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Market News

Hamster Kombat Rejects Venture Capital Offer

Written By:
Iyiola Adrian

Last updated: August 13, 2024 12:02 PM
Published August 13, 2024 3:46 AM
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Last updated: August 13, 2024 12:02 PM
Published August 13, 2024 3:46 AM
Hamster Kombat Rejects Venture Capital Offer

The development team behind Hamster Kombat has recently disclosed that they have declined multiple offers from venture capital firms in the crypto sector. 

The team announced this on August 10 via the game’s official Telegram channel. The team explained that they chose not to accept venture capital funding to keep the game centered around its players. 

They believe that taking funds from investors could lead to situations where the player bases would be used as a source of revenue for investors, which the team wants to avoid. 

Instead, they aim to ensure that the game rewards players fairly based on their participation and efforts. While the team did not name the venture firms that showed interest, they made it clear that Hamster Kombat’s development will continue without external funding. 

In addition to this, the team also shared details about the upcoming Hamster Kombat token (HMSTR). They plan to reserve 60% of these tokens for the players, with the remaining amount set aside for liquidity, partnerships, in-game rewards, and future development of the game’s ecosystem. 

The announcement also included a warning about scams related to fake HMSTR token airdrops. The team has warned players to be cautious and avoid falling for these scams.

Hamster Kombat has already gained a huge following, with over 300 million players. The game’s developers are also planning what they call “the largest airdrop in crypto history.” 

Also Read: TON Gaming Head Discusses Hamster Kombat and Future Trends

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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