Is HMSTR Token The Next Big Crypto Gem or a Risky Gamble?
Do you want to know if HMSTR Token is worth your investment? If so, you’re in the right place. In this in-depth analysis of HMSTR, I’ll walk you through the token's investment potential. We’ll look at HMSTR’s origin, tokenomics, token usage, the project’s future, positive and negative factors.?
Brief Overview of Hmstr
Hamster Kombat is a Telegram (TG) tap-to-earn game operating on the TON blockchain. It gained attention after Notcoin successfully listed its token $NOT and distributed tokens worth approximately $1 billion to participants on May 16, 2024.?
Hamster Kombat attracted over 300 million players worldwide, and 131 million of them were eligible for airdrop. Its token (HMSTR) was officially listed on top-tier exchanges, such as Binance, Bybit, Okx, and Bitget on September 26. The listing took place at 2:30 p.m. UTC.
$Hmstr Tokenomics
The total HMSTR tokens supply is 100 billion. Here’s the total breakdown of the $HMSTR tokenomics:
$Hmstr Token Usage
On its updated roadmap, the Hamster Kombat team stated that the $HMSTR token will go beyond the Telegram tap-to-earn game, powering several products in the Hamster ecosystem. However, as of the time of listing, there are no known specific use cases for the $HMSTR token.
This lack of clarity about the token's utility could be one of the many reasons for the drastic price drop. The $HMSTR token dropped almost 50% from its peak price in the future market after it started trading at a peak of $0.015000.
Investors are often more willing to invest in tokens that have clear and tangible use cases. Without a clear understanding of how the $HMSTR token will be used, investors may be hesitant to hold onto it, which could lead to further price declines.
Project Future
On September 25, the team behind the $HMSTR token revealed a new roadmap detailing their plans for the last quarter of 2024 and 2025.
One of the key initiatives outlined in the roadmap is the integration of external payment systems. This will make it easier for players to deposit and withdraw funds from the Hamster ecosystem. Additionally, the team plans to release new games within the ecosystem, expanding the range of play-to-earn opportunities available to players.
Another important development is the planned integration of non-fungible tokens (NFTs) as in-game assets. NFTs can be used to represent unique items and collectibles within the games, adding a new layer of value and ownership for players.
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In addition to these initiatives, the Hamster Kombat team also plans to launch a dedicated advertising network that will be used by games in its ecosystem. This network is expected to launch in December 2024 and will generate revenue for the team.
The team has stated that they will use a portion of the ad revenue to buy back $HMSTR tokens from the market and redistribute them as rewards to players. This token buyback and redistribution program can help to increase the value of the $HMSTR token and incentivize players to hold onto their tokens.
Overall, the roadmap outlined by the Hamster Kombat team is ambitious and promising. If the team is able to successfully execute on these plans, it could significantly increase the value and utility of the $HMSTR token.
HMSTR Token Positive Factors
Hamster Kombat has a lot of attractive factors that make it a promising crypto project. Its large user base is one of the core factors. A strong community is often a key factor in the success of a cryptocurrency project, and Hamster Kombat has a large and engaged community.
Besides having the numbers, Hamster Kombat has also built good revenue sources even before its listing. This includes its YouTube channel with 37.5 million subscribers, X account with 14.1 million followers, and several games that generate ad revenues.
The team behind the Hamster token has also demonstrated a high level of expertise by being able to onboard over 300 million players worldwide. Plus, the Hamster Kombat airdrop was one of the largest in cryptocurrency history, with 131 million people getting their paws on Hamster Tokon on TON.
HMSTR Token Negative Factors
The major challenge facing the project is Non-Community Satisfaction. The community felt played by the Hamster Kombat team. The backlash started on September 21 after Hamster Kombat distributed its token to eligible players for the airdrop. Nearly 99% of the players were dissatisfied with the token distribution model.
Players worked hard to increase their profit per hour (PPH), as the Hamster team had stated this was the most important factor for the airdrop. However, most of the players felt betrayed when the team shifted their emphasis to "referrals and key collections" instead. After analyzing several peoples’ achievements and allocations, here’s what the Hamster Kombat airdrop calculations looked like:
Allocation per achievements:
Besides the allocation issues, the implementation of vesting without prior notice was another controversial move. Players received 88.75% of their total allocation on the listing day, with the remaining 11.25 locked for over ten months. The unsatisfactory feelings from the players might have led to a big sell-off, thereby affecting the current price of the Kombat token.
However, that isn’t the end of the road for the project. They just need to realize that they need their community to thrive and find a way to connect with them again.
In general, HMSTR has the potential for future pumps owing to its large user base and ambitious roadmap. However, that can only happen if the team behind the token is able to implement the roadmap efficiently and give investors a good reason to invest in the token. So, as an investor do your own research and assess your risk tolerance before investing in the token.