The airdrop of the Hamster Combat token HMSTR was met with widespread criticism from the user community and ended in great disappointment for many participants and investors, as the token’s value fell by more than 50% after its launch on major cryptocurrency exchanges. While many are wondering what led to this failure, the question remains as to whether the token will recover in the future.

1. Unfair distribution and lack of transparency

There was widespread sentiment among the community that the distribution of HMSTR tokens was unfair, with many participants being disqualified at the last minute under the pretext of fighting fraud, while influencers received a large share of the tokens. This disparity created mistrust and raised questions about the integrity of the project, causing increased feelings of anxiety and uncertainty (FUD) among users. According to reports, tens of thousands of participants were disqualified at the last minute, while influencers received a large share of the total 300 million tokens distributed, while regular users received a small portion.

2. Frequent postponements and sudden changes in rules

The HMSTR airdrop has been repeatedly delayed, originally scheduled for July 2024, but 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 decision left many participants upset and feeling unfairly treated. This led to a large percentage of them dropping out, which contributed to a decrease in demand for the token when it was released for circulation.

3. Sharp decline in HMSTR value after distribution

When HMSTR was launched, its initial price was $0.01, but it quickly dropped to $0.0019 during the first few days of its listing. This drop is attributed to massive selling by participants looking to make quick profits. Some reports have suggested that influencers, who received a large share of the coins, were the reason behind the rapid decline, as they sold large quantities immediately after the coin was listed, increasing the supply and causing the price to drop.

4. Technical issues affecting trading

Many users faced technical issues related to the Telegram wallets used to store the coins, as the blockchain network on which the project relies was down, preventing users from accessing or selling their coins in a timely manner. These technical issues negatively affected the ability to trade the coin and prompted many to sell it at low prices for fear of losing access to it in the future. In addition, the small amounts that most users obtained were not enough to trade on some platforms such as Binance, which was an additional obstacle for investors.

Can Season 2 Save HMSTR?

Despite these challenges, the Hamster Combat team is working on launching the second season of the game, which could be an opportunity to regain user confidence and attract them back to the project. The new season is expected to start in December 2024, and will include improvements to the player experience, such as new game modes and an improved rewards system. The second season will also include a fairer and more transparent coin distribution mechanism.

The team hopes that these updates will increase engagement with the game and increase demand for the coin, which could help its value recover. If the team succeeds in regaining user confidence and implementing a fair distribution process, the coin could see a revival in the future.

conclusion

The failure of the HMSTR airdrop was due to a combination of factors such as unfair distribution, repeated delays, technical issues, and a loss of trust in the project. While the team is working to improve the situation through Season 2, the biggest challenge remains to regain user trust and ensure the future success of the coin.