Hamster Kombat(HMSTR) Airdrop not just fell short of its community’s expectation but also became one of the worst airdrops in the history of crypto. Even with rallying support from its community, and a recent listing on Bitget’s spot trading platform, Hamster failed in attracting significant traction. Here’s a detailed report on why Hamster Kombat ($HMSTR) airdrop failed even with all the initial pomp around it:
1. Listing Price
The listing price for $HMSTR was only $0.01. With such a low listing price, the community did not expect the price to decline further. But when it did, the slashing price came off as a blow to both long-term and short-term investors.
2. Unfortunate Timing- Telegram Outages
Another major factor that caused HMSTR’s non-success was Telegram’s outages, “We would like to notify you that from the 26th of September 10:00 UTC we are expecting an increased load on the TON blockchain.” Telegram added.
The news turned out to be true and with network loads, several users complained of not being able to trade the token or even accessing it.
3. Banning Users and Changing Rules
The community found another reason to criticize Hamster Kombat when it banned 2.3 million users out of blue for allegedly cheating ahead of the $HMSTR token airdrop. Further frustration grew among the community due to last-minute ‘anti-cheat’ rule changes.
The Hamster Kombat team had initially planned the airdrop for July 2024, but “due to technical unpreparedness”, the event was delayed until September. But, as the airdrop approached nearer, the developers abruptly informed users that participants would only receive 88.75% of their tokens, further causing a feeling of distrust amongst community members.
Hamster is currently valued at $0.005742 with continued slump, it has gone down by 41.33% in the past 7 days. In the past 1 month, it recorded a drop of 41.75%. Undoubtedly, a failed airdrop event, and growing distrust certainly contributed to HMSTR’s collapse.
