- The Hamster Kombat airdrop was highly anticipated but fell short of expectations.
- Only 43% of players received airdrop tokens, sparking controversy.
- The HMSTR token experienced a significant price drop after launch, and the community is now calling for a boycott of the project.
Hamster Kombat Airdrop was supposed to be a significant milestone for TON Blockchain. On September 26, the highly anticipated Hamster Kombat airdrop took place, putting the TON blockchain to a substantial load test.
The blockchain worked diligently to manage the high traffic as over 100 million active users were onboarded. This event marked a first for TON. It had prepared itself extensively to handle the potential system overload.
Dear TON Validator
— TON Status (@ToncoinStatus) September 26, 2024
We would like to notify you that from the 26th of September 10:00 UTC we are expecting an increased load on the TON blockchain, as the Hamster Kombat game project with more than 100 million monthly active users will be minting coins on the blockchain, which is…
Hamster Kombat Airdrop: TON’s Historic Event Faces Mixed Results
Since its release in March 2024, Hamster Kombat has amassed 300 million users. Even the team of TON tried its hardest to ensure smooth distribution and instant transactions with minimal fees by Mintless Jettons technology.
This Hamster Kombat airdrop was the largest onboarding event in the blockchain’s history. During the event, TON warned users about possible downtimes due to the heavy load from Hamster Kombat’s token minting.
Despite the efforts, some complaints about system overload still came. However, most users experienced a lag-free process. Thanks to their effort, airdrop were completed, but it didn’t work as well as it was supposed to.
Additionally, the expectations from both players and investors were very high. The project also received backing from Binance, further boosting its credibility and appeal. With so much hype, the team of TON listed the HMSTR token on the same day.
Airdrop Reached Only to 43% of Players
The Hamster Kombat airdrop distributed tokens to only 43% of its users to create scarcity and boost the token’s value. This sparked controversy within the community. Out of 300 million players, only 131 million met the airdrop requirements, leaving many others dissatisfied
Yesterday, we witnessed the beginning of largest airdrop in crypto history. 131M qualified users getting their paws on Hamster Tokens on #TON
— TON (@ton_blockchain) September 27, 2024
Despite the heavy load, the TON blockchain has not missed a single block.⬇️
Initially, the airdrop was announced for July but was postponed to September, causing further player frustration. Despite the delay and unhappy faces, many still participated in the event and received airdrops in wallets.
What Went Wrong with the Hamster Kombat Airdrop event?
Overconfidence among participants was observed based on the hypothesis that the community was overfarmed and overadopted. This was one of the primary possible reasons for this big fuss.
After 4 to 6 months of continuous farming, the team postponed their Token Generation Event (TGE) from July to late September. Although they could have continued farming until December, the constant outrage from players forced them to launch earlier.
Despite initial optimism, the Hamster Kombat airdrop fell short of expectations. This led many participants to sell their tokens post-launch.
After months of engagement, many felt betrayed, receiving minimal token value for their efforts. Some users spent six months completing tasks, playing games, and promoting the project, only to be left empty-handed.
Adding to the frustration, HMSTR price lost 50% of its value within just 42 hours, trading below its pre-market price. Unlike other tokens on the TON blockchain, the HMSTR token saw no initial growth and began to decline sharply.
This drop is attributed to the community’s disappointment with the airdrop and a lack of interest in staking. This prompted many to sell their tokens.
Just After The Airdrop, The token Became Controversial
Hamster Kombat ($HMSTR), once eagerly awaited, quickly became a subject of controversy. This happened just after its launch on September 26 at 12 PM UTC (5:30 PM IST). The hashtag #HSMTRSCAM began trending on Twitter as annoyed users voiced their anger.
The community is now calling for a boycott of the project’s bot and social media accounts. As frustration mounts, the future of Hamster Kombat looks increasingly uncertain, with #HMSTRSCAM dominating online discussions.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
