The commercial rodent was named after MtGox by its German owners, once the world’s largest crypto exchange. He filed for bankruptcy in 2014 after stealing 750,000 bitcoins.
“It seems like most people in our generation see no other chance than to throw a large chunk of their savings into the crypto market, without having a clue what’s going on there,” said its owners at the BBC when Mr. Goxx first rose to fame.
“We were joking about whether my hamster would be able to make smarter investment decisions than us humans.”
Mr. Goxx’s office was attached to his cage and he was free to enter and trade at any time.
Each time he entered, a livestream was activated on Twitch and an automated post was sent to Twitter to inform his followers that a trading session had started.
A combination of software scripts, computers, and microcontrollers made transactions based on their actions, essentially making each transaction a random shot in the dark.
His hamster wheel became the method by which he selected the cryptocurrency to trade. As he ran, he scrolled through different types of cryptocurrency with the one that had been selected when he stopped and then bought or sold.
Two nearby tunnels acted as “sell” or “buy” triggers, with transactions being automated depending on which one he walked through.
And while its profit margin is impressive, its owners were quick to point out that real traders shouldn’t use Mr. Goxx as pointers.
“This content is for entertainment purposes only. The investments presented here are not financial advice,” read each tweet.
Meanwhile, the future of Goxx Capital, the company that handled the investments, hangs in the balance.
“For us, the humans behind Goxx Capital, the situation is difficult to grasp and questions about a possible continuation of the project do not concern us at the moment (for now, we will leave everything as is)”, they wrote. .
“Thank you and rest in peace, Max (aka Mr Goxx). We will miss you and your memory will live on the blockchain forever.”