Analysts have begun trying to explain the poor performance of HMSTR, the official in-game token of Hamster Kombat, since the token creation event and subsequent airdrop. Neomarkets chief analyst Oleg Kalmanovich assessed that one of the main problems for the projects included the dilution of HMSTR, calling its airdrop a Ponzi scheme over time.

Hamster Kombat under fire for alleged Ponzi scheme, could face lawsuits

Hamster Kombat, one of the most successful games distributed via Telegram, is facing criticism from some analysts who have called the project's token a Ponzi scheme. The claims come after the token dropped 42% from its initial listing price of $0.01 on the market.

Oleg Kalmanovich, chief analyst at Neomarkets, said one of the biggest problems with the HMSTR token generation event and subsequent airdrop was the dilution of the token value due to the large number of participants.

Speaking to Russian media, Kalmanovich explained:

There are 300 million Hamster Kombat players and 130 million players who have achieved drops – that’s a huge number. Each of them can’t get millions.

Furthermore, Kalmanovich claims that this is just like any classic pyramid, but instead of money, the only thing that players can lose is time. Kalmanovich's idea echoes the opinion of many users who complained about their token distribution, calling it one of the worst airdrops in the world.

HMSTR's behavior was predicted by Sergey Ramaninov, another financial analyst. He assessed that "within 24 hours of its launch, the token price is likely to fall - a large number of users will sell the digital assets they received for free".

As a result of this perfect storm, the introduction of an anti-cheat strategy just days before the airdrop, and the meager HMSTR bounties collected by some players, Russian media reports say some players have considered suing the game developers. However, Russian experts believe that all of the game's agreements need to be reviewed to clarify whether Hamster Token violated its obligations or misled players.

What do you think about HMSTR's performance and possible legal action against the project in Russia? Let us know in the comments below.
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