Hamster Kombat, a popular game on Telegram that allows users to earn by tapping, recently launched its HMSTR token on several prominent exchanges.
However, the much-anticipated airdrop has left many players feeling let down, with some dubbing it one of the worst in cryptocurrency history.
Players were disqualified unexpectedly before the airdrop, particularly those who had been working hard to improve their points per hour (PPH) to earn tokens. The introduction of a new anti-cheat system caught many off guard and seemed to favor influencers, who received a larger share of tokens, sparking significant backlash. Although the airdrop was initially scheduled for July 2024, it faced delays due to technical issues, which further frustrated the community. When it finally occurred in September, participants learned that only 88.75% of their tokens would be distributed initially, with the remaining 11.25% held until July 2025, leading to calls for a boycott.
Adding to the disappointment, the HMSTR token launched at $0.01 but quickly fell over 30%, disappointing investors who had higher expectations. Many expressed their dissatisfaction on social media, criticizing the influencers who had previously raised hopes of a much higher value. As of now, HMSTR is trading at around $0.0057, nearly 40% below its initial price.
Players also reported low payouts for their efforts in the game, often receiving only a few dollars worth of tokens despite significant time investment. Some critics noted that the team appeared more focused on generating revenue from content rather than delivering a quality product. Furthermore, selling the tokens posed challenges due to minimum transaction requirements on exchanges, leaving those with small balances unable to cash out.
Technical difficulties with the Telegram wallet, which operates on the TON blockchain, compounded the issues. Many users struggled to access or trade their tokens due to network congestion, adding to the overall dissatisfaction surrounding the airdrop.
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