By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
KriptotekaKriptoteka
  • Home
  • News
    • Web3
    • Crypto News
    • Market Analysis
  • Market
    • AI
    • Altcoins
    • Bitcoin
    • Blockchain
    • CEX
    • Defi
    • DePIN
    • DEX
    • ETFs
    • Ethereum
    • Gaming
    • ICO/IDO
    • Institutions
    • L1&L2
    • Meme
    • NFT tech
    • RWA
    • Stable coins
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
Reading: HMSTR Token Plummets 20%: Hamster Kombat’s Next Move?
Share
Notification Show More
Font ResizerAa
Font ResizerAa
KriptotekaKriptoteka
  • Home
  • News
  • Market
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
  • Home
  • News
    • Web3
    • Crypto News
    • Market Analysis
  • Market
    • AI
    • Altcoins
    • Bitcoin
    • Blockchain
    • CEX
    • Defi
    • DePIN
    • DEX
    • ETFs
    • Ethereum
    • Gaming
    • ICO/IDO
    • Institutions
    • L1&L2
    • Meme
    • NFT tech
    • RWA
    • Stable coins
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Kriptoteka > Market > Gaming > HMSTR Token Plummets 20%: Hamster Kombat’s Next Move?
Gaming

HMSTR Token Plummets 20%: Hamster Kombat’s Next Move?

marcel.mihalic@gmail.com
Last updated: September 26, 2024 1:04 pm
By marcel.mihalic@gmail.com 3 Min Read
Share
SHARE

The listing of Hamster Kombat’s HMSTR token has experienced a significant decline of 20%, igniting conversations among airdrop recipients.

After starting at a price of $0.014, the token has fallen to around $0.011.

Hamster Kombat Distributes HMSTR Token

Launching on The Open Network (TON) blockchain, Hamster Kombat is a prominent tap-to-earn game that distributed 60 billion tokens to 131 million eligible players in its inaugural season.

The TON blockchain, which has strong ties with Telegram, has successfully handled high traffic since the token’s debut. Since its launch in March, the game has garnered over 300 million users.

Trading started at 12:00 UTC on Thursday, with listings on major exchanges such as Binance, OKX, Bitfinex, and Bitget. In conjunction with the trading, the platform activated on-chain token claims, allowing for immediate withdrawals.

Read more: 7 Best Exchanges To Buy and Sell Hamster Kombat (HMSTR) in 2024

Hamster Kombat (HMSTR) Price Performance.
Hamster Kombat (HMSTR) Price Performance. Source: Binance

This token launch marks a critical milestone for Hamster Kombat and presents a significant challenge for the TON blockchain, which faced outages during the DOGS airdrop in August. Developers had previously alerted about the heightened activity expected from Hamster Kombat’s large user community.

“We would like to inform you that from the 26th of September at 10:00 UTC, we anticipate an increased load on the TON blockchain. The Hamster Kombat game project, with over 100 million monthly active users, will be minting coins on the blockchain. This represents a unique and unprecedented event of this scale in the blockchain industry,” the TON team announced.

Additionally, Hamster Kombat revealed its strategic roadmap on Wednesday. This plan outlines the creation of a Web3 gaming platform that will integrate external payment systems and introduce new gaming experiences.

The roadmap also includes the implementation of non-fungible tokens (NFTs) as in-game assets. Moreover, it features the establishment of a dedicated advertising network to support the games. Revenue generated from this network will be utilized for token buybacks and reward distributions.

Notably, only 43% of the game’s total user base received tokens in this airdrop. Furthermore, 11.25% of the first season’s tokens are locked for a duration of 10 months. This distribution strategy and the lock-up period are designed to stabilize the token’s price and promote sustained value for holders.

Disclaimer

In compliance with the Trust Project guidelines, BeInCrypto is dedicated to providing unbiased and transparent reporting. This news article aims to supply accurate and timely information. However, readers are encouraged to independently verify facts and consult with a professional before making any decisions based on this content. Please be aware that our Terms and Conditions, Privacy Policy, and Disclaimers have been revised.

You Might Also Like

Stripe Acquires Bridge for $1.1B, Bluesky Secures $15M Funding

Africa Crypto Week: Binance Exec Freed, Kenya’s Tax Plans, Ethiopia Leads

Top 10 Selling ApeChain NFTs This Week: A Fun Revolution!

3 Altcoins Poised for Massive Growth: Sui, Polkadot, Intel

“Is It Too Late to Buy BEAM? Price Soars 13% in a Week!”[embed]https://www.youtube.com/watch?v=dgqdweQeJVI[/embed]

Share This Article
Facebook Twitter Email Print
Previous Article BABYDOGE Rallies 120% in 10 Days: Gains Ahead or Correction?
Next Article BITmarkets’ Year-End Update on 2024 Crypto Game-Changers
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
- Advertisement -
Ad image

Latest News

4 Cryptos to Challenge Solana: Potential Growth for Investors
Defi
Bitcoin ETF Inflows Exceed $3B, Demand Reaches 6-Month Peak
ETFs
Japan’s Push for Bitcoin and Ethereum ETFs Gains Momentum
Institutions
Ripple Appeals Court Ruling on XRP’s Institutional Sales
Meme
//

We influence millions of users and is the number one Crypto and Web3 news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
nl Dutchen Englishfr Frenchde Germanel Greekit Italianpt Portugueseru Russianes Spanish
en en
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?