$BTC $SOL #hamster

Telegram game Hamster Kombat rejected all VC offers

Hamster Kombat, which has recently been played at a crazy level worldwide and reached 300 million users, announced that it rejected all investment offers from investment companies to "avoid Web3 funding traps"

Hamster Kombat announced in a statement that they have rejected many offers from venture capital companies since the day they were founded. The company stated that it made the rejection decisions to prevent large token sales by investors, also known as "liquidity outflow", which harm users.

"Crowds are used for money outflow"

In the statement, it was stated that the majority of Web3 projects see crowds only as an 'exit opportunity' and the following statements were used:

"The majority of Web3 projects want to create large crowds and use them as an 'exit opportunity'. This has become a rule in the industry. Companies generally; Instead of creating innovative projects that create real value and income, they make a convincing presentation to get funding, use it for marketing, do an airdrop or even a public ICO and then leave. The empty bags are left to the followers”

Coins supported by VCs always fell

As you may recall, in a previous study, it was stated that most of the coins listed on Binance this year and supported by large investors, also known as VCs, lost more than 80% of their value in the last 6 months (as of May). Among the investment companies that supported these coins or crypto projects were giant investment firms such as Paradigm, Binance Labs and Coinbase.