The post Where Did the Hamster Kombat (HMSTR) Airdrop Go Wrong? appeared on BitcoinEthereumNews.com.

Hamster Kombat, a famous tap-to-earn Telegram game had recently launched the trading of its HMSTR token on several major exchanges. While the event was highly anticipated, the airdrop had left many of the players with disappointment.  Many of them also called it one of the worst airdrops in the history of crypto. What exactly happened and why the most anticipated airdrop failed to meet the expectations? Lets find out. Unfair Reward Distribution, Sudden Rule Changes Prior to the airdrop, many participants were disqualified unexpectedly. Players who focused on boosting their points per hour (PPH) to accumulate the tokens were banned just before the occasion. Notably, the developers implemented a new ‘anti-cheat’ system, which caught many of them unprepared. The affected participants claimed that the move seemed to benefit influencers, with a significant amount of the tokens redirected to them instead of regular players, which caused major outrage.   Initially, the team had planned the airdrop for July 2024 which was delayed due to technical unpreparedness. This enraged many of them who were eagerly awaiting their rewards. In late August, the team announced that the airdrop was finally occurring in September. While the new deadline was met, they lost the trust of many community members.  What aggravated the situation even more was, the developers announced that the participants would only get 88.75% of their tokens. And the remaining 11.25% would not be distributed until July 2025. This unexpected rule change led to a growing boycott crusade within the community.  Fears Of Low Listing Price of HMSTR One of the primary concerns of the airdrop was the value of the HMSTR token at launch. The token debuted at $0.01 and immediately, the price began to decline. The sharp drop in the token over 30% disappointed both long-term and short-term investors who had better…

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Filed under: News - @ September 29, 2024 11:05 am