Hamster Kombat Faces Challenges in the Crypto Space: An Overview 🎮
Numerous cryptocurrency initiatives grapple with sustainability beyond the initial excitement of airdrops, often leading members to quickly cash out once rewards are distributed. Hamster Kombat appears poised to confront similar challenges this year.
Predicted Earnings for Players 💰
Various analyses suggest that most participants in Hamster Kombat could earn a maximum of just $10 each when trading for the HMSTR token begins on prominent exchanges, including Binance and OKX. The trading is set to commence on Thursday, September 26 at 12:00 PM UTC.
The backdrop to this situation includes a recent controversy regarding the game’s airdrop process. Earlier this week, Hamster Kombat invalidated the accounts of 2.3 million players, issuing warnings against cheating in a notification to users. This step was aimed at safeguarding the rewards for authentic gamers ahead of the airdrop and the HMSTR token introduction on the TON blockchain.
Interestingly, from the 131 million players who have engaged with the game since its launch as a mini-app on Telegram on March 26, only 43% qualified for the HMSTR airdrop. The vast majority of those disqualified had not adhered to stipulated guidelines. Despite claims of boasting 300 million users, Hamster Kombat continues to highlight its status as the largest “clicker game.”
A crucial development involves a last-minute announcement that mandates 11.25% of the 60 billion HMSTR tokens designated for community members during Season 1 to be locked away for a period of ten months. This restriction implies users will be unable to liquidate their tokens until the lock-up duration concludes.
Additional areas of contention include the relatively insignificant token allocation for ordinary gamers, the banning of legitimate participants, and some influencers receiving larger airdrop amounts compared to community players.
After the airdrop results were released on September 21, numerous individuals who felt wronged voiced their concerns via social media, employing hashtags like #BoycottHamster and #HamsterIsScammer. Observers caution that the HMSTR token is likely to experience significant price fluctuations when it officially enters the market.
Potential for Price Volatility in the Market 📈
Initial forecasts estimate that the price of HMSTR tokens could fall within the range of $0.001 and $0.005. This estimation draws its basis from earlier Binance Launchpool occurrences and the excitement typically surrounding the platform’s play-to-earn (P2E) features.
Prominent crypto analyst Gautamgg has drawn comparisons between Hamster Kombat and Notcoin, the first tap-to-earn initiative to be launched on the TON blockchain. He notes that the native token for Notcoin, NOT, debuted at $0.0075 and achieved a market cap of $700 million.
Concerns Regarding Hamster Kombat 🎯
Gautamgg predicts that HMSTR will debut at a price ranging from $0.008 to $0.009, aligning it closely with the pricing of NOT. Considering the total supply of approximately 60 billion tokens, he estimates that the initial market capitalization for HMSTR will fall between $504 million and $567 million.
According to his analysis, if you hold 1,000 HMSTR tokens, they’re likely to be valued at around $8 at the onset, based on the preliminary price of $0.008 each. However, he anticipates a considerable decline in value soon after trading begins.
In a discussion on social media, the analyst criticized the Hamster Kombat development team for what he perceives as a lack of industry experience. He pointed out that their primary focus appears to be generating revenue through content creation. Gautamgg expressed concern that the project lacks a substantial use case or utility, coupled with an unimpressive future roadmap.
He labeled their conduct as “unprofessional” and shared his view that the team has adopted tactics more akin to social media influencers, encouraging users to register with exchanges utilizing referral codes prior to the airdrop. The focus on fulfilling undisclosed financial arrangements raises significant questions.
A notable point of concern lies in the project’s opacity regarding its founders and core team members, which represents a glaring warning sign for investors. Additionally, despite claiming a user base exceeding 300 million, the project notably failed to secure a position in the TON Open League Contest, suggesting deeper issues within the initiative.
Following the uproar surrounding the airdrop, many players are advocating for a boycott of Hamster Kombat and its associated influencers.
A plethora of content from influencers has appeared on platforms like YouTube, showcasing promises of substantial airdrop rewards from HMSTR. These creators now seem to shift the blame onto the Hamster Kombat team while claiming to champion the community, prompting accusations of deliberate deception.
Hot Take 🔥
Hamster Kombat navigates a complex landscape filled with challenges, particularly following its contentious airdrop process. As the game ventures into the trading realm, it faces skepticism from participants and analysts alike. The ongoing developments will be crucial in determining the project’s sustained viability this year.
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