The post Hamster Kombat Players Might Just Earn $10 After A Messy Airdrop! Faces Huge Community Backlash appeared first on Coinpedia Fintech News
Many crypto projects have found it hard to survive beyond the airdrop, as members immediately cash out. Hamster Kombat might soon be facing a similar fate.
Players Likely To Earn Max $10!
As per various predictions, most of the Hamster Kombat players will likely earn a maximum of just $10 each when the HMSTR token starts trading on exchanges like Binance and OKX on Thursday, September 26 at 12:00 PM UTC.
This comes after the game’s airdrop was faced with controversy earlier this week due to allegations of unfair distribution. Hamster Kombat had disqualified 2.3 million users in September, with a card sent out to users saying “Cheating is bad”. This was a move made to protect the rewards of legit gamers ahead of its airdrop and token launch on the TON network.
Intriguingly, Only 43% of users, or 131 million people, who played the game since its March 26 launch as a mini-app on Telegram received the HMSTR airdrop. Around 2.3 million users were banned for cheating, and the majority of them did not meet the criteria. Hamster Kombat claims to have 300 million players, making it the biggest “clicker game.”
Importantly, what is being discussed is a last-minute announcement that 11.25% of the 60 billion HMSTR tokens allocated to community members for Season 1 will be locked for 10 months, which means that users will not be able to sell those tokens before the end of the lock-up period.
Notably, some other points of conflict include the small size of the token allocation to regular players, the banning of some legitimate gamers, and influencers individually swipinga bigger airdrop than community members.
After the airdrop allocation results were published on September 21, users who complained of being treated unfairly attacked the game with hashtags like #BoycottHamster and #HamsterIsScammer. As per some estimates, the HMSTR token will likely see high volatility when the token hits the market.
High Volatility For HMSTR Post Listing?
Early predictions put HMSTR’s price at between $0.001 and $0.005 per token based on previous Binance Launchpool listings and the euphoria that comes with the platform’s play-to-earn (P2E) features.
Crypto analyst Gautamgg compared Hamster Kombat to Notcoin, the first tap-to-earn project to launch on the TON blockchain. NOT, the native token of Notcoin, listed at a price of $0.0075 and reached a market cap of $700 million.
Criticisms Surround Hamster Kombat
Notably, Gautamgg expects that the HMSTR token will list at a price of between $0.008 to $0.009 per token, in the range of NOT. Based on the circulating supply of about 60 billion tokens, he projected that HMSTR token’s first-day total market cap would be between $504 million and $567 million.
His predictions suggest that if you have 1,000 HMSTR tokens, they will probably be valued at $8 at listing, based on the price of $0.008 per token. Notably, he expects that the price will plummet soon after listing.
In an X post, the analyst criticized the Hamster Kombat team for “lacking experience”. He said that “they’re making crazy money from YouTube (views & ads) by doing this. It’s pretty clear their focus is on profiting from content”. He noted that “the Project doesn’t have any actual use case or utility. There’s no impressive roadmap for the future.”
He also termed them as “unprofessional”, and shared that the team acted like social media influencers, pushing people to sign up on exchanges using referral codes. They made everyone sign up before the airdrop allocation to fulfill some hidden deals for money.”
He also highlighted that the lack of transparency over its founders and core team members is a big RED FLAG for any project. He remarked on another point that despite reaching 300M+ users, it failed to Win the TON Open League Contest, which indicates that something is seriously wrong with the project.
The team has not addressed the viral complaints, except for taking the high road in response to players claiming they were wrongfully restricted.
After the controversy surrounding the airdrop, many users are calling for the game to be boycotted and its influencers to be unfollowed.
There are numerous videos of YouTubers guaranteeing lakhs in airdrops from HMSTR who are now blaming the Hamster Kombat team while pretending to support the community. These instances are being referred to as wilful deception.
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