5 Reasons Behind the Failure of the Hamster Kombat (HMSTR) AirdropOn September 26, 2024, Hamster Kombat—a widely popular tap-to-earn game on Telegram—saw the eagerly awaited launch of its HMSTR token across prominent exchanges.
What many expected to be a landmark moment in the crypto world instead devolved into disappointment for a substantial segment of the community.
Some critics have even labelled this event as “one of the most disastrous airdrops in cryptocurrency history.” Here are five key factors that contributed to the airdrop's shortcomingsJust before the airdrop occurred, they announced that participants would receive only 88.75% of their tokens initially, with the remaining 11.25% held back until July 2025. This last-minute rule alteration incited a boycott movement among dissatisfied players.
3. Disappointing Initial Token Price
As the airdrop approached, concerns about the HMSTR token's launch value intensified, and these apprehensions proved well-founded when the token debuted at a mere $0.01.
The price swiftly began to decline, leading to disappointment among both long-term and short-term investors who had anticipated a more favourable outcome.
Many participants lamented, “Where are those YouTubers and influencers who painted an optimistic picture of a token worth $0.10 or $0.50?” The reality of the situation left many feeling disillusioned.#BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #NeiroOnBinance #BinanceLaunchpoolHMSTR