Hamster Kombat has taken to X to make an exciting announcement: HMSTR trading has officially commenced. This tap-to-earn Web3 game, available on Telegram, is celebrating the listing of its HMSTR token on various cryptocurrency exchanges. However, the celebration has been somewhat overshadowed by a rapid decline in the token’s price. Additionally, the team had to deal with backlash due to its chaotic airdrop distribution recently.
HMSTR Trading Begins!
The launch of Hamster Kombat’s HMSTR token witnessed a dramatic 20% drop in its value, leading to heated discussions among airdrop recipients. Initially, the token was trading at $0.014, but it has since slipped to around $0.011. Trading began at 12:00 UTC on Thursday, with listings on major exchanges such as Binance, OKX, Bitfinex, and Bitget. In addition to trading, the platform enabled on-chain token claims, allowing for immediate withdrawals. At the time of writing, HMSTR is trading at $0.008189, down over 30% in the past 24 hours.
This token release marks a significant milestone for Hamster Kombat and serves as a crucial test for the TON blockchain. The blockchain had previously experienced outages during the DOGS airdrop in August. Developers had warned about the increased load expected from Hamster Kombat transactions, given its extensive user base.
Market analysts and influencers had speculated that the token would trade between $0.005 and $0.01 before its listing. Crypto influencer Ajay Kashyap predicted that the token would surge to $0.01, considering the hype surrounding its listing on Binance.
Hamster Kombat’s Roadmap to 2025
Recently, Hamster Kombat unveiled its ambitious roadmap for 2025. This plan outlines the development of a Web3 gaming platform that will integrate external payment systems and introduce new games. Additionally, it will incorporate non-fungible tokens (NFTs) as in-game assets. The roadmap also includes the creation of a dedicated advertising network to support the games. The team mentioned that revenues from this network will be used to fund token buybacks and reward distributions.
Interestingly, only 43% of the game’s total user base received tokens in this airdrop. Furthermore, 11.25% of the tokens distributed during the first season are locked for 10 months, which has been a recent topic of discussion. This distribution strategy and lock-up period aim to stabilize the token price and foster long-term value for holders.
As Hamster Kombat progresses towards its 2025 goals, the community remains optimistic about its future in the Web3 gaming space. With a clear roadmap and strategic plans for token distribution, the platform is poised to make significant strides in the coming years.
