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DeFi News

Hamster Kombat Launches DAO for HMSTR Token Holders

HMSTR token holders can now vote on DAO, giving them authority and control over the project.

Written By:
Jalpa Bhavsar

Reviewed By:
Jahnu Jagtap

Last updated: December 12, 2024 1:22 AM
Published December 11, 2024 9:40 PM
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Last updated: December 12, 2024 1:22 AM
Published December 11, 2024 9:40 PM
Hamster Kombat Launches DAO for HMSTR Token Holders

Hamster Kombat, once a popular crypto game, has announced the launch of a Decentralized Autonomous Organization (DAO) for its token holders. This is the first major update the community has received in a while.

Hamster Kombat became a viral crypto game and a massive hit, particularly on Telegram, due to its entertaining gameplay and meme potential. It received a lot of attention and soon rose in popularity, eventually becoming one of the most subscribed crypto channels on Telegram. 

However, things took a turn when the project launched an airdrop that many users didn’t like. The airdrop came with a lock-in period, meaning token holders couldn’t immediately trade their tokens, which left a lot of people frustrated.

The Hamster ecosystem is Coming Soon

Despite this, the team promised updates, and now, with the launch of the DAO, they are delivering on that promise.

The DAO is a big deal for the Hamster Kombat community. It means that HMSTR token holders will now have a say in how the project moves forward. They can vote on important decisions, allowing for a more transparent ecosystem and giving the community more control over the game’s direction.

Although the full details on how the DAO will work aren’t clear yet, this move is a step towards making the project more reliable and trustworthy.

Even with the previous issues, Hamster Kombat still has the largest crypto-related Telegram channel, showing that there’s still a lot of interest. At the time of writing, the price of Hamster Kombat has reached $0.003584, which is 8.33% higher in the last 24 hours.  

Also Read: Hamster Kombat Hits $5.3B Volume with 11M Token Holders

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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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:

Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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