The launch of the HMSTR project should have been a highly anticipated event, but the actual performance was quite different.
The Hamster Kombat (HMSTR) token officially debuted on Binance today at 12:00 PM UTC and 5:30 PM IST!
This Telegram-based crypto game allows users to mine Hamster coins by staking Binance Coin (BNB) and FDUSD, unlocking unlimited potential.
Not only that, HMSTR will also be traded on multiple platforms including Bybit, Bitget, Gate.io and KuCoin.
Users can redeem HMSTR for Bitcoin (BTC), Tether (USDT), and other tokens with zero fees within one hour of Binance spot listing!
The maximum supply of the token is 100 billion, of which 75% is used for airdrops to reward community members and early players. Currently, only 60% has been distributed, and the remaining 15% will be released in the future. In addition, Binance New Coin Pool will distribute 3 billion HMSTR airdrops.
However, the game developer recently revealed that only 131 million of the 300 million players are eligible for airdrops, which means that up to 65% of the 300 billion token airdrops will be rejected and 2.3 million player accounts will be banned for cheating.
On the other hand, Bybit provides users with an early opportunity to trade in pre-launch, with HMSTR tokens trading at $0.01023 per token during the pre-launch period starting July 8, 2024, allowing participants to get in on the action before the value rises! It’s all very exciting!
Is it an innovative mechanism or a marketing gimmick?
At the opening, the price experienced a sharp drop, as if the market was merciless to this new member.
The "hamsters" who were once active on the Internet seemed to have lost their voice collectively after the project was launched, and were no longer as enthusiastic as before.
This scenario can't help but remind people of many similar projects in the past, such as DOGS, CATI, etc., which also quickly encountered market coldness after going online and their prices continued to decline.
For those who entered the market decisively at the beginning of the opening, the plunge of HMSTR was undoubtedly a heavy blow.
Many of them may have had high hopes for HMSTR, believing that it would be the next star project to disrupt the market.
However, reality taught them a resounding lesson.
Now, these people can only stand helplessly on the "top of the mountain", watching their assets shrink continuously, with mixed feelings in their hearts.
The plunge in HMSTR also drew further attention to the TON chain
As one of the underlying chains of projects such as HMSTR, the TON chain has been controversial in recent years.
On the one hand, it has strong technical strength and community support
On the other hand, its frequent "cutting leeks" behavior also makes many people stay away
The market has different views on the future of the TON chain, but in any case, we should remain highly vigilant when participating in related projects.
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