#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
$HMSTR is not a scam!
I have been seeing a lot of posts on Binance Square about $HMSTR saying it's a scam. But it's not.
Here are some things you should know about the Telegram Mini Game:
1. There are many legit projects in Telegram like $HMSTR. We all have seen $NOT, $DOGS & $CATI tokens. These are also Telegram mini game projects, which is known as the P2E (Play To Earn) game.
2. Why it's not a scam?
- Because they want to launch their token and they need a community that gives them the support they need for listing that token in big exchanges.
- It's a Marketing Strategy. They giveaway some percent of their total token as an Airdrop to the active community members, and because of this Airdrop, community members invite other people to the game and this is how the community grows larger day by day.
3. How many Tokens can you earn by playing these mini games?
- Well, it totally depends on you. How active are you? How many people you invited to the game or how you helped to make the community grow? There are also some in-game rules and badges. So all you have to do is be active and finish the tasks as much as possible.
4. What could be the token price?
- It depends on the total market cap and total token supply.
I saw some people predict the token prize as per the pre listing price. But it's not true and it gives us false hope. So don't trust these people and what they are saying.
Cause, A token actual price can be known when it launches on the market and investors & traders put their money on that token. Pre market price is nothing when it comes to actual launch.
As an example, the $CATI token pre-market price was around $0.3 to $0.6. But when it launched, it's price was up to $1.
So we never know what the listing price is for any token.
5. Should we hold the token we got from airdrops or should we sell it?
- It also depends on you. I would say if you want to hold it then hold it for the long term.
Thanks. Let me know your thoughts!