Many cryptocurrency projects have found it difficult to survive beyond airdrops, as members immediately cash out. Hamster Combat may soon face a similar fate.
Players have a chance to win up to $10!
According to various predictions, most Hamster Combat players can expect to earn up to $10 each when HMSTR token trading begins on exchanges like Binance and OKX on Thursday, September 26th at 12:00 PM (UTC).
This comes after the game’s airdrop was met with controversy earlier this week due to allegations of unfair distribution. Hamster Kombat disqualified 2.3 million users in September, sending users a “cheating is bad” card. This was a move to protect legitimate gamers’ rewards ahead of the airdrop and token launch on the TON network.
Interestingly, since its launch as a mini-app on Telegram on March 26, only 43% of the users who played the game, or 131 million people, received the HMSTR airdrop. Around 2.3 million users were banned for cheating, most of whom did not meet the criteria. Hamster Combat claims to have 300 million players, making it the largest “clicker game”.
Importantly, there was a last-minute announcement that 11.25% of the 60 billion HMSTR tokens allocated to community members in Season 1 would be locked for 10 months, meaning users would not be able to sell those tokens before the lock-up period ends.
In particular, other conflicting factors include the small size of tokens allocated to regular players, the banning of some legitimate gamers, and influential people individually swiping larger airdrops than community members.
After the airdrop allocation results were announced on September 21, users who complained that they were treated unfairly attacked the game with hashtags such as #BoycottHamster and #HamsterIsScammer. Some estimates suggest that the HMSTR token is likely to be highly volatile when it is released on the market.
Are HMSTR listings highly volatile?
According to initial predictions, the price of HMSTR is expected to be between $0.001 and $0.005 per token, based on the previous listing on Binance Launchpool and the enthusiastic response to the platform’s Play-to-Earn (P2E) functionality.
Crypto analyst Gautamgg compared Hamster Kombat to Notcoin, the first tap-to-earning project launched on the TON blockchain. Notcoin’s native token, NOT, was listed at $0.0075 and had a market cap of $700 million.
Criticism Surrounding Hamster Combat
Specifically, Gautamgg expects the HMSTR token to be listed at a price between $0.008 and $0.009 per token, which is NOT the range. He estimates that the total market cap of the HMSTR token on the first day will be between $504 million and $567 million, based on a circulating supply of approximately 60 billion tokens.
According to his prediction, if there are 1,000 HMSTR tokens, they will be worth $8 at the listing, based on the price per token of $0.008. In particular, he expects the price to crash immediately after the listing.
In the X post, the analyst criticized the Hamster Kombat team for their “lack of experience.” He said, “They’re making crazy money on YouTube (views and ads) by doing this.” “It’s pretty clear that they’re focused on monetizing their content.” He noted, “There’s no real use case or utility to this project. There’s no impressive roadmap for the future.”
He also called them “unprofessional” and shared that the team acted like social media influencers, pushing people to sign up for the exchange using referral codes. They made sure everyone signed up before the airdrop allocation in order to execute hidden trades for money.
He also emphasized that the lack of transparency regarding the founders and core team members is a big red flag for any project. He mentioned another point that despite reaching over 300 million users, they did not win the TON Open League Contest, which indicates that there is something seriously wrong with the project.
The team has taken no action in response to the viral complaints, other than taking a hard line when players claimed they were unfairly restricted.
After the controversy surrounding the airdrop, many users are calling for a boycott of the game and unfollowing influential people.
There are many videos of YouTubers promising hundreds of thousands of dollars in airdrops from HMSTR, who are now pretending to support the community while dissing the Hamster Combat team. These cases are called intentional scams.