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Cryptocurrency News Articles
Hamster Kombat Airdrop Leaves CEOs Underwhelmed After the Project’s Token Distribution Was Deemed Unfair
Sep 27, 2024 at 07:20 pm
Crypto airdrops are strategic ways for these startups to distribute tokens and coins to specific wallet addresses that meet predetermined conditions.
After much anticipation, Hamster Kombat’s airdrop finally went live on September 26th. The project’s developers claimed that the airdrop was the largest in the history of blockchain technology, with over 300 million people joining Hamster Kombat since March 26, 2024.
The airdrop was so hyped that the TON developers urged the blockchain’s validators to show up for any urgency during the distribution process. The call to action was to prevent a possible downtime from the expected influx of on-chain activity.
However, the airdrop seems to have left a sour taste in the mouths of many participants, with most airdrop recipients only receiving a tiny amount of tokens. This has sparked a wave of negative reactions from the crypto community.
One Hamster CEO highlighted that the project’s token distribution was unfair since they banned legitimate participants. The user also expressed discontent with influencers getting massive airdrops while real users only got “dust.” The user stated that the project was “not a Hamster” but a “Scamster.”
Another frustrated Hamster CEO explained how farmers made only $10 after more than five months of farming. One particular Hamster CEO showed their Hamster Allocation of 8.2 million PPH but only received 3009 HMSTR, equivalent to $20 based on the current HMSTR market price.
Another user claimed that the Hamster Kombat team failed to mention that 12% of the tokens are locked after listing, and participants only received between 100 and 5000 HMSTR tokens.
One crypto analyst and researcher criticized the project for having an unprofessional team behind its development. The analyst stated that the concept was not original and had initially been presented to the market by Notcoin.
According to the crypto price tracking website Coinmarketcap, HMSTR is trading at $0.006867. The token’s price has dipped by 29% in the last 24 hours. It has a market capitalization of $442 million and a 24-hour trading volume of $1.08 billion.
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