On September 26, 2024, trading in the HMSTR token from the popular Telegram project Hamster Kombat started on a number of large exchanges. Against the backdrop of the event, members of the crypto community had many complaints against his team.
We’ll tell you what’s wrong with the HMSTR airdrop and why many players consider it the most disastrous in the history of the crypto community.
What’s wrong with the Hamster Kombat (HMSTR) airdrop
Members of the crypto community have identified several reasons why they are extremely unhappy with the HMSTR airdrop. Here are just a few of them.
1. Unfair distribution of rewards
In the run-up to the airdrop, many players were disqualified. Those who relied on pumping up the accumulation of points per hour (PPH) were unexpectedly banned. Before the snapshot, the developers established a new rule with the “anti-cheat” system, due to which key collectors were disqualified. According to the victimsthe project team took this step to distribute as many coins as possible among influencers.
2. Transfer of dates and change of rules
At first, the developers planned to hold an airdrop in July 2024, but due to the project’s unpreparedness for token distribution, the event was postponed. Many players were upset by this decision of the project team.
At the end of August it became known that the event would take place in September. This time the developers kept their promise, but the trust of some users had already been lost.
In anticipation of the airdrop, the project team announced that players will receive only 88.75% of the HMSTR tokens earned, the remaining 11.25% in July 2025. Due to another change in the rules, a movement to boycott the project appeared in the crypto community.
3. Low starting price for trading the HMSTR token
Concerns that the price of HMSTR tokens at the start would be $0.01 came true. Immediately after the start of trading, the token rate began to fall. At the time of writing, HMSTR is trading at $0.00677, which is 30% lower than the starting price.
4. Problems with selling HMSTR
The reward for many project participants for tapping the hamster was only a couple of dollars. Players complain about unreasonably low payouts. Many people treaded the hamster for months, and at the end they received only a few dollars.
Those who are faced with low payouts cannot sell tokens. The fact is that many exchanges have restrictions on opening orders. For example, Binance only allows transactions starting from $5. Therefore, players whose reward was lower cannot sell their HMSTR.
5. Interruptions in the operation of the Telegram wallet
Against the backdrop of the launch of Hamster Kombat trading, the TON team reported network overloadwhich caused disruptions in the operation of the Telegram crypto wallet. Let us remind you that TON is a crypto project that was built on the basis of abandoned messenger developments. It is he who is responsible for the operation of the Telegram crypto-wallet, in which the HMSTR coin also appeared. Due to wallet overload, many players were unable to access tokens.
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Source: Cryptocurrency
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