Tech

Hamster Kombat Announces Details of 60 Billion Token Airdrop

2 months ago
Bitcoin Ethereum News

TLDR

  • 60 billion HMSTR tokens (60% of total supply) to be airdropped after Season 1
  • Only 43% of total users (131 million out of 300 million) qualified for the airdrop
  • 88.75% of allocated tokens claimable immediately, 11.25% vested for 10 months
  • 2.3 million users banned for cheating
  • Hamster Kombat claims this will be the “largest airdrop in the history of crypto”

Hamster Kombat, the popular Telegram-based crypto game, is gearing up for what it claims will be the “largest airdrop in the history of crypto.”

The game’s developers have announced the details of their token distribution, set to take place on September 26, 2024.

The game, which has gained significant traction in the Web3 space, boasts over 300 million users. However, only 131 million users, or approximately 43% of the total user base, have qualified for the upcoming airdrop. This revelation comes after the team banned 2.3 million accounts for suspected cheating.

Of the total 100 billion HMSTR tokens, 60 billion (60% of the total supply) will be distributed in this initial airdrop. The remaining 15 billion tokens are reserved for the upcoming Season 2 of the game.

This allocation strategy aligns with the Hamster Foundation’s earlier statement that the majority of the token volume would go directly to the players.

In an interesting twist, the team has implemented a vesting mechanism for the airdropped tokens. Eligible users will be able to claim 88.75% of their allocated tokens immediately upon the airdrop.

The remaining 11.25% will be subject to a 10-month vesting period, becoming available in July 2025. This decision has sparked mixed reactions within the community, with some players expressing disappointment at not being able to access their full allocation from day one.

The HMSTR token will be minted on The Open Network (TON), although its initial value remains unknown until trading begins.

The Hamster Kombat team has emphasized that there were no early investments or venture capital involvement in the token, stating that “there is no extra sell pressure” and that the token’s value will be determined solely by market forces and community interest.

This airdrop comes on the heels of another significant token distribution in the Telegram gaming space. Last week, the Catizen game faced backlash from its community following unexpected changes to its airdrop criteria.

The Hamster Kombat team seems to be facing similar challenges, with some players voicing concerns about the weight given to various factors in determining airdrop allocations, particularly the emphasis on friend referrals and the earning of keys.

Despite these concerns, the sheer scale of the Hamster Kombat airdrop is noteworthy. With 60 billion tokens set for distribution, it represents a significant moment in the crypto gaming landscape.

The game’s rapid growth, amassing hundreds of millions of users in just 81 days, has caught the attention of industry figures.

Telegram founder Pavel Durov has suggested that the game’s success could contribute significantly to broader Web3 adoption by introducing millions of new users to cryptocurrency.

As the crypto gaming sector continues to evolve, the Hamster Kombat airdrop serves as a prime example of the opportunities and challenges inherent in distributing tokens to a massive user base.

The coming weeks will likely provide valuable insights into how such large-scale airdrops impact user engagement, token economics, and the overall health of crypto gaming ecosystems.

With the airdrop date approaching, all eyes will be on Hamster Kombat to see how this significant token distribution unfolds and what it might mean for the future of Web3 gaming.

Source: https://blockonomi.com/hamster-kombat-announces-details-of-60-billion-token-airdrop/