Binance has recently revealed its intention to include Hamster Kombat (HMSTR) as the 58th addition to its Launchpool. This announcement paves the way for trading to commence on September 26, 2024, at 12:00 UTC.
According to the Launchpool guidelines, participants can stake their BNB and FDUSD to obtain HMSTR airdrops over a seven-day interval. Airdrop farming is set to begin on September 19, 2024.
Is Binance Trying to Onboard Hamster Kombat Users?
Binance will designate HMSTR with a seed tag, labeling it as a volatile project. To trade tokens labeled with this tag, participants must complete quizzes every 90 days.
In conjunction with this announcement, Binance issued a warning.
“Any assertions of offering this token for sale prior to the specified timeline are likely to be misleading. It is essential to conduct thorough research to guarantee the safety of your funds,” Binance cautioned.
Read more: How to Play Hamster Kombat
Meanwhile, the announcement regarding Hamster Kombat’s launch on Binance sparked significant backlash, particularly on social media platforms such as X (Twitter). This reaction stems from various controversies surrounding Hamster Kombat, including its tap-to-earn model, frequent delays in airdrops, and internal disputes.
Critics contend that such projects risk failing to fulfill the high expectations of their extensive player base.
“Binance listing Hamster Kombat just leads me to believe that Binance isn’t special anymore,” crypto enthusiast Joshyy remarked.
Nevertheless, Binance’s decision to list HMSTR could be a strategic move aimed at engaging the vast user base of Hamster Kombat, which claims over 200 million players. A significant segment of these individuals are newcomers to the cryptocurrency world. By including HMSTR in its offerings, Binance is poised to attract a fresh influx of crypto enthusiasts.
Moreover, Binance is broadening its scope beyond individual tokens, focusing on the wider Telegram crypto ecosystem. This includes Binance Labs’ investment in Blum, a decentralized exchange (DEX) that operates as a mini-app on Telegram.
Telegram’s platform, with 950 million monthly active users, has become an ideal environment for developers to introduce mini-apps tailored to this extensive audience.
However, the supporting infrastructure, the TON blockchain, faces obstacles. It recently experienced two outages during last month’s DOGS token airdrop. Despite these challenges, the TON community remains optimistic about the future, particularly with upcoming token generation events (TGE) for Catizen and Hamster Kombat set for September.
Read more: Top 8 Hamster Kombat Alternatives in 2024
“Such levels of user engagement were previously unimaginable in Web3. In September, we expect even greater TGEs for Catizen and Hamster Kombat, which could welcome tens or even hundreds of millions of new users to the blockchain for the first time. The network will undoubtedly experience increased technical pressures and possible unforeseen challenges, but we are steadfast in our commitment to building and overcoming these obstacles as we progress towards mass adoption,” TON developers stated.
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