What Went Wrong With the Hamster Kombat $HMSTR Airdrop
On September 26, 2024, Hamster Kombat launched its $HMSTR token across several major exchanges. However, the airdrop left the community disappointed and frustrated.
Here’s a quick breakdown of the main issues:
1/ Unbalanced Token Allocation
The introduction of a new anti-cheat system disqualified many genuine users, redirecting tokens to influencers and causing backlash
2/ Delays and Policy Shifts
The launch faced repeated delays, and a sudden decision to lock 11.25% of tokens until July 2025 further eroded trust
3/ Disappointing Launch Price
HMSTR opened at just $0.01, much lower than expected, and quickly fell to $0.0019—a nearly 40% decline
4/ Difficulties Cashing Out
Minimum transaction limits on major platforms like Binance made it hard for small holders to sell their tokens
5/ Technical Issues
Telegram wallet issues due to network congestion made trading difficult, adding to the frustration