The Binance Launchpool campaign offers users the opportunity to earn new Tokens by staking their assets.
Popular Telegram game Hamster Kombat is launching its new HMSTR Token on The Open Network later this month. To celebrate the event, billions of HMSTR Tokens will be distributed through the Binance Launchpool campaign starting on September 19, 2024. The campaign will reward both the game's players and Binance users.
The Hamster Kombat team revealed that there will be a total of 100 billion HMSTR tokens, of which 60% will be for an airdrop. 3 billion of those are reserved for the Binance Launchpool campaign. Users in eligible countries (excluding the United States) can earn HMSTR tokens by staking Binance Coin or the stablecoin FDUSD during the week-long campaign, which ends before the token's official launch on September 26.
Binance Users Can Earn HMSTR
Binanceâs Launchpool campaign allows users to earn new tokens by staking their assets. Previous campaigns this year, such as those for gaming tokens Pixels and Portal, have seen significant staking. Given the large player base and growing popularity of Hamster Kombat, this campaign is expected to attract similar interest.
Hamster Kombat has more than 300 million players, making it one of the biggest Telegram games. However, experts are concerned about whether TON, the blockchain behind the game, can handle the sudden surge in demand. The network experienced technical issues and crashed twice during its previous airdrop in August. However, the TON team is hopeful that these issues will be resolved for a smoother launch.
Hamster Kombat Season 1 will end on September 20, 2024. At the end of the season, all in-game achievements such as coins, PPH, keys, skins, and other rewards will be converted to HMSTR Tokens. This conversion is part of the Token's official launch plan and is intended to integrate player progress into the new Token ecosystem.
While the initial value of the Token is still unknown, listing on major exchanges such as Binance, Bitget, Bybit, and OKX could boost its visibility and trading activity.
Controversy and price predictions
While many have been looking forward to the launch of the HMSTR Token, the project has not been without controversy. The tap-to-earn model and frequent airdrop delays have frustrated some users. Critics fear that the Token may struggle to meet the high expectations of its massive player base.
Analysts have differing opinions on the value of the token. TradingFace, a prominent cryptocurrency analyst, believes that HMSTR could reach $0.19 shortly after launch, reflecting optimism about the game's large player base. Meanwhile, Knightron Crypto, another prominent analyst, gives a more conservative estimate of $0.04, given the speculative nature of new game tokens. However, experts warn that the cryptocurrency market is unpredictable, and these predictions may not be accurate once trading begins.