The airdrop of Hamster Combat’s HMSTR token was met with heavy criticism from the community and ended in disappointment for many participants and investors. With the token’s value dropping by more than 50% after its launch on major crypto exchanges, many are wondering what caused the failure and whether there is any hope for a recovery in the future.
1. Unfair distribution and lack of transparency
The HMSTR token distribution process was clearly unfair, with many participants being excluded at the last minute from the distribution, under the pretext of combating fraud. A large portion of the tokens were allocated to influencers, which greatly angered the community. These actions caused users to lose trust and raised doubts about the integrity of the project. This created a feeling of anxiety and doubt (FUD), which negatively affected the value of the token and the speed at which it was sold after the distribution.
According to published data, the number of excluded participants before the airdrop was estimated at tens of thousands. While a large percentage of the coins were allocated to influencers. The total number of coins distributed was about 300 million coins. Influencers received a large share of it, while ordinary players received only a small part.
2. Frequent postponements and sudden changes in rules
The HMSTR airdrop has been repeatedly postponed, with the token distribution originally planned for July 2024. However, it was pushed back to September due to technical issues. Shortly before the event, the team announced that participants would only receive 88.75% of the tokens allocated to them, while the rest would remain frozen until July 2025. This sudden announcement caused increased frustration among participants.
It is important to note that this type of sudden changes reduces the level of trust in the project. Many users felt that they were wronged as a result of these unexpected decisions. Statistics show that a large percentage of participants decided to withdraw after the announcement of these changes. This contributed to a decrease in demand for the currency upon its listing.
3. HMSTR coin value drops sharply after distribution
When HMSTR was first launched, its price was around $0.01, but it quickly dropped to just $0.0019 during the first days of its listing on exchanges. This sharp drop was due to massive sell-offs by users after the distribution, many of whom were looking to make quick profits.
According to trading data, the coin lost more than 50% of its value in less than a week, making it one of the worst performing coins in that period. Some participants pointed out that the influencers who acquired a large portion of the coins were the main reason behind this decline. They sold large quantities immediately after the coin was listed, which increased the supply and caused the price to drop.
4. Technical problems and their impact on the sales process
Users also faced technical issues with Telegram wallets used to store and trade coins. The blockchain on which the project relies experienced a number of glitches, preventing users from accessing or selling their coins in a timely manner. These technical issues further complicated the trading process. They also prompted many to sell their coins at low prices for fear of losing access to them in the future.
The small value that most users received also made it difficult for them to sell the coin on some platforms like Binance, which requires a minimum transaction of $5. These technical and administrative obstacles made many decide not to continue investing in HMSTR.
Can Season 2 Save HMSTR?
Despite the many challenges facing HMSTR, the Hamster Combat team is planning to launch the second season of the game. This could be an opportunity to restore confidence and re-engage users in the project. The team hopes that the second season will help boost community engagement and increase demand for the coin, which could lead to its value rising again.
Season 2 is expected to launch in December 2024, and will introduce a number of new features aimed at improving player experience and increasing in-game engagement. New game modes and updates to the rewards system will be launched, making the game more engaging and encouraging more users to participate.
The coin distribution mechanism will also be improved to ensure a more fair and transparent distribution, through which the team seeks to restore community trust.
Additionally, a new seasonal rewards system will be introduced that will allow players to earn additional rewards based on their achievements in the game. This will encourage players to continue and engage more deeply.
We will also collaborate with a number of influencers to ensure that the game is presented appropriately, but with the guarantee that previous mistakes in the distribution process are not repeated.
It is estimated that if Season 2 succeeds in re-engaging players and increasing activity in the game, the coin is likely to see a price recovery and increased demand. This will require a lot of effort from the team to rebuild trust and ensure fair and transparent distribution of coins in the future.
conclusion
The failure of the HMSTR airdrop was due to multiple factors including unfair distribution, repeated postponements, technical issues, and a loss of trust from the community. The future is still unclear, but the team is working to improve the situation by preparing for Season 2. If they can regain trust and attract more users, there may be hope for the coin to recover and achieve success in the future.
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