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Hamster Kombat listing launch is coming soon. What to expect from this event?
The developers announced the end of earning coins the in-game coin amid the upcoming listing and determined the amounts earned by users.
Now that all the coins have been distributed, users eagerly await the start of trading. Here are the main highlights of the listing of the Hamster Kombat token (HMSTR).
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HMSTR listing: expectations and reality
It is expected that on Sep. 26, several cryptocurrency exchanges will launch the listing of the HMSTR token, including Binance.
What will happen to the HMSTR token on the listing? There is no clear answer to this question, but it is worth remembering that 87.3% of the tokens that will initially be released to the market can potentially be sold since the holders of these tokens want to take at least a cent for their many months of efforts.
In addition, history shows that all tap-to-earn game tokens fall one way or another after listing, for example, Notcoin (NOT), Dogs (DOGS) and Catizen (CATI). Therefore, maintaining the token’s price during the listing will be challenging for the Hamster Kombat team.
With a high degree of probability, many users will place selling orders and bring down the price. Stocking with huge percentages is unlikely to attract them now — the ephemeral opportunity to earn another $20 in six months will not console them.
The only thing that will help maintain the price is HODL. However, it is hard to believe that anyone other than the project team will want to hold HMSTR for a long time after the token distribution. If among the users who received the drop — the majority — are the wallets of the team itself. In this case, they will not sell coins from these wallets and will hold the price.
What the community says
For several months, the crypto community has been eagerly awaiting the listing of HMSTR. However, last week, millions of them were disappointed due to the volume of reward payments.
The distribution of HMSTR tokens did take place, but the gamers were not satisfied with the situation: it turned out that most of them would receive about $50. In addition, the creators decided to shortchange and block some of the players altogether.
After the distribution, a heated discussion of the unfair airdrop began on social networks. First, the players were surprised that the main source of tokens during the distribution was not passive income, which they had previously warned about, but those same keys.
Others noted that the game was not worth the effort simply because people left their smartphones on overnight, killing the battery — in return, the most experienced received a maximum of $50.
In a conversation with crypto.news, community members also did not show enthusiasm for the upcoming listing. Users expressed disappointment with the results of the token accrual, noting that they expected much more for their efforts.
“I spent almost the entire summer side by side with the hamster. I clicked on the hamster all my free time, believing that any work should be adequately rewarded. But I was still lucky — in any case, I was not accused of cheating, and the rewards were awarded.”
Jasy, Hamster Kombat player
“The only reason I am waiting for the listing is to sell the tokens. I do not consider these tokens good for long-term ownership, but I think it is clear why. My experience in Hamster Kombat is just finger training and nothing more.”
Mitsuko, Hamster Kombat player
“Overall, I am happy with the size of the reward. At first, I didn’t have high expectations and treated it as nothing more than another hype trend. Remember NFT, move-to-earn? What happened to them in the end? That’s why you should never expect significant rewards with one-day projects.”
Alien, Hamster Kombat player
Will Hamster Kombat’s listing have an impact on crypto market?
When millions of DOGS app users tried to get its free tokens simultaneously, the TON network barely coped with the load. Now, a coin from an even more popular game is getting ready to go live on the exchange.
The game developers claim that there are 300 million players who will also be awarded tokens that can be sold on crypto exchanges. At least several of the largest crypto trading platforms have already announced the start of trading in the HMSTR token, which will also be launched on the TON network.
Hamster Kombat has a huge user base. When everyone starts withdrawing tokens to their wallets, the network may freeze due to the high load as it was with DOGS. The distribution of HMSTR tokens to users’ wallets could slow down the TON blockchain for several weeks.
Maartunn, community analyst at CryptoQuant, told crypto.news that the launch and airdrop of the Hamster Kombat token could impact the crypto market in two significant ways.
In the short term, Hamster Kombat will generate high activity and dominance on the TON Network.
“In the short term, Hamster Kombat will generate high activity and dominance on the TON Network. We’ve seen similar trends with the DOGS airdrop, where, at certain hours, the token accounted for 30% to 50% of all transactions on the TON blockchain. Following the Hamster Kombat token airdrop, I expect a similar effect.”
Maartunn, community analyst at CryptoQuant
In the longer term, TON is steadily increasing traction, Maartunn says. At the beginning of this year, there were approximately 1.5 million transactions from around 338,000 users. Currently, this has surged to roughly 15.8 million transactions and 3.8 million users, reflecting a tenfold increase in both metrics.
The launch of popular tokens like Hamster Kombat is significant in driving this growth, said Maartunn, pointing to a chart showing the number of unique users and transactions on the TON network.
Risks and scandals around Hamster Kombat
Despite its popularity, the project has not been without its share of problems. The most notable are allegations of manipulation and underpayment to early investors. This has given rise to suspicions that the Hamster Kombat team may also be unfairly treating ordinary players.
In addition, many users have encountered scams: phishing sites, fake airdrop dates, and even attempts to hijack accounts have become common problems that undermine trust in the project.
Those who actively follow the project and invest in the premarket should understand that the token’s accurate price can rise and fall significantly. Many players and investors have high hopes for the listing, but the uncertainty associated with recent problems should force them to act carefully.
This article first appeared at crypto.news
