There are several reasons for the failure of the project's airdrop
Many were outraged by unfair payments
Players are having problems selling coins.
On September 26, 2024, trading in the HMSTR token from the popular Telegram project Hamster Kombat started on a number of major exchanges. Against the backdrop of the event, crypto community members had many complaints about its team
We tell you what's wrong with the HMSTR airdrop and why many players consider it the most disastrous in the history of the crypto community.
What's wrong with the Hamster Kombat (HMSTR) airdrop
Crypto community members have identified several reasons why they are extremely unhappy with the HMSTR airdrop. Here are just a few of them.
1. Unfair distribution of rewards
Ahead of the airdrop, many players were disqualified. Those who relied on pumping up the accumulation of points per hour (PPH) were unexpectedly banned. Before the snapshot, the developers set a new rule with the "anti-cheat" system, due to which key collectors were disqualified. According to the victims, the project team took this step in order to distribute as many coins as possible among influencers.
More details about the token disqualification scandal were provided in a separate review.
2. Postponement of dates and change of rules
Initially, the developers planned to hold the airdrop in July 2024, but due to the project's unpreparedness for the token distribution, the event was postponed. Many players were upset by this decision of the project team.
At the end of August it became known that the event would take place in September. This time the developers kept their promise, but the trust of some users had already been lost.
Ahead of the airdrop, the project team announced that players would receive only 88.75% of the HMSTR tokens earned, with the remaining 11.25% due in July 2025. Due to yet another rule change, a movement to boycott the project has emerged in the crypto community.
3. Low starting price for trading HMSTR token
Concerns that the price of HMSTR tokens at the start would be $0.01 were justified. Immediately after the start of trading, the token rate began to fall. As of the time of writing the review, HMSTR is trading at $0.00677, which is 30% lower than the starting price
4. Problems with selling HMSTR
The reward for many project participants for tapping the hamster was only a couple of dollars. Players complain about unreasonably low payouts. Many tapped the hamster for months, and in the end received only a few dollars.
Those who have encountered low payouts cannot sell tokens. The fact is that many exchanges have restrictions on opening orders. For example, Binance allows transactions only from $5. Therefore, players whose reward was less cannot sell their HMSTR.
5. Telegram wallet outages
Against the backdrop of the launch of Hamster Kombat trading, the TON team reported a network overload, which caused failures in the Telegram crypto wallet. Recall that TON is a crypto project that was built on the basis of abandoned developments of the messenger. It is responsible for the operation of the Telegram crypto wallet, which also featured the HMSTR coin. Due to the wallet overload, many players were unable to access tokens.
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