Telegram To-To-to-earn令牌仓鼠Kombat（HMSTR），Notcoin（Not），Catizen（Cati）（CATI）撞车后撞车

输入：仓鼠Kombat（HMSTR），Notcoin（Not），Catizen（Cati）和其他Telegram Tap-to-earn令牌自airdrops以来崩溃了

Several Telegram tap-to-earn tokens, including Hamster Kombat (HMSTR), Notcoin (NOT), and Catizen (CATI), have crashed since their airdrops, leading to huge losses among their players and investors.

自从他们的气动器以来，包括仓鼠Kombat（HMSTR），Notcoin（Not）和Catizen（Cati）在内的几个电报到欧文代币，包括仓鼠Kombat（HMSTR），Notcoin（Not）和Catizen（Cati），导致球员和投资者造成了巨大损失。

As reported by Token Canals, HMSTR has crashed by 70% since its airdrop. Similarly, Catizen's price has dropped by 93%, and Notcoin's has fallen by 80%, valued at $25 million and $224 million, respectively.

据Token Canals报道，HMSTR自呼射以来坠毁了70％。同样，Catizen的价格下跌了93％，Notcoin's下跌了80％，价值分别为2500万美元和2.24亿美元。

Three main reasons may explain why these Telegram tap-to-earn tokens have crashed after their token generation event (TGE).

三个主要原因可以解释为什么这些电报点击到欧文代币在其令牌生成事件（TGE）之后崩溃了。

First, they plunged because the crypto industry has struggled to develop a viable "to earn" model, where people earn tokens that they can convert into cash. One challenge is that the developers and the participants have different goals.

首先，他们之所以跌倒，是因为加密行业一直在努力开发可行的“赚钱”模型，人们可以在其中赚取代币，可以将其转换为现金。一个挑战是开发人员和参与者有不同的目标。

In most cases, the developers typically want to create a real project that will last for a long time. That’s why many of them hire teams and spend money on research and development (R&D).

在大多数情况下，开发人员通常希望创建一个真实的项目，该项目将持续很长时间。这就是为什么他们中的许多人雇用团队并花钱在研发上（R＆D）。

On the other hand, participants are often interested in accumulating as many tokens as possible and then selling them immediately after the token generation event happens. This is exactly what happened among Telegram tap-to-earn tokens and even Pi Network, which launched its mainnet recently.

另一方面，参与者通常有兴趣积累尽可能多的令牌，然后在代币生成活动发生后立即出售它们。这正是Telegram To-to-to-earn令牌甚至PI网络之间发生的情况，该网络最近启动了其主网。

A similar pattern occurred with play-to-earn tokens including Sandbox, Axie Infinity, Gods Unchained, and Illuvium. Move-to-earn tokens like STEPN (GMT), Sweat Economy, and Step App (FITFI).

玩具到欧文的代币发生了类似的模式，包括沙盒，阿克西无限，众神不链接和伊利夫。转向欧文代币，例如Stepn（GMT），汗水经济和Step App（Fitfi）。

The other main reason why tokens like Hamster Kombat, TapSwap, Notcoin, and Catizen plunged is that they all exist in the TON Blockchain.

像仓鼠Kombat，Tapswap，Notcoin和Catizen这样的代币类似的代币跌落在吨区块链中。

An examination of TON's ecosystem shows that it is not as active as other popular chains like Solana and Ethereum. For example, Toncoin has a handful of decentralized exchanges, with STON, DeDust, and TONCO being the biggest ones.

对Ton的生态系统的检查表明，它不像Solana和Ethereum这样的其他流行连锁店那样活跃。例如，Toncoin有一些分散的交流，Ston，DeDust和Tonco是最大的交流。

The challenge is that many users don’t interact with these platforms. DeFi Llama data shows that DEX protocols handled a volume of just $3.8 million in the last 24 hours, a tiny amount considering that the DEX industry processed over $9.1 billion in assets.

面临的挑战是，许多用户不与这些平台进行交互。 Defi Llama的数据显示，DEX协议在过去24小时内的数量仅为380万美元，考虑到DEX行业处理超过91亿美元的资产，这一数量很少。

While these tokens are listed in centralized exchanges, having a good presence in the decentralized exchanges is usually a good thing.

尽管这些令牌在集中式交流中列出，但在分散交流中拥有良好的存在通常是一件好事。

Hamster Kombat and other tap-to-earn tokens like Catizen and Notcoin crashed because of their tokenomics that favored insiders. Also, these tokens face huge unlocks over time that will dilute existing holders.

Hamster Kombat和其他Tap-to-to-Earn令牌（如Catizen和Notcoin）坠毁，因为他们的令牌学很喜欢内部人士。而且，随着时间的流逝，这些令牌将面临巨大的解锁，这将稀释现有的持有人。

For example, HMSTR has a circulating supply of 64 billion and a total supply of 100 billion, meaning that 36 billion tokens will come online over time. Catizen has 314 million in circulating supply and 1 billion in total supply.

例如，HMSTR的循环供应量为640亿，总供应量为1000亿，这意味着随着时间的推移将在线上线。 Catizen拥有3.14亿个循环供应，总供应量为10亿。

Further, they have dropped because of the recent crypto market crash, where most altcoins dropped by double digits from their 2024 highs. This is hopeful as it signals a potential recovery in the next crypto bull run.

此外，由于最近的加密货币市场崩溃，它们已经下降了，大多数山寨币从2024年的高点起就下降了两位数。这是充满希望的，因为它标志着在下一次加密公牛奔跑中潜在的恢复。