As a seasoned researcher with years of experience in the cryptocurrency market, I find myself intrigued by the upcoming Hamster Kombat token (HMSTR) listing. Having closely followed the tap-to-earn gaming sector and observed the trajectories of similar tokens like NOTcoin, Dogs, and Catizen, I can’t help but feel a sense of deja vu.
Hamster Kombat listing launch is coming soon. What to expect from this event?
In simple terms, the developers have declared that users will no longer be able to earn coins within the game as it prepares for its upcoming listing. They also decided on the amount of coins each user had previously earned.
With the distribution of all coins now complete, users anxiously anticipate the commencement of trading. Here’s a summary of the upcoming listing for the Hamster Kombat token, HMSTR:
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HMSTR listing: expectations and reality
On September 26th, it’s anticipated that various cryptocurrency trading platforms, among them Binance, will debut the HMSTR token for trading.
Here’s one way to rephrase the sentence in a more natural and easy-to-read style: “Upon listing, there is a possibility that up to 87.3% of the HMSTR tokens could be sold, as the token holders may wish to recoup some value for their prolonged efforts.
Furthermore, it’s worth noting that tokens from tap-to-earn games have a tendency to drop in value after they are listed on exchanges, such as Notcoin (NOT), Dogs (DOGS), and Catizen (CATI). Consequently, the Hamster Kombat team may find it difficult to keep the token’s price stable during the listing process.
It’s highly likely that numerous users will choose to sell their holdings, causing the price to drop. At this point, significantly increasing your stockpile isn’t enticing – the prospect of earning an additional $20 over the next six months won’t compensate for the current lack of appeal.
The key factor preserving the token’s value is holding onto it, often referred to as HODLing. However, it seems unlikely that anyone outside the project team would want to keep holding HMSTR tokens after distribution, especially if a significant number of the distributed tokens belong to the team’s wallets themselves. In such a scenario, they wouldn’t sell coins from these specific wallets, thereby supporting the token price.
What the community says
Over the past few months, the crypto community has been looking forward to the addition of HMSTR. But last week, many were left disheartened as a large number of reward payments caused volume issues.
The allocation of HMSTR tokens was completed, yet the gaming community expressed dissatisfaction due to a discovery: the majority were expected to receive roughly $50 each. Furthermore, it was determined that certain players would be unfairly treated by reducing their tokens or outright blocking them from receiving any.
Following the distribution event, there was a lively debate on social media platforms about the perceived unfairness of the airdrop. Initially, participants were taken aback to find out that the primary source of tokens during the distribution wasn’t passive income, as they had been cautioned about earlier, but rather those very same keys.
Some pointed out that the game wasn’t really rewarding since playing it drained one’s phone battery by leaving it on all night, and the top performers only earned a maximum of fifty dollars.
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.
For nearly the whole summer, I spent a lot of time with my hamster companion. Whenever I had spare moments, I’d interact with him, convinced that hard work deserved recognition. Fortunately, I didn’t face any accusations of dishonesty, and in the end, I was rewarded for my efforts.
Jasy, Hamster Kombat player
“I’m just holding out for the listing so I can cash in on those tokens. Frankly, I don’t believe they are suitable for long-term investments, but hopefully, my reasons will be evident. My involvement with Hamster Kombat has been more about honing my skills rather than anything substantial.
Mitsuko, Hamster Kombat player
In summary, I’m content with the scale of the reward. Initially, my hopes weren’t high, viewing it merely as another passing trend similar to NFTs or move-to-earn initiatives. As we all recall, those trends didn’t exactly pan out as expected in the long run. So, it’s wise not to anticipate substantial returns from short-term projects.
Alien, Hamster Kombat player
Will Hamster Kombat’s listing have an impact on crypto market?
When countless users of the DOGS app attempted to claim their free tokens all at once, the TON network struggled to handle the surge in demand. Soon, a digital currency from a widely played video game is set to launch on cryptocurrency exchanges.
Game creators assert that approximately 300 million gamers stand to receive tokens, tradable on cryptocurrency exchanges. Notably, some prominent crypto trading sites have already signaled their intent to initiate transactions with the HMSTR token, slated for release on the TON blockchain network.
In simpler terms, the popularity of Hamster Kombat is so vast that when many users simultaneously transfer their tokens to their personal wallets, the network might encounter issues due to excessive traffic, much like what happened with DOGS. This mass token distribution could potentially congest the TON blockchain for a few weeks.
According to Maartunn, a community analyst at CryptoQuant, the debut and distribution of the Hamster Kombat token may influence the cryptocurrency market in two substantial manners, as reported by crypto.news.
In the short term, Hamster Kombat will generate high activity and dominance on the TON Network.
For a while, the Hamster Kombat token is likely to drive intense engagement and influence within the TON Network. This pattern mirrors what we observed with the DOGS airdrop, during which the token represented 30% to 50% of all transactions on the TON blockchain at specific times. Post-Hamster Kombat token distribution, I anticipate a comparable surge in activity.
Maartunn, community analyst at CryptoQuant
Over time, TON is gaining more and more popularity according to Maartunn. To start the year, about 1.5 million transactions were made by around 338,000 users. Now, that number has skyrocketed to nearly 15.8 million transactions and 3.8 million users, indicating a tenfold increase in both transaction count and user base.
According to Maartunn, the introduction of well-known tokens such as Hamster Kombat plays a crucial role in fostering growth, as indicated by a graph demonstrating the rise in unique users and transactions on the TON network.
Risks and scandals around Hamster Kombat
Although it’s widely recognized, the project isn’t free from issues. The main concerns are accusations of manipulation and insufficient compensation for initial backers. Such allegations have sparked doubts about whether the Hamster Kombat team might similarly mistreat average gamers.
Furthermore, it’s not uncommon for users to fall victim to fraudulent activities such as deceptive websites, false airdrop announcements, and account takeovers. These issues are increasingly prevalent, causing concern and eroding trust in the project.
Individuals keeping tabs on the project and purchasing tokens prior to public listing ought to realize that the token’s value may experience substantial fluctuations. While there is optimism surrounding the launch from many participants and investors, they should exercise caution due to uncertainties stemming from recent issues.
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2024-09-25 22:26