The highly anticipated HMSTR token from the viral play-to-earn game on Telegram, Hamster Kombat, has officially gone live, marking another milestone for the game’s growing community.
The token is now available for trading on major cryptocurrency exchanges, including Binance, Bybit, Bitfinex, OKX, and Hashkey Global.
Accompanying the launch was an airdrop event, with 60 billion tokens—representing 60% of the total supply—distributed to 129 million players.
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The token debuted at the price of $0.012 yet has since dropped by 29.6% to trade at $0.008 at the time of writing.
Many players felt let down after this launch, with many taking to social media to voice their frustration about spending months playing the game only to receive rewards they found insufficient.
Hamster Kombat also faced criticism after revealing that over 56% of its 300 million users were disqualified from the airdrop. Further controversy arose when an additional 2.3 million accounts were banned due to cheating, reducing the pool of eligible players even more.
As for the token’s distribution, 4% is allocated for marketing purposes, another 4% goes towards exchange liquidity, 3% has been reserved for Binance Launchpool stakers, and 6% has been set aside for partnerships and grants.
While the developers continue to prioritize the integrity of Hamster Kombat, the community is sure to remain vigilant as this unfolding story develops further.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
