The highly anticipated token of the world’s most popular Telegram-based clicker game, Hamster Kombat (HMSTR), officially launched on Thursday, listing at $0.009 on major cryptocurrency exchanges like Binance, Bybit, and OKX.
Despite the initial buzz, the token’s price dipped shortly after, falling to $0.008522 within two hours of its debut. This kind of volatility is common in the early stages of price discovery, as the market works to establish stable liquidity.
Future Plans for Token Burns
In response to the price fluctuation, Hamster Kombat’s developers have announced plans to introduce token burns in the near future. By permanently removing a portion of tokens from circulation, they aim to create scarcity, which could drive the token’s value higher as the remaining supply diminishes.
The token operates on the TON blockchain and has a total supply of 100 billion tokens, with 60% allocated to its users. A recent airdrop distributed tokens to 131 million eligible players, representing 43% of the total user base. However, the distribution process has sparked controversy.
Airdrop Controversy
While many players eagerly anticipated the airdrop, the distribution strategy has been criticized for allegedly failing to accurately identify and ban cheaters. Approximately 2.3 million players were barred from receiving tokens, but some argue that the system wrongfully included innocent users in the ban, alongside actual cheaters.
What’s Next for Hamster Kombat?
Before the token’s listing, Hamster Kombat developers teased the upcoming launch of Season 2, which promises new in-game features and potentially more token distributions. The next season aims to increase user engagement, particularly after the chaotic airdrop experience.
While the token’s listing has generated excitement among players, reactions have been mixed. Some view it as an opportunity to expand the game’s ecosystem, while others are disappointed by the initial listing price, which fell short of their expectations. Comparisons to other popular projects with similar tokenomics have also surfaced, raising concerns about the future of HMSTR.
