Are we about to see the tip of Telegram’s broadly in style crypto-based clicker sport, Hamster Kombat? As soon as a well-loved and viral sport on Telegram, Hamster Kombat is at the moment bleeding customers with its token, HMSTR, sliding by as a lot as 76%.
In line with a number of blockchain monitoring websites, the Telegram-based sport is affected by a large drop in consumer engagement, with energetic accounts dropping from as excessive as 300 million in August 2024 to only 41 million. The undertaking’s token, $HMSTR, is at the moment buying and selling at $0.0025, a large drop from its excessive of $0.009993 final September twenty sixth, reflecting a 76% loss.
A large 86% drop within the consumer base and a 76% drop within the native token’s worth places Hamster Kombat in a precarious place transferring ahead. With the builders planning a “Season 2 Airdrop” by March 2025, many market analysts and observers are dropping confidence within the undertaking.
.@hamster_kombat loses practically 260 million gamers in simply three months
Hamster Kombat, the tap-to-earn Telegram sport that boasted a large 300-million-strong consumer base again in August, has reportedly shed 259 million gamers.
The sport’s energetic month-to-month participant depend at the moment… pic.twitter.com/vVfwhbI4E6
— ICO Drops (@ICODrops) November 4, 2024
Hamster Kombat – A Promising Sport That Peaked With 300 Million Customers
Hamster Kombat was a direct stumble on its launch. In line with its builders, they goal to alter blockchain gaming and make it accessible for everybody. The favored sport’s premise is straightforward: it’s a straightforward clicker-based sport, and there’s no want to purchase and put money into gaming consoles or superior computer systems.
So, it isn’t shocking that the play-to-earn sport instantly attracted the eye of greater than 300 million gamers, even earlier than the launch of its HTMSR token by way of The Open Community (TON) in September 2024.
Pavel Durov, Telegram’s CEO, additionally admired the undertaking, saying that it’s the fastest-growing digital service on-line and might change how we work together with the blockchain.
Hamster Kombat’s Simple Gameplay Grew to become Its Downfall
Hamster Kombat’s new mannequin of tapping to play and earn initially eclipsed the recognition of Bitcoin mining, which was extremely technical and required complicated and costly assets. Nonetheless, the undertaking didn’t maintain the customers’ enthusiasm and curiosity, with many discovering the gameplay shallow and repetitive.
Bitcoin market cap at the moment at $1.43 trillion. Chart: TradingView.com
Except for its boring gameplay, others criticize the sport’s use of AI-generated visuals. Though they appear quirky and enjoyable initially, they turn into cheap-looking in comparison with different video games. With the sport’s low cost AI methods and uninspired design, many observers noticed the Hamster undertaking as a money seize.
HMSTR worth down within the final 30 days. Supply: CoinMarketCap
Disappointing Hamster Kombat Crypto Airdrop
The undertaking’s deliberate late September airdrop, which was alleged to raise the group, was thought-about a dud. The airdrop, with roughly 129 million eligible gamers, left many disenchanted as a result of delay and their small quantity of rewards.
In line with studies, some gamers who spent hours clicking and taking part in the sport earned $1 to $10, only a fraction of the anticipated rewards. The airdrop offers and technical points add to the customers’ frustrations.
The airdrop was delayed, testing the persistence of holders, and lots of aired their frustrations on-line. Then, there was the rollout of the anti-cheat system, which ended up limiting as much as 2.3 million participant accounts and confiscating greater than 6 billion in tokens.
Featured picture from PetHelpful, chart from TradingView