On September 26, 2024, Hamster Kombat, a preferred tap-to-earn Telegram recreation, launched the buying and selling of its HMSTR token on a number of main exchanges. Whereas the occasion was extremely anticipated, the airdrop ended up disappointing a big portion of the crypto neighborhood.
Many imagine it was “one of the worst airdrops in the history of the crypto.” Listed below are 5 the explanation why the Hamster Kombat airdrop failed to satisfy expectations.
What’s Incorrect With the Hamster Kombat Airdrop
1. Unfair Reward Distribution
Forward of the airdrop, many members have been unexpectedly disqualified. Those that centered on boosting their factors per hour (PPH) to build up tokens have been banned simply earlier than the occasion. The builders applied a brand new “anti-cheat” system, which caught many off guard.
In accordance with these affected, the transfer appeared to profit influencers, with a big quantity of the tokens redirected to them as a substitute of normal gamers. This last-minute rule change triggered main outrage.
2. Frequent Postponements and Sudden Rule Modifications
Initially, the Hamster Kombat workforce had deliberate the airdrop for July 2024, however as a consequence of technical unpreparedness, the occasion was delayed. This postponement angered many who had been eagerly awaiting their rewards.
In late August, the workforce introduced that the airdrop would lastly happen in September. Whereas they met this new deadline, they misplaced the belief of many neighborhood members.
Worse, simply earlier than the airdrop, the builders introduced that members would solely obtain 88.75% of their tokens. The remaining 11.25% wouldn’t be distributed till July 2025. This surprising rule change led to a rising boycott motion inside the neighborhood.
3. Low Itemizing Value of the HMSTR Token
One of many primary considerations going into the airdrop was the worth of the HMSTR token at launch. Sadly, these fears have been realized when the token debuted at $0.01.
Virtually instantly, the worth started to say no. This sharp drop dissatisfied each long-term and short-term traders who had anticipated extra from the undertaking’s token.
“Where are those YouTubers and influencers who gave the community false hope of $0.10 or $0.50? Hamster Kombat has turned out to be the worst airdrop in crypto history. It’s almost 50%-60% down now,” one X consumer wrote.
Learn extra: 7 Finest Exchanges To Purchase and Promote Hamster Kombat (HMSTR) in 2024
As of this writing, HMSTR is buying and selling at $0.0019 — nearly 40% decrease than its preliminary worth.
4. Issues with Promoting HMSTR Tokens
Many undertaking members discovered themselves with only some {dollars}’ value of HMSTR tokens after months of interacting with the sport. Gamers complained that regardless of the time spent on actions like tapping hamsters to earn rewards, the payouts have been disappointingly low.
“Hamster Kombat has cheated the community. They have allocated a large portion of airdrops to YouTubers and influencers for referrals. They’ve implemented vesting without informing the community. They’ve made people work like labor, day and night to collect keys from their games and gave $5 or $10 tokens,” Crypto with Khan, a distinguished crypto influencer commented.
Furthermore, these with small token quantities confronted extra challenges when attempting to promote them. Some exchanges, like Binance, require a minimal transaction worth of $5, making it unimaginable for customers with smaller token balances to money out their HMSTR.
5. Telegram Pockets Outages
The launch of HMSTR buying and selling coincided with technical points within the Telegram pockets, which is operated by TON blockchain. TON, constructed on the remnants of an deserted Telegram crypto undertaking, is accountable for operating the crypto pockets inside Telegram, the place customers maintain HMSTR tokens.
As a result of community overloads, many customers discovered themselves unable to entry or commerce their tokens, additional compounding frustrations across the airdrop.
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