Hamster Kombat is an instant hit

Since its launch on the TON blockchain network in March this year, "Hamster Kombat" has quickly attracted more than 240 million users around the world. The gameplay of this game is simple: players need to adopt a virtual hamster and run a fictitious exchange. Each time they click on the hamster icon, they can earn a $HMSTR token, which can be used for mining or completing other game activities. for extra rewards.

The craze has attracted the attention of governments and law enforcement agencies around the world. Iranian officials even accused the United States of launching this "addictive" game to "distract its citizens," while Russian authorities called it a "Ponzi scheme" and warned citizens that they may be defrauded by scammers through the TON wallet. bully. However, in addition to the warnings issued by law enforcement agencies, there are other issues about the game and its creators that new users should be aware of. The game's creators remain anonymous, sparking conspiracy theories within the crypto community. In addition, the game has not released a white paper and lacks information about smart contracts, revenue models, game mechanics and security, which makes users doubt whether they can redeem their tokens.

Coin surges 10,000% in pre-market trading

The $HMSTR token of "Hamster Kombat" was listed on Bybit's pre-market trading platform on July 8. The price soared from 0.001 $USDT to 0.129 $USDT in just a few hours, and the highest bid once reached an astonishing 350 $USDT. (The pre-market trading price as of the time of writing is 0.24 $USDT). This phenomenon has aroused great interest and skepticism in the market.

Although Bybit announced that it will add the $HMSTR token to its pre-market trading platform and allow users to buy and sell before the official listing, it is still unclear when the token will be listed on Bybit’s spot trading platform. In addition, Bybit stated that the reward tokens held by players are currently only "points", and these points will be converted into regular token orders after the project announces the official exchange rate.

Image source: Bybit $HMSTR’s pre-market trading price on Bybit

Other cryptocurrency exchanges such as Binance, OKX, BingX, KuCoin, Huobi, Gate.io, MEXC, and Bitget have also joined in pre-market trading of HMSTR tokens. However, information on the total token supply and specific launch date remains vague. This opacity heightens users’ doubts about the token’s true value.

Potential risks of anonymous projects

There is no information online about the identity of the game's creators, as the team has remained anonymous, fueling conspiracy theories in the cryptocurrency community. The game maker has four official channels on Telegram, Meta, X and Youtube with a combined following of over 100 million. To promote the game, the creators also maintain 17 different YouTube accounts in different languages. However, little is known about the game’s origins, other than its launch on the TON blockchain network in March.

The makers of Hamster Kombat have yet to release a white paper for the game. Whenever a new project is launched on the DeFi mechanism, there is no information on smart contracts, revenue models, game mechanics, and security that are usually mentioned in the white paper. Because the game is so obscure, many users find it hard to believe that they will one day be able to cash out their tokens.

Image source: Hamster Kombat The current white paper on the official website of "Hamster Kombat" still shows the status of "Coming Soon"

In addition, there are endless scams targeting the anonymity of Hamster Kombat's creators. A Russian cybersecurity company, F.A.C.C.T., recently reported that hackers stole funds from TON wallets by tricking players into logging into a link to the fake Hamster Kombat bot. Likewise, scammers also tricked users by promising fake $HMSTR token airdrops.

The emergence of these scams has made many users doubt the future of "Hamster Kombat". While Bybit’s pre-market trading announcement is a positive sign for users, there is still uncertainty regarding the actual monetary value of the tokens held by users. Although players expect that once the token is officially listed, it may quickly appreciate in value due to its strong community support and excellent performance in pre-market trading. However, the market remains divided on the phenomenon.

Is it really true? Or is it just hype?

The success of "Hamster Kombat" has attracted widespread market attention, but it has also brought many risks and challenges. Users should take appropriate security measures to guard against fraudulent activities by scammers. The future of Hamster Kombat is still uncertain, and whether or not it ultimately lives up to user expectations, the game has certainly taken the cryptocurrency market by storm. With the official launch of the $HMSTR token imminent, we will have to wait and see if it can truly realize its potential or become nothing more than a hype.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.