Hamster Kombat’s $HMSTR token hit $1.2 billion in buying and selling quantity however noticed a pointy drop in worth, resulting in person complaints about airdrop allocations.
Though it exceeded a billion in buying and selling on its first day, the token’s worth dropped by 18%, with many gamers annoyed by the small rewards they obtained.
Some proceed to unfollow the sport or report Hamster Kombat accounts on social media.
What’s the importance: The Hamster Kombat token launch highlights web3 gaming’s capability to generate large buying and selling volumes and person engagement, whereas additionally revealing the problem of retaining gamers happy with token rewards. (Learn extra: Listing of Free Telegram Video games with Potential Airdrop – Faucet To Earn Video games)
Key particulars:Â
On September twenty sixth, common Telegram sport Hamster Kombat launched its token $HMSTR on TON, distributing 60 billion tokens by an airdrop.Â
Nevertheless, some customers, after months of gameplay, criticized the token distribution as “mud“—small, insignificant quantities.Â
Regardless of this, the token recorded over $1.2 billion in buying and selling quantity inside 24 hours, putting it among the many most actively traded cryptocurrencies like Binance Coin (BNB) and Dogecoin (DOGE).
The numbers:Â
Out of 300 million gamers, 131 million certified for the airdrop, whereas 2.3 million had been disqualified for dishonest.
Over 108,000 wallets maintain HMSTR, and 30 million customers started buying and selling the token instantly after the airdrop.
As of writing, CoinGecko knowledge reveals that $HMSTR is at present valued at $0.006716 and it went down by 4.4% within the final 24 hours.
Between the traces: The combined reactions to the airdrop reveal the balancing act web3 sport builders face between incentivizing gamers and sustaining long-term engagement.
Whereas massive buying and selling volumes present sturdy curiosity, small token payouts may result in participant burnout or frustration in the event that they really feel their time funding isn’t adequately rewarded.
What’s subsequent: Hamster Kombat’s roadmap features a second season, growth past Telegram, and one other airdrop subsequent summer season.
Price studying: Beforehand, after one other large Telegram sport, Catizen, revealed $CATI airdrop rewards, gamers additionally expressed disappointment over allegedly unfair allocations, with some high-level gamers receiving fewer tokens than lower-level or newer gamers, sparking calls for for transparency.
This text is printed on BitPinas: Paldon’t! HMSTR Hits $1.2B Buying and selling, Value Drops Amid Reward Complaints
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