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Hamster Kombat airdrop is live and the token is listed on several exchanges.
Key Notes
Top Telegram-related game Hamster Kombat has launched its token airdrop.The game’s HMSTR token bagged simultaneous listing on multiple exchanges.Analysts are speculating how reactionary the price will be in the coming days..The wait is finally over, as Hamster Kombat’s HMSTR has finally gone live for trading on on multiple trading platforms. The exchanges that have listed the token include Binance, KuCoin, OKX, Bybit, Bitget, Gate.io, MEXC and Bitfinex.
The 131 million players who qualified for the airdrop have started claiming their token share. Following the airdrop claims, HMSTR now joins Telegram-based tokens with support on the most prominent exchanges. The launch has sparked excitement in the crypto ecosystem, with several players celebrating their earnings.
HMSTR Token Distribution Details
The HMSTR token has a maximum supply of 100 billion, and 75% of this value was scheduled for this airdrop. However, only 60% have been distributed, with the other 15% coming in a future token distribution (Season 2). An airdrop distribution of 3 billion HMSTR occurs in the Binance Launchpool. The exchange made this possible by locking 14 billion USDT worth of BNB and FDUSD.
Additionally, Binance has launched HMSTR Super Earn product where users can lock their tokens for rewards. A 100,000,000 HMSTR reward has been earmarked for this product as well.
The 30.6 million gamers who have not chosen their preferred withdrawal method still have some grace to claim their airdrops. They can pick the direct claim option, which is currently available. As of September 25, those in this category could choose either this direct claim or the crypto exchange option, which is now no longer available.
Unfortunately, the 2.3 billion players caught cheating a few days ago have no share in the ongoing token distribution. 50% of their 6.8 million HMSTR has been redistributed to honest and dedicated players, while the other 50% is set aside for “burning.”
HMSTR has garnered significant traction following the token distribution, ranking amongst digital assets with the highest social mentions.
Price Predictions And Key Metrics For HMSTR Post-listing
It is worth noting that some market observers previously predicted that the token price would fall between $0.004 and $0.01.
Crypto influencer Ajay predicted a price range between $0.005 and $0.01. He does not see the possibility of HMSTR’s market cap surpassing $1 billion. With the project’s traction, HMSTR may beat this and other influencers’ expectations. Similarly, airdrop analyst Gautam Gupta forecasted a potential dip in HMSTR prices post-listing.
His analysis led him to estimate the expected trading range of HMSTR tokens at $0.008 to $0.009 each.
Moving forward, there are concerns that the project’s hype may dwindle in the coming days, causing the token to lose most of its value. He highlighted the development team’s inexperience and the project’s lack of utility. Gupta believes these factors threaten the long-term viability of the Telegram-based Tap-to-earn project.
Even with its anti-cheat strategy in place, the HMSTR development team is still guarding against entities who might want to tamper with the airdrop. Once caught, their IP addresses and contact details will be handed to the authorities per Telegram’s new policy.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Hamster Kombat (HMSTR) News, Altcoin News, Cryptocurrency News, News
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
