMSGP burned
Marketing push starts today...
Going forward, I will be even more vocal about @risedotrich until everyone gets tired of seeing me talk about it ๐
All my years in this space, I ve always been an advocate of innovative and exciting token models and the AVM from @nirvana_fi creates for me the absolute peak of that excitement.
This account exists for one reason: to share my opinion on anything I believe is truly groundbreaking and revolutionary and yea, I know those words are clichรฉ in the industry but this time, I mean it literally.
What we are witnessing right now is quite unbelievable; a self sufficient protocol that combines trading and lending seamlessly and even more shockingly, for zero utility tokens. Lol
Name me a serious lending market protocol that has the confidence to whitelist their own freshly launched native token as a collateral in their lending market. NONE
The reason is simple: Volatiity concern which will ultimately lead to a lot of liquidations and the token being completely obliterated even before anyone that matter hears about it.
The AVM already makes this possible for memecoins, imagine what it could achieve for utility tokens whose underlying products generate proper revenue ๐.
This is @NeverZeroGlobal, the biggest token on RISE by MC, it has processed over $25m loans in less than a month and nobody even knows about it (apart from the chads grinding in the Rise trenches). Protocol in turn generated over $375k in revenue just from this token.
RISE is currently the 6th largest revenue generating protocol on @solana in the last 30 days (revenue from both swaps and loans) but again, people aren't paying attention or maybe they are intentionally ignoring it lol
Everything will begin to make even more sense soon and I'll be there with my Rise affiliate badge watching the chaos unfold ๐
Community Update
As we enter the third month of the year without a working product, our team has made the difficult decision to close down the project.
To ensure fairness, team tokens will remain locked and will not be sold, allowing the community an opportunity to sell and recover any remaining investment.
We sincerely appreciate your support throughout this journey and wish you all the best in your future endeavours in the crypto space.
Thank you.
Bullish on the @Hamster_GP team and dev! This is a token worth holding! ๐
โ 30m Team Tokens locked for 6 months
โ 226 million $HAMSGP burned
Dexscreener:
https://t.co/xwBsNTCt4k
The Hamster Grand Prix are doing a 250USDC giveaway.
Complete the following tasks via Galxe and 5 winners will be randomly picked each winning 50 USDC!
https://t.co/vFdipzIUMi