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The popular Hamster Kombat (HMSTR) coin recently launched has raised many complaints due to its unsatisfactory uptake. Several factors contributed to the flop:
It was all about the community: There were reasons why many players’ tempers were raised due to lost stake profits and other losses. Timing and communication of the airdrop was not proper and no one seemed to be sorry for it. The Hamster Kombat team had initially planned the airdrop in July only to shift it further, and upon users' complaints, it was set for late September.
Large Scalability: Out of the massive player population of over 300 million users of Hamster Kombat, eligible accounts for the airdrop accounted for only about 131 million (43%). This limit must have caused demoralization of a plurality of players, which resulted in displeasure.
Token price after listing: The moment the token became available for trade on major crypto exchanges, it began losing its value. It circulated in the first few hours at around $0.014 but took a nose dive to $0.0066 on the first day of circulation. This was even lower than the worst attributes of pre-list expectations. This fall, though reduced movement compared to expectations, raised fears about the token as well as investors.
Bad advertisements: The developers were attacked for putting too many ads instead of addressing community issues and game developmental aspects. This gap between the developers and the community has affected the game and led to calls for boycotts against it.
The popular Hamster Kombat (HMSTR) coin recently launched has raised many complaints due to its unsatisfactory uptake. Several factors contributed to the flop:
It was all about the community: There were reasons why many players’ tempers were raised due to lost stake profits and other losses. Timing and communication of the airdrop was not proper and no one seemed to be sorry for it. The Hamster Kombat team had initially planned the airdrop in July only to shift it further, and upon users' complaints, it was set for late September.
Large Scalability: Out of the massive player population of over 300 million users of Hamster Kombat, eligible accounts for the airdrop accounted for only about 131 million (43%). This limit must have caused demoralization of a plurality of players, which resulted in displeasure.
Token price after listing: The moment the token became available for trade on major crypto exchanges, it began losing its value. It circulated in the first few hours at around $0.014 but took a nose dive to $0.0066 on the first day of circulation. This was even lower than the worst attributes of pre-list expectations. This fall, though reduced movement compared to expectations, raised fears about the token as well as investors.
Bad advertisements: The developers were attacked for putting too many ads instead of addressing community issues and game developmental aspects. This gap between the developers and the community has affected the game and led to calls for boycotts against it.
BLUM VS HAMSTER!
If Blum is supported by Binance, that significantly boosts its potential. Binance's backing often lends credibility and trust to projects, given its status as one of the largest and most reputable cryptocurrency exchanges. Binance's support usually means the project could have:
Increased Visibility: Blum would likely gain more exposure, attracting a larger user base and liquidity.
Better Security and Compliance: Binance typically vets the projects it supports, which adds an extra layer of confi
Increased Visibility: Blum would likely gain more exposure, attracting a larger user base and liquidity.
Better Security and Compliance: Binance typically vets the projects it supports, which adds an extra layer of confi
Telegram airdrops asking for transaction
airdrops that require authorization or any kind of transaction from participants are a big cause of concern. True, there may be some airdrops where the users are requested to pay a nominal fee as a network charge (more so due to the presence of high gas fees on the Ethereum blockchain), but generally speaking such fees should be virtually non-existent in airdrops. Real projects typically operate with the purpose of selling their ecosystem by distributing fungible or non-fungible tokens rather th
Will $BTC Ever flop?
Even if $BTC has become one of the most powerful and embraced cryptocurrencies, there are circumstances that may lead to it “flopping” and hence suffering in value and relevance. These include:
Restrictive Government Policies: Governments could restrict the use of the cryptocurrency by enacting laws against its use or enacting harsh controls on its use.
Technological inventions: New developments in technology, for example quantum computers, may present weaknesses in the bitcoin network or may render the network irrelevant, that is, obsolete.
Obsolescence: New more efficient cryptocurrencies or other financial technologies may render bitcoin less useful or scalable.
Sustainability Issues: As environmental concerns rise, the over-reliant power consuming production system for Bitcoin ’ mining may not prove viable.
Dispute with trust: If potential users and investors fail to believe in $BTC as a means or store of value, demand and more so value would go down drastically.
#BTC☀ #bitcoin #flop #BinanceLaunchpoolHMSTR #moonbix
Even if $BTC has become one of the most powerful and embraced cryptocurrencies, there are circumstances that may lead to it “flopping” and hence suffering in value and relevance. These include:
Restrictive Government Policies: Governments could restrict the use of the cryptocurrency by enacting laws against its use or enacting harsh controls on its use.
Technological inventions: New developments in technology, for example quantum computers, may present weaknesses in the bitcoin network or may render the network irrelevant, that is, obsolete.
Obsolescence: New more efficient cryptocurrencies or other financial technologies may render bitcoin less useful or scalable.
Sustainability Issues: As environmental concerns rise, the over-reliant power consuming production system for Bitcoin ’ mining may not prove viable.
Dispute with trust: If potential users and investors fail to believe in $BTC as a means or store of value, demand and more so value would go down drastically.
#BTC☀ #bitcoin #flop #BinanceLaunchpoolHMSTR #moonbix