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Cryptocurrency News Articles

Hamster Kombat listing launch is coming soon. What to expect from this event?

Sep 26, 2024 at 03:14 am

The developers announced the end of earning coins the in-game coin amid the upcoming listing and determined the amounts earned by users.

Hamster Kombat listing launch is coming soon. What to expect from this event?

The long-awaited listing of the Hamster Kombat (HMSTR) token on several cryptocurrency exchanges is expected to take place on Sep. 26. Binance has already announced the addition of HMSTR to its listing schedule.

With the listing, those who participated in the game will finally be able to trade their tokens on the open market. However, there is a lot of uncertainty surrounding what will happen to the HMSTR token price after the listing.

According to the initial tokenomics, 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.

On the other hand, 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.

Most likely, 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.

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.”

“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.”

“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.”

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.”

In the longer term, TON is steadily increasing

Original source:crypto

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