The popular cryptocurrency game Hamster Kombat has started its token listing on major markets including OKX and ByBit. However, the ongoing public uproar surrounding the recent HMSTR tokenization has dampened excitement about the release.
Hamster Kombat: ‘Wrong’ Token Distribution
Hamster Kombat employees have been accused of improper airdrop distribution of HMSTR tokens. Many players who have invested a lot of time and money in the game get a small portion of the tokens speculated; some did not have $50.
The community is particularly upset about the role of referrals in determining the distribution of tokens. The number of tokens received by the player was high compared to the number of transfers compared to other regular players. In addition, the group did not arrest more than 2 million people on the airspace after calling users “cheats.”
HAMSTER FIGURES
Season 1 results are complete:
– Hamster Kombat (@hamster_kombat) September 22, 2024
Non-Confidentiality and Breach of Promise
Other criticisms of Hamster Kombat are the perceived failure to be more open and the lack of fulfillment of some promises to the community. The team promised several major incentives to players, such as an “equally important” reward system that was never achieved.
The use of “keys” during the final weeks of season 1 also caused confusion as no clear information was released about the significance, as some players focused on collecting keys only to find out later that they were banned from short-changing.
Threats of Boycotts and Public Backlash
The public’s dismay at the token distribution caused a significant backlash. Most of the players who called the airdrop a “scam” expressed their anger on social media. Some have even promised to sell their tokens immediately after listing and avoid the game.
The Hamster Kombat team has yet to provide a clear explanation or solution to the community’s concerns. With millions of players unable to sell their tokens, the listing may face significant volatility and downward pressure on the HMSTR price.
Those who actively follow the project and invest in the premarket should know that the price of the token may rise by a reasonable amount and fall to low levels. Most players and investors see a lot of hope in the list, but this recent issue should make them take a cautious approach.
Meanwhile, Hamster Kombat will have to respond to public complaints and rebuild confidence after the dust settles if it wants to maintain its long-term success and appeal.
Featured image from Protos, chart from TradingView