What Is Hamster(HAM)?

Hamster token (HAM) is a decentralized meme token built on the Binance Smart Chain (BSC) network. Meme tokens are cryptocurrencies inspired by jokes or memes on the internet and social media. As mentioned on the website, the specific character of the Hamster token that differentiates it from other tokens is that it is more powerful and secure. The goal of the Hamster token is to be a worldwide usable token, with the vision of seeing Hamster token on all trading platforms. The token also aims to provide financial freedom to the users and attempts not to be affected by the negativity caused by market fluctuations.

According to the whitepaper, the Hamster token seeks to provide the following features:

• Transparency: Hamster Coin is decentralized and supported by a community of enthusiasts. The coin aims to encourage consistent open communication and believes that trust, transparency, and community are the three pillars for professional success. 

• Community: The website states that the Hamster Coin is fast-growing and is one of the loved communities in crypto. Hamster believes that being united makes the token more powerful. Community is everything for Hamster Coin, and it strives to promote unity within the team.

• Trust: Trust is paramount to being successful in any business. Thus, Hamster coin seeks to offer complete transparency in community, development, and security efforts.

• Longevity: Hamster Coin intends to stay in the game for a long time. The decentralized community of Hamster aims to adapt and foster long-term development and efforts that consistently benefit people participating.

For maintaining security, there is no pre-sale for Hamster token. A cryptocurrency pre-sale is an event where a development team trades a certain number of tokens to a few selected users before the ICO (initial coin offering) is made available to the public. Moreover, there is no token amount reserved in Hamster Coin for the team.

Elaborating more on the tokenomics, HAM is a BEP-20 token on the Binance Smart Chain (BSC). BEP-20 is a token standard that defines the rules of token usage on BSC. Hamster Coin that are unlocked within specific periods of 50% of the supply are planned to be burned for Jack Dorsey, the CEO of Twitter. Coin burning is an event of removing tokens from circulation, reducing the number of coins in use.

The whitepaper states that all decisions pertaining to Hamster token are taken solely for the benefit of the Hamster community. Hence, HAM strives to benefit society as well as the community.

History of Hamster (HAM)

The idea of building Hamster and the core team were put forth in the first quarter (Q1) of 2021. The starting of the Hamster Coin version took place in Q2 2021. The token’s maximum supply is capped at 10,000,000,000,000,000 HAM.

HowAreNewTokensCreated/RewardsEarned?

As mentioned in the whitepaper, users can earn rewards by holding HAM tokens in their wallets. However, users may earn rewards when they have at least 75,000,000,000 HAM tokens in their wallets.