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Hamster Kombat Teaches Us There Is No Free Money

Players have accused Hamster Kombat developers of "wasting their time" but can you blame them really?

Written By:
Shubham Sahu

Reviewed By:
Vaibhav Jha

Last updated: September 24, 2024 12:25 PM
Published September 24, 2024 12:25 PM
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Last updated: September 24, 2024 12:25 PM
Published September 24, 2024 12:25 PM
Players are upset over Hamster Kombat game

300 million players, 60 billion tokens, 131 million qualifiers and 2.3 million banned accounts; behind these staggering numbers of Hamster Kombat lies a tale of hype, hope, anger, and broken dreams.

From being the most hyped play-to-earn crypto game on Telegram, Hamster Kombat has recently been at the receiving end of community’s anger due to their alleged “unfair tactics”. Ahead of its scheduled airdrop on September 26, there is an overall sense of disappointment engulfing users, as the millions and billions of $HMSTR points they earned did not emerge to be of much value.

Ever since its launch in March this year, the game has turned into an overnight sensation with 300 millions of players from Russia and Iran to African and South Asian countries. However, the expectation that tapping into a crypto video game will make everyone a millionaire has turned out to be a complete fallacy.

‘Thus, as a result, social media platforms like X have become a battleground where frustrated players have started criticizing the hamster team. Hashtags like #justiceforHamsterKombatplayers and #HamsterKombatScam have started trending as many users accuse the video game management of “wasting their time”, which is ironic to be honest. Once a thriving community, Hamster Kombat is now becoming a cautionary tale in the crypto space. 

Why Are Hamster Kombat Users Angry?

Hamster Kombat got mass attention with over 300 million users, and for over five months users have been grinding to increase their “points per hour” (PPH)- a metric they were told was crucial by the game developers, but later “key collections” were prioritized over PPH in token allocation.

Due to these intrinsic rules structure, several players were disqualified from the much-anticipated Season 1 airdrop. This move left many players feeling betrayed and their efforts wasted.

Source:X

Additionally, the game management also banned 2.3 Million players for using unethical techniques to collect hamster keys. Moreover, the users who were allocated to the airdrop were also not happy because of the very low rewards after all these efforts. 

Users have taken to social media to complain that they “wasted” hours, even days, to collect HMSTR points which ultimately did not turn out to be as valuable as predicted. Users have also put allegations that certain influencers who did zero work on the game got massive $HMSTR tokens through referrals.

Another big reason behind the community’s disappointment is that the team implemented vesting without informing the community. That means on the day of listing 88.75% of the HMSR tokens can be claimed and the remaining 11.25% will be claimed after 10 months.

Why Only 131 Million Users Qualified for Airdrop?

Hamster Kombat’s decision to limit the airdrop to 131 million players raised the eyebrows of many players. However, the exact reason was not disclosed by the Hamster team, it depends on several factors such as controlling the token supply, rewarding the most active users and managing the economic impact of the airdrop.

🛡 PROTECTING THE HAMSTER 🛡

👿 We’ve banned over 2.3 million cheaters — enough to fill the entire city of Rome!

🏴‍☠️ Wondering how we caught them? Well, here’s an example: One person connected over 400 accounts to a single Binance address, while another invited almost 2,000… pic.twitter.com/LaHrn3ow2K

— Hamster Kombat (@hamster_kombat) September 23, 2024
Source: X

Furthermore, it looks like the move turned out to be disastrous for the team and fueled the community with concerns regarding Hamster Kombat.

Let’s Be Honest : Tap-to-earn games have no real value

The Hamster Kombat saga highlights a broader issue with these play-to-earn games. These simplistic models focus on short-term incentives and instead focus on building long-term, value-driven models. 

By focusing on mindless tapping rather than genuine gameplay or skill development, they create a bubble of artificial value that’s prone to bursting once the initial hype fades.

Moreover, Ethereum co-founder Vitalik Buterin recently raised concerns about these types of projects that lack real value. Vitalik suggested that a crypto project should have a proper goal, engaging activities for the community, and a solid foundation.

These projects could evolve into better and more sustainable projects by implementing some features in them. First of all these projects should focus on more complex gameplay mechanics that reward skill and strategy. Improving tokenomics of a project that balances distribution and supports longevity.

Additionally, they should include genuine community engagement tasks and education elements so that a project could provide something better value beyond potential earnings. At last project should embrace transparency in game development and token distribution.

How Hamster Kombat Price Will Perform After Listing?

As the listing of the HMSTR token is approaching and considering the current controversies, its price may experience significant volatility during the initial phase.

For comparison, previously Notcoin and Dogs had a successful airdrop, but after listing, their prices crashed badly. At the time of writing, Notcoin was down by almost 73.57% from its all-time high, and the DOGS token was down by almost 48.34% from its all-time high.

If the same scenario goes with $HMSTR then investors could witness a massive price dump, however, vesting can also act as a cushion against the fall. Also after the bad allocation of season 1, players are not excited about the Hamster Kombat season 2 airdrop.

Conclusion

Hamster Kombat has shown us that there is no such thing as free money in the world of crypto. The hamster project was a roller coaster ride for the crypto investors and taught a valuable lesson that only better models and sustainable ecosystems will be key to long-term success. After all this airdrop drama one thing becomes crystal clear: in the land of blockchain, not all that glitters is crypto gold.

Also Read: Hamster Kombat Announces Final List Before Airdrop: 131 Million Qualify

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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By Shubham Sahu
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Shubham Sahu is a Freelance Content Writer with 7 years of experience in the financial markets and over 5 years in the crypto industry. He holds degrees in B.Tech and B.Ed, and has a strong background in market research, crypto trends, and on-chain analysis. Shubham specializes in exclusive and in-depth research articles. His investigative work, including a story on the identity of Satoshi Nakamoto, was featured in an article by TIME.com, highlighting his contribution to crypto journalism.
Vaibhav Jha - Former Editor In The Crypto Times
By Vaibhav Jha
Vaibhav Jha is an Editor and Content Head at The Crypto Times. He comes on board with a vast array of experience working as a journalist for leading national and international English newspapers. He has a penchant for research and storytelling is his forte. When not working, Vaibhav can be found watching Hindi classic movies or listening to 90's music.

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