Removal of Hamster Kombat Token from Coinstore: A Simple Overview

What is Hamster Kombat?

Hamster Kombat is an entertaining game available on Telegram, attracting over 300 million players! Launched in March 2024, players take on the role of a manager of a mock cryptocurrency exchange, tapping to accumulate points and rewards.

In September 2024, the game introduced its own unique currency called HMSTR (Hamster Token). This token could be utilized within the game or traded on major platforms like Binance, OKX, KuCoin, and Coinstore.

What Can You Do with the Hamster Token?

The HMSTR token empowers players to buy various items and participate in exclusive events within the game.

Upon its release, the game distributed 60 billion tokens (accounting for 60% of the total supply) to over 131 million players. Unfortunately, the token’s value plummeted by 43% in just 24 hours.

Reasons for the Token’s Popularity

A Massive Player Base: The game enjoys a vast community, leading to significant token use.

Advanced Technology: It operates on the TON blockchain, which ensures speed and security.

More Tokens on the Way: The developers announced that additional tokens would be distributed in a future phase referred to as “Season 2.”

Reasons for Coinstore’s Decision to Remove the Token

Coinstore opted to remove the token due to several issues:

Significant Price Fluctuations: The token experienced extreme volatility, plummeting by 79% from its peak to its lowest price!

Discontent Among Players: Many users were frustrated with how the free tokens were distributed, resulting in a perception of unfairness, as influencers received more than regular players.

Technical Glitches: The game had several issues, with players facing difficulties in trading or utilizing their tokens due to slow or malfunctioning systems.

Conclusion

Hamster Kombat gained popularity rapidly, yet successfully launching a token is challenging. For games and applications to sustain their success, they must prioritize fairness, robust technology, and attentive user feedback.