The much-touted $HMSTR token launch which was linked to the tap to earn game Hamster Kombat left many players disappointed.
The Token launch left players who have spent months mining tokens with just $10 or ₹830 in Indian currency which equals around ₦7,800 for Nigerian players.
Hamster Kombat Players Earn Just $10 Following Token Launch
The $HMSTR token was launched at a price of ‘$0.0081’ and left most of the players high and dry with paltry returns from major exchanges like Binance and OKX today.
The game gained huge popularity, especially in India and Nigeria.
However, the returns were far below expectations after spending hours, days and months on the game which came into existence in March 2024.
Talking to a crypto media outlet, Crypto Times, a player revealed he had earned about 1,300 $HMSTR tokens and ended up earning around $10.
Another X user who went by the name Crypto with Khan stated there was a major bug in the Hamster Kombat airdrop that left many users receiving less than $5 in airdrop value.
However, most exchanges do not permit trading for amounts below this benchmark.
This effectively locked users out from selling their tokens.
This problem was also highlighted by other players with one player stating that he had earned 331.18 $HMSTR tokens valued at only $3.45 in their Bybit account.
Many players also felt that returns were hardly commensurate with the four months of efforts and the $HMSTR token feel like dust rather than a real airdrop.
The feeling of disappointment is widespread among players who expected more from the game.
Another cause of widespread discontent is the fact that Hamster Kombat disqualified over 2.3 million players for using unscrupulous methods and cheating.
The harsh penalties have frustrated many players, especially those players who have toiled for months farming rewards.
However, the developers of the game have enforced strict anti-cheating measures after they detected suspicious activities.
One such instance was when a single player was linking 400 accounts to a single Binance address.
The airdrop event was also delayed multiple times leading to a significant ranking of player count for Hamster Kombat, which has plummeted from 155 million active users to just 87 million in under a week.
Also, the last minute announcement that 11.25% of the 60 billion HMSTR tokens allocated to community members for Season 1 will remain locked for 10 months led to disappointment and anger at those who will not be able to monetize their tokens before the end of the lock-up period.
Another point of contention was the influencers who pocketed a lion share of airdrop than community members.
Kir Gusev, vice president of investment bank Troika Dialog felt that the lock up tokens were the only answer since doling out just $10 per user to 300 million users will require $3 billion which is just too impossible.
In all probability, the Hamster Kombat team did not have enough money for the airdrop.
